Update Your Docs: July 1, 2026 Illinois Lease Changes Every Chicagoland Landlord Needs

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Updated April 20, 2026 · Illinois Landlord Attorney Update Your Docs: The July 1, 2026 Illinois Lease Changes Every Chicagoland Landlord Needs HB 3564 (the Illinois Junk Fee Prohibition for Rental Housing) takes effect July 1, 2026. The Safer Homes Act disclosure has been required since January 1, 2026. Illinois Human Rights Act updates are […]

What Is a Good Cap Rate in Chicago? 2026 Benchmarks by Neighborhood

Updated April 20, 2026 · Chicago Investor Attorney What Is a Good Cap Rate in Chicago? (2026 Benchmarks by Neighborhood and Asset Class) The short answer is 6 to 8 percent for stabilized Class B multifamily in 2026, with meaningful variance by neighborhood and property class. Sub-5 percent cap rates are almost always a trap […]

How to Handle Late Rent Payments

what to do when a tenant makes late payments of rent and zelles it

Rent is due on the first. By the fifth, nothing has hit your account. You have already run the numbers and you know you cannot carry this unit for free. You start thinking about filing for eviction. Maybe you already paid a process server. Then your phone buzzes: the tenant just Zelled you $500. Not […]

We Won’t be Bribed. Don’t Support the Biden Homebuyer Tax Credit

We Won't be Bribed. Don't Support the Biden Homebuyer Tax Credit

President Joe Biden has proposed an annual tax credit that would give lower-income Americans $9,600 over the next two years to help with the financing of their first or second home. Sounds great, right? This tax platform will be an unmitigated, $806,400,000,000.00 disaster that our grandchildren’s children will owe eighty years from now. I arrive […]

Will Two Extra Mortgage Payments a Year Cut my Mortgage in Half?

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Discover the financial benefits of making extra payments on your mortgage. Learn how additional payments can significantly reduce the overall interest and shorten the loan term. This comprehensive guide explores the advantages of making extra payments, how they impact your mortgage balance, and the potential savings. Empower yourself with knowledge and tips to maximize your mortgage payoff strategy, leading to long-term financial success and increased home equity.