Owning a rental property in a city like Chicago is both rewarding and challenging. Rewarding because it can fetch you a good monthly income in the form of rent, and challenging because at times it becomes a bit difficult to determine the rent of such property.
The relationship between a tenant and a landlord is a complex one. You may ordinarily have an excellent professional relationship with your tenant, but when it comes to property maintenance, you may very often disagree with each other over the finer points of tenant-landlord responsibilities.
Here are some of the serious risks you run if you are putting off maintenance for your Chicago rental.
