On our most recent show, we discussed the breaking news in regard to President Trump’s most recently signed Executive Order. This order that was signed Saturday makes evicting a non paying tenant nearly impossible for the remainder of 2020. We also discuss what options you have as a Landlord if your tenant in Chicago has stopped paying their rent.
Topics Discussed Include:
President Trump’s signing of multiple Executive orders on Saturday, August 8, 2020
Moratorium - The Executive Order to effect Landlords the most and can possibly last into November or December 2020
August 10, 2020 - $300 million relief fund for tenants behind in rent due to COVID unemployment
When the legal system isn’t available to assist you, how do you resolve your issue of a non-paying tenant and lack of income?
Resources available to Tenants to assist them in paying their Landlords
“Cash For Keys” to get tenants to leave your unit and gain back possession without using the court system
You Tube Videos:
Tune in each Sunday, or download the Podcast, for the most up to date information on the hottest topics happening now. Any real estate that is owned is truly your greatest asset, so stay tuned to us to keep up to date on how you can manage and grow your investment.
You may also enjoy some of these great resources:
SUCI Podcast - Bibek Das from Das Law tells us his legal Pitfalls to avoid in Chicago
Off Market Cash Flowing Investment Properties - All off market leased 1-4 units investments with immediate cash flow
Legal Learning Center - Check Out Our New Legal Learning Center With Info on the 2020 Ban On Evictions in Chicago