Latest / Straight Up Chicago Investor
Episode 414: Mark Ainley Breaks Down Chicago Suburb Rental License Must Knows
SUCI Co-Host Mark Ainley is back in the hot seat to share insights on being an apartment operator in Chicagoland Villages and Suburbs!
Mark jumps right in by giving a bit of history on why rental licenses were originally introduced. He gets granular on various village requirements for rentals including smoke detectors, GFCIs, and hot water heaters. Mark explains some hoops you can expect to jump through during Point of Sale inspections and how to expedite the process! He closes by breaking down tax transfer stamps and other transaction fees in the Suburbs so you can accurately factor this…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.