cash for keys

Update on extreme cold in Cook County as it relates to tenant evictions

by

brrCook evictions called off because of cold weather.

For those of you landlords who have been following the Cook County Sheriff’s eviction schedule web page, you will have noticed that evictions are once again this week canceled for the 24th of January.  The Sheriff’s web page says “Evictions Will Be Cancelled Due To Weather / Rescheduled At A Later Date”.  There have not been many evictions so far in this new year.

Read more

Cash for keys: the Illinois landlord’s dirty secret

by

keys and locks for tenantsNot every Illinois landlord or tenant has heard of “cash for keys” but, chances are, if they hang around the rental markets long enough, they will… or should. Cash for keys is an alternative to the eviction process.  It works like this: a landlord offers some amount of cash to a tenant the landlord would otherwise want to evict in exchange for the tenant’s return to the landlord of an empty rental unit and the keys to that unit. It’s that easy.

Read more