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Do you have a rental property that’s causing more stress than it’s worth? Are the existing Tenants making it hard to collect the monthly rent? As investors, we both know that money could be going towards more profitable venture.
If your rental property is no longer helping your finances, maybe selling it for cash is your best option. If you want to sell your investment property As-Is, we will handle the task of taking on the existing Tenants, Cleaning up the property, Making Repairs, and more—so you won’t have to spend time and money getting it prepped for the market.
What are the best ways to avoid an eviction?
Consider negotiating a settlement agreement with the occupant that includes relocation assistance or a deferred eviction date in exchange for their consent to a judgment of possession being entered in the appropriate court.
How long does an eviction usually take?
The timeline for an eviction varies depending on the property's location, whether the occupant is legally considered a tenant, the remaining time on their lease, and whether they have experienced legal representation. In general, evictions in Illinois typically take 3–4 months, while evictions in Cook County, may take 5–12 months, influenced by numerous factors.
What steps are required to obtain an eviction order from the court?
The process depends heavily on the type of occupant and the jurisdiction. For instance, some courts classify individuals residing in a property in exchange for services, such as caregiving for a disabled owner, as tenants. In these cases, all applicable tenant protection laws must be followed before proceeding with eviction. Requirements vary by county—some mandate a 30-day notice, while others require 60 days. Additional variations and complexities arise depending on the specific facts and jurisdiction.
Can I file an eviction proceeding myself, or do I need an attorney?
In Illinois, you can file an eviction independently, however, it's highly recommended to work with an experienced attorney. Many factors can cause delays and time is of the essence when you're not collecting any rent.
WANT TO KNOW WHAT YOUR PROPERTY IS WORTH?
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