I am the renter.
15+ floor Condo building in River North Chicago. 1BR 850 sq ft. WD DW 20 min walk to Loop. Steps to bus and train. Balcony. Storage. 5 min from my office. Rent is 1800/mo with parking. I rent out the parking spot for $225/mo. Possibly lowest rent in the building. Unit needs new kitchen, cupboards, wood flooring, paint, lighting, bathroom, closets, and carpet. And probably a dozen other things I'm not considering.
I go to meet with my landlord who does not speak English as a first nor second language. No offense intended.
Landlord/Owner wants (a)$150,000 in cash by the end of next week and (b) an additional $175,000 by the end of 2017. (c) I am to continue to pay my monthly rent until the entire amount is paid. Ok...
I wrote it down and made her repeat it.
Why do I need to pay $150,000 in cash by end of next week and pay well above market for this unit you haven't touched since I moved in 5 years ago?
She wanted to buy a house in P.R. And needed the cash by the end of next week.
Her value of $325k is way off. She had an MLS print out of a completely different unit for a completely different building. MLS was a newer and probably bigger unit but no sq footage shown.
I told her the price was off and that I would look into getting her the cash. This was Yesterday. She called me today and I stalled.
Today she called Hector the maintenance man in my building, with whom I am have a mutually beneficial relationship, the value of the unit. He said $250,000. So had I. The day before the meeting, I spoke with my prop manager, also a friend and he said pay no more than $275,000.
But I think that is besides the point. Hector has dealt with her often and says she is so nuts.
Do I counter or just run?
Please let me know if I need to explain anything.
Thanks for reading.
Submitted January 13, 2017 at 12:50AM by Wokeaf1 http://ift.tt/2jKNird
