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Blog

Cheated by a Landlord over a Security Deposit?

Posted on May 12th, 2014 by Joe Pioletti

When it comes to security deposits many landlords simply don’t get it. They consider it their own money as soon as they receive it at the beginning of a lease. They think that security deposit money is theirs to use on regular everyday upkeep of the unit. It’s not, that’s what rent money is for. […]

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A Dream House with Hidden Problems

Posted on April 6th, 2014 by Joe Pioletti

You recently bought the perfect house, but after the moving in, you’ve discovered it isn’t as flawless as you thought. Perhaps the roof leaks, the basement floods, or the plumbing is suspect. Whatever the issue might be, there may be legal remedies available to handle the matter. The first step is to contact your insurance […]

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The Court Has Ordered an Eviction, Now What?

Posted on March 15th, 2014 by Joe Pioletti

You have just won a forcible entry and detainer action in court against your tenant in default. The tenant is still occupying the building. Are you immediately entitled to retake possession? Not so fast. Strange as it may seem, winning an eviction suit does not immediately entitle you to take possession of the property. Once […]

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Section 1031 Exchanges: Deferring Taxable Gain on the Sale of Property

Posted on December 10th, 2013 by Joe Pioletti

Whenever you sell business or investment property for a gain you typically have to pay tax on that gain. The IRS has created an exception to this rule known as the Section 1031 exchange. These exchanges are also referred to as like-kind exchanges, deferred exchanges, tax free exchanges, and Starker exchanges. If at the time […]

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Section 1031 Exchanges: Swap Till You Drop

Posted on December 10th, 2013 by Joe Pioletti

TURNING A TAX DEFERRAL INTO A TOTAL TAX AVOIDANCE Section 1031 Exchanges: Swap Till You Drop Previously we looked at the requirements and mechanics of a Section 1031 Exchange. For a better understanding of the basic operation of 1031 exchanges please check out that article. Here we look at one aspect of Section 1031 Exchanges […]

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How-to Get Your Security Deposit Back

Posted on November 25th, 2013 by Joe Pioletti

Illinois Security Deposit Recovery What are my Security Deposit Rights in Illinois? The problem of landlords wrongfully keeping a tenant’s security deposit is a huge deal in Illinois. Landlords are allowed by law to deduct the costs of repair and back-owed rent from a security deposit. However, many landlords think of a tenant’s security deposit […]

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EUREKA, IL LOCATION

107 E Eureka Ave, #1
Eureka, IL 61530

309-467-3213

24/7 live phone answering

BLOOMINGTON, IL LOCATION

121 N Main St
Bloomington, IL 61701

309-821-0246

24/7 live phone answering

KANKAKEE, IL LOCATION

2 Dearborn Square #1D
Kankakee, IL 60901

309-821-0246

24/7 live phone answering

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