More small investors take leap into landlord business

Chicagoans Linda and Debra Basili thought about becoming landlords years ago. But even two professional women's combined salaries were no match for the Windy City's high housing prices.


Then the biggest real estate crash since the Great Depression hit, driving down Chicago home prices by a third in five years. The 54-year-old twins took the leap.


Last year, they bought not one but two condominiums near downtown. They found renters within weeks, and the rent more than covers their costs.


"Tell Donald Trump to look out," said Linda Basili, a State Farm insurance manager.

 

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