Chicago Property Management Blog

Before putting your tenant-occupied property on the market, it is important to understand the type of lease agreement you have with them. This will determine your legal options for selling. If you decide to list your home on the market before your tenant’s lease is up, you might consider negotiating a monetary settlement with y...

As we have previously mentioned, rental properties in Chicago are great investments. Investors will constantly receive rent from tenants and when they are ready to sell, appreciation will increase the property’s value. When this point is reached owners can:1. Wait for the tenant’s lease to end and then move out to se...

Getting into the rental property business can be very lucrative and risky. Purchasing your first rental property also comes with financial risks. Knowing what to expect, how to approach acquiring a new property, and which properties will be worth your investment, is key to succeeding with your first Chicago rental property.Take ...

Renovating an investment property can increase the rental value of the property drastically, attract high-quality tenants, and can present excellent ROI when you invest in the best renovation choices for the long-term. However, spending on the wrong renovation materials, tactics, or areas of a property can increase cost and effo...

In Chicago, 46% of the households are currently occupied by tenants. Safety measures should increase as the number of renters increase too.  Any prospective tenant can seem great during the initial walk-through. So it’s important to screen every potential tenant thoroughly before allowing them to sign a lease. A ...

Should I sell or rent out my house? This is a very common question we often get from homeowners that are trying to evaluate whether or not their home makes sense as a rental property / real estate investment. When considering whether it's best to sell or keep the property as a real estate investment, there are a few factors that shoul...

There are legal rights and responsibilities that landlords and tenants need to follow (RLTO). When it comes to the relationship between landlords and their tenants, things can get complicated. It can be difficult for property owners to address issues such as late payments or security deposits while still keeping tenants happy. A prop...

As a successful Property Management Company, we know first hand how lucrative investment properties in Chicago can be. We like to promote the potential revenue that can be obtained. Even though having home insurance is not mandatory in Windy City, Chicago is exposed to heavy snow, flash floods and strong winds. We highly recommend everyon...

When tenants are looking for the perfect rental property to call home, they often have a list of desired features in mind. While your property may not meet everyone’s demands, you can attract more renters when you are able to provide useful amenities and spaces that are designed to meet modern needs. Here are four surprising fe...

Over the past few years, the rents in Chicago are constantly increasing while the vacancy rates continue to lower!  Apartments can be off the market in less than 48 hours. It has become more appealing to buy a property in the city and rent it out as an investment. As more landlords look at Chicago, they must follow the Residenti...