Chicago Property Management Blog

Rental Property Tax Deductions? Things you should know

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As a landlord, the satisfaction and excitement of consistent income are things that should be expected. However, one of the topics that is normally not mentioned during the conversation is the rental property tax deductions. Whether you are just starting your real estate investments, or are now an experienced landlord, it is crucial that ...

Things You Should Know And Questions You Should Ask Before Hiring A Property Manager

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If you’ve decided that that self management is not the best option for you, you’ve probably begun shopping around for the property management company that best fits your needs. This can be a scary undertaking as there are a ton of options available in Chicago and frankly, you’re entrusting them with a large responsibilit...

Why Location Is So Important In Real Estate?

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“Location, location location!” When starting with your real estate journey it is very common to hear “it’s all about the location” or “focus on location and then on the rest”. In fact, when I first started in real estate, I got sick of hearing about the “Golden Rule of Real Estate” sin...

Benefits Of Investing In Multifamily Real Estate

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As many start their real estate journey, they might be wondering what the best type of real estate investment is for them. A few of the many options include condos, single family residences, multifamily properties, as well as a variety of commercial options. A very logical investment for many is to set their eyes on multifamily real estat...

Advantages and Disadvantages of Long-Term Rentals

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As we wrote in our blog last week, the short term-rental industry has gotten extremely popular over the past few years due to new platforms like Airbnb and Homeaway. With as exciting as those short term rentals can be, people tend to forget about long term rentals. That being said, long term rentals have continued to be a consistent and a...

Advantages and Disadvantages of Short Term Rentals

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Over the past few years, the real estate market has evolved to include a new and exciting asset class. With new platforms like Airbnb, VRBO, HomeAway or even Facebook, the short term rental business has skyrocketed. Contrary to a long term rental, a short term rental is a property that is rented out furnished / turnkey for days or weeks (...

Reasons Why You Should Be Investing in Chicago’s Real Estate

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As the housing demand increases in Chicago, the sales prices in the city are projected to keep rising throughout the next years. It is interesting to see that regardless of the pandemic, prices are skyrocketing not only in the city, but also in the suburbs. If you are thinking about investing in rental properties, this is the time to do i...

Six Money Saving Methods To Buy Your First House

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When you first decide to buy a home, saving money can feel impossible. You should realize that it takes time, but it is very rewarding. Use these 6 tips and start saving money for your first home:1. Budget.The first step to saving money is to build a budget! If you already have one, build a better one. If you don't know where your mon...

7 Signs You Might Need a Property Manager

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When you first enter the world of investment properties, you will start to realize that your organizational skills are extremely important to keep you afloat. If you fail to do so, you will soon start to suffer: your stress levels will increase, your excitement will decrease and so will your income. Whether it’s in Chicago, or any o...

Top 6 Tips for a Stress-Free Home Purchase

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It’s no secret that the real estate market is red hot right now! In Chicago we’re experiencing some of the lowest inventory levels that we’ve seen in over a decade, causing an extremely competitive market, with many listings getting multiple offers within the first few days of hitting the market. As if purchasing a house...

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