Chicago Property Management Blog

How Do I Turn My Home Into A Rental Property?

If it’s not a great time in the real estate market to sell your home or you’re just looking to kick off your real estate investing career, turning your home into a rental property may be a great option for you. It’s relatively simple, but there are quite a few things you want to consider beforehand. Today, I’m goin...

How Do I Handle A Tenant That Stops Paying Rent

Most of the time we get calls from prospective landlord clients, they’ve run into issues with their tenants or rental properties. When life is good, property management can almost seem easy. But as soon as things get complicated, our phone starts ringing. One of the most common calls we get is about tenants that are not paying rent....

Top 7 Tips for Effectively Managing Rental Property

If you talk to experienced real estate investors, they will tell you that property management is one of the most beneficial yet toughest areas to master. Today, we’re discussing my top 7 tips for effectively managing rental properties.Whether you’re looking to buy your first rental property or start a property management compa...

Why you should NEVER hold rental property in your own name (Use an LLC)!

Hi everyone! Jason Marcordes here with Landmark Property Management and today we’re discussing why you should never hold your rental property in your own name. One quick note here,  I want to point out the distinction between buying and holding. When I first got started, I was buying rental properties in my personal name which ...

What’s Considered Normal Wear and Tear in Rentals?

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As a rental property owner, it will be your responsibility to pay for the normal wear and tear that occurs during a tenant’s occupancy. These are the minor damages caused by everyday living that will occur in any home. Any damage above and beyond normal wear and tear is the tenant's responsibility. To help you know the diff...

Top Preventative Maintenance Tips for Rental Properties

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As a rental property owner, you have to take care of your property for the sake of your tenants. Additionally, keeping your property in good condition through preventative maintenance will help you protect your investment. Your property will last longer, look better, rent quicker, stay occupied longer, and you’ll spend less mon...

Top 10 Lease Clauses You MUST Have in Your Lease!!

Hi everyone! Jason Marcordes here with Landmark Property Management and today we’re discussing the top 10 lease clauses you MUST have in your lease. These are all things we’ve learned the hard way from managing thousands of units over the last decade. This is a high level overview but if you want the actual lease language stic...

Considering Short Term Rentals (STR)? Watch this First!! (Pros & Cons)

Short term rentals can be an amazing way to launch your real estate investing career and make some serious cashflow. But have actually weighed the pros and cons? If you’re considering this investing strategy stick around and I’ll explain my top pros and cons of this asset class.Hi everyone, Jason Marcordes here with Landmark P...

What Type Of Insurance Do I Need For My Rental Property?

Hi everyone, Jason Marcordes here with Landmark Property Management. Today we are answering the question: What type of insurance do I need for my rental property? Now I know that nobody wants to think about insurance, let alone pay for it for that matter, but I promise that if you need it, you’re sure glad you have it! Over the past...

Rent-to-Income Ratio: Everything Landlords Need to Know

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When you need to fill a vacancy, you will have to start vetting the applicants. Although this is a tedious process, being thorough can help you choose the best applicant for your vacancy. An important part of selecting a new tenant is ensuring they can afford the rent, and that’s when evaluating their rent-to-income ratio becom...

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