Chicago Property Management Blog

As a property investor, one of the biggest hassles out there is finding new tenants. It does not matter if you are managing the property yourself or hired a property management, selecting renters is a crucial part of the business. Learning how to find good tenants is not an easy task, and it can easily turn stressful. As much as you want ...

Property owners love having good tenants. Tenants that pay on time, take good care of the property, and that have a solid communication (not overwhelming nor non-existent). However it is safe to say that if you’re planning on investing in rental property, at some point you’ll have a run in with a bad tenant. Sometimes it is ju...

Renovations can be very expensive. Whether you are looking to renovate your own home or an investment property, it can be an important financial decision. According to a recent report from the Joint Center for Housing Studies of Harvard University, U.S homeowners spend "$400 billion per year on home improvements and repairs". If...

Investment properties can be a great way to reach financial freedom thanks to the constant income stream. As an investor, it is extremely important that you accurately (keyword!) calculate the rate of return on a rental property prior to purchasing it. This will determine if the investment is worth the resources (time, money, energy, etc)...

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 ...

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...

“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...

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...

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...

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 (...