Chicago Property Management Blog

HOW MUCH SHOULD I CHARGE FOR RENT?

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Every landlord faces the question of pricing their rent. Depending on your state, location, city and even neighborhood - finding the right price range to list your property can be tricky for new landlords. Even in Chicago, our city is so diverse. Chicago includes such a wide range and copious amount of properties, it can be a completely d...

HOW DO I LEASE PROPERTY DURING COVID 19?

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Under Illinois’ Executive “Stay at Home” Order, real estate services are included under “essential businesses”. This means people engaged in real estate are permitted to leave their homes to provide these services. This includes real estate brokers and their clients.If you do continue to do business, and meet...

DO I HAVE TO PAY MY RENT OR MORTGAGE DURING COVID 19?

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COVID-19 “Coronavirus”, has impacted and affected every major area of our lives. From our jobs, schools, social lives and weekend plans, there is no one that hasn’t been affected on some level. So many of our favorite places to go have been shut down, restaurants, shopping, parks, and more. This has left a lot of people ...

CONSIDERING RENTING TO TENANTS WITH PETS?

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Nowadays, it seems like the majority of tenants tend to come with an animal of some sort. Whether it’s a dog or a cat or a pet fish, it’s important to have a policy in place. Over 50% of all tenants have pets, so having a “no pet” policy can cut your potential tenants in half, increase vacancy, and seriously cut in...

What to ask when hiring a Property Manager

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How long have you been in business? We recommend finding a company that has some experience in your market. Have they dealt with fires, tenant disputes, maintenance or utility issues, etc? You’ll want to make sure they have some successful years of experience. Hiring a brand new company that’s just getting started, can le...

Our TOP 9 Tips On Being The Best Landlord

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So, you want to be a better landlord? Maybe you’ve been running a successful rental - or maybe you’re about to start renting your property… Here’s some things we suggest you consider in order to be the best landlord possibleFind High Quality TenantsNothing is going to make your job easier, than finding t...

Should I Manage My Own Rental Property?

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There’s definitely a lot to consider when deciding whether or not you should manage your own rental property. From marketing your property, screening and placing a tenant, managing maintenance, showing your property and more - there’s a lot that goes into successful property management. Benefits To Managing Your Own ...

Current Market Conditions - How is the Coronavirus / Covid-19 Currently Affecting the Real Estate Ma...

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We’ve recently entered uncharted territory, unlike anything we’ve experienced before. Most of us remember the financial crisis of ‘08-’09 but this is different. Never in modern history have we seen things changing so rapidly. One day the stock market is up 1,000 points - the next, it’s down 1,500. S...

IS CHICAGO A GOOD MARKET FOR REAL ESTATE INVESTMENTS?

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According to the Census Bureau, Chicago had the fastest-growing downtown population of any U.S. city between 2000 and 2010. Not only are millennials becoming a large part of the population, but major companies and businesses are flocking to this Midwest hub. With over 1.5 million renters in the Chicagoland Area alone, this means lots of g...

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