Chicago Property Management Blog

Things to Consider Before Deciding to Self-Manage Your Chicago Rental Property

{{ post.title }}
Rental properties can provide a great source of steady, passive income for Chicago investors. However, before you invest, you’ll have to decide whether to self-manage your Chicago rental property or work with a property management company. This article looks at some of the things you might consider.How Much Time Can I Devo...

Passive Real Estate: 5 Common Mistakes Investors Make When Starting Out

{{ post.title }}
People often underestimate the risks and potential hazards of real estate investments, especially when they’re just getting started with passive investing. Before you spend a dime, you should familiarize yourself with the real estate market and the world of real estate investments. With that in mind, here's some sound ...

The First Thing You Should do When Moving into a New Home

{{ post.title }}
After the stressful endeavor of buying a house, the exciting part comes next: moving in. If you are organized and plan before doing so, there is no reason why this last stage should be exhausting, stressful or overwhelming. Take it day by day.  We highly recommend you do a checklist of the most important things to do when you move in...

The Pros and Cons of Turnkey Real Estate

{{ post.title }}
Do a little research on real estate investing, and you’ll likely come across the term “turnkey real estate.” Advocates of turnkey real estate brag that it’s among the easiest ways to earn income from a rental property. But does that mean turnkey real estate is right for you?We’ll help you evaluate the pros an...

Saving Methods To Buy Your First Home in 2022

{{ post.title }}
Buying a home requires a substantial amount of savings for the process. Buyers tend to forget that they should not only focus on saving for the initial deposit, there are also closing costs included and even some repairs that need to be done before moving in. As a property management company, we understand that having a healthy ...

SELLING A TENANT-OCCUPIED PROPERTY WITH A FIXED-LEASE

{{ post.title }}
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...

Selling Your Rental Property With a Month-to-Month Lease

{{ post.title }}
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...

Updated: 5 Ways to Guarantee that your First Chicago Investment Property is a Success

{{ post.title }}
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 ...

The Most Cost-Effective Options When Renovating your Chicago Rental Property

{{ post.title }}
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...

How to properly screen new tenants

{{ post.title }}
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 ...

Showing 11- 20 of 94