Chicago Property Management Blog

Should I Sell or Rent Out My House?

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Should I sell or rent out my house? This is a very common question we often get from homeowners that are trying to evaluate whether or not their home makes sense as a rental property / real estate investment. When considering whether it's best to sell or keep the property as a real estate investment, there are a few factors that shoul...

5 Ways a Property Management Company Can Improve Landlord-Tenant Relations

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There are legal rights and responsibilities that landlords and tenants need to follow (RLTO). When it comes to the relationship between landlords and their tenants, things can get complicated. It can be difficult for property owners to address issues such as late payments or security deposits while still keeping tenants happy. A prop...

Do I need insurance for my rental property? Landlord VS Renter’s Insurance

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As a successful Property Management Company, we know first hand how lucrative investment properties in Chicago can be. We like to promote the potential revenue that can be obtained. Even though having home insurance is not mandatory in Windy City, Chicago is exposed to heavy snow, flash floods and strong winds. We highly recommend everyon...

4 Surprising Features that Can Make Your Property More Attractive to Renters

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When tenants are looking for the perfect rental property to call home, they often have a list of desired features in mind. While your property may not meet everyone’s demands, you can attract more renters when you are able to provide useful amenities and spaces that are designed to meet modern needs. Here are four surprising fe...

10 Tips for Being a Great Landlord

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Over the past few years, the rents in Chicago are constantly increasing while the vacancy rates continue to lower!  Apartments can be off the market in less than 48 hours. It has become more appealing to buy a property in the city and rent it out as an investment. As more landlords look at Chicago, they must follow the Residenti...

How to Evaluate a Rental Property When Purchasing

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Analyzing rental property can seem intimidating for any new investor. Purchasing real estate is a big financial decision, but understanding the basics of property evaluation can help you feel confident in your choice. Proper analysis can be the difference between years of stable income versus unreliable returns. Keep in mind, there i...

What to do if a tenant goes to jail?

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Being a landlord or a property manager is a full time job. This job includes leasing, marketing, maintenance, tenants, collecting rent and much more (like dealing with tenants going to jail). According to the Vera Institute of Justice, by mid-2020 there were 1.8 million prisoners between federal and state prisons. Back in 2018, there were...

Should Property Managers Require Renters Insurance?

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Renter’s insurance is also known as tenant’s insurance. Now, what exactly is this? As the name states, this specific insurance is designed to cover the needs of tenants. While it is true that every landlord should have insurance, it only covers the building and not any of the renters belongings. A Poll from the III (Insurance ...

How Buyers Can Get the Most Out of Open Houses

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According to the NAR (National Association of Realtors) 5.64 million existing homes were sold in 2020, with more than 3 million active real estate licensees in the United States, the competition is getting stronger everyday.  Buyers normally prefer purchasing their home through a broker or real estate agent (88%). But, from what sour...

Establishing a Pet-Policy for Your Rental Property

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Many landlords recognize the benefit to allowing renters to have pets in their Chicago investment properties. These property owners aim to reduce tenant turnover, increase the size of the pool of prospective renters, or they may simply appreciate the value that pets can bring to their owners’ lives. Regardless of the reason, it...

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