Chicago Property Management Blog

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...

6 Questions You Should Ask Before Making An Offer On A Property

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As we have stated more than once, we understand the excitement and amazing journey of buying a first home. As thrilling as it can be, there is a lot of information and things that can go wrong. We highly recommend researching as much as possible to reduce the margin of error. After house scouting, you will eventually find the right home f...

Security Cameras for your Rental Property: What You Need to Know

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Owning rental properties can require an enormous investment of time, money, and resources. Protecting that investment is vital and property owners typically want to utilize every tool at their disposal.Security cameras can be one of the most effective types of devices to protect a Chicago investment property. Whether guarding against pote...

7 Important Questions To Ask Your Partner Before Buying a House Together

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Purchasing your first house with your significant other is one of the most fulfilling milestones of the relationship. Not only are you buying a home with your partner, you are also choosing where your future memories are going to be.  Even though you hope this new chapter is joyful, happy and exciting, it can also be exhausting. This...

Questions Buyers Should Ask Before Choosing A Real Estate Agent

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Buying a home can be both an exciting and nerve wracking experience, especially if it is your first time. Many homebuyers don't comprehend the importance of having a good real estate agent. Having a great  real estate agent can make this journey either a smooth one, or a complete nightmare. According to the Statistics Research De...

4 Ways To Make Your Rental Property Low Maintenance And Durable

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According to the Statista Research Department, the United States holds approximately 43 million rental housing units occupied by renters. We have seen a constant increase since 1975. The numbers suggest “that demand for rental housing is on the rise, and that supply is failing to keep up with it." All landlords want their ...

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