Chicago Property Management Blog

It can be exciting to shop around for a new apartment. Visiting different properties, touring several buildings and assessing different amenities is a complete experience. Choosing an apartment should be fun. However, if it is your first apartment hunt, you need to be informed, ask questions and take the appropriate precautions before sig...

If you’re managing your own rental property, requiring periodic inspections is a great way to reduce your risk of property damage. While there are several services in Chicago that will do this for you, property inspections can be fairly simple and you can do them yourself if you know what you are looking for. Annual, or even semi an...

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...