Chicago Property Management Blog

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...

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...

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 ...

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...

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...

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 ...

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...

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 ...

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...

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...