Algonquin Property Management
Let Us Manage Your Algonquin Rental Property
GCR&D provides property management services for all Residential, Industrial, & Retail Properties in the Chicago West & Northwest Suburbs to include the counties of Kane, DuPage, Western Cook and parts of Mc Henry, and Lake Counties.
GCR&D has been proactively and successfully managing properties since 2005. Currently, GCR&D manages over 500 residential units and almost a million square feet of commercial real estate space. The operation has seen significant growth in the last 7 years and contributes much of its success to its ability to restore troubled properties into income generating properties quickly.
Each employee of GCR&D are property managers and landlords themselves, and understand how to manage properties from the owner’s perspective. The goal of GCR&D is quite simple: Making properties as attractive as possible, keeping costs to a minimum, and the ability to attract excellent tenants who pay the highest rent available that the market can bear.
The Property Managers do all they can to eliminate or limit the possibility of vacancy in your property due to turnovers being costly. Leasing a space includes procuring tenants that have long term potential, and once a unit is rented, the team works in a plethora of ways to keep tenants in the space. Turnover costs eat away at profits and the ability to retain tenants proves to significantly increase the profits of owners year after year.
There are instances in which tenants still have a desire to move from a space, and this is where GCR&D becomes aggressive in turning over the space as quickly as possible to procure a new tenant. Working closely with each property owner, GCR&D researches the current rental market to determine the highest rental price that the market will bear. Efforts to lease the space to a new tenant begin prior to the current tenant vacating as this drastically reduces vacancy time even when a turnover is included. Great success has come in following this standard and due to our aggressive marketing techniques, most properties are leased out within 21 days or less.
One of the largest aspects of maintaining any property is the supervision of routine preventative maintenance, and turnover costs. Due to the fact that property maintenance tends to be the bulk of annual budgets, it is ever so important to control costs by completing these jobs in a timely manner and at the best value while not sacrificing quality. The GCR&D operation includes a Maintenance Department that has proven to save owners hundreds of dollars per year since most jobs can be completed in house. In some instances, large scale projects are needed and GCR&D has to ability to negotiate rates with preferred vendors with the savings passed down to client.
Clients who have their own team of trusted vendors may continue to use the services of their own vendors. GCR&D will continue to work with and coordinate any maintenance issues with these preferred vendors.
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GCR&D also has the ability to handle renovations or rehabilitation projects. The projects occur for an owner when a plan has been set in place to increase rent. These projects may include replacing an entire Kitchen or Bathroom and can be completed in house by GCR&D or through preferred vendors and third-party contractors.
GCR&D maintains liability, workers comp, umbrella, & E&O insurance. Proof of insurance is always available upon request.
GCR&D offers unparalleled customer service when problems do arise. Tenants of GCR&D properties may call a designated 24 hour work order line and speak with a live representative at the first sign of a maintenance issue. Maintenance requests are sent to all Property Managers & Supervisors which provides the ability to quickly respond to any issue that may arise.
The services offered with our full service Property Management include
- Rental Collections & Enforcing Late Fees
- Village Rental License Compliance & Inspection Services
- Turnover Work
- Large Renovation & Rehab Jobs
- Landscape & Snow/Ice Maintenance Oversight
- Capital Improvement Estimates
- Financial Planning & Administration
- Detailed Monthly Accounting Reports – See a sample here Owner Monthly Statement Sample – ABC Lane
- Property Maintenance Services (GC Maintenance & Third party Vendors)
- Leasing & Tenant Screening
- Legal Matters In the Event of a dispute
- Subsidized Housing Expertise
- Comprehensive Strategic Planning
- Delivering Notices & Eviction Process Oversight (not needed if we locate you a tenant)
GCR&D Management fees may vary and are quoted on a case by case basis but listed below are current rate ranges for both commercial & residential management:
- Commercial: 4-6% of the gross rent
- Residential: 6-8% of the gross rent
- Residential: 8-10% of the gross rent(Chicago Only)
GCR&D welcomes the opportunity to speak with you about your Property Management needs. Please feel free to call, text, or email Michelle Lawler for additional information at any time.
Algonquin Area Information
Algonquin is a village in Illinois located in both McHenry and Kane counties. It is a northwest suburb of Chicago, located approximately 40 miles from the Loop. The 2010 Census placed the Village's population at 30,046, growing considerably from the 2000 Census figure of 23,276.
The village is known as "The Gem of the Fox River Valley", since its downtown is nestled in the heart of Illinois' Fox River Valley. Established in 1890 and long known as a small river community, the village is making the transition into a major regional hub, as it has experienced considerable suburban growth over the past 20 years. Now stretching all the way west to the busy Randall Road corridor, Algonquin has become a major commercial center, with popular shopping centers and restaurants, as well as a growing corporate campus. Additionally, the village continues to see considerable residential growth. With this growth, the village has had to deal with challenges including traffic congestion and overburdened schools, yet has managed to increase the commercial tax base, preserve its character and history, and substantially increase its recreational offerings and quality of life. Source From Wikipedia
In addition to the cities below GC Realty & Development, LLC has coverage all over the Chicagoland Area including Kane, Cook, Lake, Mchenry, & Dupage County. We also have coverage across a large portion of the city including downtown Chicago.
- Arlington Heights
- Buffalo Grove
- Carol Stream
- Crystal Lake
- Des Plaines
- Downers Grove
- Dundee (East & West)
- Elk Grove Village
- Glen Ellyn
- Glendale Heights
- Hanover Park
- Hoffman Estates
- Lake Zurich
- Lake in the Hills
- Long Grove
- Mount Prospect
- North Aurora
- Oak Brook
- Pingree Grove
- Rolling Meadows
- South Elgin
- St. Charles
- Villa Park
- West Chicago