Whether you are considering your first rental property or just closed on your 50th, you have many decisions to make relating to how you will manage your investment. Keep that pink bathroom or tear it out? Update the landscaping yourself or hire help? One of the questions you may not have considered is whether or not to hire a property manager. Many investors (both new and experienced) are hesitant to hand over any of their cash flow to a property manager, but this is one expense that can save money, time, and maybe even your sanity.
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Homeowners looking to rent out their properties want to know when they get paid and how they get their money when working with a professional property management company in Chicago. That’s an important question, and today we’re providing some insight into how we do things and handle your finances. Read More »
One of the questions we are asked most frequently is – what happens if my tenant doesn’t pay rent? This is an understandable concern for landlords, and today we’re sharing some ideas about how a property manager will handle a nonpaying tenant. Read More »
When we begin working with new clients, they often ask if they should allow pets, or they tell us they don’t want to allow pets at their rental property in Chicagoland. We always advise them to keep an open mind. You have a large part of the population with at least one pet, and those tenants are looking for rentals that will accommodate their families and their pets. It’s becoming more common for rental properties to allow pets. Read More »
One of the first questions we’re asked by owners is: how much will my rental property in Chicagoland rent for? There are so many factors that go into determining the rental market value. It’s based on several different things. Read More »
Whether you are managing your own investment or looking for a property manager, you will have issues requiring maintenance in your rental property. How you handle those issues will make or break your bottom line. You need to be proactive with maintenance issues because they speak to your customer service abilities. When things happen, tenants expect the problems to be fixed right away. Having the right property manager is going to be key in ensuring repairs are handled. Read More »
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