Chicago Property Management Blog

As a Landlord, you know that there are an abundance of laws and regulations that you have to follow. One of the most important laws that you need to be aware of is the Illinois Human Rights Act (IHRA). The IHRA prohibits discrimination in housing based on a number of factors. These factors include race, color, religion, national origin, sex, familial status, and disability. As of January 1, 2023, the IHRA also prohibits discrimination b...

We have compiled a list of several Section 8 Housing Authorities’ contact information, including office address, phone number, and email. Chicago Housing Authority (CHA) - https://www.thecha.orgCentral Office60 E. Van Buren Street, Chicago, IL, 60605HCV/Section 8 West Office1852 S. Albany Avenue, Chicago, IL, 60623HCV/Section 8 South Office3617 S. State Street, Chicago, IL, 60609Customer Call Center: 312-935-2600 or hcv@thech...

So, you've approved a Section 8 tenant, and now it's time to go through the move-in process. Don't worry, it's not as complicated as it may seem at first. We will break down the process step by step.The first thing you need to do is fill out the Request for Tenancy Approval paperwork. The Section 8 participant will provide you with a copy of their moving papers, which are divided into two sections. The first one collects...

In 2022 alone, more than 439,596 homes were sold globally. With that being said, one thing that likely set some homes apart from others was that the people selling the house took the time to stage it properly.Several benefits come from staging a home, which is why we've taken the time to create a list of home staging tips that we think you'll find useful as you continue the home-selling process.1. Perform Property MaintenanceBef...

As a new tenant in Chicago, it is crucial to ensure that you have a smooth move-in process. One way to do this is through a move-in walk thru report. This document allows you to inspect the rental property, noting any damages or issues that may exist, before moving in. Here's what you need to know about the Chicago-specific move-in walk thru checklist.What is a move-in walk thru checklist?A move-in walk thru checklist is a document ...

The process of buying a home can be both exciting and overwhelming. There are so many things to consider, from choosing the right home to getting the best mortgage rate. It’s important to be prepared before you start the home-buying process.To help you out, we’ve put together a list of dos and don’ts for buying a home. By following our advice, you can avoid making common mistakes that many first-time homebuyers make.So...

In March 2023, the average cost of houses for sale in Chicago was $272,270. If you plan to take advantage of these home selling prices, take note. There are some home selling fees that you should prepare for.Fortunately, this article is a great place for you to start. We'll cover the basics of the total cost of selling your home in the Chicago area. Keep reading so you know what to expect.Real Estate Agent CommissionsThis is typical...

Whether or not you should hire GC Realty & Development to manage your Chicago property depends on a variety of factors, including your specific needs and goals as a landlord, your budget, and your overall comfort level with the company.Here are some things to consider when deciding whether to work with GC Realty & Development: Services: GC Realty & Development offers a wide range of property management services, including te...

There are 20 million rental properties in the US. All of them take a bigger beating than single-family residential homes.Being a property investor can be difficult work, especially when you're renting yours out. It's a great way to make money, but it's also stressful to see your property undergo the wear and tear that most rentals do.A good property maintenance routine will curb some of the costs associated with owning a ren...

If you own a rental property, you know that it's important to keep it in good condition to attract and retain tenants. But did you know that there are certain renovations that can actually increase your ROI?Here are six of the best renovations for rental properties:PaintA fresh coat of paint can make a big difference in the overall look and feel of your rental property. It can also help to cover up any blemishes or damage that may b...