Chicago Property Management Blog

Did you know that buying and holding real estate can help you build wealth in multiple ways with one property?   Most real estate investors or want to be real estate investors focus on the cash flow(rent minus expenses) and forget about the other ways that really build wealth.   I’ve benefited - as have hundreds of our clients with our property management company - from the five ways landlords can make money in Chicago. ...

As a local Property Management firm in Roselle we have managed hundreds of townhouses, condos, & single family homes in Rolling Meadows since our start in 2003.  In fact, the second rental I purchased was a condo in Rolling Meadows in the early 2000s.  If you are renting now or looking to rent your property in Rolling Meadows these are a few things you must know to reduce your risk. Rolling Meadows Rental License Requirem...

If you are new to being a Landlord in Chicago, or have never heard of it prior to this article,, you may not know that the City of Chicago has an enforceable Heat Ordinance that must be adhered to.  If you are a tenant, you should know your rights as well.  This Ordinance applies to both Residential and Commercial work spaces, and is enforced between September 15th and June 1st of each year.The suburbs of Chicago are exempt fr...

The National Multifamily Housing Council reports that 44.1 million households in America are renters.If you have a property you wish to rent, there are many potential tenants you could choose, but you don’t want just anyone. You want a tenant who keeps the property nice, who obeys the law, and who will pay on time.To choose the right tenant, you won’t want to make these tenant screen mistakes. 1. Not Reading a Credit ReportB...

When I speak with investors about property management, one of the first questions I usually get asked is, “How much are your fees?” I understand that this question comes up for two reasons:PRICE DRIVEN – maybe the investor is price driven, and they will go with whatever the lowest price is on the surface. That investor may not realize that he/she is possibly sacrificing hundreds or thousands of dollars in savings ...

Why an Out of State Investor Should Hire an Attorney When Buying Investment Property in Chicago/IllinoisWhen you buy a house, apartment, or commercial building, you'll sign many papers and spend a lot of time and money until you have a good idea what the property is like and what it's worth. Although Illinois law does not require that a real estate attorney be involved to assist with the steps that occur between the time co...

As a local Property Management firm in Roselle we have managed hundreds of townhouses, condos, & single family homes in Roselle since our start in 2003.  Roselle can be tricky for Landlords because it falls into two different counties Cook & Dupage which means depending what part of town you are in there may be different rules.  If you are renting now or looking to rent your property in Roselle these are a few things y...

Deciding to move forward with an eviction is difficult, but you pay a lot in time and money too. Most real estate investors know that Cook County and Chicago generally don’t support a landlord-friendly market. The lengthy legal process to remove a non-paying resident from your unit demonstrates that. Throughout the entire process, as the landlord, you must continue to address any habitability issues in the unit. This can incl...

Since the beginning of our company, I have worn many different hats, but now I have taken on a new role as a business development consultant. As owner of the new business division, I talk with investors every day about my company’s services. In 2013, when we brought on another team member to handle the new business development department, I started focusing on other areas of the business. This year, I am back in front of the compa...

Statistics from 2021 show that the market size for property management was valued at USD 17.69 billion. However, there is tremendous value in property management companies beyond their market size. They make it easier for investors and property owners to not only find the right tenants but to keep them happy.Especially if a property owner is only seeking passive income, rather than taking on a full-time job, it makes the most sense to p...