Chicago Property Management Blog

The cost of housing in Chicago is higher than in some other cities in America, which makes it difficult for low-income individuals, and families alike, to afford rent. Whether you are a property owner in Chicago or someone looking for a place to live, chances are you’ve heard of Section 8, also known as Housing Choice Vouchers (HCV). As a real estate investor in Chicago, we know you have questions about how the Section 8 hous...

As a Landlord, I can find myself losing sleep at night when one of my tenants has gone “bad”. By going “bad”, I mean that they have stopped paying their rent, stopped communicating with me, and are no longer flexible to any type of a win/win scenario. A tenant can go bad for a number of reasons that can be either within or outside of our control. We have a multitude of experience dealing with “bad” te...

I wanted to update everyone on where things are at with Rental Eviction Moratorium here in Chicago and the surrounding suburbs here in Illinois.  As of the date posted this is the most up to date information available.  Illinois Moratorium - Governor Pritzker has the statewide moratorium that will run through October 19, 2020.City Of Chicago - The City Of Chicago has a citywide moratorium that will extend 60 days past the...

What is the BRRRR strategy when investing in real estate?  This is actually an acronym that breaks down the steps of a specific real estate investing strategy.   This investment model is a popular way for people to invest in properties where they can add value and keep as little of their own money in a deal as possible. The main goal is to have the least amount of personal capital in a deal after the refinance step.  This...

What does it mean to be a BRRRR investor? First, lets answer the question: ”what is BRRRR?”  This is actually an acronym that breaks down the steps of a specific real estate investment strategy. The aforementioned investment model has become a very popular way for people to invest in properties. Value can be added to the property and the owner can spend minimal amounts of their own funds. B-BuyR-RehabR-RentR-Refina...

GC Realty & Development, LLC manages investment properties for a total of 360 owners. Within that total, close to 300 of our owners are now located out of state or out of the country.  Not all of our owners are true real estate investors, some were living in their home here, moved away, and turned their property into a solid investment.  Owners who live elsewhere in the country, or the world, will find this article especia...

I recently had the opportunity to speak with Emil Shour and Michael Albaum, both from Roofstock. We took the time to dive deep into investing here in the Chicago real estate market. This specific episode is perfect for investors who are looking to gather more information about opportunities here in the Chicagoland market. https://remoterealesateinvestor.podbean.com/e/market-deep-dish-dive-chicago-illinois-with-mark-ainley/Chicago i...

The current year has been unpredictable and challenging. There are many new laws and ordinances that have been passed these past few months that Landlords must be aware of. The new Chicago ordinance under the CRLTO has added another layer to that unpredictability in the real estate investor market here in Chicago.As of July 2020, here are the new guidelines you must follow to stay in compliance as a Landlord in Chicago. If you are curre...

As a business owner, real estate investor, or even both, there will be a multitude of mistakes that you will make over the years. Some mistakes will be larger than others, and some mistakes will be so bad that you may never share them out of pure embarrassment. This story I am about to share is one that I have kept to myself for the last three years. With the current eviction moratorium, and Cash for Keys being a viable option for many ...

This year, for the second year in a row, GC Realty and Development, LLC is honored to have been included in the Inc. 5,000 Fastest-Growing Private Companies in America, ranking  in the 2,861 spot. Considering there are nearly six million private companies in the country, it’s safe to say these firms truly form a unique group.  It all began in 2003 with an idea that was simple, yet unique for a small business; Create a co...