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Chicago Property Management Blog

How GC Realty & Development Began Managing Properties on The South Side Of Chicago

Mark Ainley - Monday, December 14, 2020
How GC Realty & Development Began Managing Properties on The South Side Of Chicago

As a Property Management and Real Estate Brokerage firm, we weren’t always in the business of managing properties on the South Side of Chicago, or even the southern suburbs.  Our initial intention up until 2009 was to never step out of the Western & Northwestern suburbs, which was our comfort zone.  Being born in Elmwood Park, raised in Addison, having lived in Schaumburg for many years, and then Elgin for many at that point we knew these parts of Chicagoland well. Especially between 2003 and 2008 where we did over 500 real estate brokerage deals in just our first 5 years of opening the doors.  

In a blog post I wrote on Bigger Pockets in 2016, I relayed the story of how and why we stepped outside of our comfort zone and started managing properties in Chicago.  The start of the great recession triggered an opportunity for us as investors which rolled into the story of how we had a decision to make on how to handle management going forward.  

Just this week the producers at Bigger Pockets added this blog to their daily Podcast schedule for anyone to listen to. Check it out and let me know if you have ever faced similar decision points in your life.

You can check out this Podcast at:

If you want to listen to the best Chicago specific podcast to learn more about investing in real estate in the Chicagoland market then check out any of our recent podcast episodes.

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Author

post.authorName
Mark Ainley
Investor, Managing Broker, and Property Manager
Price is what you pay, Value is what you get! I want to provide value to others and make some money along the way. I have a solid foundation in Chicago real estate because I am a Real Estate investor in both Residential and Commercial/Industrial markets while being a founding partner at GC Realty & Development LLC and co-host of Straight Up Chicago Investor Podcast. In the last 20 years we renovated 500+ properties, invested in commercial properties, managed over 7000 units/tenants, leased...
Price is what you pay, Value is what you get! I want to provide value to others and make some money along the way. I have a solid foundation in Chicago real estate because I am a Real Estate investor in both Residential and Commercial/Industrial markets while being a founding partner at GC Realty & Development LLC and co-host of Straight Up Chicago Investor Podcast. In the last 20 years we renovated 500+ properties, invested in commercial properties, managed over 7000 units/tenants, leased over 4,000 properties, featured on CNBC’s TV show The Deed, co-host on Chicago's AM560 Real Estate Revealed Radio Show, and invited to speak & sit on panels at numerous investment summits across the country. I have also been blessed with the opportunity to be a guest on over 30 top podcast platforms. GC Realty & Development, LLC, currently manages over 1,200 investment properties throughout the Chicagoland area. In 2019, 2020, 2020 and 2022, GCR&D was featured on the Inc. Magazine list of top 5,000 fastest growing companies in the United States. I take great pride in providing valued feedback to beginners and less experienced entrepreneurs on what steps not to take or what steps to take sooner in growing a younger business.
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