Chicago Property Management Blog

Acquiring a property occupied by Section 8 tenants in Chicago or its suburbs, such as Country Club Hills, Hanover Park, South Holland, or Flossmoor, can present an excellent opportunity to grow your real estate portfolio. However, it's crucial to familiarize yourself with the full process before finalizing the purchase.In this article, and the accompanying video, I will outline the steps involved in transferring the tenant's Sec...

I often speak with investors who hesitate to change their Property Management firm when they have a Section 8 tenant. They're unsure about the process to follow or are worried about losing money in the transition. I typically have these conversations when they've reached the point of knowing it's time to part ways with their current Property Manager, but the fear of the unknown holds them back.Let me address this concern dir...

Many people have questions about Section 8 and the ins and outs of the Housing Choice Voucher Program (HCV).  The unfortunate part is many of the ins and outs differ slightly from state to state, county to county, and then even city to city.  The differences between Section 8 housing programs are not large, but it is important you pair yourself up with a Property Manager or fellow investor to make sure you avoid the pitfalls o...

We know many of you have, or will have, buildings with Section 8 tenants. We thought it would be helpful if we shared the room requirements (for both bedrooms and rooms in general) for a home/unit occupied by a Section 8 tenant.  There is a lot more required to be approved, however, these are some requirements that you need to consider when looking for or rehabbing properties.  Please click on the link at the bottom of this em...

Mark Ainley was recently featured on this Bigger Pockets podcast with the founder of BiggerPockets.com Josh Dorkin and Brandon Turner. Mark was very excited to be a part of the show. He has been a long time listener of the Bigger Pockets podcast and is also a contributor to their blog. Mark gets to dive in deep to a variety of issues check it out.According to the website, “Mark Ainley brings a fresh perspective on how to successfu...

Working in Chicago with Chicago Housing Authority (CHA) for section 8 tenants can be a very lucrative strategy for your investment portfolio. If you’re specifically a first time landlord to a section 8 program in Chicago, you’ll need to learn more about this process, especially if you are going to take your investment properties and generate income working with a HUD Housing Choice Voucher recipient. In addition, there are m...