Often when I speak with investors about property management, one of the first questions I get asked is, “how much are your fees?” I think that question quickly comes up in a conversation for two reasons:PRICE DRIVEN – maybe the investor is price driven, and they will go with whatever the lowest price is on the surface. T...
You're asking yourself, should you hire a property manager? You're trying to decide if you should manage your own property or hire a professional property manager to do it for you. Some people are not that good at managing properties. That's a pretty common problem. They put the property on Craig's List and Facebook. They&...
We're not the right Property Management company for everyone.We receive many inquiries into our business each day from people interested in our Chicagoland Property Management services. As it turns out, we aren't good fits for most - a large majority, in fact - of these inquiries. Even if you have the right propert...
Renting your home quickly is the best way to increase the return on your investment. Today we have some ideas to help you rent your home to the highest quality tenant in the shortest period of time.First, take a look at the condition of your property. You want fresh paint, clean surfaces, well-manicured landscaping, and attention to detai...
We believe there are the four questions you should ask a property management company before hiring them. Number 1: What is their tenant screening process? How do they screen them? Take me through what their process looks like. What's included? Is it a full criminal, credit, eviction, background check? Do they require proof of on...
Whether you are considering your first rental property or just closed on your 50th, you have many decisions to make relating to how you will manage your investment. Keep that pink bathroom or tear it out? Update the landscaping yourself or hire help? One of the questions you may not have considered is whether or not to hire a property man...
Homeowners looking to rent out their properties want to know when they get paid and how they get their money when working with a professional property management company in Chicago. That’s an important question, and today we’re providing some insight into how we do things and handle your finances.Property Management Chicagolan...
One of the questions we are asked most frequently is – what happens if my tenant doesn’t pay rent? This is an understandable concern for landlords, and today we’re sharing some ideas about how a property manager will handle a nonpaying tenant. Treat Your Property as a BusinessWhen you are a landlord or you own inves...
There are some things to consider, however, which may lead you to realize that hiring a professional can be better for you and your property. Risk ManagementWhen you manage your own property, you are taking on 100 percent of the risk. If you work with a professional property manager, you are passing on a large part of that risk. If s...
When we begin working with new clients, they often ask if they should allow pets, or they tell us they don’t want to allow pets at their rental property in Chicagoland. We always advise them to keep an open mind. You have a large part of the population with at least one pet, and those tenants are looking for rentals that will accomm...
