Chicago Property Management Blog

It's wonderful that close to 46% of Chicago residents are homeowners.Are you considering purchasing a home in Chicago? Understanding the Chicago market and the process of buying a home is vital.What should potential homebuyers expect when they're browsing Chicago real estate? Read on for the complete Windy City homebuying process.Define Your Home BudgetBefore you start searching for your dream home, it's essential to determi...

The Chicago rental market thrives on dynamism, demanding experienced property managers who navigate its intricacies with skill and confidence. Whether you're a seasoned investor with a diverse portfolio or a first-time landlord entrusting your single property, finding the right management team is crucial for securing peace of mind and maximizing your return on investment.Why Experience Matters in Chicago Property Management:Chicago ...

Are you juggling the demands of managing your rental property on your own? From tenant screening and rent collection to maintenance coordination and legal compliance, the responsibilities can quickly become overwhelming. Consider partnering with a professional real estate management company to unlock a world of benefits beyond simply "renting out your property."Why Choose Professional Management?Self-managing might seem cost-e...

Navigating the complex world of property management in Chicago can feel overwhelming. Whether you're a seasoned investor or a first-time landlord, entrusting your rental property to the right hands is crucial for maximizing your ROI and minimizing stress. But with so many property management companies vying for your attention, how do you choose the best one?Dive into the essential qualities that define top property management servic...

It's shocking that Chicago is short by around 142,000 homes based on demand.Even though buyers are facing lots of competition, this doesn't mean that sellers can slack off. This is where open houses come into play.Do open houses sell houses in Chicago? Read on for a breakdown of Chicago open houses.Home Staging Sets the Scene for SuccessThe art of home staging takes center stage in the quest to sell homes. By arranging and prese...

We're excited to share the exceptional news that GC Realty & Development has achieved a prestigious rank of #13 among the top 20 largest property management companies in the United States, as highlighted in Peter Lohmann's Newsletter. As the exclusive property management firm representing Chicago on this esteemed list, our success underscores our steadfast commitment to excellence, responsiveness, and delivering tailored ser...

2023 was a banner year for our Property Management team at GC Realty & Development.  Underwriting 2194 applications and leasing 324 units we can say we had ZERO eviction filings on any of the 680 tenants approved.  We are taking this opportunity to celebrate where it is fresh for us to reflect and share what we did right.  We started in 2022 by making sure our screening criteria ensure that only the most qualifie...

In 2024, landlords and property managers in Chicagoland and Illinois need to know the new laws. These laws affect their operations. It's important to understand these changes. It's important to follow them. They include different ways to pay, new protected groups, and environmental rules. Doing this will help your rental business succeed and stay legal.New Requirements for Security Deposit In 2024 Illinois will change its s...

Attention all Chicagoland property managers and landlords! The future of transportation is electric, and the Illinois Electric Vehicle Charging Act (EVCA) is making it easier than ever for tenants to charge their EVs at home. This means big changes are coming to the way you manage parking and energy usage in your buildings. But don't worry, we're here to help you navigate the EVCA and stay ahead of the curve.Here's what Chic...

As a property manager in Chicago, staying ahead of the curve is crucial. In 2024, the landscape of accepting electronic payments in the Windy City is undergoing some significant changes, and it's essential to be prepared. Here we’ll equip you with the knowledge and resources you need to navigate these updates and ensure smooth financial transactions for both you and your tenants.The Big Shift: No More Mandatory Electronic Paym...