Chicago Property Management Blog

Investing in DuPage CountyAn earlier video we talked about investing in DuPage County and how it's tough to really go wrong, having investment there. And I want to dive in a little deeper into certain things I like about DuPage County or certain areas, more specifically. You have a lot of very expensive towns that almost make investing not realistic. The numbers don't work, but there's a lot of towns that surround those citi...

To make your life easier, we've put together a list of the requirements for bedrooms and other rooms in units occupied by Section 8 tenants.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 email which will take you directly to a Section 8 inspection checklist. Section 8 Bedroo...

The statistics about how Americans save for retirement are startling. According to one study, the average American of retirement age has an annual income of $38,000.If you want to live on more than that when you retire, you’ll have to either save more of your income or start generating a steady source of secondary income. Many people fund their retirement by investing in the world of rental leasing. Leasing out a rental prope...

In and around Chicago, village restrictions play a larger role in the investor’s life cycle when it comes to owning real estate. Below are just a few items you should be aware of as a landlord:Point Of Sale Inspection - A Point Of Sale Inspection (POS) is an inspection the village requires before a seller of a property finalizes a sale on that property. Per a village ordinance, the village will inspect the property to be sure...

As soon as you hear the word real estate, your mind will likely jump to residential real estate or commercial real estate—and that’s what this article will cover!When considering your next career step, you may find yourself asking the question: should I become a residential real estate agent or commercial real estate broker? These two types of real estate are vastly different in their focus and duties, but both have many pos...

Although Mark Ainley now runs one of the most successful Property Management companies in Chicago, at first he had no interest in that side of the real estate business....continue reading Click Here to download.GC Realty & Development currently has two offices, one serving the Western Suburbs of Chicago and the other serving Chicago's South Side.Although he now runs one of the most successful Property Management companies i...

As of September 2022, the average rental vacancy rate in the United States is 5.6%. This number reflects the percentage of rental properties that currently do not have a tenant.If you’re investing in a rental property, your goal should be to avoid vacancies whenever possible. The best way to do that is to convince tenants to sign renewal agreements.Lease renewals keep your rental payments coming in regularly and prevent you from h...

Here are four questions that will help you find a good property management company.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 time rent payments? Pay stubs? Do they look into their social media accounts? Do they call references? You really want to d...

As a business owner, I have learned over the years that I need to rely on data to make decisions. I learned early on that my gut instincts couldn’t tell me all the information I needed if I wanted to grow my company.In January of 2020, I wrote a blog that was posted to Bigger Pockets. The post contained information that I had acquired over an eighteen month period while talking to over 300 investors across the country. I prop...

84% of landlords say that their biggest worry when it comes to renting properties is payment issues. There are many reasons why a tenant may have issues paying their rent - but wouldn't it be great if you could find out that this might be an issue before renting to them? That's where credit checks come in. By looking into a potential tenant's credit report, you'll have a better idea of whether they'll be a ...