Chicago Property Management Blog

As a landlord in Chicago and the suburbs, there are several laws and regulations that you must follow. Some of the most important laws that landlords must comply with in Chicago include:1. Chicago Residential Landlord and Tenant Ordinance (RLTO): This ordinance sets out the rights and responsibilities of landlords and tenants in Chicago. It covers topics such as security deposits, rent increases, eviction procedures, and maintenance and...

Creating the GC Realty Experience™ is something that has been in the works for 20 years.  As we celebrate two decades in business in 2023, we have made a deep connection between our company's core values and how we want to make anyone that comes in contact with us feel. What makes The GC Realty Experience™ so special? Every day at GC Realty & Development LLC, we deliver The GC Realty Experience™ throu...

The median sale price for a home in Chicago, Illinois, was $300,000 in January 2023. The same study from Redfin says that 1,283 homes were sold in the same month. Now is the ideal time for short selling your property in Chicago.If you're new to short selling, you might wonder what it involves. What should you expect? What should you look out for?A short house sale can be complex, but our guide will help you. Read on to get started.W...

As a local Property Management firm in Wheaton we have managed hundreds of townhouses, condos, & single family homes in Wheaton since our start in 2003.   If you are renting now or looking to rent your property in Wheaton these are a few things you must know to reduce your risk.City Of Wheaton Rental RequirementsWheaton Rental License Requirement - Good news here is that there is no rental license or occupancy permit requiremen...

As a local Property Management firm in Roselle we have managed hundreds of townhouses, condos, & single family homes in Glen Ellyn since our start in 2003.   If you are renting now or looking to rent your property in Glen Ellyn these are a few things you must know to reduce your risk. Village Of Glen Ellyn Rental RequirementsGlen Ellyn Rental License Requirement - Good news here is that there is no rental license or occupancy p...

Search “Property Management in [insert city]” and expect to get a dizzying number of options in Chicago alone. How do you choose? Read on to learn what you must look for in a Chicago property manager. Property Manager Qualifications Property managers have a very low barrier of entry into the field. To call yourself a property manager in Chicago, you don’t need any previous experience, financial security, or e...

If you're trying to do what's best for your portfolio, getting into real estate is never a bad idea. You can do this by acquiring some real estate investment properties that you can rent out to tenants.The business of property management is growing at a 2% rate today. It's such a big business market because investors always need quality tenants. You need to understand the best way to find a company that can match you with th...

When it comes to owning property, there are a few different options available to you. One of the most popular choices is whether to purchase property in your personal name or through a limited liability company (LLC). Each option has its own set of pros and cons, and it's important to understand the differences before making a decision. In this blog post, we'll explore the benefits and drawbacks of owning property in your person...

As a local Property Management firm in Roselle we have managed hundreds of townhouses, condos, & single family homes in Rolling Meadows since our start in 2003.  In fact, the second rental I purchased was a condo in Rolling Meadows in the early 2000s.  If you are renting now or looking to rent your property in Rolling Meadows these are a few things you must know to reduce your risk. Rolling Meadows Rental License Requireme...

If you own rental properties in Chicago, Illinois, you know how challenging it can be to manage them effectively.From finding and screening tenants to maintaining the property, the responsibilities of a landlord can quickly pile up. Unfortunately, making mistakes in property management can lead to decreased profits, frustrated tenants, and even legal issues.Here, we'll go over some of the most common rental property management ...