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Chicago Property Management Blog


7 Out Of State Real Estate Investor Pitfalls To Avoid

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As a local property manager here in the midwest, and more specifically the Chicagoland area, we have been part of (or witnessed) thousands of investors buying in our local Chicago market while residing out of state. Investors from around the United States, and the world, find the midwest attractive because one can still purchase an investment property and exceed the 1% rule.These 7 pitfalls can be avoided or negotiated before closing es...

5 Reasons Why You Shouldn't Sell Your Investment Property in Chicago

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Thinking about selling your investment property in Chicago? Think again. While there are many reasons to sell off a rental property, there are better reasons to hold onto one.In this article we'll clear the air, giving you five excellent reasons why you should hold onto your investment property and how we can help make the process easier for you.1. You Have a Positive Cash FlowLet's start with the obvious. Rent prices continue t...

How to Double Your Income Through Cash-Out Refinancing?

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The BRRRR Method is an investment strategy that allows you to expand your real estate investment portfolio at a rapid pace. When executed correctly, it has the potential to deliver a tremendous return on your initial investment. Also known as the Buy, Rehab, Rent, Refinance, Repeat Method, this strategy involves fixing up a distressed property and then refinancing it without closing costs (often through a cash-out refinance), in order t...

Everything You Need to Know About Property Taxes in Illinois

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Property taxes: nobody likes thinking about them.Unlike other investments, you likely do not know exactly where your money is going when you pay property taxes in Illinois. While they can be frustrating, property taxes are used to fund most services that local governments provide. That includes schools, libraries, and municipal services.If you are looking for a primer on how property taxes work as a business owner or real estate investo...

What Is An Roi Calculator And How Can It Help You With Your Real Estate Investment?

How much of your money do you think you’re getting back from your real estate investment? You may say, I put in $100,000, so I'm making $100,000, right? Not necessarily. Your ROI, or return on investment, could be much different than that if your cash flow isn't optimized. That's where an ROI calculator comes in handy. Get Started Using Our ROI Calculator Today The concept behind ROI calculators for real estate is...

Straight Up Chicago Investor Podcast Visits Local Investor Group: Chicago West Suburban Real Estate ...

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As co-host of Straight Up Chicago Investor Podcast we are welcomed with open arms to visit local real estate networking events and share what we know and what we have learned from our 100s of guests on the podcast.  This past month we were fortunate enough to present at John Warren’s Chicago West Suburban Real Estate Investors group.  The group typically meets in person at a Forest Park or Berwyn location but this meet u...

GC Realty & Development, LLC Ranks No. 139 on Inc. Magazine’s 2022 List of the Midwest Region’s ...

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Experiences Three-Year Growth of [63.2%]Roselle, Illinois, 03/25/22 – Today Inc. magazine listed GC Realty & Development, LLC, a full-service Chicago Property Management and Brokerage firm, as No. 139 on its annual Inc. Regionals Midwest 2022 list. “We’re pleased to be named to the Inc 2022 Midwest Regional’s List.” said Bryan Sonn, partner of GC Realty & Development, LLC . “Our continued...

Information You Must Know About Illinois Property Taxes

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Are you looking to get a better understanding of how property taxes work in Illinois? Check out our guide that explains how Illinois property taxes work, what the different tax rates are across the state, and how to contest your property taxes if you feel like you’re being overcharged. Property tax rates differ by county & township, so make sure you understand how they work!About Property TaxesProperty taxes are levied by stat...

The Biggest Benefits of Owning a Rental Property

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Real estate is wildly popular as an investment choice in the United States. About 35% of Americans say it’s their preferred long-term investment. That’s because of the sector’s stability over the years.One of the best things about real estate investing is that you can choose from different investment types. A considerable percentage of investors opt to invest in rental property, and you should, too. In this blog, ...

What You Must Know About Mortgages and Interest Rates in 2022

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The last few years have been anything but normal. The recent volatility of mortgage interest rates has understandably made many buyers skittish. But with careful planning and the right team of experts, you can still get reasonable rates even with wild markets. To do that, we’ll share a few things you must know about mortgages and interest rates in 2022. Buying during Interest Rate VolatilityA lot of buyers have gotten sticker...
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