Chicago Property Management Blog

We all know about the numerous laws either being proposed or already enacted affecting housing providers and investors. Groups like the Illinois Association of Realtors, the NBOA, CAR, and others are working every day to keep laws fair and protect the people. Gideon Blustein, is the director of member outreach for the Illinois REALTORS and talks through some of the current issues at the forefront of everyone's mind as well as how we...

Lee Kiser is the co-founder of Kiser Group, a member of the Forbes Real Estate Council, and a wealth of knowledge in the Chicago market (and a local musician!). In today’s episode, Lee provides his thoughts on how today’s hot market differs from 2005, how institutional and private money has altered apartment investing in Chicago, and what neighborhoods are on the rise.Key points:Today vs. 2005Which neighborhoods are on the r...

One of the most important allies to an investor is the broker they work with. Gloria Weikert runs the X-Plus team and has a specialty in helping clients buy investment properties. In today’s episode, Gloria gives some insight on what it takes to win deals in a competitive market that go past just offering more money; breakdowns of different neighborhoods; tenant and rental profiles in varying neighborhoods as well as plenty more.K...

With nearly 30 years of experience as a broker, Frank Montro, the King of Chicagoland, shares his thoughts on how the industry has changed from the early ‘80s through today. While touching on strategies his team uses to generate business, and cementing what it takes to succeed, Frank gives a compelling presentation that is certain to teach you something about winning in Chicago. Do NOT play with your money, work with an expert and...

Be honest and ask yourself..what have been my excuses thus far for living the life I want? Farrah Ali was a single mom who found herself in debt and working full time. However, that did not deter her from financial freedom. Listen to her incredible story and how it has impacted a variety of areas in her life. She details even more of this in her book, “Diaries of A Female Real Estate Investor.”Key points:How to decide which ...

We know lots of our readers are interested in all aspects of Section 8. Since 2020 the Section 8 Housing requirements have not changed, but make sure you stay informed. We have built a Section 8 Housing resources page on our website to help answer any questions our readers might have. https://www.gcrealtyinc.com/section-8-housingSection 8 Bedroom Requirements Each bedroom must have a window that opens to the exterior of the bu...

Let me start by saying: I do truly believe in the use of property management from the investor standpoint. But I know plenty of poorly run property management companies exist that make the really good ones look bad. You could also provide many examples where you don’t need a property manager to be successful. I would agree with many of them. In fact, in this article I list five reasons why you don’t need a property manager.&...

Once again Investors in Chicago are going to have to pivot their business operations or even the entire model with the new rules that went into effect June 1, 2021.  This time the changes are for property owners that are renting out their condos, apartments, and homes to short term guests such as properties on the well known AirBnb and HomeAway platforms.  With this new regulation, the City Of Chicago is requiring the short te...

Numerous landlords harbor inquiries regarding Section 8 and the intricate details of the Housing Choice Voucher Program (HCV). Unfortunately, these intricacies vary slightly across different states, counties, and even cities. While the disparities between Section 8 housing programs are not substantial, it is crucial to align yourself with a Property Manager or fellow investor to ensure you avoid the pitfalls when considering a Section 8...

You hear everywhere how the housing market has a shortage of houses for sale and huge buyer demand. For someone getting into house hacking, the search can prove even more difficult. Just finding a two-, three, or four-flat building to house hack can prove super difficult. When you do find something, affordability becomes a factor because, real talk, Chicagoland has a pretty high cost of living. You may find yourself wondering how should...