Chicago Property Management Blog

When it comes to optimizing the return on investment for your Chicago rental property, it is important for landlords to highlight all the advantages of each unit and make them appear as enticing as possible. However, some rental properties will inevitably present challenges for attracting prospective renters. For instance, it can be ...

As the availability of smart home technology has grown, the popularity of these technological innovations has increased. From lighting to home security to a home comfort system, smart home options can provide greater levels of convenience to residents. However, these smart home technologies are not only convenient in terms of day-to-...

Budgeting for your rental property is crucial to a successful investment. Repairs can sometimes be unpredictable, so it is important to allocate enough funds to handle any unforeseen costs on top of regular maintenance. Below, we’ve outlined some of the most commonly used strategies amongst landlords to budget for repairs.Know Your ...

Winters in Chicago can be long and formidable. Whether it’s the frigid winds or the regular mid-winter snowfalls, ensuring that your Chicago rental property is adequately winterized for your tenants is crucial. Not only is providing your renters with enough heat the right thing to do, it’s also the law. Landlords who don'...

Regular maintenance of rental properties is an expected element of property investment, especially between tenants. However, if your rental property is showing its age or seems lackluster in the context of the Chicago neighborhood where it resides, you might be considering renovations in order to lure high-quality tenants and increase you...

When analyzing a real estate investment, there are many financial variables to take into account in order to be successful. One of the most important questions to answer regarding any rental property is what the appropriate rent amount is.Charging too much for rent in a particular unit can result in increased losses from vacancy while cha...

Purchasing your first rental property can be a lucrative endeavor, but it’s not without financial risks. Knowing what to expect, how to approach acquiring a new property, and which properties will be worth your investment, is key to succeeding with your first Chicago rental property.In this post, we will examine five ways to ensure ...

If a tenant did not pay rent or you incurred significant damages to your property during their lease, you might need to withhold a portion, or all, of a tenant’s security deposit to cover your losses. As a landlord, it is important to understand what you are legally allowed to charge your tenant, as well as the specific laws regardi...

When you’ve decided it is time to sell your rental property, you have two general options: wait for the tenant’s lease to end and they move out to sell to an end-user, or sell your property to an investor while your tenants still occupy it. While selling your tenant-occupied home is an option, it can be more difficult than sel...

Covid has unfortunately made it difficult for many tenants to pay rent. Under normal circumstances, after a missed payment, a landlord has the right to start the eviction process. However, with eviction courts closed and a new Covid-19 Eviction Protection Ordinance in Chicago, the eviction process has become more difficult for landlords. ...