Chicago Property Management Blog

Owning your rental Property in an LLC can be a smart decision as a property owner. An LLC can help reduce your overall personal liability, but with anything, it’s important to understand the benefits and drawbacks for your investment purposes.What is an LLC?A limited liability company (LLC) is a type of business structure. It combin...

Any prospective tenant can seem great during the initial walk-through. So it’s important to screen every potential tenant thoroughly before allowing them to sign a lease. A seasoned landlord knows how frustrating it can be to work with a difficult tenant. Whether they are constantly behind on rent, racking up complaints from ne...

The Windy City is a great place to live and invest. Finding the right insurance policy is an important step to protect your rental property from liability. If you occasionally rent out a room in your primary residence, then homeowners insurance might work for you, but if you’re renting your house, a vacation home, or other inve...

Any prospective tenant can seem great during the initial walk-through. So it’s important to screen every potential tenant thoroughly before allowing them to sign a lease. A seasoned landlord knows how frustrating it can be to work with a difficult tenant. Whether they are constantly behind on rent, racking up complaints from ne...

Every landlord faces the question of pricing their rent. Depending on your state, location, city and even neighborhood - finding the right price range to list your property can be tricky for new landlords. Even in Chicago, our city is so diverse. Chicago includes such a wide range and copious amount of properties, it can be a completely d...

Under Illinois’ Executive “Stay at Home” Order, real estate services are included under “essential businesses”. This means people engaged in real estate are permitted to leave their homes to provide these services. This includes real estate brokers and their clients.If you do continue to do business, and meet...

COVID-19 “Coronavirus”, has impacted and affected every major area of our lives. From our jobs, schools, social lives and weekend plans, there is no one that hasn’t been affected on some level. So many of our favorite places to go have been shut down, restaurants, shopping, parks, and more. This has left a lot of people ...

Nowadays, it seems like the majority of tenants tend to come with an animal of some sort. Whether it’s a dog or a cat or a pet fish, it’s important to have a policy in place. Over 50% of all tenants have pets, so having a “no pet” policy can cut your potential tenants in half, increase vacancy, and seriously cut in...

How long have you been in business? We recommend finding a company that has some experience in your market. Have they dealt with fires, tenant disputes, maintenance or utility issues, etc? You’ll want to make sure they have some successful years of experience. Hiring a brand new company that’s just getting started, can le...

So, you want to be a better landlord? Maybe you’ve been running a successful rental - or maybe you’re about to start renting your property… Here’s some things we suggest you consider in order to be the best landlord possibleFind High Quality TenantsNothing is going to make your job easier, than finding t...