Fiduciary concerns are often the #1 reason HOA boards seek out a new management company. Discussion points to ensure a property management firm is a good fit for your HOA. An HOA’s decision to change property management companies typically stems from a problem—something isn’t working as it should, or perhaps there is a major project […]
When your condo board decides to hire a HOA management company that doesn't necessarily mean your HOA fees will rise or that there is an inherent problem that needs fixing. Sometimes, condo boards just need a bit of consultation and strategic guidance to ensure that budgeting is on the right track or to get help managing a larger construction project. Check out some of the most common HOA management myths and learn the truth about how such a company can help improve your condo community's operations.
Common Misconceptions About HOA Management Read Full Article »
When evaluating a property management firm, the technology they use is not just a convenience. It directly impacts how your building operates day to day, from work orders and payments to communication and overall resident or tenant experience. Today, 67% of property management companies now use dedicated property management software, making technology a standard part
Property Management Technology: Proprietary vs. Off-the-Shelf Platforms Read Full Article »
Hiring the right property management firm is one of the most important decisions a residential HOA board will make. A good manager protects property values, ensures compliance with governing documents, demonstrates strong fiscal management, reduces board workload and responds to owner needs and interests.
10 Tips for Hiring an HOA Property Manager Read Full Article »
On January 1, 2026, a new requirement under Illinois’ Safe Homes Act took effect, impacting landlords and tenants of privately owned residences. Landlords (building owners or their agents) who rent residences are required to provide all tenants with a “Summary of Rights for Safer Homes.” The summary must appear as the first page of every
New Provision of Safe Homes Act Emphasizes Tenant Safety from Domestic Violence Read Full Article »
Chicago’s commercial rental market is expected to remain steady in 2023, with a slight increase in demand for office and retail space.
Future of Rental Rates for Chicago Commercial Spaces Read Full Article »
To many tenants, landlording seems like a risk-free way to basically print money, an investment approach with precious few downsides. How wrong that idea is! Veteran and neophyte landlords alike understand just how challenging and problematic a task it can become. Just consider the task of acquiring — and then retaining them. Some landlords swear that signing multi-year leases provides them with the best possible return, but does it really just open them up to more risk?
Why Multi-Year Leases Are (Usually) a Bad Idea for Landlords Read Full Article »
Being a great landlord takes time and effort, but it is essential to keeping good tenants.
Six Traits of a Great Landlord Read Full Article »
Every relationship needs a little work. Find out how small changes can help improve the communications between the homeowners in your condo building and your HOA management company.
Improving Communications Between HOA Management & Homeowners Read Full Article »
Whether due to a job change, a growing (or shrinking) family or because hybrid employment allows you to work from Hawaii, you may be faced with deciding whether to sell or rent your residential property.
Sell vs. Rent? The Pros and Cons of Being a Residential Landlord Read Full Article »
