When you're a landlord, rental properties typically require a lot of maintenance to keep them in tip-top shape. Because landlord maintenance responsibilities are specified by landlord-tenant law, knowing who is responsible for what and when in advance will eliminate the guesswork.
Property Maintenance Responsibilities and Considerations: Who Handles It Read Full Article »
After a year of skyrocketing rental prices, the growth rate has dropped to its lowest level since 1Q 2021, according to the National Association of REALTORS®’ January 2023 Commercial Insights Report.
Finding and Keeping Quality Tenants: How a Property Management Can Help Read Full Article »
The holiday season in Chicago officially kicks off each year with the spectacular Magnificent Mile Lights Festival.
Benefits and Protections for Managed Buildings During Public Events Read Full Article »
The retail property market was hit especially hard by the pandemic.
Fill vacant retail space with pop-up tenants Read Full Article »
With mortgage interest rates rising and rental properties commanding higher rents, some property owners are tempted to become landlords.
Rental Property Maintenance Costs You May Not Know About Read Full Article »
Mixed-used development has seen a resurgence as urban centers look for ways to revitalize central business districts post-pandemic.
The Future of Mixed-Use Development in Chicago Read Full Article »
The single-family rental market is hot. Realtor.com’s chief economist, Danielle Hale, projects rent price growth will likely remain elevated well into 2023.
Seven Steps to Prepare Your House as a Rental Property Read Full Article »
Don't let a current condo owner try to manage the needs of your condo community! The cost of a Chicago real estate management company is easy to justify when you weigh all of the time that such a role requires. Here are just a few of the many reasons why your HOA should hire a team of experienced real estate management professionals ASAP!
Why Your HOA Should Hire a Real Estate Management Company Read Full Article »
Being a successful landlord requires the ability to plan for all the routine and unexpected rental property expenses, starting with maintenance. But for many new landlords and investors, preparing an accurate rental property budget is easier said than done. Landlords often overlook many property maintenance variables when estimating rental income and profits. Sadly, some end up losing their properties as a result. As a landlord, the following rental property budget template should help you put aside enough cash for those inevitable “rainy days.”
Property Maintenance: How Much Should I Budget? Read Full Article »
Finding the right property manager can take time, but is well worth the effort. Get our list of five warning signs that it may be time to cut ties with your existing property manager and seek a new partnership!
10 Signs You Should Hire a New HOA Property Management Company Read Full Article »
