Property Management

How Hiring a Property Management Company Affects Your Profit

Hiring a property management company can be a big expense, especially in the short term. It can also save you money in the long run. If you have good tenants, a property in good repair, and you live nearby, you may not feel the need for a property management company. But when you live out of town, lose a tenant, and the property needs repairs, your accredited property manager becomes an important asset.

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Commercial Property Management: Pros & Cons

While commercial property management can offer wonderful returns, the horror stories that surround it are enough to make your hair stand straight up off your scalp, turn white as the driven snow, and then fall out completely. Just consider the 2012 report from The Sydney Morning Herald about the arrest of a ring of criminals manufacturing $15 million AUD worth of drugs out of rental properties. Or the evicted tenant who left the stove on and almost burned down the property. Or a property with an unplugged refrigerator that had been left stuffed with meat — for two whole years.

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Construction Management Process for HOA Renovation Success

Get tips on how to ensure your next HOA construction management project is a success. By following a proven, and often required, process for condo construction projects you can help ensure that the appropriate contractor is selected and that the end results meets everyone's expectations. Learn more about the site review, project specifications write up and process to request bids from the best construction management contractors in Chicago.

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Commercial Lease Buyout: 7 Things You Need to Consider

Whether you have a successful or struggling business, you may find yourself looking to get out of your lease. Your reasons may vary and include anything from needing a different space to requiring a geographical change, from struggling to meet your current rent to discovering that your landlord is more trouble than he or she is worth. In any case, when you’re wondering how to get out of a commercial lease, it pays to know your options — and one of the most important is a commercial lease buyout. 

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