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Managing properties is one of the most challenging tasks for investors. Putting your money at risk is only a part of the job, and for long-term success, investors must have the right service with them. The right property management service can significantly ease your property issues and provide better advice and ROI. How to Choose a Property Manager: Tips to Consider The benefits of property management services are only helpful if you have the right property manager with you. It’s why Chicago property management companies have become so popular in such a short period. As a professional, it’s your job to...

As a property owner or manager of a small to medium Chicago condo, you may feel like a management company is out of your reach. That has never been further from the truth. The benefits that a talented Chicago property management company can bring to your smaller property is just as much as the larger units. That’s where Connected Management comes in. We work specifically with those smaller to medium condo units to help take the hassle out of managing your association. Connected Management takes care of all the minute details so you don’t have to. Take a look below at...

Property management is no doubt a lucrative job, but it comes with a certain set of challenges. As a property manager, you would have to deal with various time-consuming tasks and responsibilities. Nevertheless, knowing about these challenges will allow you to devise a strategy to deal with them accordingly. We'll discuss some of the biggest modern-day challenges for property managers.  Biggest Challenges That a Property Manager Faces Statistics show that the global property management market size will have a valuation of $16.47 billion in 2021. This shows that it is certainly a lucrative industry, but there are certain challenges in the...

Introduction Property rights are one of the most discussed topics among Chicago property management services. Property rights, as the name suggests, include the legal description of the powers over a property. It also covers intellectual ownership and the use of the property in different circumstances. In the U.S., property owners have certain rights that cannot be violated without legal action. Property rights in the U.S. allow individuals to: SellRentDelegateOr even hold the property in some cases. Each of these property rights has its specific role for the property owners, requires special situations, and has legal procedures involved. A professional Chicago condo...

People can hold their properties as residential or commercial, depending on the status of the property. It is also called the property title and determines its legal status. The kind of title your property holds will impact your investment in real estate. 5 Common Methods of Holding a Real Estate Property Title The property title determines several technical aspects, including taxation. There are several titles and methods of keeping these titles for your property. It’s crucial to learn about these methods before contacting a Chicago property management company, and that’s what we’ll discuss in this article. 1. Joint Tenancy Joint tenancy...

Introduction Condominiums or “condos” shouldn’t be something new for you if you’ve been a part of managed communities. While most people think condos refer to homes, that’s not always accurate. The full spectrum of the condos is more much versatile than most people think. It’s why Chicago property management services have become so popular. The Condo Price Index for Chicago shows a substantial price increase over the years and is becoming more prevalent in the real estate market. Therefore, it’s crucial to understand and comprehend the distinctions for buyers who prefer living in condos. In this article, we’ll discuss some major...

Regarded as the third-largest city in the U.S., Chicago is a brilliant place to live in. The city stretches over 234 square miles of land, making it a popular place for residents. Today, Chicago has thousands of residents 2,747,231, (2020), and several fun nicknames, such as: The Windy CityThe Second CityCity of Big ShouldersAnd a lot more Understanding the Cost of Living in Chicago Because of such varied potential in the city, Chicago property management companies have become popular. If you’re planning to move to Chicago or are interested in investment opportunities,it’s a great move. However, learning about the cost of...

Rental Market In Chicago: What You Need To Know The pandemic that started in 2020 has caused a fluctuation in the housing market both for buyers and for sellers. Because of the drastic swing and rise for affordability, the rental market has shown signs of swings as well. Some people cannot afford to purchase a home so they look to a rental company to help them find the best place to live at the moment. Chicago property management companies have seen a shift in rental prices and the market over the past few years. What started in 2020 has bled over...

Why Work With Property Management Companies Investing and owning rental property is a great way to grow your portfolio. However, it can also be quite stressful. When it comes to Chicago property management, it can be overwhelming trying to keep up with it all, much less if you have multiple locations. That is why so many seasoned rental property owners choose to work with a Chicago property manager instead of doing it on their own. As the owner of a small to medium condominium in the city, consider these benefits to working with a property manager in Chicago before you do...

5 Reasons To Consider Hiring A Property Management Company When it comes to your property management in Chicago, it is important to have the right team on your side. While doing it yourself is possible, managing multiple properties is simply easier to do with the help of an experienced Chicago property manager. That’s why so many people turn to Connected Management. For years we’ve helped small to medium condominium owners get the assistance they need to properly manage all of their building locations. Here are five reasons you may want to consider discussing your management needs with us today: Less Stress...

How to Take the Best Pictures of Your Chicago Condominium Pictures are the number one thing prospective tenants look for as soon as they discover your property. They immediately want to see what the space looks like, and if it is decent and clean. Pictures are also the number one thing you as a Chicago property manager want to focus on when you are advertising your property and any available units. Below are some tips for how to ensure your photos are top notch and will surely attract more tenants! Use a good camera or a professional! You do not have...

Common Tenant Complaints and How to Approach Them When you work for a Chicago property management company you probably are prone to many tenant complaints. One of the hard parts of the job is figuring out to handle these complaints in a productive manner. For many property managers, complaints from your tenants can become a nuisance. However, if you ignore the problem it can just become bad for your business. Instead of looking at the complaints as a minor inconvenience, you can utilize these complaints as a way to stay informed of the conditions and any ongoing problems at your property....

What to Avoid as a Chicago Property Manager As a property manager in Chicago you want to make sure your tenants are happy and comfortable. You also want to make sure you are providing quality service and that you are not doing anything that although may seem harmless could result in a poor tenant experience, or worse, a legal matter. There are also simple issues that can be avoided to increase the value and appeal of your property. Here are some common mistakes property managers make that can be easily avoided: Casually dropping in on tenants: Don’t just pop in to...

How to Market Your Property Through Social Media It can be hard to keep up with today’s ways of marketing. No longer are the days of simple ads in the newspaper or posters up in the community halls. The best, and most effective, way to advertise your property is through social media. This means utilizing social media platforms such as Facebook and Instagram to name the most popular ones. If you work for a Chicago property management company you will want to utilize social media to your benefit. It can help advertise your property and showcase your awesome amenities! Let’s first...

Professional Tips to Refine Your Property’s Move Out Steps Having tenants move out isn’t something you ideally want, however, it does happen. It doesn’t necessarily mean you have a high turnover rate, but to keep positive reviews and ensure your now previous tenants have great things to say about you, make sure you make the move out process seamless and quick. When a tenant is moving, they are already stressed out and have a million things to stay on top of. You, as the property manager, can make sure your tenants have a smooth move. This will be better for you...

How to Make Your Property More Appealing to the Newer Generations As the newer generations get older, you will inevitably need to adjust with the times as well. Change can be difficult for those who don’t welcome it, but it is also an important part of being a property manager. You need to make changes and updates that are parallel with the outside world and especially with technology. If your property falls behind with the current trends and updates, it will make it increasingly harder to fill vacancies and attract new tenants. The generation that is mostly renting apartments and purchasing...

How to Build a Happy Community in Your Building When you are a Chicago property manager or owner it is often your responsibility to make sure your tenants are happy. During these times, with COVID-19 and financial struggles, it is important to remember these condominiums are your tenants’ homes. Your tenants want to feel secure, welcomed, and most important, they want a sense of community. Property managers in Chicago can ensure their tenants connect with one another and build a wonderful and welcoming community by doing the following: Have an outdoor or indoor space for gatherings. If your property doesn’t have...

How to Increase Rental Revenue in 2021 Last year was a tough one for everybody, including landlords. If you own rental property, you were most likely hit with a loss of income. As millions of people were laid off from work due to COVID-19, it became basically impossible to travel to vacation rental properties as well as pay monthly rental payments. Help was provided by the federal government, but it has not been nearly enough to make up for revenue losses or help for everyday people. For rental property owners, 2021 will hopefully be a better year. One way to make...

How to Make Potential Tenants More Comfortable with Property Viewing Amidst COVID-19 Operating a rental property is tricky, but add in the COVID-19 pandemic, and the process becomes even more complicated. Even if you have a qualified Chicago property management team, you may find it difficult to find potential tenants for your property due to the virus. Renters may be hesitant to rent from companies if they feel unsafe due to COVID or the rent may be too high due to employment issues. Whatever the case may be, learning how to make potential tenants more comfortable will ensure that your property...

Update Your Rental Properties In 2021 When it comes to managing your Chicago rental properties, there comes a time you’ll need to do some updating. This not only helps to draw in more tenants, but it also helps to increase the property value. There are some great ideas for upgrading your properties in 2021. As a Chicago property manager, you want to keep these ideas in mind for your rental units. Fresh Paint One of the easiest and budge-friendly upgrade options you can do include adding a fresh coat of paint to all of the units. You can update the colors...