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Top Ways to Highlight the Sellable Features of Your Rental Property When it comes to a rental property, there are going to be features that make it attractive. A waterfront view, large bathrooms, open floor plan, etc.  As a rental property owner, it is important to determine the sellable features of your property and promote them when you have a vacancy. Pushing the high points will attract new tenants and hopefully help you fill vacancies as quickly as possible. Below are a few top tips to get you started. Work with your Chicago property management team to begin highlighting the best...

Affordable Ways to Upgrade the Curb Appeal of Your Chicago Rental Property The exterior of a property is the first thing people see. When it comes to rental properties, the exterior must look it’s very best so that potential tenants will want to go inside for a look around. As a rental property owner, you must take as much care with the outside of your property as you do on the inside. Upgrading the exterior with simple solutions can help make your property more appealing and bring in renters when you need them most. Landscaping Maintenance The landscaping of your rental...

Top Tips on Showing Tenants Appreciation to Build on Your Rental Investment When it comes to investing in real estate property, a good tenant is a must. When you have multiple properties, the goal is to have a long list of quality tenants so you create a steady stream of income for your business. Finding good tenants can be done by working with Chicago property managers as well as taking the time to show your tenants that they are appreciated. Keeping your good tenants happy will help to earn revenues from your properties as well as receive referrals for new tenants...

Is Your Chicago Property Management Company Working for You? If you are a rental property real estate investor in Chicago, you most likely have a property management company handling your day to day operations. This helps to streamline your investments and you can spend time looking for other properties to purchase. To be successful, you need a quality Chicago property management team by your side. Have you evaluated your existing property manager lately? Are they working for you? It may come as a surprise that once you begin to look into the services you are supposed to be provided, that the...

Smart Ways to Grow Your Rental Property Business When it comes to investing in rental property, you can start small with just one dwelling, but soon find that there is money to be made and want to invest more. You can easily grow your rental property business into a successful company, but you must make smart decisions along the way. With a few of the top tips, you can grow your business to new heights, adding more properties to your portfolio and giving your Chicago property management team a lot more facilities to manage! But how do you get started? What...

Marketing Your Properties: How to Use Social Media to Your Advantage When it comes to marketing rental properties today, social media is a top option. Millennials are the larger clientele demographic and they use social media frequently for their consumer needs, such as shopping and rentals. The best way to find millennials for your properties is to focus on social media marketing. Use a Chicago property management team to not only provide quality services for your property but up your game and include social media management as well. Promote Your Available Properties By setting up a company social media page on...

How to Create and Enforce a Guest Policy Within Your Condo Rental As a rental condo owner, you are responsible for the people who live within your building. It is important to screen potential tenants carefully and craft an agreement that clearly defines the residents in the space. While operating your condominium, you may find that certain tenants have guests that you think are temporary visitors. But what do you do when they become an ongoing occupant within the property? Tenant and Guest Definition A tenant is the person or persons that you have signed a contract with to pay rent...

Building a Better Reputation as a Rental Property Owner When it comes to being a successful rental property owner, you must build a solid reputation. With a strong reputation, you can keep your rental properties booked when it comes to vacation options or have long-term tenants inside residential dwellings. But how do you build a better reputation? What can you do to ensure your success? Quality Properties To begin, you must offer quality properties. You can’t just buy any old property and try to rent it out. You must be strategic with your investments and keep your properties in the best...

Dealing with Mold: How Property Managers Can Help When it comes to being a board member for a condominium association, you never know what will come up next. From resident issues to broken plumbing pipes, a busted HVAC system or electrical problem, it always seems to be something. Most problems can be handled quickly and at an affordable rate, but there are other issues that can arise that require professional assistance and more care than others. Mold is a major problem that can occur in a condo complex and must be dealt with correctly to avoid any major issues or added...

Condo Management 101: Understanding the Power of Social Media As a condo rental owner, you most likely promote your rental locally via flyers or perhaps classified ads. You may even use radio advertisements to get the information out to the local public about your property. While these options can work, today’s tenants are basically online only. One of the best options for promoting your rental property is with social media. Learning how to use the many options or rely on your Chicago property manager to do it for you, will ensure that your property is noticed and occupied long-term. Update Your...

Why Are Property Maintenance Services So Critical? If you operate a rental property by yourself, you may be considering hiring a Chicago property manager. With property management services, you have professional assistance in the day to day operations of your rental properties. This option is critical to your business being successful. Newbies to the rental property world quickly become overwhelmed and need help dealing with everything from tenant issues to the maintenance of the building. Learn more about how property management services can help so you can spread the workload and lose a bit of stress from going it alone. Tenant...

Increasing Rent: How to Go About Raising Prices For your Property If you are a condominium rental property owner, you are leasing your facility to make money. Over the years, you may offer a set price only to find the market has changed. When a property is located in a hot area, the rental price can be increased which helps you to earn more for your condo. But how do you go about increasing the rent, especially with long-standing tenants? Weighing the pros and cons is important in order to make the right business decision for an increase in property rent....

5 New Renovations You Can Do in 2020 As a property owner, it is important to renovate your buildings from time to time to stay fresh and current. When it comes to rental properties, it is important to update your spaces so that tenants will want to stay in place. Whether you have a vacation rental property, apartment building or another type of dwelling, renovations can add value as well as keep tenants in place. As 2020 begins, consider these options for renovation to upgrade your property to the next level. Refresh the Exterior The first aspect of your property to...

New Year Property Management Checklist A new year is approaching quite fast and it’s time to check your apartment for some upcoming renovations or maintenance. If you’re working with a property management company in Chicago, they can handle all of these items for you. Below you’ll find a list of a few things that need to be done on your building as the new year approaches. Check Filters – This may be part of your regular maintenance agreement as the building owner. If not, make sure your tenants are changing out their filters for any HVAC unit they may have. If...

How Can A Property Manager Help During The Holidays? Being a property owner in Chicago can be exciting and rewarding. However, it can also be overwhelming when you’re an investment owner, especially during the holidays. If you’re trying to run your building by yourself, you may find that you’re missing out on your everyday life with friends and family. That is where a property manager in Chicago can come in. During the holidays, you want to be able to know your tenants are taken care of and so is your personal life. That is why working with a team such as...

Managing a Property In The Winter When it comes to managing your investment property, there are a few things to keep in mind. If you do not have a property management company in Chicago, you’ll need to be the one in charge of these items. These tasks are something to take on before they become a huge problem. Remind Your Tenants of Safety Be sure that you work with your tenants and share fire safety and prevention tips with them each winter. They need to be reminded of small tips here and there that could prevent a huge tragedy. Items such...

4 Signs Your Property Manager is Not Working for You When hiring a Chicago property manager, you expect a certain level of service. You are placing the operations of your rental properties into their hands and you want to see a successful outcome. During the hiring process, you most likely tried to weed out the less than stellar companies and chose a quality option. However, you must do your due diligence to ensure the property manager is working for you in the best way possible. Below are a few signs to watch out for so that you can ditch your current...

Why Should You Work With A Property Management Company? Taking care of your own condominium is both exciting and overwhelming. There are many aspects of managing a property you must consider when it comes to taking on that job yourself. While you may feel you can handle all of this on your own, hiring a Chicago property manager can help you do so much more than you imagined. Here are a few reasons you should consider working with a Chicago property management company such as Connected Management. Free up your time – Managing an investment property such as a condo takes...

Characteristics to Avoid in Condo Management Companies For most board members, it is essential to hire a property management company to maintain your condominium association. In the beginning, a board may try to go it alone, but over time, you quickly realize the demand is too much for self-management. By hiring a Chicago condo manager, you have a team that assists in the day to day operations of your community. When searching for a property management company, there are certain things you want to avoid. Reach the tips below to see what to watch out for when interviewing property management groups....

5 Questions to Ask Your Property Manager When owning property, it is important to have a qualified property manager working for you to help maintain the successful operations of your rental. Whether you own an entire apartment building or several residential dwellings, commercial space or vacation spots, it is essential to have a qualified individual or team keeping your property in check. Once you have a property manager in Chicago caring for your investments, it is important to ask questions from time to time to make sure the daily operations are running smoothly. Follow the suggestions below to ask the right...