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New to Investment Property? What You Should Know About a Property Manager If you are new to an investment property, you are probably trying to learn everything you can about the business. You want to do well and succeed, easily finding and maintaining tenants to ensure you can turn a profit with your investment. Have you looked into property management services in Chicago yet? If not, the option is certainly something to consider. A Chicago property manager can help to maintain the success of your properties by dealing with tenant need and the upkeep of your investments. Learning more about this...

Why Should You Use Property Management Companies? When it comes to renting out a home or apartment, it can be a very overwhelming experience. If you have multiple properties, you will have another full-time job on your hands beside your everyday 9-5. Working with a Chicago property manager can assist you in giving you a break from the day-to-day tasks of owning an investment property. Whether you’re newly starting out or you’re a seasoned professional, here are a few reasons you should consider hiring a property management company in Chicago. No Midnight Calls As the owner and manager of your property,...

Five Things to Ask Your Potential Chicago Condo Management Company If you are seeking a Chicago property management company for your condominium association, it is essential to ask the right questions during your search. You want to find out as much information as you can in order to ensure you hire the right team to care for your association. A property manager in Chicago will be responsible for the day to day operations of your property, including taking care of board member and resident needs, collecting assessments and coordinating maintenance schedules. For your board of directors to be successful, the right...

5 Benefits of Having a Property Management Company As a hands-on landlord, you may soon realize that you become overwhelmed with the day to day operations of your many rental properties. Relying on property management in Chicago will allow you to avoid weekend maintenance calls and directly dealing with tenant issues. There are many benefits to having a property management company caring for your rental properties. If you are on the fence, consider the benefits below to see just how help can ease stress and tension you may be feeling dealing with the operations of your properties on your own. Screening...

5 Tips for Spring Maintenance When it comes to your Chicago condominium, it is important to stay up to date with your cleaning and maintenance needs. During the spring months, the season is a perfect time to get started on projects that may not have been conducive to complete during the winter months. Below are a few tips to get you started with cleaning and maintaining your condo unit during the spring season. Painting Refresh During the spring, the temperatures start to rise, bringing about warmer weather. The warmer temperatures create the perfect environment for painting. If your condo is empty...

5 Tips to Remember When You’re Looking at Chicago Rental Property When searching for Chicago rental property, there are a few key factors to keep in mind. By learning what to watch out for, you can make the best decision when purchasing rental property. Making smart moves will provide better potential for turning a profit, which is what you want to do with your new venture! Location One of the key factors that must not be missed is location. You can’t just buy property anywhere! It is important to consider the location of any property and how the rental will be...

5 Tips for Buying Rental Property When it comes to rental property, the industry can be quite lucrative. If you know how to purchase the right property at the right price, you can easily begin to earn a living with renting vacation homes, apartments, residential dwellings or commercial buildings. Learning the best tips for rental property ownership is a great way to get started. Check out five tips below to ensure your venture is successful. Location is Essential When searching for rental properties, the location is essential. It would not make sense to purchase a residential home in a sketchy neighborhood...

Benefits of Being a Rental Property Owner Owning rental property can be extremely rewarding. From starting your own rental property business to having extra funds to use for savings or children’s college education, you can easily use rental property as an additional source of income. If you are considering becoming a rental property owner, getting to know the benefits can give you the push needed to start your venture. Extra Income One main benefit of owning rental property is the extra income. If you are fortunate enough to own the property outright, then the rental income you bring in will be...

Before You Buy Rental Property in Chicago If you’re considering buying rental property to increase your portfolio, there are a few things you should keep in mind. Rental property can be a valuable and profitable investment if you do it the correct way. Whether you choose to hire a property management agency in Chicago or if you choose to go it alone, here are five things you should take into consideration. Remember the 1% Rule of Thumb Anyone who has ever invested in property will tell you to remember the 1% rule. This is that your property/investment should give you a...

Why Choose Connected Management for Your Chicago Property Needs When it comes to managing a property for rental income, it can be a daunting task. There are so many things you need to do and to remember, you can get swamped easily and have things fall through the cracks. This is even more possible when you’re managing multiple properties on our own. This is where a Chicago property management company such as Connected Management comes in. They provide you with a variety of services that can assist you in making sure all your tenants are taken care of, and your property...

Rental Property Owner Newbies: How Will You Manage Your Chicago Properties? Newbies to the rental property business are always excited to get started. There is nothing like purchasing a rental property, fixing it up and then finding tenants. The extra source of income can be live changing and for many, a new career path. As you get started, have you thought about how the property will be managed? If you are a new rental property owner with an existing job, you may find that the process of managing your property becomes overwhelming, especially when you have more than one property or...

Tips to Keep Solid, Quality Tenants in The New Year When it comes to retaining tenants, it is one of the most important aspects of your job as an investor or property manager. You want to make sure that not only do you keep tenants that pay, but that you keep tenants that are in the home for the long run. There are a few Chicago property management tips to put into place when it comes to retaining those quality tenants you have or may gain in the new year. Take a look at these tips below to help you reduce...

New Year's Resolutions for Property Managers As a property owner in Chicago, it’s important that you have all your “ducks in a row” as the New Year approaches. Looking back on 2018, consider some of the changes you’d like to make. Have you gotten yourself and your tenants on a set schedule for items such as maintenance, rent collections, etc.? What type of renovations do you want to do? It is important that you set goals for the New Year and that you work out a plan with your property management company to make 2019 the best year you can. Here...

5 Things to Do Before Buying Rental Property When it comes to investing, it can be an exciting but stressful adventure. Perhaps you’re not sure what you want to invest in. On the other hand, you may have already decided that you want to invest in property. Maybe you’re even looking to invest in available rental property in Chicago. If that is the case, then these five tips will help you know what to do when it comes to investing. You don’t want to jump in without an idea of what it entails, what the benefits of a property management company...

Property Management During the Holidays Being a Chicago property manager can be overwhelming any time of year. Add in the huge Christmas holidays, and you’re downright frazzled! To make sure that you and your property survive the winter holiday season, here are a few tips to remember when it comes to Chicago property management. Be Accessible However busy you may be, you always need to have some way for your tenants to contact you. Whether it’s an emergency plumbing problem or something else, tenants need to be assured they can reach their property manager when needed. If you’re working with a...

Streamline Your Property Management Services by Going Online Having a rental property business is a great source of income but comes with great responsibility. Property owners need to have management services in place to ensure the property operates in an efficient manner. From taking tenant payments to handing maintenance needs, a property management company is an essential component to success. To streamline your management even further, going online with services is key. With online Chicago property management services, your business has a data center, able to easily handle and care for your tenant needs. A property management company that uses an...

Tips to Improve Your Condo Rentals in Chicago When it comes to property management in Chicago, it’s important that you make sure your condominium is appealing to future tenants. There are a few ways you can improve the property without breaking the budget. Here’s a guide to help you get the most out of your condominium property management. New Color Take a look at the building and the units that you own. Do you have any color on the walls or accenting the area? A fresh coat of paint can work wonders to liven up a room. You can always go...

Busy Holiday Season? Utilize a Property Manager! Being a condo board member in Chicago is a wild and exciting ride in itself. It can be downright overwhelming if you are part of a self-managed association. There are the residents’ issues to take care of, financial bookkeeping, maintenance needs, emergency repairs, and so on. The list is quite long but when you throw in the busy holiday season, it can be too much for most people. That’s why it’s important that you take advantage of condo management services in Chicago year-round. Not only can they help you make sure you don’t miss...

Going Online: How Property Management Can Bring Your Business Into the 21st Century If you are a condo board member, you most likely have a certain way in which you keep track of the association’s records. In the past, boards would keep a filing system in their office and keep track of business dealings by hand. Over the past decade, with the explosion of the internet, things have become more streamlined. Today, condominium management companies can offer members a wealth of services, all online, to ensure success. Programs have been created that can be used to keep track of financials, maintenance...

Benefits of Property Management You May Want to Consider When it comes to managing your properties in Chicago, you want to make sure you protect your investment as well as your tenants. Choosing a property management company can be overwhelming and you may think you can just do it all by yourself. While one property can be managed alone, when it comes to boosting your portfolio and running multiple properties, property managers in Chicago can come in handy. Here are a few benefits of hiring a Chicago property management company you may want to consider. Fewer Legal Issues Just one tenant...