Connected Management Blog

If you’re curious about working with a property management company in Chicago, you’ve come to the right place. You’ll be able to see all the benefits of hiring a management company and what you want to know before making the leap. Chicago property management doesn’t have to be complicated or stressful. You can own and manage many different properties without having to worry about late night phone calls or interruptions to daily life. Benefits of Property Management In Chicago For starters, you can rest assured knowing you have quality tenants and shorter vacancy times. A property management team in Chicago will...

Property management in Chicago is one of the most in-demand businesses. Investors are pitching in millions of dollars every year in business. There’s a variety of different management services that are also operating in the area, making it a quickly growing industry. According to official records, the property’s square footage contributes around 30% of the property value. However, several technical issues might arise when dealing with real estate. Understanding Property Management Most people working in Condominium management in Chicago have hired a professional property manager who operates on the owner’s behalf. They can take over different roles using the written authorization...

As a condo board member, you’re probably stressed out and frustrated even if you have a property manager on your side. That’s why it’s important to find a Chicago property management company that can take that frustration out of the process for you. You want to ensure that you have someone you can trust, that you can count on and that you can walk away from the hassles and headaches knowing they’ve got you covered. That’s why so many condo boards and owners just like you work with the experts at Connected Management. The team here strives to offer services that...

One of the biggest challenges with Property management in Chicago is that the property landscape changes occasionally. The right property management in these situations can help minimize issues and increase the earning potential from these properties. What are the Most Important Aspects of Property Management? Identifying the right property management aspects is the key to long-term sustainability in business. According to stats, the market value increased by 7.78% in 12 months. These experts believe the increase could continue in the upcoming months. In these circumstances, here are the most important aspects of property management you should consider. 1. Effective Data Management Data...

Many people are hesitant to hire a property manager. Can someone care for your property as you do? In fact, leading Chicago property management companies are skeptical of hiring someone new for their business. After all, wrong hiring can be significantly damaging to a business. Of course, you can’t guarantee a manager will be perfect for your property or company. However, a good manager should have three qualities. So, without further ado, here are three major qualities of a skilled and good property manager to look for, whether you are a property owner or a property management company. What Makes a...

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...

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 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 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...

Management Tips For The Holidays As the holiday season is fast approaching, there are a few property management tips you can utilize to help make the season festive and safe. There are a few items you can keep in mind to help you to be a safe property manager in Chicago. It’s important that you are making sure your tenants are reminded of the tips they can use as well. If you’re ready to make sure your condo in Chicago is ready for the season, here are some guidelines to ensure it is done. Heat Working Make sure that the heat...

Breaking the Lease: What To Do If Your Tenant Never Moves In Finding quality tenants is hard enough to do on your own. What happens when you find a tenant that decides at the last minute not to move in? This breaking of the lease before moving in could happen due to a number of reasons. For example, they may have transferred their job or had an emergency come up that they weren’t expecting. Whatever the case is, how do you respond? What are the steps you should take to ensure you don’t get left in the dust? There are many...

Top Tips for Advanced Tenant Screening Veteran rental property owners will agree that the key factor to long-term profits is quality tenants. Once you find a good tenant, you can be set with a renter for years. It is important to implement advanced tenant screening in your rental process and avoid cutting slack to individuals who which to rent from you as you may lose out in the end. By following a few top tips below and continuing to work with your Chicago property management company, you can be successful in your renting endeavors. Develop Qualification Criteria and Document It Of...

Questions to Ask Potential Property Managers Managing a multi-family property on your own can be overwhelming. It can also be quite frustrating to try and find a property management company in Chicago that you can rely on. However, there are a few questions to keep in mind when you’re interviewing management companies that will help you weed out the candidates quickly. Be sure that you keep these in mind and ask them if you’re looking at hiring a property manager in Chicago. What type of tenant relations do you offer? – What type of tenant services do they provide? You may...