Connected Management Blog

Advantages of Online Record Keeping in Property Management Whether you’re a property owner or manager, there are many advantages to going online with your record keeping. Chicago property management has never been easier than when you work with the talented associates at Connected Management. Here you’ll find the latest technology available to you in keeping all of your reports in one convenient place. There are many benefits to this service, and you can discover more about them below. Everything In One Place The sheer convenience of this technology is a huge advantage to property owners and managers. Everything is all in...

Rent and COVID-19: How to Help Your Tenants During This Time of Crisis As a rental condo owner, the current market is a difficult one to navigate. Across the world, people are under stay at home orders, with millions of people having lost their employment status. In the US, the federal government has provided stimulus funds, but many people still have not received this money, nor is it enough to sustain everyday life. With your rental properties, you may begin to see your tenants have a hard time paying their monthly rent. Use your Chicago property management company to work on...

Preparing For Fallout Of Covid-19 As a property owner or manager, you’re probably seeing some of the fallout of the COVID-19 pandemic already. Perhaps you’re dealing with tenants who’ve paid rent for April but May has now arrived. What do you do if you’re not receiving rental payments during this time? How can Chicago property managers prepare? Here are a few things to look for as you approach a new month while still on lockdown in many locations. Know Demand Is Dropping Your rental demand may be on a decline. This is a trend that was shown in the last RealPage...

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...

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 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...

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...

6 Must-Ask Questions Before Hiring a Property Manager When it comes to hiring a property manager in Chicago, it is essential to hire a company that is experienced and knowledgeable, offering you everything needed to ensure rental success. When you are on the hunt for a property manager, there are key questions you can ask to find out more about what the company or individual can offer you. Jot the questions below down and use them as your guide to find the best property manager for your rental property business. #1. How Long Have You Been in Business? To begin, find...

Advantages of Working with a Property Management Company As a small to mid-size condo owner in Chicago, the everyday tasks of management can be taxing. You may be under the impression that you can do it all on your own. While that is possible, it is not always the best option to take. There are many advantages to allowing an experienced property management team in Chicago to take over those daily tasks for you. Below you’ll see some of the many advantages of working with a company such as Connected Management. Through experience and skill, they have built a team that...

Property Management Don'ts As a property investor or soon to be one, you’ve probably heard all the “do this and do that’s” out there. However, have you ever heard what NOT to do when investing in property? Maybe not. So here’s your chance! Being a property manager in Chicago can be quite stressful, but it doesn’t have to be. Be sure you take a look at these don’ts when you’re hiring a management team, investing in more property, or just starting out. Don’t Micromanage Hiring a Chicago property management team is a great way to take the stress off of you...

Choosing Your Property Management Team When you’re an investment property owner, taking care of all of the day-to-day tasks can take over your life. There’s the everyday maintenance, rent collection, repair emergencies, and dealing with finding new quality tenants. What if you could thrive as a property owner? What if you could get rid of all the stress and hassle of the everyday property management tasks in Chicago by working with a talented team? That is exactly what happens when you choose the team at Connected Management. They are highly trained and experienced in making your life easier when it comes...

5 Things You Should Know Before Buying Investment Property So, you’re considering buying a property to rent out to other tenants? That is a great way to build your investment portfolio and to offer something to your community. However, there are many things you should know before you get started. Whether you already have your eye on a Chicago property or you’re just getting started, keep these five things in mind before you buy your investment locations. Keep Your Emotions Out As hard as it is, you must not buy a property with your heart. You must be logical about the...

How Do You Keep Good/Quality Tenants in Chicago? Being a property owner of investment property can be an exciting prospect. If you’re new to rental property investment, you may have pipe dreams of how it should be. You may think that you’ll find perfect tenants and that they will live there forever. While that would be fantastic, that is not how Chicago property management actually works. Too often you’ll find that the good tenants don’t stay and the tenants you want to move in, are few and far between. So, how can you keep the quality tenants you do find? How...

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...

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...

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...

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...

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...