You own one or possibly multiple Chicago properties in the big city and you’re trying to do all the maintenance yourself. Have you gotten overwhelmed yet? While it’s admirable to try and maintain all the properties by yourself, as a property owner in Chicago, your best bet is to hire a property management company to handle all those tasks for you.
There are many benefits to hiring a management company that can handle the day-to-day tasks of maintenance and rent collection for you. Take a look below to discover all the perks you’re missing out on by trying to maintain all the properties in Chicago you own by yourself.
Let’s face it. As a condominium owner, you can miss items that can cause problems for your tenants. If you have a long list of maintenance needs, something may go unattended to and that can leave a bad reputation with your tenants. They can start to believe you don’t care about them or the building and that can raise issues with the future tenant. You never want your tenants to believe that you’re a slumlord. You want to make sure that everything is covered in a timely manner. By working with a reputable and experienced property manager in Chicago, you can avoid any misunderstandings.
If you’re not constantly having to work on the properties yourself, that gives you more time to invest in other areas of real estate. You can go out searching for more condominiums to grow your portfolio or simply invest in other areas.
While you might be very handy in certain aspects, there are some items of maintenance that are above your skill level. As a property owner in the Chicago area, you may not know anything about servicing HVAC units, replacing electrical wiring, or plumbing issues. Trying to do a repair on your own that you know little about can actually lead to more costly repairs down the road. It’s best to use a professional to get those types of items taken care of properly and in a timely manner. You do not want your tenants to go without air conditioning, heating, or water. That can lead to legal troubles for you.
Taking care of multiple properties, tenants, and maintenance issues can cause you a huge amount of stress. That’s on top of the regular day-to-day items such as rent payments, inspections for safety, and replacing tenants when they leave. By hiring a property management company in Chicago, you can have peace of mind that all your maintenance needs for every single tenant are taken care of.
If you are the only maintenance person for your properties, you will run out of time in your day. When you have multiple Chicago condominiums, the maintenance job is never done. You may be getting phone calls at all hours of the day simply because you’re the only person they have to turn to. That can wear on you quickly. By working with an experienced Chicago property management team, you can leave those phone calls to someone else.
If you’re finding yourself running ragged due to the maintenance needs of your property, be sure to contact Connected Property Management. They can help you get started on your peace of mind and relaxation as a property owner, while all your tenant's maintenance needs are taken care of.