Why Should You Use Property Management Companies?

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, you may receive phone calls at any time of day or night due to an emergency. When you have a management company in your corner, they can field the calls for you. You can approve up to a certain dollar amount of repair work to be completed without prior approval to cut down on the wait time of your tenants and your late-night phone calls. This is helpful for both your quality tenants and you as it frees up your time.

High-Quality Tenants

When it comes to finding the right tenant for your home, you want to make sure they are going to be the perfect fit. That can become a daunting task on your own. Working with a Chicago property manager allows you to step back from the process and let someone do the legwork for you. By working with a company, they can perform the necessary credit checks, background checks and interview process to make sure you’re receiving in the perfect tenant for your property.

Reduce Turnover Rates

Renting a home or apartment complex means that turnovers are inevitable. However, when you work with the right property manager, you can avoid a long downtime in the changing of tenants. They can help you to retain the tenants you have with a good relationship by being available even when you can’t be. They also help to have a backup list of potential tenants when they know the apartment is going to be up for rent again soon. While some lag time may be unavoidable, you can reduce the time between tenants with a property management company.

No More Chasing Rental Payments

Let’s face it. Sometimes rent is late due to a variety of reasons. However, when you’re working with a company such as Connected Management, you don’t have to worry about that process of finding your tenant and chasing payments. You can simply sit back and relax knowing that they have you covered. With the online payment system options and rental collection, they can help you to make sure all rents are collected in a timely manner.

Property management companies in Chicago can give you a breath of fresh air when it comes to managing one or multiple rental complexes. Contact Connected Management today to see how they can help you to reduce your stress, increase your personal time for other investments, and help you be a successful rental property owner in the Chicago area.