Are You Struggling to Manage Your Apartment Rental?
Being a property owner is an exciting adventure. Being an investment property owner can be both exciting and quite overwhelming. When you’re first getting started with rental property, you may feel as you don’t need to hire a property management company. You probably feel like you can do that part on your own. After all, why spend money if you don’t have to?
However, most investment property owners soon find out that managing a Chicago apartment rental is not as easy as it might seem to start with. You have to constantly be on call for anything and everything that may pop up. If you’re struggling with the day-to-day of managing a property, here are a few reasons you should consider hiring a company such as Connected Management.
No More Missed Dinners
How many times have you sat down to eat dinner with family or friends and received an emergency call from your property? If you haven’t yet, it’s coming. That is one way that a property manager in Chicago can help you. They can take those calls and handle the emergency for you while you enjoy your dinner before you. Those calls don’t just come at dinner or during business hours either. They can come at all hours of the night. It is important that you have someone your property tenants can reach when they need to, and that’s where your manager comes in.
Vacancies cost you money. When a tenant moves out, you want to have someone waiting to fill that spot or you lose money. That can be hard to do if you’re not constantly having a pool of quality tenants. However, when you’re looking for tenants you have to run credit checks, background checks, rental history and more. That can be quite time consuming. This is just one aspect of renting an apartment out to a new tenant.
When you work with Connected Management, they can take care of all that for you. They can have you a quality tenant lined up so that all you have to do is sign the lease agreement. They take the work out of finding them so you can focus your attention on building your portfolio or other tasks at hand.
Repair and Maintenance
Someone has to be able to communicate with the maintenance repair technicians when it is needed. Instead of you having to schedule an entire day with multiple people, your manager can do it for you. They can make sure that all your needed repairs and maintenance are done on schedule and for a great price. By working with a property management company, they know who to use for these types of jobs and who to avoid.
Another aspect of renting out Chicago apartments is the monthly rental collection process. It can be quite frustrating when you have to chase down a tenant for their rental payment. Having a Chicago property manager on your side will prevent you from dealing with that at all. They can offer online options for your tenants to pay rent, so no one is having to chase a check down.
Contact Connected Management today to see how you can benefit from their services. Stop struggling to manage your properties and start enjoying your investments.