Connected Management Blog

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...

Rent collection is a major part of property management in Chicago and condo management. It’s what reels in your return on investment from the property you buy. However, collecting rent from tenants can be particularly challenging for property owners and managers. If you’ve struggled with a problem like this, it’s understandable. The average rent in Chicago is around $2000, which puts much money at risk without the right collection methods. What Tools Do You Employ That Allow Tenants To Pay Rent? New landlords and property managers don’t necessarily know the best tools for rent collection. Therefore, we are here to help....

Finding a new tenant for your Chicago property can be overwhelming. You may not be sure how to properly vet a tenant before they are in the home. You may also wonder what actions you can take if they aren’t paying their rent, what regulations to follow and more. All of that can be easily answered when you have a Chicago property manager on your side. Working with an expert in the industry can help you find quality tenants that will be long-term in your condominium. You need to know that there are certain questions you can ask and some that...

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...