Connected Management Blog

Going Online: How Property Management Can Bring Your Business Into the 21st Century If you are a condo board member, you most likely have a certain way in which you keep track of the association’s records. In the past, boards would keep a filing system in their office and keep track of business dealings by hand. Over the past decade, with the explosion of the internet, things have become more streamlined. Today, condominium management companies can offer members a wealth of services, all online, to ensure success. Programs have been created that can be used to keep track of financials,...

Benefits of Property Management You May Want to Consider When it comes to managing your properties in Chicago, you want to make sure you protect your investment as well as your tenants. Choosing a property management company can be overwhelming and you may think you can just do it all by yourself. While one property can be managed alone, when it comes to boosting your portfolio and running multiple properties, property managers in Chicago can come in handy. Here are a few benefits of hiring a Chicago property management company you may want to consider. Fewer Legal Issues Just one...

Considering Property Management? Here’s What You Need to Know! When it comes to property management in Chicago, you want to know that your investment properties are well taken care of. Not only have you invested time and money into the property, but you also have multiple tenants that have to be taken care of so they stay in your condominium for years to come. Doing all the day-to-day tasks that come with property management can be overwhelming. This is especially true when you have multiple properties that are spread out across Chicago. One way to ensure that everyone is taken...

Rent Collections: How a Property Manager Can Help As a rental property owner, you rely on the monthly rent paid by your tenants. The rent payments collected will be used in a variety of ways, such as paying for the property mortgage, upkeep, insurance, etc. When you own multiple properties, you must take great care to ensure rental payments are made on time. When they are not, you will have to charge a late fee and continue with the collections process as needed. Often times when working by yourself, the process of collecting rent can become difficult. With the help...

Rental Property Problems You Don’t Anticipate As a rental property owner, you have certain expectations for your business. You know that you will stay busy with the upkeep of your property, handling tenant needs and investing back in your business, but there are problems that coincide with rental properties that you probably have not thought about. If you own one or two rental properties, then you should be able to easily manage the needs of the business. However, once you begin investing in several properties, you will soon find that you are overwhelmed by all there is to do. Once...