Connected Management Blog

Rent and COVID-19: How to Help Your Tenants During This Time of Crisis As a rental condo owner, the current market is a difficult one to navigate. Across the world, people are under stay at home orders, with millions of people having lost their employment status. In the US, the federal government has provided stimulus funds, but many people still have not received this money, nor is it enough to sustain everyday life. With your rental properties, you may begin to see your tenants have a hard time paying their monthly rent. Use your Chicago property management company to work...

Preparing For Fallout Of Covid-19 As a property owner or manager, you’re probably seeing some of the fallout of the COVID-19 pandemic already. Perhaps you’re dealing with tenants who’ve paid rent for April but May has now arrived. What do you do if you’re not receiving rental payments during this time? How can Chicago property managers prepare? Here are a few things to look for as you approach a new month while still on lockdown in many locations. Know Demand Is Dropping Your rental demand may be on a decline. This is a trend that was shown in the last...

Why Should You Work With A Property Management Company? Taking care of your own condominium is both exciting and overwhelming. There are many aspects of managing a property you must consider when it comes to taking on that job yourself. While you may feel you can handle all of this on your own, hiring a Chicago property manager can help you do so much more than you imagined. Here are a few reasons you should consider working with a Chicago property management company such as Connected Management. Free up your time – Managing an investment property such as a condo...

Five Things to Ask Your Potential Chicago Condo Management Company If you are seeking a Chicago property management company for your condominium association, it is essential to ask the right questions during your search. You want to find out as much information as you can in order to ensure you hire the right team to care for your association. A property manager in Chicago will be responsible for the day to day operations of your property, including taking care of board member and resident needs, collecting assessments and coordinating maintenance schedules. For your board of directors to be successful, the...

Advance Your Rental Property Business by Hiring a Property Manager If you own a rental property business, then your goal is to use the properties you own to make a profit. To do this, you need to have a steady stream of tenants and no vacancies, tending to tenants’ questions and concerns as needed. As a property owner, you can only handle so many properties. If you begin to become overwhelmed with tenant needs, its time to bring in the experts. The only way you will be able to advance your business is to hire a property management in Chicago...