Connected Management Blog

As a property owner or manager of a small to medium Chicago condo, you may feel like a management company is out of your reach. That has never been further from the truth. The benefits that a talented Chicago property management company can bring to your smaller property is just as much as the larger units. That’s where Connected Management comes in. We work specifically with those smaller to medium condo units to help take the hassle out of managing your association. Connected Management takes care of all the minute details so you don’t have to. Take a look below at...

Property management is no doubt a lucrative job, but it comes with a certain set of challenges. As a property manager, you would have to deal with various time-consuming tasks and responsibilities. Nevertheless, knowing about these challenges will allow you to devise a strategy to deal with them accordingly. We'll discuss some of the biggest modern-day challenges for property managers.  Biggest Challenges That a Property Manager Faces Statistics show that the global property management market size will have a valuation of $16.47 billion in 2021. This shows that it is certainly a lucrative industry, but there are certain challenges in the...

Introduction Property rights are one of the most discussed topics among Chicago property management services. Property rights, as the name suggests, include the legal description of the powers over a property. It also covers intellectual ownership and the use of the property in different circumstances. In the U.S., property owners have certain rights that cannot be violated without legal action. Property rights in the U.S. allow individuals to: SellRentDelegateOr even hold the property in some cases. Each of these property rights has its specific role for the property owners, requires special situations, and has legal procedures involved. A professional Chicago condo...

People can hold their properties as residential or commercial, depending on the status of the property. It is also called the property title and determines its legal status. The kind of title your property holds will impact your investment in real estate. 5 Common Methods of Holding a Real Estate Property Title The property title determines several technical aspects, including taxation. There are several titles and methods of keeping these titles for your property. It’s crucial to learn about these methods before contacting a Chicago property management company, and that’s what we’ll discuss in this article. 1. Joint Tenancy Joint tenancy...

Why Work With Property Management Companies Investing and owning rental property is a great way to grow your portfolio. However, it can also be quite stressful. When it comes to Chicago property management, it can be overwhelming trying to keep up with it all, much less if you have multiple locations. That is why so many seasoned rental property owners choose to work with a Chicago property manager instead of doing it on their own. As the owner of a small to medium condominium in the city, consider these benefits to working with a property manager in Chicago before you do...