Connected Management Blog

Increasing Rent: How to Go About Raising Prices For your Property If you are a condominium rental property owner, you are leasing your facility to make money. Over the years, you may offer a set price only to find the market has changed. When a property is located in a hot area, the rental price can be increased which helps you to earn more for your condo. But how do you go about increasing the rent, especially with long-standing tenants? Weighing the pros and cons is important in order to make the right business decision for an increase in property rent....

5 New Renovations You Can Do in 2020 As a property owner, it is important to renovate your buildings from time to time to stay fresh and current. When it comes to rental properties, it is important to update your spaces so that tenants will want to stay in place. Whether you have a vacation rental property, apartment building or another type of dwelling, renovations can add value as well as keep tenants in place. As 2020 begins, consider these options for renovation to upgrade your property to the next level. Refresh the Exterior The first aspect of your property to...

New Year Property Management Checklist A new year is approaching quite fast and it’s time to check your apartment for some upcoming renovations or maintenance. If you’re working with a property management company in Chicago, they can handle all of these items for you. Below you’ll find a list of a few things that need to be done on your building as the new year approaches. Check Filters – This may be part of your regular maintenance agreement as the building owner. If not, make sure your tenants are changing out their filters for any HVAC unit they may have. If...

How Can A Property Manager Help During The Holidays? Being a property owner in Chicago can be exciting and rewarding. However, it can also be overwhelming when you’re an investment owner, especially during the holidays. If you’re trying to run your building by yourself, you may find that you’re missing out on your everyday life with friends and family. That is where a property manager in Chicago can come in. During the holidays, you want to be able to know your tenants are taken care of and so is your personal life. That is why working with a team such as...

Managing a Property In The Winter When it comes to managing your investment property, there are a few things to keep in mind. If you do not have a property management company in Chicago, you’ll need to be the one in charge of these items. These tasks are something to take on before they become a huge problem. Remind Your Tenants of Safety Be sure that you work with your tenants and share fire safety and prevention tips with them each winter. They need to be reminded of small tips here and there that could prevent a huge tragedy. Items such...