Connected Management Blog

Tips for Buying an Established Rental Property As a real estate investor, you may be inclined to buy a property in Chicago that is already inhabited by tenants who’ve been there for some time. When you inherit tenants that are established, it can be quite a daunting task to know how to handle the situation. There are some ways you can make this transition easier by working with the tenants and your property management team in Chicago. You want to get to know your tenants while also informing them of any changes and updates they need to know to keep...

Bring Your Property Management Into The Digital Age! Are you a board member or investor that is still taking payments through a person or through the mail? How do you manage the day-to-day aspects of your commercial or residential properties? Are you really on top of the management aspect as you may think you are? Have you ever considered streamlining the process with digital rental and association management software? All of these questions can easily be answered by working with a property management company in Chicago. You can bring your rental properties into the digital age with software made accessible...

6 Benefits of Hiring a Property Management Company Are you considering investing in rental property in Chicago this spring? If you are looking to expand your portfolio or to get started in rental property investment, you need to consider the immense benefits you’ll gain by having a property management company on your side. While you may think you can manage the condominium in Chicago yourself, there are many advantages to working with a Chicago property management company instead. Take a look below at these six benefits you can obtain by working with a manager. Quality Tenants When it comes to...

Making renovations to your condominium association can be an exciting undertaking. When you envision the changes, it brings you joy! However, you cannot make all of the changes on your own if construction and remodeling is not your specialty. There are also restrictions and risks involved with a board member or unit owner directly performing repairs on a common element of a condo building. In most cases you will need to hire someone to complete the job for your association. When your board is ready to hire a contractor, take these 10 pointers into consideration. 1. Licensed, Bonded, Insured These...

Chicago is one of the United States’ largest cities, ranking third as of the 2010 census. New York and Los Angeles are the only two cities in the US with larger populations than Chicago. However, according to expatistan.com, the cost of living for Chicago ranks 11th in the nation, while New York ranks as the most expensive in 1st place, and Los Angeles ranks 7th. Not too terrible. On the cost of living index where, 100 is the national average, Chicago registers above that average at 112. That equates to Chicago’s cost of living being about 12% higher than the...