Chicago Property Management Blog

How Often Should a Landlord Inspect Rental Property in Chicago?

While being a landlord is a great way to increase your passive income, you'll also need to spend money to keep your tenants happy. According to The Independent Landlord, landlords spend around 10-15% of their gross rent on maintenance and repairs. Conducting regular rental pr...

Vacation Rental Hosting Tips for a Five-Star Experience

Think back to the last time you left a five-star review. Maybe it was a performance that left you speechless or your first time at your favorite restaurant.Wouldn't it be great if your vacation rental guests felt that sense of wonder every time they stayed at your property? I...

Unlocking Commercial Property Maintenance Success in Chicago, IL

Are you a commercial property owner in Chicago, IL looking to enhance the value of your investment? Did you know that effective commercial property maintenance is key to not just preserving but also increasing your property value?Maintaining your commercial spaces is not just abo...

4 Tips to Navigate Commercial Lease Agreements in Chicago, IL

Have you ever felt bewildered by the complex language in a commercial lease agreement? You're not alone.Many business owners in Chicago grapple with this challenge, and understanding these agreements is crucial for making sound real estate decisions. When you're looking f...

Tips for Rental Property Accounting Records in Chicago, IL

You're managing a classic Chicago brownstone in Wicker Park. The tenants love it, the rent rolls in - everything's smooth, right? Then tax season hits, and you're drowning in mismatched receipts and late-night spreadsheet chaos.Sound familiar? Don't let sloppy acc...

What's Next After Buying Your First Rental Property in Chicago, IL?

According to the Internal Revenue Service, about 10.6 million Americans earn income from rental properties. American landlords make an average of $97,000 annually. With the right Chicago rental property tips, you could exceed this average!If you're a first-time real estate in...

Optimizing Your Vacation Rental Listing for Higher Bookings in Chicago, IL

Every year, around 50 million people visit Chicago to experience its world-class attractions, festivals, and unique culture. With such a large influx of tourists, vacation rental properties have enormous potential to generate high bookings.However, competition in the market is fi...

Peak Season Pricing Strategies for Vacation Rentals in Chicago, IL

Chicago is an incredibly popular city, attracting approximately 50 million visitors every year (according to an article by Road Genius).Vacation rental properties in Chicago, IL, have a lot of potential, but there's also a lot of competition. You need to use the right tactics...

How to Get Tenants to Renew Leases

It's two months before lease expiration, and you've just realized your long-term tenant may not renew. You're already anticipating the time and expense of finding a new tenant, sprucing up the unit, and dealing with the uncertainty of having it vacant. But what if you...

Owner Disbursements: What Can A Property Manager Do For Me?

You're a property owner with multiple rental units, each providing steady income. But managing all the financial details - tracking rent payments, handling maintenance expenses, and ensuring timely payouts - has become overwhelming. Enter your property manager, who not only t...