Chicago Property Management Blog

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...

Chicago, IL, HOA Holiday Decorating: Tips for Festive Communities

As the holiday season approaches, Chicago communities come alive with festive lights, wreaths, and seasonal displays. For many HOA-run neighborhoods, holiday decorating is a cherished tradition that fosters a sense of togetherness and joy. However, balancing creativity with commu...

5 Chicago, IL, HOA Home Value Boosters

If you're part of a HOA in Chicago, you might be left feeling like you aren't getting the value for money you deserve. After all, Chicago is known for having significantly higher-than-average HOA fees, along with strict rules for community members.With sky-high fees, you ...

3 Rent Collection Tips for Chicago Landlords

Having an effective rent collection strategy is key to being a successful rental property owner. Unfortunately, an exercise that looks simple can quickly morph into one of the biggest challenges a landlord can face. From chasing late rent payments to dealing with delinquent tenan...

Managing Your HOA Fees Effectively: A Guide for Chicago HOA Boards

Were you aware that close to 30% of homes in Chicago belong to an HOA community, according to Chicago Agent Magazine?Being part of an HOA board means that managing fees is a huge task. These fees can't keep the community healthy if they're spent unwisely.How can your boar...