Chicago Property Management Blog

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...

Choosing the Right Association Management Company: Factors to Consider

It's always better to choose a professional to take care of your community management, rather than bungling through it on your own. Association management companies will ensure all community amenities and solutions are on point without you ever lifting a finger.Even if not ea...

Financial Reporting Made Easy: Effective Budgeting and Reporting for Property Managers

Becoming a landlord should afford you financial stability, but budgeting is the key that unlocks this possibility.Budgeting and financial reporting are two of the most important things landlords can do with a property manager's assistance. Read on to learn about property fina...

Top Tips for Attracting Guests to Your Vacation Rental in Chicago

Renting out a residential home or an apartment to travelers is a great way to earn a source of partially passive income, generate profits to slowly build your real estate portfolio, or help with mortgage payments on an investment property. But to unlock this happy state of affair...

Essential Guide to Listing Your Home for Rent in Chicago

Currently, around 54% of families in Chicago rent their homes, making it a great place to own an investment property. The average rent is getting close to $2,000, and there are lots of great opportunities for work and other amenities. But to find the right tenants who'll pay ...