Chicago Property Management Blog

Do you feel overwhelmed with all the responsibilities of being a landlord? From selecting tenants to ensuring rent is paid on time, rental property investing can be a stressful but lucrative opportunity. There is good news! With an experienced property manager in the Chicago area, not only will you have more time to focus on other endeavors, but you can enjoy financial freedom. Continue reading to learn more. Your Propert...

I read an article online written by a Realtor in which she described how her business was taken to the next level after reading the book, Ninja Selling, by Larry Kendall. In just under a few months, she had gained new clientele through applying the strategies explained in the book.Less than a month later, I stumbled upon a Podcast that described a similar success story, the author having read this same book as well. I brushed off these ...

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Investing in DuPage CountyAn earlier video we talked about investing in DuPage County and how it's tough to really go wrong, having investment there. And I want to dive in a little deeper into certain things I like about DuPage County or certain areas, more specifically. You have a lot of very expensive towns that almost make investing not realistic. The numbers don't work, but there's a lot of towns that surround those citi...

To make your life easier, we've put together a list of the requirements for bedrooms and other rooms in units occupied by Section 8 tenants.There is a lot more required to be approved, however, these are some requirements that you need to consider when looking for or rehabbing properties.  Please click on the link at the bottom of this email which will take you directly to a Section 8 inspection checklist. Section 8 Bedroo...

The statistics about how Americans save for retirement are startling. According to one study, the average American of retirement age has an annual income of $38,000.If you want to live on more than that when you retire, you’ll have to either save more of your income or start generating a steady source of secondary income. Many people fund their retirement by investing in the world of rental leasing. Leasing out a rental prope...

In and around Chicago, village restrictions play a larger role in the investor’s life cycle when it comes to owning real estate. Below are just a few items you should be aware of as a landlord:Point Of Sale Inspection - A Point Of Sale Inspection (POS) is an inspection the village requires before a seller of a property finalizes a sale on that property. Per a village ordinance, the village will inspect the property to be sure...

As soon as you hear the word real estate, your mind will likely jump to residential real estate or commercial real estate—and that’s what this article will cover!When considering your next career step, you may find yourself asking the question: should I become a residential real estate agent or commercial real estate broker? These two types of real estate are vastly different in their focus and duties, but both have many pos...

Although Mark Ainley now runs one of the most successful Property Management companies in Chicago, at first he had no interest in that side of the real estate business....continue reading Click Here to download.GC Realty & Development currently has two offices, one serving the Western Suburbs of Chicago and the other serving Chicago's South Side.Although he now runs one of the most successful Property Management companies i...

As of September 2022, the average rental vacancy rate in the United States is 5.6%. This number reflects the percentage of rental properties that currently do not have a tenant.If you’re investing in a rental property, your goal should be to avoid vacancies whenever possible. The best way to do that is to convince tenants to sign renewal agreements.Lease renewals keep your rental payments coming in regularly and prevent you from h...