Chicago Property Management Blog

Wondering about the direction of the real estate market? Dive into a recent talk with lender Chris Puleo and Mark Ainley from GC Realty & Development.In the video, Chris Puleo asks important questions for investors today. Mark Ainley, a real estate expert, shares insights from years of experience and understanding market trends.Whether you're new to investing or experienced, this conversation gives practical advice and a look at...

Mistakes will be made. That’s just a fact of being a business owner, real estate investor, or even both. No matter how careful you are, you’ll make a multitude of mistakes over the years. Some mistakes will be larger than others; some will barely register on your oh-shit-meter. But some mistakes will be so bad that you may never share them out of pure embarrassment. This is one of those pure embarrassment stories. I&rsq...

Deciding to move forward with an eviction is difficult, but you pay a lot in time and money too. Most real estate investors know that Cook County and Chicago generally don’t support a landlord-friendly market. The lengthy legal process to remove a non-paying resident from your unit demonstrates that.Throughout the entire process, as the landlord, you must continue to address any habitability issues in the unit. This can include cl...

The Chicago real estate market has some of the best opportunities for investors around the world. Chicago is a world-class metro with huge finance, transportation, and agriculture hubs. That said, if you don't know what to look out for, Chicago can also be one of the toughest cities to manage rental property for both professional property managers and self-managing landlords. Meanwhile, even though you’d think residential...

In 2024, the landscape has changed for Landlords in Chicago and the surrounding suburbs. Over the recent years, we have seen rental applications almost 100% shift from paper to digital format, which makes the process a lot more convenient. However,  that has created additional levels of risk not everyone has the ability to combat, or sees coming.GC Realty & Development Was DefraudedIn 2021, GC Realty & Development fell vict...

The laws have changed and the guidelines you need to follow to lease your place out in Chicago is growing each year. We have been telling people not to rent their place out in Chicago again until they know what they don't know. In this video and below we will break down for you what you need to know if you want to consider leasing your property again.Leasing in 2024 presents new challenges and opportunities for landlords and propert...

If you ever have had to file a claim on your rental property then you know it feels like no one is on your side.  If you need to file a significant insurance claim on your rental property (>$30k) it feels even more lonely? Flooding and fires are the most common claims of this size. Even a small size fire can cause massive damage when you consider water damage from putting it out. Public Adjusters In ChicagoHaving been in Chicago...

Recently we had author, investor, & Bigger Pockets Podcast Cohost David Greene on the show and he told to Straight Up Chicago Investor podcast listeners something that shocked us all.David Greene, a respected figure in real estate, shares a turbulent journey losing control of 50 properties to fraud. Exploiting a website glitch, fraudsters transferred titles and sold them. David faced law enforcement delays and tenants' confusion...

I had the privilege to sit down with Jessica Devries last week and talk about some great real estate investing & business topics. Jessica and I connected in 2023 at a Real Producers Top Agent event where GC Realty & Development works with RP as the preferred Property Management Team for investors in Dupage County.  Jessica and I wanted to meet up to network further so we decided to do so with the camera rolling!  Check...

In today's competitive Chicago rental market, maximizing your investment returns is crucial. While the benefits of professional property management are undeniable, concerns about cost often arise. However, the truth is, that affordable property management solutions exist, and they can unlock significant value for your rental property.Debunking the Myth of Expensive Property Management:The perception of property management as an expe...