If you own rental properties in Chicago, it’s important to hire a property manager. A quality management company will reduce your workload and maximize the return on your investment. A local firm will know the city’s laws and regulations, and will have a network of contractors to perform routine maintenance. A good Chicago property manager will also be familiar with tenant-landlord law and can provide guidance on the legalities of renting property in the area.
The following property management companies are located in the Chicago area:
GC Realty & Development, LLC offers residential and commercial property management services. The firm provides rental analysis and reports to help set rental rates, as well as screens applicants and assists with lease approvals and renewals. It also handles move-in and move-out inspections, rent collection, and maintenance issues. GC Realty & Development, LLC operates in the western and northwestern suburbs of Chicago.
The Property Management Group of Illinois works with both single-family homes and multifamily buildings. It has over 20 years of experience in the industry and can handle all aspects of real estate management, including marketing, rent collections, tenant screening, financial reporting, and maintenance work. The firm has a database of tenants and offers a website that allows residents to pay rent and submit maintenance requests online.
Chicago Edge Property Management Chicago property managers works with both residential and commercial properties. Its managers help clients find tenants to fill vacant properties, assess potential tenants’ credit, and handle the eviction process when necessary. Its team can also help with property repairs and renovations to increase the value of a home or commercial building.
Property management companies must be licensed by the state of Illinois. They must also have insurance that protects them in case of a lawsuit. Additionally, the company must maintain a record of all communications with tenants. If a property management company fails to comply with these rules, the state may revoke its license.
Finding the right property manager can be difficult, but it’s important to consider many factors, including experience, reputation, services offered, fees, communication technology, and staff. You should also look at a company’s past clients and reviews. The most successful companies have a strong track record and a positive reputation in the market.
The following property management companies are based in Chicago:
Real Property Management has been in business since 1989. The company has over 850 residential units under management, as well as several industrial properties and retail space. Its employees are licensed, insured, and bonded. They are trained in compliance with all federal, state, and local regulations governing the management of real estate. They also have extensive knowledge of the Chicago area and understand the unique characteristics that make this city an attractive place to live. Real Property Management has an excellent customer service reputation and provides monthly and annual reports. It also handles rent payments and collects security deposits from tenants. Its services are available to homeowners and investors throughout Chicago.