How much does a Chicago Property Manager cost?

As advertised on this website, our monthly management percentage is between 7-10% with a minimum of $100.00 per unit, per month. Multi-unit properties with rents under $1,250.00 will be treated on a case by case scenario.

How quickly can I expect a response from my Chicago single point of contact Property Manager?

We have Trademarked the phrase “Chicago’s Responsive Property Manager®️” and we take that term seriously. We track our teams’ email communications for initial response times. We also monitor the status through completion of any email requests received from both residents and clients (owners). Our owner's handbook, which we will share, states that we will be back to you the same day if you are in touch with us before noon CST, and by the next morning if after noon CST. However, more often than not, it is much quicker than that.

How long has your Chicago Property Management company been in business?

GCR&D has been in business since 2003, and consists of 3 partners. Check out this article, https://www.gcrealtyinc.com/blog/what-our-companies-logo-stands-for, that goes in depth of our company history and what our logo stands for. We incorporated our firm in 2003 as an S-Corp and restructured it in 2006 as an LLC. We started our Property Management division in 2005.

What types of property and types of investors does GCR&D manage for in the Chicago area?

We manage Chicago residential properties from single condos to large apartment complexes for private owners. We also manage retail, industrial, and office commercial properties.

Does the State of Illinois require a Property Manager to be licensed?

Yes, Property Managers perform tasks that are considered licensed activities. We have held our Managing Broker License since 2003. All licensed companies can be verified on the State of Illinois license lookup page.

Do you manage both short-term and long-term rentals in Chicago?

At this time we only manage properties for owners who are seeking long term rentals. We do not manage any vacation rentals, AIRBNB, or furnished properties.

How long will it take to lease my Chicago property?

If we price the rental rate to be in tune with what is going on in the local market and the property shows well we can generally rent your home in 3-4 weeks.

Will you advertise and show a property while it is occupied, or do you insist on properties being vacant before you will start advertising them for rent?

Prior to Covid19, we were beginning to market properties in advance of the current tenant moving out. This has currently been placed on hold for the remainder of 2020 out of an abundance of caution for our current tenants, potential tenants, and leasing team.

Chicago Property Management, Chicago Homes for Rent

PRICE IS WHAT YOU PAY... VALUE IS WHAT YOU GET!

See why we’re the natural choice for property management in Chicago and surrounding areas.

No Fees
During
Vacancy

Right Solutions
The First
Time

Chicago's
Responsive
Property
Manager®️

Stress Free
In-house
Maintenance

Easy To
Do Business
With Us

97%

Average
Occupancy Rate

0.09%

Tenants Evicted We Screened
in last 12 Months

16.8

Average Days
List To Lease

Business Hour
Response Time

500+

Five Star Reviews

6.75

Average Years
Clients Work W/Us

Years
In Business

425+

Clients Currently
Under Management

TRUST THE INDUSTRY LEADER IN PROPERTY MANAGEMENT

CHICAGO’S RESPONSIVE PROPERTY MANAGER ®

GC Realty & Development LLC is committed to providing quality and ethical service. Consistent and effective communication is the launching point for the absolute best client experience. We understand how crucial communication is and it is the pinnacle in our way of doing business. It is important to us that our clients feel confident in the professional management of their investment and to offer a level of service and professionalism that is unmatched by our competition.

We have coverage all over the Chicago Area including Kane, Cook, Lake, Mchenry & Dupage County as well as a large portion of the city including downtown Chicago.

Free Consultation

our proven process

1. No Charge Consultation With Mark Ainley

Initial discussion on if GC is the right fit
Q&A on the property management process
Preview or Walk Property
Rent Ready Walk & Scope Discussion

2. Determine The Rental Rate

Owner Orientation
Property Onboard & Data Collection
Additional Q&A
Introduction to Owner Portal Access
Concludes W/Launch Call With Property Manager

3. New Resident Unit Prep

Prepare & Execute Rent Ready Scope
Work Completed Enhancing Tenant Experience / Work Order Prevention
High-Quality Marketing Pictures & Tours Completed
Marketing Syndicated

4. Resident Qualification

Credit, Eviction, & Background checks
27 Point Applicant Measurement
Approval / Denial Granted
Lease Signed & Move-in steps completed

5. Relax and Start Earning Income!

Continued Oversight of Issues or Issue Prevention
Monthly owner payouts and updates
Emergency response

STRAIGHT FORWARD PRICING

GCR&D Management fees may vary and are quoted on a case by case basis to ensure we are meeting your needs,
but listed below are the current rate ranges for residential management.

Blank Space	Resident Placement Only	Full Service Management
Tenant Placement Fee	One Month’s Rent	One Month’s Rent
Monthly Management Fee	N/A	7-10%
Enhanced Marketing
Advanced Tenant Screening
Account Setup Fee
Rent Collection
Move-in Inspection

Explore Our Pricing

WHAT WE DO AS YOUR
CHICAGO PROPERTY MANAGER

Marketing
& LEASING

Our objective is to obtain qualified applicants in the shortest amount of time and to receive the highest amount of rental income the market will bear.

Tenant
Screening

We understand the key to a successful business relationship is placing a qualified tenant in the property. We do this by going above and beyond what other companies generally do.

Rent
Collection

At GCR&D, we do not tolerate the delinquent payment of rents. We are careful to explain this policy in order to avoid any misunderstandings that might arise later.

Maintenance

GCR&D provides owners with stress-free maintenance of their rental investments. Rather than trying to find a third-party vendor yourself, you can rest assured our staff is taking care of the problem in a timely manner.

SEE WHY OWNERS & INVESTORS TRUST GC REALTY

Chicago Property Management Blog & Podcast

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In March 2023, the average cost of houses for sale in Chicago was $272,270. If you plan to take advantage of these home selling prices, take note. There are some home selling fees that you should prepare for.Fortunately, this article is a great place for you to start. We'll cover the basics of the total cost of selling your home in the Chicago area. Keep reading so you know what to expect.Real Estate Agent CommissionsThis is typically the mos

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Should I hire GC Realty & Development to manage my property?

Whether or not you should hire GC Realty & Development to manage your Chicago property depends on a variety of factors, including your specific needs and goals as a landlord, your budget, and your overall comfort level with the company.Here are some things to consider when deciding whether to work with GC Realty & Development: Services: GC Realty & Development offers a wide range of property management services, including tenant scree

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Everything You Need to Know About Property Taxes in Illinois

1. Read your lease. No, seriously read it. It won’t be the most exciting night table material but you’ll thank yourself when you do read it. A lease is a binding legal contract. It creates a binding relationship between you and your landlord. What are you agreeing to? If you don’t understand, ask questions before you sign it.

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Scaling a Multi-Million Dollar Real Estate Business in Chicago

Setting the right rental rates: While looking through the classifieds to see what other landlords are charging for similar properties is a fine way to ballpark your rent price, a good property management company will conduct a thorough market study in order to set a rental price for your property, ensuring

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WHAT THEY DON'T TELL YOU ABOUT
REAL ESTATE INVESTING

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TOP 10
LENDING MISTAKES

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IN THE CHICAGO MARKET

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Chicago Property
Management

Let Us Provide You The GC Realty Experience™

PRICE IS WHAT YOU PAY... VALUE IS WHAT YOU GET!