Chicago Property Management Blog

Screening tenants in 2025 isn’t just about filling a vacancy—it’s about protecting your investment and maximizing your profits. With changing laws, savvier tenant scams, and an unpredictable rental market, Chicago landlords need to step up their game or risk costly mistakes. A bad tenant means unpaid rent, legal battles, and property damage. But with the right system in place, you can avoid the headaches and find the r...

The shift to remote work has reshaped numerous industries, and property management is no exception. With more professionals working from home, the demand for rental properties with specific amenities, flexible lease terms, and better property management services has grown. As a property owner, you must adapt to these changes to stay ahead of the curve.How Remote Work is Reshaping the Rental MarketRemote work has significantly alter...

Investing in a rental property can be a good investment, but managing it effectively requires time, expertise, and resources. This is where professional property management services play an important role. Understanding property management fees and property management costs is essential for property owners like you aiming to maximize their investment returns.In this blog, we’ll explore the different property management fees r...

Why School Districts Matter for RentersFor families looking to rent in Chicago, proximity to top-rated schools can be a game-changer. Access to quality education is a top priority for parents, and living near reputable schools not only simplifies your daily routine, but can also enhance your child’s learning opportunities.At GC Realty & Development, we understand the importance of finding a home that meets your family’s ...

California’s wildfire crisis has revealed vulnerabilities in the property insurance market, with skyrocketing premiums, reduced coverage options, and new regulations shaping how homeowners protect their assets. While Chicago faces different challenges, such as extreme weather, flooding, and infrastructure aging, California’s situation offers valuable insights into how insurers respond to escalating risks and what property ow...

Here at GC Realty & Development, we LOVE the city of Chicago. We live and breathe this city, many of us have for the majority of our lives. But when you're working in the real estate industry, specifically in the rental sphere, sometimes you have to deal with a bit of turbulence here.The legal landscape for landlords is changing in 2025, both in Chicago and the state of Illinois as a whole. Several updates to state law are here,...

An investor recently told me: “My house isn't Section 8 approved so I don't have to accept Section 8 applications.” He was partially right because he would need an inspection once he accepted a Section 8 tenant, but he was wrong in thinking he doesn't have to accept Section 8 applications. That said, there are three times Chicago landlords can legally decline Section 8. The bigger question is whether this is the ...

As 2025 approaches, Evanston landlords and property managers must prepare for significant updates to the Evanston Residential Landlord-Tenant Ordinance (RLTO). These changes, aimed at improving tenant protections, have many asking: Do the 2025 updates set landlords up to fail?If you own or manage rental property in Evanston, read on! We break down the key updates that go into effect on January 1, 2025, and offer compliance tips to help ...

Evicting a tenant in Cook County has long been a complex, time-consuming, and often frustrating process for landlords. For years, landlords and property managers in Chicago and the surrounding areas had to rely on the sheriff's office to carry out eviction orders. The bottleneck frequently created backlog delays, lengthy wait times, and inefficiencies. However, relief is on the way! A significant change to the Cook County eviction p...

The Illinois State Senate welcomed the new year with a new flood disclosure law, just one of several new laws that went into effect on January 1, 2025. If you own rental property in Chicagoland, you must understand and adhere to these new requirements. Here’s what you need to know about the new Illinois Flood Disclosure Law (SB2601) and how it might apply to your rental homes. What’s A Flood Zone?The Federal Emergency Manage...