Chicago Property Management Blog

As a housing provider, you are responsible for ensuring that your properties meet all necessary safety standards. Recent changes to the laws in Illinois mean that you need to be aware of some important updates that went into effect in 2023. Here's what you need to know.Sealed-Battery Smoke AlarmsStarting in 2023, all rental properties in Illinois must have sealed-battery smoke alarms installed. This means that the battery cannot be ...

A property manager is crucial in Chicago for several reasons:Local market knowledge: A property manager in Chicago has in-depth knowledge of the local real estate market, including rental rates, vacancy rates, and property values. This can help property owners make informed decisions about their investments and maximize their returns.Tenant screening and selection: A property manager can help property owners find and select high-quality...

The last few years have seen record increases in house prices. If you're looking to buy, raising funds might feel like an insurmountable obstacle. Thankfully, there's help available. First-time home buyer programs help you get the funds you need to buy the home of your dreams. So how exactly do these programs work? This first-time buyer guide will answer your questions.See if You're EligibleThe first step in using assistance...

As a landlord in Chicago and the suburbs, there are several laws and regulations that you must follow. Some of the most important laws that landlords must comply with in Chicago include:1. Chicago Residential Landlord and Tenant Ordinance (RLTO): This ordinance sets out the rights and responsibilities of landlords and tenants in Chicago. It covers topics such as security deposits, rent increases, eviction procedures, and maintenance and...

Creating the GC Realty Experience™ is something that has been in the works for 20 years.  As we celebrate two decades in business in 2023, we have made a deep connection between our company's core values and how we want to make anyone that comes in contact with us feel. What makes The GC Realty Experience™ so special? Every day at GC Realty & Development LLC, we deliver The GC Realty Experience™ throu...

The median sale price for a home in Chicago, Illinois, was $300,000 in January 2023. The same study from Redfin says that 1,283 homes were sold in the same month. Now is the ideal time for short selling your property in Chicago.If you're new to short selling, you might wonder what it involves. What should you expect? What should you look out for?A short house sale can be complex, but our guide will help you. Read on to get started.W...

As a local Property Management firm in Wheaton we have managed hundreds of townhouses, condos, & single family homes in Wheaton since our start in 2003.   If you are renting now or looking to rent your property in Wheaton these are a few things you must know to reduce your risk.City Of Wheaton Rental RequirementsWheaton Rental License Requirement - Good news here is that there is no rental license or occupancy permit requiremen...

As a local Property Management firm in Roselle we have managed hundreds of townhouses, condos, & single family homes in Glen Ellyn since our start in 2003.   If you are renting now or looking to rent your property in Glen Ellyn these are a few things you must know to reduce your risk. Village Of Glen Ellyn Rental RequirementsGlen Ellyn Rental License Requirement - Good news here is that there is no rental license or occupancy p...

Search “Property Management in [insert city]” and expect to get a dizzying number of options in Chicago alone. How do you choose? Read on to learn what you must look for in a Chicago property manager. Property Manager Qualifications Property managers have a very low barrier of entry into the field. To call yourself a property manager in Chicago, you don’t need any previous experience, financial security, or e...

If you're trying to do what's best for your portfolio, getting into real estate is never a bad idea. You can do this by acquiring some real estate investment properties that you can rent out to tenants.The business of property management is growing at a 2% rate today. It's such a big business market because investors always need quality tenants. You need to understand the best way to find a company that can match you with th...