Chicago Property Management Blog

If you own rental properties in Chicago, Illinois, you know how challenging it can be to manage them effectively.From finding and screening tenants to maintaining the property, the responsibilities of a landlord can quickly pile up. Unfortunately, making mistakes in property management can lead to decreased profits, frustrated tenants, and even legal issues.Here, we'll go over some of the most common rental property management ...

As a local Property Management firm in Naperville we have managed hundreds of townhouses, condos, & single family homes in Naperville since our start in 2003.  Naperville can be tricky for Landlords because it falls into two different counties, Will & DuPage, which means depending on what part of town you are in there may be different rules.  If you are renting now, or looking to rent your property in Naperville, these...

At GC Realty & Development, LLC (GCR&D) our goal is to always return your security deposit or refrain from filing any claims against your surety bond. We have taken the time to provide our expectations of the home upon move out, and give you some quick tips on common security deposit chargebacks we see that you can help prevent. How We Document the Move Out: Upon move out, a GCR&D Technician will visit the property...

Landlords & Property Managers are always discussing the importance of tenant screening and you read about it being the “One Thing” to having success when it comes to renting out your investment properties. There are huge problems in the way we underwrite and screen tenants right now and I can see that with the numerous stories I am hearing of applicant scams passing through professional screening systems.We as a communit...

Each year, upwards of three million American tenants receive eviction notices. The reasons for the forced removals vary, but evicting a tenant isn't always a simple process. Most states require property management to go through certain steps before removing tenants.Are you a landlord or property owner looking to learn more about Chicago eviction laws? Read on to learn what steps must take to avoid running into legal trouble. Termina...

As a scattered site Property Manager working inside Chicago and the surrounding suburbs I get asked this question all the time and the answer is, it depends.  It depends on where you are at and what type of property you have.  Below is a breakdown of what you need to know.Do Landlords Need To Pay Interest On Security Deposits In IllinoisDo I need to pay Security Deposit Interest in Chicago?Yes. In Chicago the security deposit ...

Chicago Style Management is happy to be considered one of the top management companies in Chicago, however property management is often hyper local and hyper focused on types of clients that we can work with and these days, you’ll find more property management companies out there than ever before. The funny truth is we all pretty much do the same thing. But few Chicago property management companies can do those same things well. A...

Property taxes. Nobody likes to pay them, but that is part of the obligation when you own real estate.Outside of New Jersey, the state of Illinois averages the highest property tax rate in the country.If you are considering a Chicago property investment, one thing you need to keep in mind is the Chicago property taxes that go along with that.What are these property taxes? How does this work?Here are some of the biggest things that you n...

If you’re interested in Chicago real estate investing as your primary or secondary career, it may be tempting to get a real estate broker’s license and start selling property right away.   But what are the pros and cons of getting licensed, and what does it take to get licensed? Real estate is a great way to make money and build wealth, but to do it right you need to understand the rules and regulations that govern...

Homeowners seeking to rent out their properties want to know when they'll be paid and how it's done when working with a professional property management company in Chicago. That’s an important question, and today we’re providing some insight into how we do things and handle your finances.Property Management Chicagoland: Processing PaymentsWe do our payouts by the twelfth of every month. Why the twelfth? Generally, we...