Chicago Property Management Blog

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...

Did you know that buying and holding real estate can help you build wealth in multiple ways with one property?   Most real estate investors or want to be real estate investors focus on the cash flow(rent minus expenses) and forget about the other ways that really build wealth.   I’ve benefited - as have hundreds of our clients with our property management company - from the five ways landlords can make money in Chicago. ...

As a local Property Management firm in Roselle we have managed hundreds of townhouses, condos, & single family homes in Rolling Meadows since our start in 2003.  In fact, the second rental I purchased was a condo in Rolling Meadows in the early 2000s.  If you are renting now or looking to rent your property in Rolling Meadows these are a few things you must know to reduce your risk. Rolling Meadows Rental License Requirem...

If you are new to being a Landlord in Chicago, or have never heard of it prior to this article,, you may not know that the City of Chicago has an enforceable Heat Ordinance that must be adhered to.  If you are a tenant, you should know your rights as well.  This Ordinance applies to both Residential and Commercial work spaces, and is enforced between September 15th and June 1st of each year.The suburbs of Chicago are exempt fr...

The National Multifamily Housing Council reports that 44.1 million households in America are renters.If you have a property you wish to rent, there are many potential tenants you could choose, but you don’t want just anyone. You want a tenant who keeps the property nice, who obeys the law, and who will pay on time.To choose the right tenant, you won’t want to make these tenant screen mistakes. 1. Not Reading a Credit ReportB...

When I speak with investors about property management, one of the first questions I usually get asked is, “How much are your fees?” I understand that this question comes up for two reasons:PRICE DRIVEN – maybe the investor is price driven, and they will go with whatever the lowest price is on the surface. That investor may not realize that he/she is possibly sacrificing hundreds or thousands of dollars in savings ...