Chicago Property Management Blog

Are you looking to get a better understanding of how property taxes work in Illinois? Check out our guide that explains how Illinois property taxes work, what the different tax rates are across the state, and how to contest your property taxes if you feel like you’re being overcharged. Property tax rates differ by county & township, so make sure you understand how they work!About Property TaxesProperty taxes are levied by stat...

Real estate is wildly popular as an investment choice in the United States. About 35% of Americans say it’s their preferred long-term investment. That’s because of the sector’s stability over the years.One of the best things about real estate investing is that you can choose from different investment types. A considerable percentage of investors opt to invest in rental property, and you should, too. In this blog, ...

The last few years have been anything but normal. The recent volatility of mortgage interest rates has understandably made many buyers skittish. But with careful planning and the right team of experts, you can still get reasonable rates even with wild markets. To do that, we’ll share a few things you must know about mortgages and interest rates in 2022. Buying during Interest Rate VolatilityA lot of buyers have gotten sticker...

Whether you own just one rental property in Chicago or several, our team can help you keep them all running smoothly and provide quality services to your tenants so that they stay happy and continue paying their rent on time. By working with GC Realty & Development, you can focus on what matters to you the most, whether it’s your career, your family or your social life because we’ll take care of the rest!Full-Service Pro...

Chicago, Illinois is the 55th largest city in the world and the 3rd largest city in the United States. With well over 2 million people living there, real estate has become quite a large industry.It's also a very diverse industry with a lot of different areas and building types to invest in. Knowing how to invest can be the difference between a thriving business and bankruptcy.This raises a very big question--How do you successfully ...

Real estate investment opportunities can be tough to find in Chicago, especially when you’re first starting out in the business. However, if you know what to look for and how to find it, you can have an easier time finding some good opportunities that can make you money with little risk involved. Here are some tips on how to find investment opportunities in Chicago.Finding Single Family HomesLook for single-family homes for sale. ...

Around the country prices rising has been a hot topic for the last few years but it hasn't really been a topic here in Chicago until 2021.   It's important to be cognizant that Chicago real estate demand is affecting sale prices, it's important to be conservative on your proforma rent increase expectations and what the headwinds are, and yet we continue to see rent increases now. But if your question is how aggressive ...

IAR is the Illinois Association Realtors, and their mission basically breaks into two major categories.AdvocacyProfessionalism IAR is a state wide association for licensed Real Estate Brokers who then opt into becoming Realtors. To become a Realtor is an extra step, an extra credential. As a Realtor, you’re promising to adhere to a code of ethics - a code of professionalism and rules that you have to abide by that not on...

Winter can be rough on your home, especially if you live in an area that regularly experiences below-freezing temperatures during the winter season. As pipes get colder and colder, there’s always the risk that they’ll freeze, potentially causing them to burst and causing major damage to your property. To avoid frozen pipes and potential water damage, follow these 5 tips to prevent frozen pipes this winter. # 1 Turn off indoo...

Okay, you’ve decided you’re ready to seriously look into wholesale properties to start or build your investment portfolio. Good for you! So… now what? Today we’ll briefly cover how to work with a real estate wholesaler.Find the Right WholesalerYou know not all real estate agents are created equal. The same goes for real estate wholesalers. So, how do you find a good one? Investors usually find their contacts one...