Chicago Property Management Blog

The current year has been unpredictable and challenging. There are many new laws and ordinances that have been passed these past few months that Landlords must be aware of. The new Chicago ordinance under the CRLTO has added another layer to that unpredictability in the real estate investor market here in Chicago.As of July 2020, here are the new guidelines you must follow to stay in compliance as a Landlord in Chicago. If you are curre...

As a business owner, real estate investor, or even both, there will be a multitude of mistakes that you will make over the years. Some mistakes will be larger than others, and some mistakes will be so bad that you may never share them out of pure embarrassment. This story I am about to share is one that I have kept to myself for the last three years. With the current eviction moratorium, and Cash for Keys being a viable option for many ...

This year, for the second year in a row, GC Realty and Development, LLC is honored to have been included in the Inc. 5,000 Fastest-Growing Private Companies in America, ranking  in the 2,861 spot. Considering there are nearly six million private companies in the country, it’s safe to say these firms truly form a unique group.  It all began in 2003 with an idea that was simple, yet unique for a small business; Create a co...

Landlording in ChicagoBeing a Landlord is never an easy job, despite what is shown on the internet and on tv. In reality, being a successful Landlord is only possible through hard work, some sacrifice, and by having a supportive team surrounding you. Being a Landlord in 2020 has proven to be especially difficult based on the inability to remove non-paying tenants from properties. Here in Chicago, I am pretty confident we will be prohib...

On our most recent show, Topics Discussed Include:$5,000.00 Illinois Grant still available for Illinois Renters affected by Covid and behind on rent.  The grant gets paid directly to the Landlord and can go towards future rent too.Maintenance of your furnace to include changing filters now and set up for year around changes plus the easy solution of making sure you change out your thermostat batteries.Cleaning of your gutters ...

On our most recent show, we discussed the breaking news in regard to President Trump’s most recently signed Executive Order. This order that was signed Saturday makes evicting a non paying tenant nearly impossible for the remainder of 2020.  We also discuss what options you have as a Landlord if your tenant in Chicago has stopped paying their rent. Topics Discussed Include:President Trump’s signing of  multipl...

On our most recent show, we discuss the Illinois Eviction Moratorium extension, the $300 million grant fund for Illinois tenants, and notice of non-renewal new laws in the City of Chicago.Topics Discussed IncludeIllinois Eviction Moratorium has been extended until August 22, 2020.  Hear how this affects you if your property falls under the CAREs ACT.On August 10th, 2020 Illinois will open its $300 Million relief fund for tenants be...

How to figure out what your property will rent forGoing back to figuring out rents, there's a three bed vs two bed offer for new listeners. There's a lot of different resources out there. There's rent to meter. You look at apartments, dot com to see what your competition is. Talk to brokers. Talk to property managers like Mark in their areas. Like it's very easy to get, you know, within 50 bucks of, hey, this is what it&...

For those investing in Chicago and I'm just gonna blank it is, you know, the whole MSA. What are you know, you mentioned the house. He's going to be a very good strategy. What are other things that you've seen work in the city that you think man compared to other MSA is this is a great market for strategy X? Chicago has more two to four units than at least per capita than I think almost every other city. I've seen a...

On our most recent show, we discuss how Chicago suburbs with rental license programs are becoming more and more common and what you need to know as a Chicagoland Landlord.Topics Discussed IncludeHow common the rental licences are becomingCrime free housing training Understanding what your city expects because they are all a little differentYou Tube Videos:https://youtu.be/tTdZ64qLne0https://youtu.be/5PCIZXjyknoTune in each Sunday, ...