Chicago Property Management Blog

Do I need insurance for my rental property? Landlord VS Renter’s Insurance

By Jason Marcordes Friday, December 3, 2021

As a successful Property Management Company, we know first hand how lucrative investment properties in Chicago can be. We like to promote the potential revenue that can be obtained. Even though having home insurance is not mandatory in Windy City, Chicago is exposed to heavy snow...

4 Surprising Features that Can Make Your Property More Attractive to Renters

By Jason Marcordes Wednesday, December 1, 2021

When tenants are looking for the perfect rental property to call home, they often have a list of desired features in mind. While your property may not meet everyone’s demands, you can attract more renters when you are able to provide useful amenities and spaces that are des...

10 Tips for Being a Great Landlord

By Jason Marcordes Friday, November 26, 2021

Over the past few years, the rents in Chicago are constantly increasing while the vacancy rates continue to lower! Apartments can be off the market in less than 48 hours. It has become more appealing to buy a property in the city and rent it out as an investment. As more la...

How to Evaluate a Rental Property When Purchasing

By Jason Marcordes Tuesday, November 23, 2021

Analyzing rental property can seem intimidating for any new investor. Purchasing real estate is a big financial decision, but understanding the basics of property evaluation can help you feel confident in your choice. Proper analysis can be the difference between years of stable ...

What to do if a tenant goes to jail?

By Jason Marcordes Wednesday, November 17, 2021

Being a landlord or a property manager is a full time job. This job includes leasing, marketing, maintenance, tenants, collecting rent and much more (like dealing with tenants going to jail). According to the Vera Institute of Justice, by mid-2020 there were 1.8 million prisoners...

Should Property Managers Require Renters Insurance?

By Jason Marcordes Thursday, October 28, 2021

Renter’s insurance is also known as tenant’s insurance. Now, what exactly is this? As the name states, this specific insurance is designed to cover the needs of tenants. While it is true that every landlord should have insurance, it only covers the building and not an...

How Buyers Can Get the Most Out of Open Houses

By Jason Marcordes Thursday, October 21, 2021

According to the NAR (National Association of Realtors) 5.64 million existing homes were sold in 2020, with more than 3 million active real estate licensees in the United States, the competition is getting stronger everyday. Buyers normally prefer purchasing their home thro...

Establishing a Pet-Policy for Your Rental Property

By Jason Marcordes Wednesday, October 13, 2021

Many landlords recognize the benefit to allowing renters to have pets in their Chicago investment properties. These property owners aim to reduce tenant turnover, increase the size of the pool of prospective renters, or they may simply appreciate the value that pets can bring to ...

6 Questions You Should Ask Before Making An Offer On A Property

By Jason Marcordes Thursday, October 7, 2021

As we have stated more than once, we understand the excitement and amazing journey of buying a first home. As thrilling as it can be, there is a lot of information and things that can go wrong. We highly recommend researching as much as possible to reduce the margin of error. Aft...

Security Cameras for your Rental Property: What You Need to Know

By Jason Marcordes Tuesday, September 28, 2021

Owning rental properties can require an enormous investment of time, money, and resources. Protecting that investment is vital and property owners typically want to utilize every tool at their disposal.Security cameras can be one of the most effective types of devices to protect ...