Chicago Property Management Blog

The First Thing You Should do When Moving into a New Home

By Jason Marcordes Friday, February 18, 2022

After the stressful endeavor of buying a house, the exciting part comes next: moving in. If you are organized and plan before doing so, there is no reason why this last stage should be exhausting, stressful or overwhelming. Take it day by day. We highly recommend you do a c...

The Pros and Cons of Turnkey Real Estate

By Jason Marcordes Thursday, February 10, 2022

Do a little research on real estate investing, and you’ll likely come across the term “turnkey real estate.” Advocates of turnkey real estate brag that it’s among the easiest ways to earn income from a rental property. But does that mean turnkey real estat...

Saving Methods To Buy Your First Home in 2022

By Jason Marcordes Monday, January 31, 2022

Buying a home requires a substantial amount of savings for the process. Buyers tend to forget that they should not only focus on saving for the initial deposit, there are also closing costs included and even some repairs that need to be done before moving in. As a prope...

SELLING A TENANT-OCCUPIED PROPERTY WITH A FIXED-LEASE

By Jason Marcordes Friday, January 14, 2022

Before putting your tenant-occupied property on the market, it is important to understand the type of lease agreement you have with them. This will determine your legal options for selling. If you decide to list your home on the market before your tenant’s lease is up,...

Selling Your Rental Property With a Month-to-Month Lease

By Jason Marcordes Wednesday, January 5, 2022

As we have previously mentioned, rental properties in Chicago are great investments. Investors will constantly receive rent from tenants and when they are ready to sell, appreciation will increase the property’s value. When this point is reached owners can:1. Wait...

Updated: 5 Ways to Guarantee that your First Chicago Investment Property is a Success

By Jason Marcordes Wednesday, December 22, 2021

Getting into the rental property business can be very lucrative and risky. Purchasing your first rental property also comes with financial risks. Knowing what to expect, how to approach acquiring a new property, and which properties will be worth your investment, is key...

The Most Cost-Effective Options When Renovating your Chicago Rental Property

By Jason Marcordes Monday, December 20, 2021

Renovating an investment property can increase the rental value of the property drastically, attract high-quality tenants, and can present excellent ROI when you invest in the best renovation choices for the long-term. However, spending on the wrong renovation materials...

How to properly screen new tenants

By Jason Marcordes Tuesday, December 14, 2021

In Chicago, 46% of the households are currently occupied by tenants. Safety measures should increase as the number of renters increase too. Any prospective tenant can seem great during the initial walk-through. So it’s important to screen every potential ten...

Should I Sell or Rent Out My House?

By Jason Marcordes Monday, December 13, 2021

Should I sell or rent out my house? This is a very common question we often get from homeowners that are trying to evaluate whether or not their home makes sense as a rental property / real estate investment. When considering whether it's best to sell or keep the property as ...

5 Ways a Property Management Company Can Improve Landlord-Tenant Relations

By Jason Marcordes Thursday, December 9, 2021

There are legal rights and responsibilities that landlords and tenants need to follow (RLTO). When it comes to the relationship between landlords and their tenants, things can get complicated. It can be difficult for property owners to address issues such as late payments or secu...