Property Management Blog

5 Effective Rent Collection Strategies for Chicago, IL, Landlords

The average rent in Chicago today is $2,200 per month, according to a report from the Illinois Policy Institute, which means that timely rent collection is more important than ever. For landlords, delays in collecting rent at this price point can quickly add up, making it harder ...

5 Practical Tips for Rental Property Accounting Records in Chicago

The average house in Illinois costs around $280,000, according to World Population Review. Rising house prices have made owning a rental property a lucrative endeavor. Managing rental properties in Chicago can be both rewarding and challenging. As a landlord, keeping your financ...

What Do Chicago Landlords Need to Know about Security Deposits?

Owning a rental property is an amazing way to establish passive income and help you achieve financial independence. However, there are countless nuances of doing so, such as handling security deposits. Whether you're a landlord navigating complex security deposit laws or look...

How to Get Tenants to Renew Their Leases in Chicago

Have you ever heard the phrase, 'It's easier to keep customers than to find new ones'? Well, the same applies to being a landlord.Not only is keeping tenants easier than searching for new renters, but it saves time and money. This means you can earn more with less str...

4 Accidental Landlord Tips for Chicago Property Owners

If you've suddenly become an accidental landlord in Chicago, you'll be excited to know you could enjoy making an average passive income of $55,821.However, it's important to learn expert property management tips to earn the maximum profit from your new rental. These s...

How to Manage Landlord Stress: Advice for Chicago Landlords

Are you a Chicago landlord overwhelmed by the myriad responsibilities of managing rental properties? Do constant tenant issues, maintenance requests, and financial concerns keep you up at night?Being a landlord involves many duties, from finding and screening tenants to handling ...

3 Smart Property Marketing Tips to Attract Tenants in a Tough Chicago Market

Imagine this: You've invested in a beautiful property in the heart of Chicago, ready to welcome new tenants and enjoy a steady stream of rental income.But as the months pass, your applicants don't quite meet your standards. How can you ensure your property stands out in a...

Understanding Eviction Protection for Chicago Landlords

Evicting tenants can be a stressful and complicated process for landlords. Without proper protection, it can lead to significant financial and legal issues. Understanding eviction protection can help safeguard your rental property and smooth the process.Are you curious about how ...

Allowing Pets in a Rental Property: Best Practices

According to recent statistics, a staggering 68% of households are pet owners. It's clear that pets are more than just furry companions; they're integral family members. Therefore, allowing pets can be a great way for landlords in Chicago, IL, to attract more tenants.But ...