Chicago Property Management Blog

Unveiling the Value: The Importance of Real Estate Appraisals in Chicago

In the competitive Chicago real estate market, understanding property value is essential. According to the Illinois REALTORS®, the statewide median home price rose by 8.6% year-over-year in 2024, signaling a rapidly evolving market landscape. Real estate appraisals are a...

HOA Property Manager: Empowering Homeowners Associations With Effective Leadership

The Community Associations Institute says Illinois has 18,000 community associations, including homeowners associations (HOAs). Together, they represent the interests of over 3.5 million homeowners.One of the cornerstones of HOAs is property management. After all, an HOA property...

Chicago Real Estate Trends to Watch: Insights for Buyers and Sellers

Have you always considered investing in real estate?If so, you're not alone. Indeed, as reported by NBC Los Angeles, over a third of Americans (36%) consider real estate the best long-term investment.But to become a savvy investor, you must first learn about historical and cu...

Open House Success: Tips for Hosting a Memorable Property Showing in Chicago, IL

As a real estate agent or homeowner in Chicago, hosting open houses can be a game-changer in your selling strategy. According to the National Association of Realtors, nearly 48% of buyers attend open houses during their home search. Not only do they showcase the property, bu...

Real Estate Technology: Innovations Shaping the Industry in Chicago, IL

Today, real estate technology isn't just changing the industry; it's transforming it completely. The National Association of Realtors (NAR) reports that close to 100% of home buyers search for properties online.As Chicago embraces a tech-driven future, professionals and c...

How Often Should a Landlord Inspect Rental Property in Chicago?

While being a landlord is a great way to increase your passive income, you'll also need to spend money to keep your tenants happy. According to The Independent Landlord, landlords spend around 10-15% of their gross rent on maintenance and repairs. Conducting regular rental pr...

Vacation Rental Hosting Tips for a Five-Star Experience

Think back to the last time you left a five-star review. Maybe it was a performance that left you speechless or your first time at your favorite restaurant.Wouldn't it be great if your vacation rental guests felt that sense of wonder every time they stayed at your property? I...

Unlocking Commercial Property Maintenance Success in Chicago, IL

Are you a commercial property owner in Chicago, IL looking to enhance the value of your investment? Did you know that effective commercial property maintenance is key to not just preserving but also increasing your property value?Maintaining your commercial spaces is not just abo...

4 Tips to Navigate Commercial Lease Agreements in Chicago, IL

Have you ever felt bewildered by the complex language in a commercial lease agreement? You're not alone.Many business owners in Chicago grapple with this challenge, and understanding these agreements is crucial for making sound real estate decisions. When you're looking f...

Tips for Rental Property Accounting Records in Chicago, IL

You're managing a classic Chicago brownstone in Wicker Park. The tenants love it, the rent rolls in - everything's smooth, right? Then tax season hits, and you're drowning in mismatched receipts and late-night spreadsheet chaos.Sound familiar? Don't let sloppy acc...