Chicago Property Management Blog

The Ultimate Guide to the Best Property Management Companies in Chicago: Top Insights for 2025

By Jason Marcordes Monday, January 13, 2025

The Chicago real estate market offers many opportunities for investors worldwide. Navigating the complexities of property management in Chicago requires a deep understanding of the local market and its challenges. Whether working with a professional property management company or...

Cook County Property Tax: Insights for Property Owners in 2025

By Jason Marcordes Monday, December 30, 2024

Hey there, Chicago landlords and property investors! As we enter the new year, it’s crucial to stay informed about the potential changes to property taxes in Cook County. These changes could significantly impact your rental business, especially if you’re trying to bal...

A Chicago Property Management Company's Guide to Reducing Vacancy Costs for Landlords

By Jason Marcordes Friday, December 20, 2024

Hello, Chicago landlords! You probably know that empty units in your investment property can really drain your wallet. Vacancy costs not only encompass the lost rental income but also include additional marketing expenses, maintenance costs during the vacancy, and the opportunity...

Can a Renter Change the Locks? Guidelines for Landlords of Chicago Rental Properties

By Jason Marcordes Monday, December 9, 2024

As a landlord in Chicago or the Chicago suburbs, understanding your tenants' legal rights regarding changing locks in rental units is crucial for maintaining property security and ensuring compliance with local housing regulations as well as state and local laws. This guide a...

Limited Inventory? No Problem! Converting Vacant Commercial Space into Chicago Residential Rentals

By Jason Marcordes Monday, November 18, 2024

As Chicago’s residential real estate market tightens and inventory becomes more limited, investors are searching for creative ways to diversify their portfolios and capitalize on underutilized properties. One increasingly popular option is converting vacant commercial ...

The Unexpected Obstacles of Buying Property Sight Unseen: How to Avoid Costly Mistakes in the Chicag...

By Jason Marcordes Thursday, November 14, 2024

Are you interested in purchasing investment property out of state or just find it more convenient to find and buy a property without all of the hassle? Or maybe you are looking to make a quick offer on a property in hopes to land it before someone else sees it and makes a b...

Navigating Tenant Turnovers: Minimizing Costs and Vacancy Periods

By Jason Marcordes Monday, November 4, 2024

What is the number one killer of cash-flow in real estate investments? Assuming you got the tenant screening right - tenant turnover is going to have the biggest impact on your bottom line. It always surprises me that most people don’t know this, nor do they seem to u...

A Significant Change for Rental Property Owners: How Chicago's New Anti-Gentrification Ordinance Wil...

By Jason Marcordes Friday, October 25, 2024

What is the Northwest Side Housing Preservation Ordinance in Chicago?The Northwest Side Housing Preservation Ordinance, effective October 9, 2024, aims to preserve and even expand areas of affordable housing and limit gentrification in areas surrounding the 606 Trail. It expands ...

The Biggest Legal Mistakes Chicago Property Owners Make Without Professional Property Management

By Jason Marcordes Tuesday, October 22, 2024

Owning rental property in Chicago and its suburbs can be a rewarding investment with great returns, but it also comes with legal responsibilities that can quickly become overwhelming. Without professional property management or taking the time to learn the many legal aspects...

Top Day-to-Day Tenant Complaints and How Property Managers Resolve Them: A Landlord’s Guide

By Jason Marcordes Friday, October 18, 2024

Managing rental properties comes with its share of day-to-day complaints from tenants. After being in the industry so long, we’ve heard a lot of requests and complaints from tenants. There are some of these that we get much more frequently than others and are important for ...