You’ve recently purchased your first investment property, but you don’t know where to start or how to manage it on your own. A property management Chicago will help you get started the right way, so you can feel confident that you are getting the most out of your new investment without putting in too much work yourself. Here are five services that a property management company in Chicago will provide for you.
Table of Contents
1) Rental Listings
Chicago is an amazing city with so much to offer. But, just because it’s large doesn’t mean finding your perfect home will be easy. There are so many neighborhoods and different price ranges to consider. But, there is one solution for any renter looking for the perfect place in this wonderful city: The Chicago Condo Concierge! We have listings from all over the city, ranging from apartments and condos to townhomes and single-family homes. What’s better is that we’ll help you find the best deal possible in Chicago short-term rental market by searching on your behalf and negotiating on your behalf too!
If you’re looking for a property management company or home repair technician Chicago, we can help!
2) Screening Potential Tenants
Screening tenants is one of the most important aspects of property management and could be your most difficult duty. Here are a few things to consider when screening potential tenants: -Can they provide proof that they have lived at their residence for at least three years? -Do they provide at least 3 personal references, preferably local? -If yes, do these personal references confirm that this person’s credit is good, or has been paid on time in the past year?
-Are there any violations listed with the city and neighborhood association records? Do they have an eviction history or criminal record of drug dealing/alcohol abuse within the last ten years? A home repair technician Chicago may also be worth looking into if you’re ever thinking about repairing anything on the property.
3) Managing Maintenance and Repairs
One of the key services our property management company provides is coordinating maintenance and repairs. This includes routine inspections, emergency response, hiring contractors and overseeing their work. The Chicago Condo Concierge team has had many years of experience working with home repair technicians Chicago providing them with quality workmanship and prompt attention when you need it most. Contact us today to find out more about how we provide this service.
4) Collecting Rent
One of the most important responsibilities of a property management company is collecting rent from your tenants on time. Not only does this give you peace of mind, but it also allows you to plan for future expenses. Another major responsibility is maintaining the property and making any necessary repairs. This includes things like scheduling home repair technicians, checking in on the property periodically, and ensuring that all work orders are completed correctly and on time. In addition to these basic services, there are many other ways that a professional property management company can help take some of the burden off your shoulders. For example, they could provide rental insurance coverage or help you find competent contractors for bigger jobs such as replacing a broken dishwasher or installing new windows.
5) Addressing Tenant Concerns
Here are some of the most common worries our clients come to us with. 1. Is my property manager trustworthy? Your property manager should be licensed, bonded and insured, and you should ensure that the company is registered with the Better Business Bureau. 2. Will repairs be done on time? Home repair technician Chicago Ask about how often the company does maintenance services, how quickly they respond to emergencies and what their response time is when you request service. 3. How much will I have to pay in fees? The exact amount of your monthly fee will depend on a variety of factors including the size of your home and its location, but expect it to cost between $35-150 per month depending on these variables. 4. How do they prevent pests?
Read: Purpose Of Board Retreat
