Remove Maintenance Remove Management Remove Professional Property Management
article thumbnail

Professional Property Management: Why It’s Worth the Investment

Real Property Management Chicago

Assuming that you own a rental property, the likelihood is that you’ve considered hiring a property management company sometime in the past. However, even more than that, when you hire property management experts, you can acquire benefits and expertise that numerous do-it-yourself landlords lack.

article thumbnail

Should I Use a Professional Property Manager?

Real Property Management Chicago

Is a professional property manager the right choice for your rental property? Professional property management can make owning (and profiting from!) rental properties a hassle-free experience for you. However, managing a rental property on your own can be like taking on a second full time job!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Professional Property Management: How It Works and How It Can Benefit You

Real Property Management Chicago

If so, you may doubt whether you should hire a Chicago property management company to help manage it. But what does a professional property management company even do – and is it worth the cost? By the end, you’ll better know whether property management is right for you.

article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. Be aware of the down payment requirements and interest rates of conventional, commercial, FHA and VA loans, as they may vary depending on the size of the property.

Property 200
article thumbnail

Professional property managers reduce rental vacancy rates nearly 40 percent

Real Property Management Chicago

According to a recent survey conducted by All Property Management , the largest network of property management companies on the internet, professional property managers can help investors substantially on both counts. percent, compared to the 8.8 It’s a steep learning curve.”

article thumbnail

Navigating the Storm: Effective Crisis Management for Rental Properties

Real Property Management Evertrust

Unexpected crises – an inevitable tragedy, protracted power outage, or emergency maintenances – can create major disruptions for rental properties. For property owners, these incidents can bring about property damage, renter displacement, and costly repairs.

article thumbnail

Tenant Retention 101: Essential Tips for Property Managers

BetterWho

High turnover can drain your finances and disrupt your property management workflow. You’re not only looking at lost rent for every month your property is empty. The cost of finding a new tenant, additional maintenance, marketing the property, etc., Or is maintenance due? The cost of turnover adds up.