Property Management Companies Chicago

Property Management in Chicago That You Can Count On

Chicago is a city that is rich in history and culture. It is a place that combines the old-world charm of an East Coast city with the modern amenities of a West Coast one. With this many people flocking to live here, there can be a problem for property management companies, Chicago. What should be done to provide top-tier service at affordable prices? The answer may surprise you, as it is one of many property management companies in Chicago that has been around for many years and has shown time and again that it can provide top-tier service at affordable prices.

 

Property Management in Chicago is significant to any investor looking to impact the market both through residential and commercial real estate. When you need property management in Chicago, it can be a challenge to find Property Management Companies in Chicago with the experience necessary to manage your investment properly. Property managers in Chicago need to manage every aspect of a property for it to be called top-tier service. This includes (but is not limited to) accounting, marketing, upkeep on the property, tenant management, and maintaining an awareness of changing laws for real estate and property management.

Highlights of the Chicago, IL Market

The Chicago real estate market offers many positives for potential investors. Exploring the city will show you why.

  • Chicago is a more expensive market than other areas.
    ○ Home prices average higher than the national average.
    ○ The median sales price for a home in Chicago is $365,000.
  • The Chicago area is a highly competitive market for investors because of its rising housing costs, its culture, and its worldwide recognition.
  • In the past year, Chicago home prices have increased 5.2%.
  • Chicago is the largest city in Illinois.
  • Chicago is ranked as the 3rd most populous city.
  • Chicago is known as both the Windy City and Chicagoland.

Still need more information?
Take a look at the following stats to better understand why the real estate market in Chicago is worth your investment.

Access the Q3 Investing Report

Hire Home365 Property Management in Chicago Experts Today

When you become involved in your property as a landlord or property owner, you will begin to see everything that needs fixing and updating. How do you find property management companies in Chicago that can do the renovations or repairs? Who will handle daily maintenance tasks? It can all be overwhelming, but Home365 Property Management in Chicago will always be ready with a solution. If you’re looking for one of the most highly qualified property management companies in Chicago, contact us today to learn more about our property management services.

Home365: Out of all the Property Management Companies in Chicago, Everyone Talks About One

Of all the Property management companies in Chicago, Home365 is the dedicated one you want. We offer top-tier service at affordable prices. This is made possible through improved technology, the streamlining of processes, and the utilization of industry-leading systems for accounting, tracking maintenance schedules, tenant management, administration interface with clients, and much more. By using our own in-house developed software platform to manage properties, we have taken a huge burden off the shoulders of property managers in Chicago and real estate investors looking for premier property management companies in Chicago.

 

Other companies offer property management in Chicago, but none of them compares to Home365. We are dedicated to providing top-tier service while making the process easy for our clients. If you are considering us to handle your property management in Chicago, our eight-step process will walk you through what to expect for a seamless experience that is unmatched in the industry.

Step 1 of Property Management in Chicago:

The Property Assessment and Rental Estimate

To provide top-tier service for any property, we must fully understand the property’s history and what needs to be done to keep it running at optimal performance. This is the first step for property management in Chicago. For this reason, we provide a full property assessment for every property that enters our system. This includes an on-site visit where we take the time to sit down with you and discuss your vision for the property. We can talk about what you expect and how we can achieve it. After the assessment is complete, our dedicated agents and brokers will provide you with a rental estimate based on projected occupancy and rent rates for that area. This gives you a complete vision of what your property can make and where it fits in the local market. This is what sets us apart from property management companies in Chicago.

Step 2 of Property Management in Chicago:

Identifying the Best Tenants

The next step for property management companies in Chicago is to identify the best tenants. To attract the best tenants for your building, it is important to have enough units in an area to fill with people who will take care of your property. We have made it one of our top priorities to ensure our clients are properly represented in local rental markets, so we have developed relationships with brokers in our area that allow us to secure the right tenants for your property. Home365 property management will work closely with you when screening potential tenants to ensure they fit your ideal criteria. We will collect information on criminal background, income verification, and direct conversations with past landlords to create a full picture of your ideal tenant. Once we have identified your most likely candidates, we will provide you with a rental estimate based on their projected income at the property. Tenant placement is an important process to complete before moving forward with property management in Chicago, but it is only part of the picture.

Step 3 of Property Management in Chicago:

Marketing Your Property

The next step for property management companies in Chicago is marketing. Your property needs to be in the right place at the right time to get the maximum return when placing tenants. Marketing is just as important as finding the right tenants because it will attract attention to your property to show it is available. We will first advertise the property to other agents and brokers in your area. This is a vital step because we want other companies to be aware of your property and let the market know it is available for rent. This increases your exposure to other qualified tenants and makes it easier for our property managers in Chicago to find the right match. By creating a custom property listing, we make it easy to share the details of your property across multiple channels, including our website and partnership sites. We also provide beautiful photography for your property that you can share on social media, as well as direct marketing with our extensive email list. Postcards and print ads are also marketing options, but our digital efforts usually find a new tenant before any of those ads make it out in the mail. Advertising is a key component of property management in Chicago, and the staff at Home365 take it seriously.

Step 4 of Property Management in Chicago:

Moving Tenants In

Now that you have a qualified tenant, the next step to take with property management in Chicago is to take time and do some final preparations before they move into your property. Home365 has taken the time to learn about all the necessary tasks that go into a move-in. We work with all our clients to put together an efficient plan that contains the most important tasks to get new tenants into your property. After we know that a tenant will be moving in, it is time for our property managers in Chicago to begin the final preparations. We will get in contact with you to ensure that there are no outstanding issues or concerns for the tenant, including any work that needs to be performed at the property. We will also schedule a walk-through with you to go over any aspect of your property that you have questions about, including a list of your expectations. When the tenant moves in, we will be on-site to escort them through the process and ensure that the property is ready for them. We will personally ensure if there are any outstanding issues with the property and schedule an appointment to resolve any that are more complicated. This allows us to personally keep an eye on the property that you have entrusted to our care and save you the time, money, and energy you would have needed to take care of your own property management in Chicago.

Step 5 of Property Management in Chicago:

Managing Your Tenants and Collecting Rent

The last thing you want to do is become involved in the day-to-day operations of your property, so your Home365 team for property management in Chicago will take care of all aspects of it for you. We will send your monthly statements, accept rental payments, and deal with any issues that might arise with it. Our commitment is to take care of your property and your tenants, and we will go above and beyond to do so. Our team is here to guide you through the entire process, from rental listings to tenant move-outs. And, at the end of lease terms, will make sure that the moving side of property management in Chicago is always done properly so that your units are ready to rent out again at a moment’s notice.

Step 6 of Property Management in Chicago:

Transparent Financial Reporting and Updates

The next step for property management companies in Chicago is to provide timely and accurate financial reports. We want you to be able to track where your money is going without any hassle on your part. After a tenant moves in, the income from their rent will be deposited into your bank account at the end of each month. We will then break down how much income you receive each month and provide a final statement from Home365 Property Management in Chicago at the end of it. On top of providing you with financial statements, our team for property management in Chicago will update you on any important news to your property.

Step 7 of Property Management in Chicago:

Maintenance, Repairs, and Renovations

The next step of property management companies in Chicago is to make sure that your property will be running for years and years to come. Home365 Property Management in Chicago does this by performing regular maintenance and renovations, which will increase the value of your property in case you would ever want to sell it. We know that this is not something that you want to become involved in, so we will handle everything related to manual property management for you. We know the Chicago area very well, which helps us to keep up with its changing tastes. Whether it be a new decorating trend, different flooring or appliances, or any other change that affects your property, we work hard to keep everything up to date. Home365 Property Management in Chicago takes care of everything for you so you can focus on more important things. We want to make sure that your property is a comfortable home for your tenants and a reliable source of income for you.

Step 8 of Property Management in Chicago:

Tenant Move-Out

Home365 handles tenant move-out with the same level of care as move-in. When a tenant decides to conclude their contract, our property management in Chicago will perform a move-out inspection to prepare your property for the next tenant. We can identify any damages, and if your property does require cleaning, repainting, or other repairs, we get in touch with you to give our recommendations and obtain your approval before scheduling any work. Then, we use the tenant’s security deposit to cover the costs. During our inspection, we may notice areas of your property that could be improved upon, such as installing new appliances, so we will inform you of these options, and you can upgrade these features to increase rent. With our property management in Chicago on your side, tenant turn-over is fast, easy, and hassle-free.

Step 9 of Property Management in Chicago:

Dedicated Team of Support

Finally, our team of professionals experienced in the field of property management in Chicago is here to support you and your tenants every step of the way. We will be available whenever you need us to take care of any issues or concerns that you may have. One thing that sets us apart from everyone else is the respect and care we have for your tenants. Our promise over other property management companies in Chicago ensures your tenants are well taken care of and are given the respect and commodities they deserve for leasing your property.

Contact Us

We’re here to answer any questions you may have!

OFFICE DETAILS

Main office phone: (800) 837-0037

2440 W Madison St, Unit C, Chicago, IL 60612

BUSINESS HOURS

Mon–Fri 9 to 5 pm
Sat–Sun CLOSED

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