Connected Management Blog

Too often smaller condominium associations feel they can’t find proper property management in Chicago. That is not the case. Working with a specialist in smaller associations, such as Connected Management, can help you get where you need to be. We work with smaller Chicago condominium boards to help with all aspects of managing your community. We provide a wide range of property management services in Chicago. These include: Collection of Assessments - All association dues and special assessments will be collected from your owners on a monthly basis.Treatment of Delinquencies - When a unit owner becomes past due in the payment...

Like any other industry, property management is also experiencing great changes in a good way. The new emerging trends in the market are making property management more efficient and providing desired results to clients. Here are some emerging trends in Chicago condominium management. Artificial intelligence (AI) Artificial Intelligence (AI) has transformed Chicago property management, empowering machines to handle tasks that previously required human intelligence. AI enhances the customer experience by automating tedious processes and simplifying complex decision-making. It plays a crucial role in modern property management, enabling data-driven pricing, marketing strategies, and maintenance operations decisions. By leveraging AI tools, property managers...

Several factors can affect the real estate market. A Chicago condominium management expert can help you identify these factors and determine how they affect your real estate property. Wondering what are these factors? Here are some of the most important ones. Mortgage Interest Rates When it comes to mortgage rates, lenders have the freedom to set their rates. However, the Federal Reserve monitors current economic data and periodically adjusts interest rates. These adjustments can significantly impact the cost of homes and determine whether someone can afford to buy one. When interest rates drop, it means that mortgage costs also decrease. This,...

Being a property owner comes with many rights but entails various duties and responsibilities. Whether you own residential, commercial, or rental properties, it is crucial to comprehend and fulfill these obligations. This blog post will explore the core duties and responsibilities of property ownership and Chicago condo management. Property Maintenance One of the primary responsibilities of a property owner is to ensure regular Chicago condominium management and upkeep of their property. This includes addressing repairs, maintaining cleanliness, and ensuring the safety of tenants and visitors. Regular inspections should be conducted to identify any issues, such as plumbing leaks, electrical problems, or...

Hiring a property manager can help save time, money, and stress. It will provide different solutions related to marketing, upkeep, finances, and regulations. You only need to interact with one manager instead of contacting multiple experts or companies. In most circumstances, Chicago property management actually ends up being less expensive. Since property managers have access to a network of contractors, it will be easier to find renters. Lower time is also one of the primary issues for property owners. You might want to handle both your primary work and the rental market if that is your secondary source of income. And...