Connected Management Blog

Investing in commercial real estate is one of the quickest-growing trends globally. People are now investing more of their time and money in these properties. The average rent in the U.S. hit the 1,320 mark in 2023, depending on the rental property tenants live in. It’s why property owners have stepped into Chicago property management and Chicago condo management so quickly. If done correctly, commercial property ownership and management have lots of potential. But all of this success greatly depends on the kind of tenants you find. Finding tenants has to be one of the biggest challenges that property owners face....

If you’re curious about working with a property management company in Chicago, you’ve come to the right place. You’ll be able to see all the benefits of hiring a management company and what you want to know before making the leap. Chicago property management doesn’t have to be complicated or stressful. You can own and manage many different properties without having to worry about late night phone calls or interruptions to daily life. Benefits of Property Management In Chicago For starters, you can rest assured knowing you have quality tenants and shorter vacancy times. A property management team in Chicago will...

Property management in Chicago is one of the most in-demand businesses. Investors are pitching in millions of dollars every year in business. There’s a variety of different management services that are also operating in the area, making it a quickly growing industry. According to official records, the property’s square footage contributes around 30% of the property value. However, several technical issues might arise when dealing with real estate. Understanding Property Management Most people working in Condominium management in Chicago have hired a professional property manager who operates on the owner’s behalf. They can take over different roles using the written authorization...

Rent collection is a major part of property management in Chicago and condo management. It’s what reels in your return on investment from the property you buy. However, collecting rent from tenants can be particularly challenging for property owners and managers. If you’ve struggled with a problem like this, it’s understandable. The average rent in Chicago is around $2000, which puts much money at risk without the right collection methods. What Tools Do You Employ That Allow Tenants To Pay Rent? New landlords and property managers don’t necessarily know the best tools for rent collection. Therefore, we are here to help....

Finding a new tenant for your Chicago property can be overwhelming. You may not be sure how to properly vet a tenant before they are in the home. You may also wonder what actions you can take if they aren’t paying their rent, what regulations to follow and more. All of that can be easily answered when you have a Chicago property manager on your side. Working with an expert in the industry can help you find quality tenants that will be long-term in your condominium. You need to know that there are certain questions you can ask and some that...