Connected Management Blog

Regarded as the third-largest city in the U.S., Chicago is a brilliant place to live in. The city stretches over 234 square miles of land, making it a popular place for residents. Today, Chicago has thousands of residents 2,747,231, (2020), and several fun nicknames, such as: The Windy CityThe Second CityCity of Big ShouldersAnd a lot more Understanding the Cost of Living in Chicago Because of such varied potential in the city, Chicago property management companies have become popular. If you’re planning to move to Chicago or are interested in investment opportunities,—it’s a great move. However, learning about the cost of...

How to Increase Rental Revenue in 2021 Last year was a tough one for everybody, including landlords. If you own rental property, you were most likely hit with a loss of income. As millions of people were laid off from work due to COVID-19, it became basically impossible to travel to vacation rental properties as well as pay monthly rental payments. Help was provided by the federal government, but it has not been nearly enough to make up for revenue losses or help for everyday people. For rental property owners, 2021 will hopefully be a better year. One way to make...

Online Assessment Payments: The Future is Now Years ago, the only way to pay HOA dues was to mail in a check or provide payment in person. Today, technology changes has made it possible for residents to make their payments online and most prefer this method. For condominium board members, a qualified Chicago condo management company can easily provide this service, helping owners to make payments on time and online. As the coronavirus pandemic continues to be an issue, it seems that online payments are growing, providing a secure and immediate form of payment in a social distancing world. Keeping Up...

Topmost Profitable Moves Rental Property Owners Can Make A successful rental property owner will typically invest in more homes and create good business practices that enhance their ability to turn a profit. It takes hard work and constant dedication to be successful. But what else does it take? What moves can you make as a rental property owner to be more profitable? Check out a few tips below that when practiced regularly will help you to see even greater success. Look Further Than Rental Rates When you are planning to purchase a new rental property, calculating the rental rate of the...

Increasing Rent: How to Go About Raising Prices For your Property If you are a condominium rental property owner, you are leasing your facility to make money. Over the years, you may offer a set price only to find the market has changed. When a property is located in a hot area, the rental price can be increased which helps you to earn more for your condo. But how do you go about increasing the rent, especially with long-standing tenants? Weighing the pros and cons is important in order to make the right business decision for an increase in property rent....