Connected Management Blog

5 Tips for Buying Rental Property When it comes to rental property, the industry can be quite lucrative. If you know how to purchase the right property at the right price, you can easily begin to earn a living with renting vacation homes, apartments, residential dwellings or commercial buildings. Learning the best tips for rental property ownership is a great way to get started. Check out five tips below to ensure your venture is successful. Location is Essential When searching for rental properties, the location is essential. It would not make sense to purchase a residential home in a sketchy neighborhood...

Benefits of Being a Rental Property Owner Owning rental property can be extremely rewarding. From starting your own rental property business to having extra funds to use for savings or children’s college education, you can easily use rental property as an additional source of income. If you are considering becoming a rental property owner, getting to know the benefits can give you the push needed to start your venture. Extra Income One main benefit of owning rental property is the extra income. If you are fortunate enough to own the property outright, then the rental income you bring in will be...

Before You Buy Rental Property in Chicago If you’re considering buying rental property to increase your portfolio, there are a few things you should keep in mind. Rental property can be a valuable and profitable investment if you do it the correct way. Whether you choose to hire a property management agency in Chicago or if you choose to go it alone, here are five things you should take into consideration. Remember the 1% Rule of Thumb Anyone who has ever invested in property will tell you to remember the 1% rule. This is that your property/investment should give you a...

Why Choose Connected Management for Your Chicago Property Needs When it comes to managing a property for rental income, it can be a daunting task. There are so many things you need to do and to remember, you can get swamped easily and have things fall through the cracks. This is even more possible when you’re managing multiple properties on our own. This is where a Chicago property management company such as Connected Management comes in. They provide you with a variety of services that can assist you in making sure all your tenants are taken care of, and your property...

Tips to Keep Solid, Quality Tenants in The New Year When it comes to retaining tenants, it is one of the most important aspects of your job as an investor or property manager. You want to make sure that not only do you keep tenants that pay, but that you keep tenants that are in the home for the long run. There are a few Chicago property management tips to put into place when it comes to retaining those quality tenants you have or may gain in the new year. Take a look at these tips below to help you reduce...