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....

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...

As a condo board member, you’re probably stressed out and frustrated even if you have a property manager on your side. That’s why it’s important to find a Chicago property management company that can take that frustration out of the process for you. You want to ensure that you have someone you can trust, that you can count on and that you can walk away from the hassles and headaches knowing they’ve got you covered. That’s why so many condo boards and owners just like you work with the experts at Connected Management. The team here strives to offer services that...

Property management is no doubt a lucrative job, but it comes with a certain set of challenges. As a property manager, you would have to deal with various time-consuming tasks and responsibilities. Nevertheless, knowing about these challenges will allow you to devise a strategy to deal with them accordingly. We'll discuss some of the biggest modern-day challenges for property managers.  Biggest Challenges That a Property Manager Faces Statistics show that the global property management market size will have a valuation of $16.47 billion in 2021. This shows that it is certainly a lucrative industry, but there are certain challenges in the...

Rental Market In Chicago: What You Need To Know The pandemic that started in 2020 has caused a fluctuation in the housing market both for buyers and for sellers. Because of the drastic swing and rise for affordability, the rental market has shown signs of swings as well. Some people cannot afford to purchase a home so they look to a rental company to help them find the best place to live at the moment. Chicago property management companies have seen a shift in rental prices and the market over the past few years. What started in 2020 has bled over...