Connected Management Blog

Being a part of a condo board is a highly complex job that is rewarding but comes with its fair share of challenges. A key dilemma for board members is to strike a balance between resident needs and upholding property values, both of which are critical for a smoothly functioning community. However, a number of recurring obstacles stand in the way of the most dedicated boards in pursuit of their responsibilities and duties.  Therefore, it's crucial to understand the most common condo board property management challenges and how they can be tackled so that boards can work to their full potential....

The end of summer marks the beginning of a critical task for those involved in condo boards- preparation for the upcoming budget. Of all board activities, budgeting is undoubtedly the trickiest and complicated, but it is key to keeping your building up and running while earning the trust of your owners.  Here’s a step-by-step guide to give you the confidence to master budget season, whether you self-manage a board or work with a property management partner. 1. Review Current Financials and Reserve Funds Scan your year-to-date financial statements to assess whether your operating budget is still on track or your reserves...

Small details are frequently forgotten, especially if the problems seem like they need to be more urgent. But, a buildup of these little issues will inevitably result in more serious ones. If you're still unsure as to why keeping properties in the best shape through Chicago property management is essential, keep reading as we go over the primary benefits of it: Protected Property Value Property is a form of investment bought with the hope that its value will increase overtime. If you decide to sell it in the future, a well-kept property will generate more interest and sell for more money...

Navigating the world of property management is like orchestrating a symphony – every note needs to be in tune to create a harmonious living environment for residents. Amidst the intricacies of Chicago property management, Chicago condo management, Chicago condominium management, and condo association management, legal considerations play a crucial role in maintaining the rhythm of operations. Let's dive into the key legal aspects that property managers must harmonize to create a seamless living experience while staying within legal boundaries. Tenant Rights and Responsibilities One of the fundamental legal considerations in property management is understanding and upholding tenant rights and responsibilities. Whether...

Introduction Chicago, known for its vibrant urban lifestyle and diverse real estate market, is home to numerous condominiums and condo associations. Managing a condo property requires skillful oversight and a comprehensive understanding of the unique challenges that may arise. We will explore the vital aspects of condo management in Chicago, emphasizing the importance of professional property management services and their role in ensuring the success and smooth operation of condominiums in the city. A Professional Approach Chicago property management companies specialize in overseeing various types of properties, including condominiums. These professionals possess the knowledge and expertise to navigate the complex world...