Connected Management Blog

Tips for New Landlords in Chicago Are you just now getting into the real estate investment market? If you’re a new landlord, you may be feeling overwhelmed and a little anxious about your new adventure. Managing a Chicago condominium can be quite a daunting task at the beginning. You may be curious as to what you are responsible for, should you hire a Chicago property management company, how you will go about finding tenants, and what your safety requirements are as well. All these questions can seem to take over your excitement at becoming a new Chicago investment property owner. Here...

Tips for Finding Great Tenants The lifeblood of any rental property is the tenants you place in the property itself. Whether you have bought an established property with tenants in place or you’re looking to find new tenants, there are a few things to keep in mind as a Chicago property owner. You not only want tenants that pay the rent, you want tenants you can trust to take care of the condominium like you would. You want tenants that will take pride in the home and help to make sure that other tenants want to stay around as well. It...

Tips to Handle Rent Increases as a Landlord A hard and fast truth is that the price of everything is going up. From the price of milk to gasoline fluctuations, the economy tends to be on an upward trend of raising prices. That also means the cost of living increases and even mortgage payments if you’re not on a fixed rate. One issue this can lead to is having to increase the rent your current tenants pay for their Chicago condominium. Rental increases for new tenants is simple as they’ve never rented from you before. However, rental increase with current tenants...

What to Look for in a Property Management Company As an investor in property in Chicago, you want to carefully consider your options when it comes to running and managing your properties. It is important that if you intend on investing in more than one location, you consider hiring a Chicago property management company. There are many benefits to leaving the everyday running of your condominium to someone who is skilled and experienced in this matter. From securing quality tenants to managing the maintenance and repair requests, you want someone in charge of your Chicago property that knows how to handle...

Tips for Buying an Established Rental Property As a real estate investor, you may be inclined to buy a property in Chicago that is already inhabited by tenants who’ve been there for some time. When you inherit tenants that are established, it can be quite a daunting task to know how to handle the situation. There are some ways you can make this transition easier by working with the tenants and your property management team in Chicago. You want to get to know your tenants while also informing them of any changes and updates they need to know to keep the...