Connected Management Blog

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...

Introduction Property rights are one of the most discussed topics among Chicago property management services. Property rights, as the name suggests, include the legal description of the powers over a property. It also covers intellectual ownership and the use of the property in different circumstances. In the U.S., property owners have certain rights that cannot be violated without legal action. Property rights in the U.S. allow individuals to: SellRentDelegateOr even hold the property in some cases. Each of these property rights has its specific role for the property owners, requires special situations, and has legal procedures involved. A professional Chicago condo...

People can hold their properties as residential or commercial, depending on the status of the property. It is also called the property title and determines its legal status. The kind of title your property holds will impact your investment in real estate. 5 Common Methods of Holding a Real Estate Property Title The property title determines several technical aspects, including taxation. There are several titles and methods of keeping these titles for your property. It’s crucial to learn about these methods before contacting a Chicago property management company, and that’s what we’ll discuss in this article. 1. Joint Tenancy Joint tenancy...

    Introduction Condominiums or “condos” shouldn’t be something new for you if you’ve been a part of managed communities. While most people think condos refer to homes—that’s not always accurate. The full spectrum of the condos is more much versatile than most people think. It’s why Chicago property management services have become so popular. The Condo Price Index for Chicago shows a substantial price increase over the years and is becoming more prevalent in the real estate market. Therefore, it’s crucial to understand and comprehend the distinctions for buyers who prefer living in condos. In this article, we’ll discuss some...

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...