Rental Property Tax Deductions: What Landlords Should Know – Keyrenter Chicago North
There are many exciting and interesting things to learn about being a landlord. But, one of the most often overlooked topics is rental property tax deductions! As a new or experienced landlord, you need to take the time to become a master of your taxes to ensure...
A Landlord’s Guide on How to Help Tenants During the Covid-19 Pandemic – Keyrenter Chicago North
The COVID-19 crisis has left millions of Americans in a tight financial spot. Many have been furloughed, laid off, or had to close their businesses. Others are saddled with medical bills from hospital stays or are dealing with grief from losing a loved one to the...
Essential Things to Do If Your Tenant Can’t Pay Rent – Keyrenter Chicago North
The COVID-19 pandemic has put over 40 million people out of work in the US–a full quarter of the labor force. While there are no reliable estimates as to how many of these people are renters, we do know that nearly 50 million people in the US rent their homes. ...
How to Choose Whether to Sell or Rent Out Your Property
If you’re looking to move out of the place where you are currently living, you have a choice in front of you: Do you sell or rent out your property others? Making that decision can actually be more difficult than you might think. There is a multitude of factors that...
5 Landlord Responsibilities Every Landlord Should Know – Keyrenter Chicago North
Did you know that there are over 48.5 million rental units in the US? While there aren’t many accurate statistics on how many landlords there are, suffice it to say that that million rental units means that there are quite a few landlords across the US. If you...
Property Pricing and The Myths Associated With Landlords – Keyrenter Chicago North
Many individuals are aware that investing in property management is a great way to increase their annual income. And knowing how hard it can be, many determined individuals still choose to dive right in! In doing this, it is important to stay away from the various...
How Property Management Can Streamline Your Rental Business – Keyrenter Chicago North
When people take their first steps into becoming a landlord, they often expect that it will be a simple way to make a passive income. The dream is clear: find a tenant, put them in your property, then sit back and relax as the rental payments come in. The reality is...
What are The Reasons to Rent or Buy a Property?
Choosing whether to rent or buy a property such as a home or a condo can be a difficult decision. The decision is tied up in a variety of factors from your credit score to the amount of time you plan on staying in the property. We’ll help you sort out the aspects of...
How to Choose the Most Cost-Effective Options When You’re Renovating a Rental Property
When you set out to renovate your Northern Chicago rental property, it’s easy to get carried away. It is easy to think that the more money you spend on the project, the more money you will make back in rental income later. That is not necessarily true. Yes, if you...
How to Spot and Avoid House Rental Scams
If you are looking to rent a home, condo, or other property, there is a lot to worry about. You have to make sure the area is safe, the property is in good condition, the property is in your budget, the commute is worth the extra gas money, and on and on. You should...
Legal Issues – What Landlords Must Know About Tenant Rights in IL
There are several Illinois state laws that give both landlords and tenants specific legal right. These laws and judicial decisions help landlords avoid violating tenant rights. Here are 5 things every landlord must know about tenant rights in IL. Illinois Tenant’s...
What To Do If Tenant Abandons Property?
As a property manager, there are new obstacles to face quite frequently. One obstacle that can be frustrating is when a tenant decides to abandon the property. Property managers need to oversee residents moving in and out, but what happens when someone just leaves?...
Biggest Mistakes Made by a DIY Landlord
Part of being a property owner means learning from your mistakes. As a property manager, it is easy to think the job won’t be that hard, only to find out it is much harder than you anticipated. From charging too much for charging too little, here are some of the most...
The Good, The Bad, and The Ugly When It Comes to Owning a Rental
Owning and managing property can be an excellent way to make a living and a career as well as build long-term wealth. Many people enter the real estate market at some point in their lives. More than half of all Americans will buy property. In addition to buying a...
Capital Expenditure vs Repairs and Maintenance: Making the Choice
As a property management company in Rosemont, you have to keep your investment in great shape to ensure that you keep tenants or attract new ones. That’s why it is so important to perform regular improvements on your property. However, it is important to...
Property Loan for Financing a Rental
What is a Property loan? Property loans are a common source of financing for property owners. They allow such individuals to make their investments while using the same properties as the charge upon which lenders can legally claim their debts. Importance of using...
Why Renting Is Better than Buying?
Owning one’s own home has long been a key component of the American Dream, and the allure of striving for that goal and enjoying the fruits of those efforts is certainly understandable. It may be the right choice for you now or someday, but real estate professionals...
Find Tenants: 6 Qualities of a Great Tenant
Real estate owners and property managers in Niles are often faced with the daunting task of finding great tenants. One bad tenant can result in costly damages to the rental property, as well as an expensive and time-consuming eviction. Which is why it is important to...
5 Ways to Begin Making Money from Rental Properties
One of the best forms of passive income is the classic rental property. If you own a rental property, you can easily use it to pay off the mortgage, clear any other debt and build wealth. One of the amazing parts of owning a rental is that you can figure out a few...
Creative Marketing Strategies to Maximize Applicant Traffic In your Apartment Listings
Every property manager dreads to see a couple of vacant properties in their complex. Even a single vacant property is enough to cause sleepless nights for them. All they can think about is how to fill that vacant apartment with a good tenant, and they can only be at...
The Best Policies for Pet-Friendly Apartments
Apartments that allow pets were once the exception rather than the rule but much has changed. As a whole, the industry realized that pet-friendly apartments could be quite successful. Great pet owners generally make great tenants and allowing pets can make your...
Tips for Rental Property Accounting Records
As an owner of rental properties, strong accounting records are in your best interest. However, they’re also expected of you by the IRS and any financial institutions to which you’re obligated. This area of property ownership holds many pitfalls for both owners and...
Should You Look for a Furnished Rental?
Many people rent an apartment or home do so in order to reduce the amount of work and commitment they must give to their living space. To take that ease one step further, some renters choose to look for furnished space. Although nearly all rentals come with major...
Questions of a First-Time Landlord
Many people who invest in their first property will have questions once they have their first tenants. You can read, research and feel prepared, but without experiencing a real situation, you can’t know how you’ll react. Here are some of the questions a...
How To Improve The Property Manager Communication With Tenants
There are many ways that property managers can benefit from communicating regularly with their tenants. Good communication helps improve tenant satisfaction levels and retention. This will help you make more money. There are many things that you can do in order to...
Preparing Your Home for Autumn: Maintenance Tips for the End of Summer
*This article was originally posted on RIS Media – http://blog.rismedia.com/2016/autumn-maintenance-tips It’s almost time. Sigh. Summer is drawing to a close, like it or not. Before the leaves fall and the wind turns chilly, it’s a good idea to do some seasonal...
How To Prepare To Move Into Your First Apartment
Moving into your first apartment can be very exciting. However, there are many things you will need to do before and after you move in. This is a huge transition, but there are things you can do in order to ensure this transition goes as smoothly as possible....
4 Tips for Making Your Apartment a Kid-Friendly and Fun Home
Living in a small space can be hard as an adult, but add children into the mix and it can get even more difficult. The fact is that children need their own place to play and many apartments are not roomy enough to provide them with their own playroom. However, the...
3 Ways Home Inspection Software Can Save You Time
When you rent out property to renters or maintain a property, it can become backbreaking work. Understanding every menial detail, what needs to be fixed, how much something will cost, and where to acquire different materials can leave scatter your focus and leave you...
How to Cure the Two Most Common Landlord Blues
A landlord provides their tenants with a place to call home, but it can be as challenging as it is rewarding. Every property manager has faced sleepless nights worrying about past due rent checks and buildings overrun with pests, but there are ways to keep the...
Learn How to Make Your Tenant Happy with These Tips
If a tenant is happy the place that she lives, then he or she is much more likely to renew the lease. There are a number of things that landlords can do in order to make their tenants happy. Below is a list of tips for making your tenants happy. Stay On Top Of...
3 Effective Ways to Advertise Your Rental Properties
For those individuals who like to own and rent out property, we understand at Keyrenter Chicago North that it can be tough to obtain and keep good tenants for your apartments, houses, or other rooms. More often than not, you will find that you either have rental...
How to Spruce Up Your Rental Property Without Spending a Fortune
There are many ways to spruce up your rental property on a budget. You can enjoy having a property that looks neat, tidy and inviting. When future renters walk into your property, you want them to be able to instantly imagine themselves living there. You can hire a...
The Right Property Manager: How Do You Know?
According to economists at Zillow, the Chicago real estate market will slow down in 2016. A property manager needs to know what to do to attract more tenants and keep the ones they currently have. They need to adhere to specific guidelines to help run their building...
Landlord Rights: The Basics of Property Entry
As a landlord, you have several distinct advantages over your tenants, chief among them being your access rights. Though using your power to break up the occasional party may seem tempting, familiarize yourself with your state’s rules regarding random entry first....
Local Property Manager Joins National Association
Keyrenter Chicago, IL – John Golden, a local leader in the residential property management field, recently was accepted as a member of the National Association of Residential Property Managers (NARPM®), joining more than 4,000 residential property managers from...
Tenants: Don’t Settle for a Chicago Rental Property You Don’t Like!
The truth of the matter is that Chicago real estate and the rental demand is going up, which means that more and more landlords are running to set up a Chicago rental property for people like you. As a renter, you have a ridiculous number of properties to choose from,...
4 Steps You Should Never Skip When Screening Potential Tenants
A landlord’s worst nightmare is a tenant that he or she has to evict; it’s a costly and drawn out process with limited upside. Troublesome tenants are a headache best avoided, and the easiest way to do that is to key in on the most important steps of the process for...
How Can I Use Color to Make Small Spaces Look Larger?
Are you concerned that your new rental home lacks the square footage to truly decorate? We have good news! With some clever arrangement, you can make small spaces look larger. Nothing better than when a room opens up into a more open, welcoming space. No doubt you...
How to Make Moving Easier for the Whole Family
Moving to a new home, especially if it’s in a new city, creates stress. This stress can be troubling for children who do not fully understand what’s going on. Though adults can justify changes in environment and routine, little ones need extra time to process. When...
Here’s All You Need to Know About Welcome Packets
As a landlord, you want to provide incoming tenants with helpful information to make the transition into their new home or apartment as easy as possible. Welcome packets is a great way to deliver that information. What Goes into Winning Welcome Packets? If you’re...
Should You Rent a Single-Family Home or an Apartment?
As you shop for your new home, it is likely that you’ll come across a number of very different options. In this increasingly competitive market, the cost to rent a single-family home is often comparable with that required to rent an apartment. With cost being less of...
How Can I Improve My Chances of Getting My Security Deposit Back?
Upon renting a home or apartment, the landlord or property manager will often require a security deposit. A security deposit ensures that, when tenants leave, the home or apartment is in the condition in which they found it. If the tenants meet certain standards, the...