Make the Right Decision for Your Home
Partnering with a professional property management company in Chicago provides a number of distinct benefits. Your property manager ensures your home is occupied with great tenants, handles day-to-day operational responsibilities, and keeps your financial records in good shape. Unfortunately, all property managers are not created equal—making the wrong choice could have devastating consequences. Before you sign on the dotted line, use the tips below to choose the right property manager.
Look for Experienced Teams
Any property manager can make big claims about the services they offer, but it takes an experienced real estate team to generate real results. When speaking to a potential manager for your property, don’t shy away from questions about the firm’s experience with other homeowners. An established property manager should be comfortable talking about the challenges of the market and highlighting some of their unique achievements in the management industry.
Don’t Discount Industry Credentials
Property management professionals should be affiliated with industry groups that regulate how real estate professionals operate. A reputable property management company in Chicago will be proud of these credentials, because they demonstrate the firm’s credibility. At the very least, look for accreditation with the following organizations:
- Better Business Bureau
- National Association of Realtors
- National Association of Residential Property Managers
Ask the Right Questions
Stop thinking about property managers as workers who simply perform the grunt work associated with owning a rental home. Instead, a property manager should serve as a trusted advisor. Property professionals are familiar with the ins and outs of the rental market in Chicago, and your manager should feel comfortable giving you advice to help you boost your profits and protect your investment.
Don’t be afraid to ask questions specific to your unit when considering a potential management partner. The right manager won’t simply apply a one-size-fits-all approach to your home.
Look Beyond Price Alone
We get it, prices make an impact on your decision, but the bottom line shouldn’t be the deciding factor when seeking a property manager. Many property firms use cutthroat pricing to enter a market and entice new customers, but bargain basement managers often cost you more in the long run. Cheap management leads to headaches like bad tenants, property damage, and lost profits.
Ready to Get Started?
If you’re looking for information on property managers in Chicago, Illinois, give us a call to schedule a free consultation. We’ll be happy to review our customizable packages with you and answer questions you may have about our firm: (312) 967-3111.
I've been working with John Golden of Keyrenter Chicago North for 5 months now and the experience has been excellent. I needed someone to manage my grandmother's 3 flat building after she moved into a nursing home.
Tim O., Satisfied Client
I am happy to recommend John Golden and his company Keyrenter Chicago North. John has very professionally managed my residential rental property for the last 6 months. Besides his commitment and care of my property, John’s friendly personality makes him a pleasure to work with.
Stacy N., Satisfied Client
After owning multi family properties for over ten years, JR is far and away the best property manager I have been associated with. His attention to keeping expenses low has been a huge contibutor to the cash flow of my properties, and has done an excellent job keeping the apartments full while increasing rents accordingly.
Anthony F., Satisfied Client
I interviewed three property management companies. I decided that John Golden and Keyrenter was the best fit for me. John presented himself as a professional, very knowledgeable about property and city requirements, and respectful of my position as owner of property.
Shirley D., Satisfied Tenant