One mistake that many new and even experienced property investors make is under evaluating the value of their property managers. While many tasks that a property manager takes off the hands of a property owner are obvious such as collecting rents, handling tenant calls and the tenant-landlord relationship; other responsibilities that a good property manager handle are not so obvious.
Asset management: The best property managers will have your property investment at heart. Your property is an asset and one that you would like to be profitable and successful as an investment. The best Chicago property managers will look at your asset and make recommendations and do what they can to help you make the most of it. A property manager can make recommendations to fit your investment style and maximize your asset for many years to come.
Leasing Advantages: Utilizing a property manager in Chicago can pay big dividends when you need to get a property filled. Property managers build relationships with leasing agents and realtors in the area they manage properties in and their signage can be just what your property needs to get filled fast. On top of those advantages, a property manager will handle all the leasing logistics and provide your property with maximum exposure to make sure that every potential tenant can find your property so that only the best is selected for your unit.
The best Chicago property managers will be able to fully explain the value that they can provide and the benefits that property owners can expect to see. For more information on what to look for in a good property manager in Chicago, check out our recent post entitled The Benefits of Choosing a One Stop Shop Property Management Company or contact us today for more information.