Property Management Blog

With the summer winding down, now is the time to start thinking forward to the upcoming fall and winter season. Chicago winters are notoriously brutal and now is the best time to start preparing. Here are the items that Chicago property managers recommend to check now in preparation for the upcoming winter. Furnace: Is your furnace/he...

Tenant turnover can be one of the most costly parts of owning investment properties. Handling the maintenance needed to the property to get it ready to re-rent and the time the property is sitting vacant are costly endeavors. To help keep your costs low, you have to try and keep good tenants. Here are 3 Chicago property management tips to...

Every property management company in Chicago charges differing fees to manage an investment property. There are a number of factors to consider when working with a property management company to determine if their fees are too high: How Much Does the Property Management Company Charge to Fill A Unit? While it is important to understan...

As a leading residential property manager in Chicago, we know that every single day counts when the property is vacant and we can dramatically decrease the number of days a property is vacant. We have an in-house construction team that can go out and completely check over a unit, paint it, and get it rental ready. This means checking ever...

While property management companies do come at a cost, they can save you money while working with your investment property. Finding the right tenants, screening them, maintaining the property, and handling tenant issues are just a few of many tasks that property management companies can take off the back of a real estate investor. Here ar...

Today, Letts Property Management held our first monthly owner call . The call kicks off our monthly owner call series to cover a number of property management and real estate topics, with the goal of giving owners as much information about property management, Chicago real estate, and other topics as possible. This first call focused on ...

When it comes to your investment property, you cannot hand the keys over to just anybody. Handing over the keys to your investment property can be a hard step to take, but if you take the right precautionary steps while finding a tenant you can rest easy knowing you did your homework and that you picked the most qualified tenant. Tenant ...

Owning property is not only an investment, but also a service to the tenant. Providing a safe and secure place for a tenant to live is one of the most important landlord responsibilities and failure to do so could lead to people branding your property as a slum and you a slumlord. While inspecting rental properties, there are many mainten...

Owning investment properties in Chicago is one thing, but owning investment properties in Chicago that make you money is another. One of the biggest factors in your investment property making money is picking the right tenants. Having the right tenant can turn your investment property into a hassle-free money maker; while having the wrong...

The Chicago real estate market is one of the hottest rental markets in the country. While Chicago real estate can be a great investment; if you do not keep your eye on your property things can go awry in a hurry. If you live out of the area or do not have the opportunity to visit your property, hiring a property manager in Chicago can hel...