Latest Posts

The Many Benefits Of Using A Property Management Service

Posted on

In your everyday life, you get up, do your morning routine, get ready, get breakfast, go to work, do your work, go home and rest until you fall asleep. For some, this might be the main routine to your lives and that’s just a very vague description to it. It doesn’t even include all the details about the hard work you do at your job, the struggles you have to handle with traffic, the problems you have with you family or spouse.

Although your life can be pretty hectic, the universe sometimes doesn’t give you a break especially when you are the type who is focused, determined and motivated to reach your personal goals in life. With this, a lot of you with very heavy jobs may have an idle property that you have not been using or putting into operation of gaining money due to your busy schedule.

If this exactly, or maybe even slightly, describes your current situation, then property management is what you need. To briefly explain this, it is when you hire a person, or what we call a manager, to look over or oversee the day to day operations of your property.

BENEFITS OF PROPERTY MANAGEMENT

When you hire a property manager, you don’t have to worry about screening the tenants yourself. You have the property manager to do that for you! Given that you would have to meet potential tenants one by one, it becomes too time consuming and maybe even complex. However, with a management company like this, you’ll most likely have:

  • Tenants who would have longer term rents
  • Tenants who would pay their rent
  • Someone to take care of your property
  • Someone to take care of the problems in the property

All of these are important and beneficial factors to getting a property management, however, the greatest benefit out of them all might just be the possible legal problems that would occur on your property. Hiring a property management service for your properties will be helpful in avoiding lawsuits, giving you a bit of financial assurance and security.

This can be done by property managers who are keen on sticking to the law. This can be considered as another benefit as they would be very knowledgeable about the rules and would know how to implement them. Examples to this would be:

  • Avoiding discrimination lawsuits
  • Maintain your property
  • The Use of real estate attornies
  • Method of proper rent collection
  • Laws are followed when kicking out bad tenants

How Do Home Investors Manage All Of The Properties They Own?

Posted on

In the past few years, the term “investing” has been floating around the internet from one social media platform to another. It has grown quite a lot in popularity as many people have claimed to say that this is a sure one-way ticket to success and easy money. And for disclaimers, they say it might be the quickest way to bankruptcy and rock bottom.

Both of these claims are true in reality. Going into investing is indeed a way for you to start taking steps towards success however, this can only be achieved if you work hard for it! (Сheck out tips from real estate investment firms Chicago, to increase your profit.) If you work hard, getting involved with the investments industry will have little to no risk. And if you aren’t the type who wants to be too stressed out but also wants to gain profit, becoming a home investor may just be the right thing for you.

Becoming one of these home investors would mean that you will have several responsibilities. A deep understanding of economics and risk will help you buy good properties, avoid loss of money, and gain profit through various ways that we will be discussing in the next part of this article. Now, the main question is how do home investors do what they do?

CASH FLOW INCOME

This method of profiting from home investments is when real estate property is bought and have it operated, as in gain money by having tenants, offices, or small businesses rent it. This will cause a continuous stream of profit flow.

REAL ESTATE INCOME

This method of gaining profit is a common way for specialists to get into. These are mostly handled by brokers wherein they make money by selling and gaining commissions. How this works is when they have a client, they help them with selling or buying a particular property and they get a portion of that money. In some cases, they can even get a portion of rent profits in a long run.

ANCILLARY INVESTMENT INCOME

Out of the other methods of handling properties, ancillary real estate may be the least popular method. This is when small income businesses such as laundry rooms or vending machines make you money. A lot you may not know this but this method can actually garner you a lot of profit as it aims to provide everyday services, which means there’s profit every single day.

Own Property In Chicago? Let Someone Else Handle The Headaches

Posted on

Whether it’s a troubled rental home in the village of Long Grove, or an empty and dusty apartment complex in downtown Chicago, management and maintenance of the property can be time-consuming and difficult. If that property is just on standby because you barely have time to handle it, then you should hand the responsibilities over to a qualified Chicago property management company.

With a Chicago property management company, your investment will be handled properly. This includes any necessary building work and maintenance, leasing and selling. All that you need is under the umbrella of their care as their team of talented individuals will be tasked to personally handle your matters!

The thing is, just like you, this company has a few investment properties of its own. They relate to all the property owners out there who struggle to handle their own homes or buildings. With this, they will be able to sit back and relax, and have someone else deal with these. Earn money and manage your property, from your couch!

MISSION OF THE COMPANY

With focus and motivation, this company aims to provide the best care there is for specialized management for multi-family buildings and these single-family home rentals. Their works are shown to be diverse, as much as their investors. The company is capable of customizing management plans that would be up to the standards of individual investors.

THEIR INNOVATIVE TECHNOLOGY

Ever since the beginning, this company have been putting their best foot forward for every client and investor to provide the best service there is. With this, they invest in the latest and best technology to promote the efficiency and effectiveness of their work.

The well-maintained and updated in-house app features and online owner portal that runs smoothly for client use. Automating processes and other systems are important in managing properties and so the key feature of their high-end technology is providing the best and most profitable experience in investment.

THEIR HOLISTIC SERVICE

With experience and expertise, delivering full-service with comprehensive solutions is the key feature of a Chicago property management company. Their staff is very much well-qualified and trained to best give and provide you your needs as they are equipped with knowledge and understanding of the local Chicago estate market.

Their agents and employees will provide hands-on management to your property’s investment process, guaranteed guidance from the moment of acquisition and rehabilitation by the process of leasing and the overall maintenance.

Houston Rental Property Owners: Let Someone Else Manage Them

Posted on

Buying a rental property and putting it into full operation may seem like a quick and easy way to earn money and gain profit. However, much like anything that is involved with money, it’s seldom that easy. Planning will always be the first step in entering the home investment industry. And that can lead to doubts and concerns about managing your rental property.

Houston property management companies exist to aid you in your home investment needs. If you need to maintain and find renters for your property, these companies might just be the best way for you to live a happy and stress-free life. A property management company has several responsible and talented agents who are skilled and an expert in handling other people’s businesses.

Hiring a property manager would mean that you will be fully giving up all the responsibilities of being a landlord while earning money. It’s that easy! Say goodbye to collecting dues, dealing with inquiries, and hands-on fixing problems on your own. You have your property manager to handle all of that! To be more specific, let’s go over these things that you will be handing over to your property manager:

MAINTENANCE OF THE PROPERTY

Now, even if you aren’t a tenant to your property, it would be natural for you to want it to be in its best state possible. Therefore, maintaining your property by detecting and addressing problems is one of your main responsibilities as a homeowner. But with a property manager, you won’t have to deal with this anymore. Just get reports and give the go signals for the solutions and that’s it. You are done for the day!

DEALING WITH TENANTS

Given that you rent out your property to a lot of people, it would mean that every day, it is in use, this affects your property’s health. With a Houston property management company, you won’t have to be to deal with differentiating the good from the bad tenants. Your property manager will be the one doing all the screening and finding the responsible tenants for you.

MANAGING MONEY

This can be the most difficult thing to deal with in the home investment industry. Collecting and managing the money you receive from your tenants are two separate things that you have to do simultaneously to calculate and pay the right income tax return. If you fail to do so, you might just be served with a tax evasion lawsuit. Avoid this by hiring your property manager now!

Chicago Real Estate Values Are At An All-Time High

Posted on

Chicago real estate values have been reaching new heights. Property values continued to rise from last spring up until now, and they remain strong even though there are some predictions that the market may cool down for a little while due to rising interest ratest that would be triggered by inflation.

With this, the big question is “What happens now?” The answer to this may not be straightforward, but several factors such as the effect of the COVID 19 pandemic on the market have contributed an air of uncertainly. But even so, the possibility of values dropping considerably may be unlikely, as experts have predicted that the prices and the sales in the Chicago area are going to remain above 2020 numbers. 

DATA COMPARISON OF PRICES

It was reported on September 6, that in Chicago, the median price in December 2020, was up to $307, 500. This is about 11.4 percent above the December 2019 median price of $276,000. And on top of that, at the end of the year, the median price even went up to $316,000, which is 7.1 percent above the 2019 median year-end price of $295,000.

Chicago is an area that has a low cost of living. They have a large inventory level of housing and even have high affordability as there are also a large number of tenants. If you think about buying properties as investments, then the time is now to make this excellent choice. The market is hot, that’s how you know when to strike!

Given that you have no other financial or personal reasons not to buy investment properties, then this is the sign that it’s a great time for you to buy! However, make sure that you do your research and look into the available properties to buy and invest in. The sales prices and these interest rates being low may be giving you too much excitement that you may just impulsively purchase without thinking properly. 

With this, I will list down Chicago’s best and finest neighborhoods that will surely have you contacting leasing agent chicago. The areas listed below are created by their amenities per capita, the quality of life, the crime rate, and high school graduation rate:

  • Near North Side
  • Lincoln Park
  • Lake View
  • Near South Side
  • West Town
  • North Center
  • Edison Park
  • Lincoln Square
  • Near West Side
  • Beverly

How Do You Rent Your Houston Home To A Reputable Tenant?

Posted on

Being a landlord is many people’s dream, as it provides a constant passive income. Even without a job, you’d be able to live with just the rent of your tenants. This is probably why a lot of people have been investing in property. However, it may not be as easy as it seems.

Given that repairing damages within your property and paying for lawsuits that might occur is not inexpensive, you will have to be very meticulous when it comes to overseeing it. However, being a landlord is not that easy and you may not be able to prevent all of these from happening. Therefore, picking the right tenants is crucial for your pockets.

When renting your Houston home, you’re going to have to find the best tenants there are. There are several good rental property management out there but to pick the best one, you’re going to have to look out for a few good qualities, and give in effort in attracting the right people. With this, I will be presenting three factors:

CONDITION OF YOUR PROPERTY

You found the right tenants isn’t going to be enough. Grooming your property to look the best that it can be is the best way to attract good tenants. The logic to this is that if you want to find good tenants, you must be appealing enough to be up to their standards. If you think about it, it is similar to buying a car. You wouldn’t be spending your money on something that isn’t worth your hard work right?

ADVERTISING

When renting your Houston home, you must reach out to a lot of tenants. Keep your options open and have these tenants fight for your home with the best offer! This won’t happen if you only have a handful of people up on your list of potential tenants. With this, up to your game with a good advertising strategy! You need a lot of attention. Make sure your advertisements have detailed descriptions and photos that are professionally taken.

SCREENING

The third and final step is finding the best tenants. Make sure that if and when you do meet up with a potential tenant to make business with them, document each process, and keep your professionalism. Make sure that they have a good credit history, and that they are capable of paying on their dues and when you find a good tenant, make sure you lure them in with the best assets of your Houston home.

Don’t Try To Find Investment Properties In Chicago On Your Own

Posted on

Are you looking to make a real estate investment in Chicago? Then your search is over. Find all the information about buying Chicago investment properties here. With Chicago being one of the biggest cities in the United States, buying investment homes now may be the best choice.

However, even with low interest rates, you must remember not to impulsively buy the first property you see or the first property you scout. When looking into investment properties in Chicago, you’re going to have to consider a few things. This isn’t going to be an easy task. Hiring a real estate investment company in Chicago to help you with your needs is a smart thing to do.

To keep your search a little short, this article will present a list of good neighborhoods for you to look into. Here is the list:

#1 Rogers Park

Although this may be an older type of neighborhood within Chicago, it is dominated by a lot of friendly people who reside in small family type of apartment buildings. They are very much affordable and safe to walk around the neighborhood.

This attracts a lot of people who would want to look into investment properties in Chicago. Its main feature is that it is a very accessible area as the commute is easy and it is located only 10 miles from downtown. Public transportation is readily available to be accessed by people through bus and rail lines.

#2 Logan Square

Much like Rogers Park, Logan Square is quite old as it is a century-old area and neighborhood in downtown Chicago. It maintained its classic look of streets covered with trees and their greystone buildings that complement the huge greenery of Palmer Square. Ever since this neighborhood has had decent appreciation over time. The downside to it is that it may have a bit of a high price in terms of rent.

#3 Pilsen

If you want to buy a property that may have a bit of diversity in it, then the Pilsen neighborhood may just be for you. It is on the Lower West Side of Chicago and it features a variety of infrastructure ranging from condominiums, buildings of apartments, and single-family houses. This is more of a suburban feels to it, attracting mostly families, with parks and amenities having an average rate. With this, the Pilsen neighborhood offers to be the most profitable out of the three.