Trev is a multiple property owner in Chicago.

When Trev inherited a rental property in Chicago from his grandfather, he was excited about the potential income. However, he soon realized managing tenants, repairs, and finances wasn't as simple as it looked. That's when he decided to hire a team of real property managers to handle things professionally.

Interestingly, He was inspired to delegate after watching an NFL game where star quarterback Trevor Lawrence suffered an injury. It made him realize the importance of having a strong team to back you up when you can't do everything on your own. Just like Trevor Lawrence relied on his team, Mark decided to trust the experts in property management to support him.

Let's walk through Trev's journey and understand how property management works — and why it might be the best solution for landlords in Chicago.

HIGHLIGHTS:

  • Finding the Right Tenants
  • Setting Competitive Rental Prices
  • Handling Day-to-Day Operations
  • Legal and Financial Oversight
  • Maintaining the Property's Value

1. Finding the Right Tenants

Trev's property managers started by advertising his rental, screening applicants, and conducting background checks to find reliable tenants. They ensured his property was leased to someone who would take care of it like their own.

Q: Who finds and screens tenants?

  • Property managers handle the entire process.

2. Setting Competitive Rental Prices

The management team analyzed market trends in Chicago to set the perfect rental price. Trev's property stayed competitive while maximizing his income.

Q: How is the rent price determined?

  • Property managers analyze market trends and local demand.

3. Handling Day-to-Day Operations

Trev and his family no longer had to worry about collecting rent, scheduling maintenance, or fielding late-night emergency calls. His property managers took care of everything, from small repairs to ongoing tenant communication.

Q: Who handles daily property management tasks?

  • The property management team.

4. Legal and Financial Oversight

Keeping up with Chicago's rental laws was overwhelming for Trev. His property management company ensured his property was compliant with local regulations, handled lease agreements, and even provided detailed financial reports.

Q: Who ensures legal compliance and manages finances?

  • Property managers take care of it all.

5. Maintaining the Property's Value

From seasonal inspections to preventative maintenance, Trev's property managers kept his rental in excellent condition. This not only saved money in the long run but also preserved the property's value.

Q: How does property management maintain property value?

  • Through regular inspections and timely maintenance.

The Result

With professional help, Trev's property became a source of steady income without the stress. He had more time to focus on his family and hobbies, knowing his investment was in capable hands.

If you're a landlord in Chicago, consider how a property management company can make your life easier. Let real property managers handle the hard work while you enjoy the benefits of being a property owner!