For those looking to turn their rental property into a steady source of income, management companies in Chicago can handle everything from listing a space on websites like Craigslist and Zillow to screening applicants for criminal, employment, and credit history. These companies may also negotiate maintenance contracts with local vendors, conduct tenant inspections, collect rent payments, and provide owners with monthly statements. Some may even handle evictions and landlord-tenant disputes.
Founded in 1988, the management company Three Pentacles, PLLC handles both residential and commercial properties. The firm has a team of professionals who manage condos, single-family homes, and small multifamily housing units. Its team can help clients determine a property’s value, conduct market analysis, list vacancies on more than 80 online sites, and screen candidates using a variety of tools including a criminal background check, employment verification, and rental history. They can also handle tenant-landlord conflicts, mediate financial or maintenance disagreements, and process a fair housing complaint.
In business for over 12 years, the firm CPG Management serves homeowners and investors across the Chicago metro area. Its team handles marketing through MLS and Compass Realty, carries out county or municipal inspections, and conducts code compliance checks. It also processes rent collection, connects tenants to 24/7 maintenance services, and facilitates lease renewals. Additionally, it provides clients with detailed financial reporting and project management tools that can be accessed through an owner portal.
The firm offers both tenant placement and daily management services for residential rental properties in the Chicago area. Its tenant placement plan helps clients earn money from a property sooner by handling marketing, showing the home to interested parties, and screening applications before drafting a lease. Its daily management plans include tenant placement, maintenance coordination, and recurring lawn care and snow removal.
This family-owned property management firm manages single-family homes, townhouses, and two- to four-unit apartment complexes in the Chicago area. Its specialized team handles property inspections, repairs and maintenance, monthly reports, and financial accounting for each unit. In addition, it works with local contractors to find competitive prices on renovation and remodeling projects.
The seasoned management company Chicago Property Services has over 20 years of experience in the industry. Its team works with clients to develop a property investment plan, and they can assist with buying and selling. It also provides property rehabilitation and new construction, focusing on vintage buildings that require partial or full rehabs and a focus on sustainability.
The firm GSBM operates as a boutique HOA and condominium management company, working with smaller communities that have 4-50 units. Besides providing tenant services, it offers management for condo association board members and property owners in Chicago. GSBM’s team can perform semi-annual inspections of each property to reduce maintenance costs, manage financial documents and invoices, oversee budgets, and work with contractors for repairs and upgrades. Its team can also process rental payment online and access invoices and statements through an owner portal. They can also assist with evictions and fair housing complaints.