South Side Chicago Property Mgmt Recommendations

4 Replies

Hi all,

A friend of mine is having issues with their property management company in the south side area of Chicago and I offered to ask the forums here for advice. He currently only pays 6% which is pretty low, but he is discouraged by their performance. Does anyone have any recommendations for property management companies in Chicago? Which companies have given you quality service?

Thank you!

Originally posted by @Mitchell Witkes :

Hi all,

A friend of mine is having issues with their property management company in the south side area of Chicago and I offered to ask the forums here for advice. He currently only pays 6% which is pretty low, but he is discouraged by their performance. Does anyone have any recommendations for property management companies in Chicago? Which companies have given you quality service?

Thank you!

 Talk with @Mark Ainley

@Brie Schmidt   Thanks Brie, and @Mitchell Witkes I would advise your friend to not shop based on price with southside properties.   I think you hit it on the head with you get what you pay for.

I am going to go on my soapbox real quick here:

When shopping for a new manager the difference between 6% & 10% per month is $40.00 per month or $480.00 per year for a $1000 rental but the cost of a PM not being on top of their renewals, poor screening, mis handle of city violations, break in on a vacant property, CLTRO issues, long term vacancy, and so on is a far great cost or loss of a person's piece of mind than $480.00.  These are just a few issues unique to Chicago southside that I see daily as other peoples pain points with other PMs in the area.  

My thoughts are you can pay a budgeted higher amount monthly or variable misc costs over the course of the year with no real stabilization.  

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