You might think that property management is simple. You place your home for rent, get it leased quickly, and then after the tenants move in you can sit back and relax, and collect your rent, right? Wrong! There are so many scenarios that can arise in rental property management that can be difficult to handle, especially for a first-time landlord. Rent is late, tenants cause damage to the property, maintenance issues keep coming up, and neighbors are complaining about your noisy tenants. That’s why Real Property Management Chicago Edge is here for you! We have over 25 years of experience in the industry, and we know how to take care of you and your rental property. Whether you’re investing with Edgewater property management, Evanston property management, or anywhere else in the Chicago, IL area, Real Property Management Chicago Edge wants to give you some tips on how to be a better landlord.
Minimize Vacancy Days
The longer your home sits vacant, the more money you lose taking care of things like utilities and lawn care. Not to mention you have to cover the leasing fee every month until the property is rented. To reduce vacancy costs, prepare your property to show to tenants as quickly as possible.
Make Sure Your Home is “Rent-Ready”
- Make sure it looks great on the outside or has “curb appeal”
- Check for safety issues
- Complete needed repairs
- Remove any personal items on the property
- Leave utilities on
Budget for Maintenance
Usually, maintenance costs total about one and half month’s rent. Set aside money every month for the eventuality of broken appliances and needed repairs.
Respond Quickly to Maintenance Requests
Successful Edgewater property management begins with clear and constant communication between you and your tenant. If you don’t take care of a maintenance issue promptly, not only will your tenant be upset, but they also won’t want to renew their lease.
If you’re looking for experienced and efficient Evanston property management, look no further than Real Property Management Chicago Edge. We have the resources and tools to keep your investment profitable and your tenants happy. Give us a call today!