We are often asked what we do as your property manager in the Chicagoland area. There’s an extensive list of things we take care of for our owners and investors during the leasing and management of their rental homes. Today, we’re just going to run through a general list of the things we do for you. If you’d like to hear more specifics about each of these things, we invite you to give us a call.
Filling Vacancies and Leasing Chicago Rental Homes
One of the first and most important things we do for our clients is to fill vacancies. This is vitally important to keep your investment home cash flowing. We advertise your rental property on more than 80 websites plus the MLS. Once we begin to generate interest, we handle calls and inquiries from prospective tenants.
After applications begin to come in, we conduct a thorough tenant screening process. This includes national background checks. We do a lot of investigating before we approve a tenant for your property. It’s our experience that spending even an extra 10 or 15 minutes on the screening process can earn you tenfold on your investment. Spending an hour on background checks can really make a difference when it comes to placing the right tenant.
Then we manage the lease signing. We have the best lease out there when it comes to Chicagoland property management. This lease document is bullet proof, and it offers as much protection as possible to you and your tenant. I have been leasing and managing investment homes since 2003, and I take a lot of pride in our lease agreement.
Full-Service Chicago Property Management
Another thing we provide our clients and our tenants is a 24/7 maintenance hotline. Tenants can call in at any hour of the day or night, and we answer the phone. We have a full-service repair staff in-house, and we can respond to any emergency or routine maintenance request that comes in.
We handle rent collection as well. There are so many ways to pay when a tenant rents from our team. We have online payments, we accept checks, and we will even go out and pick up the rent if we have to. Rent is always due on the first of the month, and it’s considered late after midnight on the fifth of the month. If the check is postmarked on or before the fifth, we’ll accept it.
You get to keep the late fees if rent comes in late. That money goes to you. We also take care of the accounting associated with your property. You can expect to receive an owner’s statement on the 20th of every month.
Finally, we coordinate evictions. No one likes to talk about them, but they’re real. They happen, and we handle things as quickly and efficiently as possible.
Communication is the most important thing to our Chicagoland property management services. If you’d like to hear more about how we can help you with your investment property, please contact our team at MF Cashflow.