Update on PRG Management's Facilities Management Services in Chicago

In today's fast-paced business environment, efficient facilities management is crucial for national organizations aiming to maintain seamless operations across multiple locations. At PRG Management, we specialize in delivering top-tier facilities management and maintenance solutions tailored to meet the unique needs of large-scale enterprises.

Comprehensive Facilities Maintenance Services

Our team of seasoned property management professionals is dedicated to ensuring that your facilities operate at peak efficiency. Our national facilities maintenance services include:

• Preventative Maintenance: Performing regular inspections and servicing to prevent potential issues before they escalate.

• HVAC System Management: Ensuring systems have optimal climate control for comfort, energy efficiency, and safety prevention.

• Electrical and Plumbing Services: Ensuring attention to essential systems to minimize disruptions and structural damage.

• Janitorial and Sanitation Services: Maintaining a high standard of cleanliness and hygiene standards across all facilities.

• Emergency Repair Services: Our rapid response teams are ready to address a wider array of unforeseen issues 24/7, rain or shine.

Why Choose PRG Property Management?

PRG Property Management is a full-service property management company located in Chicago, serving clients nationwide. Partnering with PRG Management offers numerous advantages:

• Nationwide Reach with Local Expertise: While we operate on a national scale, our local teams provide a personalized touch to our facilities management services, ensuring that each facility's specific needs are met.

• Cost-Efficient Services: By consolidating maintenance services under one provider, we can drive proven streamlined processes with reduced operational costs and efficient project turnover.

• Proven Track Record: Our management portfolio includes successful collaborations with national brands, including financial institutions (such as Fannie Mae, Freddie Mac, Chase Bank, Fifth Third Bank, and more) and Fortune 500 companies, delivering consistent and reliable maintenance solutions.

Tailored Solutions for Diverse Industries

We understand that different industries have unique regulations & requirements. Our customizable maintenance plans are designed to align with your specific operational goals. The scope of your coverage can be as comprehensive as you desire, allowing you to be more hands-off while your property is cared for. Whether you're in retail, healthcare, corporate offices, or industrial sectors, our facility management services have you covered through it all.

Our Commitment to Excellence

At PRG Property Management, we pride ourselves on our commitment to excellence and unmatched client support, no matter how big or small. Our property management teams keep a finger on the pulse of the latest local and national industry standards and relevant technological advancements to provide you with innovative and effective maintenance solutions.

Contact PRG Property Management Today: Your Trusted Partner in National Facilities Maintenance.

From preventative maintenance to efficient emergency services, it's critical to have proper facilities management procedures in place to keep operations moving smoothly. Discover how PRG Management can enhance your facilities' performance through our top-tier facilities management and maintenance solutions. Contact us here or by using the form below today to discuss your maintenance needs and learn more about our comprehensive services.

How Commercial Property Management Boosts Profitability in Chicago

Investing in commercial real estate in Chicago presents a tremendous opportunity for property owners and investors. With the proper care, a commercial property can deliver a high level of profitability. However, maximizing profitability requires strategic management to optimize cash flow, reduce expenses, and increase property value. Professional Chicago commercial property management plays a crucial role in achieving these goals. Here’s how expert property management increases a commercial building's profitability in the competitive Chicago market.

1. Maximizing Rental Income

One of the primary ways a commercial property management firm enhances profitability is by setting competitive rental rates and ensuring maximum occupancy. Professional Chicago property managers conduct thorough market analysis to determine optimal lease pricing while remaining competitive in Chicago’s dynamic real estate market. A good commercial management team will also implement tenant retention strategies to minimize vacancies and maintain a steady cash flow.

2. Reducing Operating Costs

Effective commercial property management focuses on cost efficiency without sacrificing quality. Property managers negotiate vendor contracts for maintenance, cleaning, and security services, securing the best rates through established industry relationships. By working with an experienced Chicago property management company like PRG Management, you can benefit from the extensive network of trusted vendors for a huge variety of situations. Additionally, routine property inspections and proactive maintenance help prevent costly emergency repairs and extend the lifespan of key assets.

3. Ensuring Compliance & Risk Mitigation

Chicago’s commercial real estate sector comes with its own set of various special regulations, including zoning laws, safety codes, and tax assessments. A professional property management team ensures full compliance with local, state, and federal laws, reducing the risk of fines, legal disputes, and liabilities. This proactive approach safeguards your investment while minimizing unexpected expenses that can arise from legal liabilities. PRG Management ensures our property managers are always up to date on local and federal changes so we can better serve our clients.

4. Efficient Lease Management & Tenant Relations

Just like residential investments, a commercial investment’s source of income is its tenants. Strong tenant relationships lead to higher satisfaction and long-term lease agreements, securing a stable revenue stream. Maintaining these relationships and efficiently handling lease negotiations, renewals, and enforcement requires expertise to protect the owner's interests. When there is no one to ensure tenant satisfaction you run the risk of losing their trust with larger financial pitfalls down the line. The property managers at PRG Management ensure leases are structured with favorable terms, enforce timely rent collection, and mitigate disputes. 

5. Enhancing Property Value & Preventative Maintenance

Well-maintained commercial properties command higher rental rates and attract quality tenants. This includes not only maintaining the grounds around the property but modernizing the property as well. A dedicated management team oversees renovations, curb appeal improvements, and energy-efficient upgrades, all of which contribute to long-term appreciation. An experienced commercial property management team will also perform regular preventative maintenance efforts that align with enhancing a property’s value. 

6. Leveraging Technology & Data Analytics

Modern property management companies like PRG Management, use cutting-edge technology and data-driven insights to optimize operations. Predictive maintenance software, digital lease management systems, and real-time financial reporting provide transparency and efficiency, allowing owners to make informed investment decisions and maximize profitability. Clients who work with PRG Management get access to an app and dashboard that provides key statistics, documentation, and a portal for tenant communications.

Partnering with PRG Management for Chicago Commercial Property Management

PRG Management specializes in managing commercial and investment properties across Chicagoland, ensuring our clients achieve maximum returns on their investments. Our full-service approach includes tenant & lease management, financial oversight, and strategic property improvements tailored to the unique needs of each property owner and investment property.

By leveraging our expertise through years of experience, strong vendor relationships, and cutting-edge technology, we help investors and owners navigate Chicago’s commercial real estate landscape with confidence and most importantly, profitability.

Are you looking to maximize the profitability of your commercial property in Chicago? Contact PRG Management today to learn how our expert property management services can help you achieve your financial goals or fill out the form below to get a FREE management proposal.

The Hidden Risks of Neglecting Chicago Facilities Management

Proper Chicago facilities management support is the backbone of any well-maintained and profitable commercial property. In Chicago, where extreme weather conditions, compliance regulations, and tenant expectations create a complex landscape for property owners and investors, neglecting facilities management can lead to significant financial and operational setbacks. As experienced Chicago property managers, PRG Management understands the critical role that proactive management plays in protecting investments and ensuring tenant satisfaction.

We collected some of the most common issues we encounter when property owners and investors hire us for our Chicago facilities management services. If you don’t work with a Chicago property management team, you may be at risk of one of these pitfalls.

Increased Maintenance Costs Due to Deferred Repairs

When routine preventative maintenance is overlooked, minor issues inevitably become more costly repairs. For example, a small plumbing leak left unattended can result in extensive water damage, mold growth, and structural deterioration. HVAC systems that are not regularly serviced may fail at the worst possible time, leading to emergency repairs that are both inconvenient and expensive. Our proactive facilities management ensures that these issues are addressed early and regularly, preventing unnecessary financial strain, and preserving the integrity of the property. 

Tenant Dissatisfaction and High Turnover Rates

A property’s physical condition directly reflects its ownership’s commitment to tenant satisfaction. When maintenance concerns are consistently ignored, residents and commercial tenants become frustrated. Leaky roofs, malfunctioning elevators/HVACs, and pest issues contribute to a poor living or working experience, prompting tenants to seek alternative options. High turnover rates mean increased vacancies and additional marketing costs, leading to lost revenue. Maintaining a property’s facilities is key to developing long-term tenant relationships and minimizing disruptions.

Local Legal and Compliance Issues

Chicago has strict building codes and property maintenance regulations that owners must adhere to. With unique requirements for different buildings, it can get complex for those not familiar with the landscape. Ignoring these responsibilities can result in costly fines, legal disputes, and, in extreme cases, condemnation of the property. Routine inspections, preventative maintenance, and general proactive facilities management actions help ensure compliance with fire safety codes, accessibility requirements, and structural integrity standards. Failing to meet these regulations can lead to legal problems that jeopardize a property’s profitability and reputation. 

Safety Hazards and Liability Risks

A poorly maintained property poses significant safety risks. Loose handrails, uneven walkways, faulty electrical wiring, and neglected fire safety systems can all contribute to accidents and severe injuries. When property owners fail to notice and address these hazards, they open themselves up to legal claims and liability lawsuits. A comprehensive facilities management plan mitigates these risks by prioritizing safety, reducing the likelihood of incidents, and protecting tenants and ownership from legal exposure.

Decreased Property Value and Marketability

Neglecting facilities management has a direct impact on property value. A building that shows signs of disrepair, such as peeling paint, outdated systems, and neglected common areas—loses its competitive edge in the market. Investors and prospective tenants notice these deficiencies, leading to reduced interest and lower valuation. Regular maintenance and strategic upgrades help sustain property value and attract quality tenants willing to pay premium rates.

Energy Inefficiency and Rising Utility Costs

An often-overlooked consequence of poor facilities management is energy inefficiency. Outdated HVAC systems, insufficient insulation, and neglected electrical systems lead to excessive energy consumption and high utility bills. Without proper oversight, property owners may be overpaying for resources that could be better managed through routine maintenance and HVAC system upgrades. Implementing energy-efficient solutions through proper facilities management cuts costs and aligns with sustainability initiatives that appeal to today’s tenants.

The Competitive Advantage of Proactive Facilities Management

In Chicago’s enormous real estate market, a well-managed property stands apart from the competition. Proactive facilities management demonstrates professionalism, protects long-term investments, and bolsters tenant retention. A proper property management team will keep these important systems and physical conditions of a building from ever snowballing out of control. By addressing maintenance and safety needs before they become major problems, property owners position themselves for sustained success.

At PRG Management, we understand the complexities of Chicago facilities management and its impact on operational efficiency. A dedicated facilities management approach safeguards your investment, ensures tenant satisfaction, and maintains compliance with important local regulations. For those looking to maintain a high-performing property in Chicago, professional facilities management is not an option—it’s a necessity. Contact us today for a FREE Chicago facilities management proposal or fill out the form below!

New 2025 Chicago Lease

2025 Chicago Residential Lease

Every year the City of Chicago and the Chicago Association of Realtors (CAR) release a new lease, and the 2025 Chicago Lease is now available.

If you need support with leasing, tenant screening, or managing your leases or property, please visit our Rental Management Services page for more information. As always, we recommend an additional addendum to protect our clients further.

For current clients to receive a free digital copy of the 2025 Chicago Lease, please complete the form below and our team will email you a version to download for the transaction.

Now Managing: The Seng Chicago | 869 W Blackhawk St

PRG Management is proud to announce our newest management assignment at The Seng, one of Northside’s new construction housing projects. Situated at the intersection of some of Chicago’s most popular neighborhoods, this 5-story, 34-unit building is one of the city’s new efforts to provide more affordable housing options for residents. This new service agreement between PRG Management and The Seng gives both parties the tools to provide our top-rated Chicago HOA management services such as preventative maintenance, janitorial services, financial services, and board meeting management. 

The Seng (34 units) + PRG Management

The Seng, along with the Chicago Housing Trust, have aimed their sights on making housing more accessible and providing a lower barrier to entry into homeownership. They offer units at below-market prices to those who qualify - applicants need to be certified by the Chicago Housing Trust team and cleared as ‘income-eligible’ and ‘mortgage-ready’ before placing an offer on a unit at The Seng. This provides a chance for families to attain stable homeownership in an area with expanding opportunities. By utilizing PRG Management’s HOA services the Seng can better focus on their mission of providing safe and affordable homeownership for Chicago residents.

CUSTOMIZED SOLUTIONS FOR AFFORDABLE HOUSING

PRG Management is responsible for managing The Seng Chicago by providing a wide range of HOA property management services, including but not limited to financial management, preventative maintenance, board meeting management, and administrative support. PRG Management will provide equitable and efficient management services in individual units, as well as the management of common elements such as the attached heated garage, bike storage, gym, and amenity roof deck. By meeting the unique needs of The Seng and its residents with custom management services, PRG Management’s Chicago HOA team will provide stability and confidence in the day-to-day operations of the building.

about prg management

PRG Property Management is a full-service property management company, home to a team of reliable and accomplished brokers, distinguished property managers, and incredible support staff. PRG Management offers a broad range of services for HOAs, rentals, investment buildings, and a wide range of commercial projects to effectively manage commercial and residential real estate in Chicago and surrounding suburbs. If you’re interested in stress-free property management contact us today for a free proposal and more information on our HOA & condo management services.

How Receivership Services Can Help Save Distressed Properties in Chicago

When properties fall into financial or physical distress, their future can seem uncertain. Distressed properties, if left unmanaged, can spiral into further disrepair, creating negative impacts for owners, tenants, and the surrounding community. This is where receivership services step in as a transformative solution, offering professional management and restoration to safeguard property investments and revive value.

PRG Management’s receivership services offer a crucial lifeline, ensuring properties are stabilized and restored efficiently. By stepping in as a neutral party, receivers can manage troubled properties, resolve legal and financial issues, and work towards revitalizing properties.

What Are Chicago Receivership Services?

Receivership services involve appointing a court-ordered professional, known as a receiver, to oversee and manage a distressed property. A property can be considered distressed for various reasons but most often it starts from financial issues. The receiver assumes control of the property on behalf of the court to stabilize its condition, address financial burdens, and ensure compliance with legal and regulatory requirements. A receiver's primary goal is to protect and improve the property’s value while resolving conflicts among stakeholders. Essentially, a bank hires someone to manage the revitalization of property and assist with the turnover of the property to remove their financial burden.

In many cases, a receiver’s intervention prevents properties from deteriorating further and offers a clear path to recovery, whether through a sale, rehabilitation, or continued operation. This can occur with a wide range of properties but residential properties are the most common.

The Importance of Receivership Services in Chicago

Chicago, with its blend of historic architecture and diverse real estate opportunities, often grapples with the challenge of distressed properties. Factors like economic downturns, ownership disputes, and deferred maintenance contribute to properties falling into distress. Left unresolved, these issues can harm local communities and diminish neighborhood appeal. These situations occur all over the city from low-income areas to affluent neighborhoods, and to both residential and commercial properties.

Receivership services are crucial in maintaining Chicago's vibrant real estate market. By stepping in to manage troubled properties, PRG Management ensures that these assets remain viable, valuable, and beneficial for the broader community. These actions and services play an important role in maintaining an area’s actual and perceived value. From maintaining historic structures to revitalizing modern developments, receivership services protect both individual investments and collective urban aesthetics.

Why PRG Management Is the Best Choice for Chicago Receivership Services

When it comes to Chicago receivership services, PRG Management sets the standard for revitalizing distressed properties. With years of experience working with national banking institutions, PRG Management combines our deep knowledge of local regulations with innovative problem-solving strategies from our property managers and partners at Pearson Realty Group to deliver unmatched results. Our team excels at restoring value to distressed properties, addressing financial issues, and ensuring legal compliance.

PRG Managenet’s tailored approach means we craft solutions unique to each property’s challenges, whether it involves major structural repairs, tenant relations, or resolving legal disputes. By partnering with PRG, property owners, tenants, and stakeholders gain access to a trusted ally focused on maximizing returns and stabilizing operations efficiently. Our expert receivership services provide tailored solutions to tackle the unique challenges of distressed properties. The core benefits of PRG Management’s Chicago receivership services and the main goals of our property managers include:

• Operational Stabilization: Receivers take charge of operations, ensuring tenants’ needs are met, overdue maintenance is addressed, and the property functions smoothly.

• Financial Oversight: They manage budgets, resolve debts, and recover financial stability, addressing unpaid mortgages, taxes, or liens.

• Value Preservation and Enhancement: Through repairs, strategic planning, and effective marketing, receivers help preserve the property's value and prepare it for potential resale or continued use.

• Legal Compliance: Navigating Chicago's intricate property laws and building codes, receivers ensure properties adhere to regulations, reducing penalties and mitigating risks.

Are you interested in learning more about PRG Management’s Chicago Receivership Services? Are you in a similar situation and looking for answers? you can read more about our receivership services here or contact us today by filling out the form below.

Rehab Management & Flip of an Investment Property: 1328 South Kolin Ave

PRG Management has recently completed a project for an investor to help acquire, manage, rehab, and flip an investment property at 1328 S Kolin in Chicago. This project was another opportunity to collaborate with Pearson Realty Group, who assisted in a profitable flip for the investor. PRG Management’s Investment Management Division handled the rest of the project scope from managing the tear-down and new construction with vendors to coordinating with the property’s former occupants. See below for before & after photos and details of the project. Details here for the Purchase Price and Sales Information for this property.

INVESTMENT Project Management

After the investor acquired the lender-owned property at 1328 S Kolin Ave, through the assistance of Pearson Realty Group, PRG Management was brought on board to manage the rehabilitation side of the project. The property was in significant disrepair and required a comprehensive plan to make it market-ready. PRG Management’s Rental and Investment Management teams handled the entire rehab process, from initial inspections to coordinating with vendors and ensuring that each phase of the project stayed on time and within budget. Our investment management team’s years of experience and local market knowledge made a significant difference in turning a distressed property into an appealing Chicago home.

Rehab DETAILS

PRG Management's experience in managing various Chicagoland rehab projects allowed us to easily oversee every detail of the 1328 S Kolin Ave project. From integral structural and Chicago code improvements to visually appealing aesthetic upgrades, we ensured that all work was performed to the highest standards using only highly vetted vendors. With our focus on project efficiency and maintaining clear communication with all parties, the investment property was successfully flipped, with an increased market value and profitability for the investor.

Take a look at some of the before and after photos of 1328 S Kolin Ave below

Tenant Management

An important aspect of the 1328 S Kolin project was communication with the current tenants who were occupying the property before the rehabilitation. This is a common occurrence in REO properties, such as bank-owned and lender-owned properties, which have typically defaulted on some sort of loan. PRG Management ensured that all tenant concerns were addressed and facilitated an amicable resolution to the situation. Finding a new space for the current tenants allowed us to complete construction and inspections with no delays and without conflict.

Thanks to Pearson Realty Group’s assistance with the purchase and sale of 1328 S Kolin and PRG Management’s property managers for their commitment to a high standard in project management and tenant care. By closely collaborating, this partnership between our two companies was able to meet the investor’s goals, ensuring the 1328 S Kolin flip was a profitable project.

If you’re an investor looking for guidance with taking your project from concept to completion, contact PRG Management’s Investment Management team today here or by filling out the form below. From vendor and tenant management to the nitty gritty details of rehabilitating a property, PRG Management is the go-to Chicagoland investment property expert.

2024 Chicago Winterization Guide: Fall Checklist for Homeowners & Renters

2024 Chicago Winterization Guide: Preparing Your Home for Cold Weather

Winter in Chicago is both beautiful and brutal, bringing freezing temperatures, heavy snowfall, and ice that left unattended, can lead to some major problems when managing or owning property. First-time homeowners may be asking "How to winterize properties in Chicago?" Or "How do I winterize my Chicago home?" Whether you're a homeowner, a renter, or someone looking to sell your property, we have put together some expert recommendations from Fannie Mae and Pearson Realty Group to help you take the proper steps to winterize your home is essential for your comfort, safety, and even saving money. In this comprehensive 2024 update for our Chicago Winterization Guide, we'll cover the key areas you should address before the snow starts to fall.

Why Winterization Matters in Chicago

The Midwest, especially Chicago, is known for its extreme winter conditions—blizzards, ice storms, sub-zero temperatures, and wind chills that can make your home feel like an icebox if it's not properly prepared. Just a few years ago during the 2019 Polar Vortex homeowners and renters alike experienced what happens when you don't prepare for the worst. Taking proactive steps now ensures your home is ready for whatever Mother Nature throws your way, and it could save you thousands in potential repairs. Winterizing your home can help you:

• Improve energy efficiency and lower heating costs.

• Prevent costly repairs from frozen pipes or roof damage.

• Protect your home’s value, especially if it’s on the market.

• Enhance safety and comfort for your family.

Winterizing Your Home: A Checklist for Homeowners

1. Inspect & Seal Windows and Doors

Drafty windows and doors can cause heat loss, making your home less energy-efficient and increasing your heating bill. Properly sealed windows and doors can massively cut down on heat loss. Use caulking or weatherstripping products to seal any gaps that air can escape - you can always check for drafts by holding a candle or lighter near windows and door frames—if the flame flickers, there is an air leak. Homeowners should also consider upgrading to storm windows that offer an extra layer of winter protection with added insulation. When our partners at Pearson Realty Group work with Chicago REO properties during the winter months, this is often one of the first and easiest steps taken in winterizing a home.

2. Service Your Furnace and HVAC System

Your heating system is your first defense against the cold, so ensuring it’s in good working order is necessary. Many experts recommend keeping your thermostat set at a consistent temperature (around 68°F) to save on heating costs. It's also recommended you schedule a professional furnace tune-up to check for any issues and change the filters. Be sure to check your thermostat settings, and consider upgrading to a programmable or smart thermostat to optimize energy efficiency. We recommend checking your HVAC systems and major appliances to ensure any pumps, hoses, cords, or any other connections are clear of obstructions and no water damage is present. This is also a good time to check to see if your smoke and carbon monoxide detectors are in working order.

3. Clean Your Gutters and Downspouts

Clogged gutters can lead to ice dams, which cause water to back up under your roof and potentially lead to leaks and structural damage. Remove leaves, sticks, and debris from your gutters and ensure your downspouts direct water away from the foundation to avoid water buildup and ice hazards that can lead to possible roof looks. This is also a great time to inspect the exterior of your home for pests, rodents, and any potential entryways they could use. When the winter finally kicks in, it's important to monitor for any icicles forming, as this can be a sign of heat escaping.

4. Insulate Pipes to Prevent Freezing

Frozen pipes can burst, leading to costly water damage. One way to protect your pipes is to insulate exposed pipes, especially those in unheated areas like the garage, basement, or attic. You might want to consider installing heat tape for pipes in particularly cold areas of the home. For other areas of the house, you can ensure your pipes' integrity by keeping the temperature at a consistent rate, even if you're not home, to prevent freezing. We recommend a constant temp of 68°F to prevent potential issues, but every home and owner's comfort needs will be different.  This can be especially important when Pearson Realty Group’s Chicago REO team is prepping unoccupied inventory for the winter season.

5. Prepare Your Roof and Attic

Heavy snow and ice buildup can cause roof damage or even collapse in extreme cases. Attic insulation can also help prevent heat from escaping, further lowering your energy bills. Ensure your roof is ready to bear the weight of a snowy winter by inspecting your roof for missing/damaged shingles and making repairs as needed. It's also a good idea to clear out your attic and make sure it's properly insulated to prevent ice dams from forming on your roof. If you see any evidence of water damage, you should address this immediately. Preparing a roof and attic for the tough winter season is a significant portion of the preventative maintenance responsibilities PRG Management takes on for both residential and commercial spaces to ensure the building and its tenants are safe and sound.

Winterization for Renters: Essential Tips

If you’re a renter, there are still proactive steps you can take to ensure your home is warm and energy-efficient during the winter months. It’s also a good idea to check with your landlord about any shared responsibilities, like shoveling snow, salting walkways, or replacing filters to ensure you are doing everything you can to keep your home warm and comfortable. Here are a few renter-friendly winterization steps that we recommend:

• Ask your landlord to service the heating system and replace the filters.

• Use draft stoppers (or rolled-up towels) at the bottom of doors to prevent cold air from seeping in.

• Add thermal curtains to windows for extra insulation. Insulation Shrink Kits are another suitable budget-friendly solution.

• Reverse your ceiling fans to cycle warm air downward and circulate it more effectively.

• Keep your thermostat at a consistent temperature, even when you're not home, to prevent pipes from freezing.

READ MORE: Apartment Renter Tips for Chicago Winters

Expert Tips from Fannie Mae

According to Fannie Mae, proper home maintenance during winter can reduce energy costs and help avoid damage that could affect the home’s value. Remember that you may need a professional to handle more advanced maintenance and repairs. Here are a few steps that not only save money but can also increase the overall comfort and safety of your home during the winter months:

• Review insurance coverage: Know what your policies cover—policy changes can’t be made during a disaster.

• Prepare an emergency kit: Include chargers, flashlights, batteries, blankets, first aid, water, and nonperishable foods.

• Use resilient materials: Opt for windproof windows, fireproof siding, and durable roofing when making improvements.

• Store valuables securely: Use weatherproof containers or safes for heirlooms and important documents.

Our partners at Pearson Realty Group's Chicago REO & Short Sale department utilize in-depth guides from Fannie Mae that provide efficient processes that allow them to winterize REO properties and REO winterization services in a timely, budget-friendly fashion.

Winterizing your Chicago home is not just an annoying task to cross off your to-do list—it’s a crucial step to protect your home and improve energy efficiency while keeping your family safe and comfortable throughout the winter season. Whether you're a homeowner or renter, taking proactive measures now will save you time, money, and stress once the snow starts to fall.

As you prepare for the upcoming winter, refer back to PRG Management's 2024 Chicago Winterization Guide to ensure you haven’t missed any crucial steps. With proper planning, your home will be ready to withstand even the harshest Chicago winter. If you plan on selling this winter, contact our partners at Pearson Realty Group today to get in touch with an experienced Chicagoland real estate agent who can guide you through the best practices for listing your home during the winter. Owners and investors looking for assistance in managing your building's winterization efforts, and beyond contact our Chicago property management team or fill out the form below for a free proposal.

Streamlined HOA Management: PRG Management Introduces Cutting-Edge Features

In the world of Homeowners' Association (HOA) management, efficiency and transparency are crucial for fostering strong communities. That’s why PRG Management, your partner in Chicago HOA, condo, and townhome management, is thrilled to announce the rollout of several innovative features designed to streamline operations and enhance the overall experience for homeowners and residents alike.

1. Liabilities Report: Enhancing Financial Oversight

Managing financial obligations is a cornerstone of effective Chicago HOA management, and PRG Management's new Liabilities Report feature is set to revolutionize the process. This new tool provides comprehensive insights into the association's financial liabilities, ensuring transparency and accountability in financial management. With detailed reports and analytics at your fingertips, Chicago HOA boards can make informed decisions to safeguard the financial health of their community.

2. Violations Preview: Improving Compliance Monitoring

Maintaining community standards is essential for preserving property values and promoting harmony among residents. PRG Management's new Violations Preview feature simplifies the process of monitoring compliance with Chicago HOA rules and regulations. From resident parking violations to architectural infringements, this tool provides Chicago HOA boards with a preview of potential violations, allowing for proactive enforcement and timely resolution of tenant/owner violations.

3. Architectural Requests: Streamlining Approval Processes

Managing architectural requests efficiently is vital for maintaining the aesthetic integrity of the community while accommodating residents' needs. PRG Management's new Architectural Requests feature simplifies the submission and approval process for architectural modifications. Residents can submit requests online, track their progress, and communicate with their Chicago HOA board seamlessly, ensuring a streamlined and transparent approval process for all parties involved.

4. Resident Center Resources: Empowering Homeowners

At PRG Management, we understand the importance of fostering a sense of community and providing residents with convenient access to essential resources. That's why we're excited to introduce Resident Center Resources, a centralized “town board” hub where homeowners can access important documents, community announcements, and helpful resources anytime, anywhere. From meeting minutes to community guidelines, residents have everything they need to stay informed and engaged in community matters.

Experience the PRG Management Advantage Today

Ready to elevate your HOA management experience with PRG Management's innovative technological tools and dedicated support? View our suite of property management services to learn more about these exciting new features and how they can benefit your community. With PRG Management by your side, you can streamline operations, enhance transparency, and foster a thriving community that homeowners are proud to call home.

If you have any questions please feel free to call us at (312) 600-8896 or fill out the form below and a Chicago property manager will be in touch!

Now Managing: South Shore Lakeview Apartments LLC | 7801 S. South Shore

In Chicago’s booming South Shore neighborhood, PRG Management has recently taken on an exciting new management assignment in partnership with South Shore Lakeview Apartments LLC. The classic red-brick residential complex at 7801 S. South Shore is now accepting applications for a variety of units from cozy studios to spacious 3-bedrooms. Multi-family buildings all over the city like this one provide an essential piece to raising a family in Chicago, a safe and dependable space that is cared for. PRG Management is proud to provide our Chicago rental property management services to help fill these vital spaces and help maintain a high standard of care for the building. We work closely with our sister company, Pearson Realty Group, to assist with leases to fill vacancies quickly. From tenant management and leasing services to preventative maintenance and repairs, PRG Management’s comprehensive rental management has you covered.

Recently all units have received full kitchen and bathroom renovations with updated fixtures, along with massive renovations to roof exteriors in the past years, making these spaces even more desirable. Take a look below to see some interesting property highlights and some coming changes to the neighborhood that can massively increase property values!

7801 S. South Shore Highlights

• Property Value: $3,099,000

• Year Built: 1961

• Building Size: 32 Units

• Stories: 4

Unit Mix:

• Type 1: 5 units (Studios, 1 Bath)

• Type 2: 9 units (1 Bed, 1 Bath)

• Type 3: 15 units (2 Beds, 1 Bath)

• Type 4: 3 units (3 Beds, 1 Bath)

SEE FULL PROPERTY DETAILS HERE

Obama Presidential Library: revitalizing the area

Located less than three miles from 7801 S South Shore Dr, is the future site of the Obama Presidential Library, a huge project that will enhance the neighborhood appeal and increase property values. The library, a major cultural and educational hub, will attract visitors and major new investments to the South Shore and surrounding neighborhoods. We look forward to the completion of this project and seeing the positive impacts that it has on the local community and Chicago as a whole. Look out for more updates.

PSIQUANTUM QUANTUM COMPUTING CENTER: Reshaping the south shore

American quantum computing company, PsiQuantum recently announced plans to open a massive quantum computer at the old Chicago US Steel South Works property, just minutes away from 7801 S. South Shore. This development is poised to revitalize the surrounding area by bringing in massive investments, and hundreds of jobs, improving property values, and solidifying Chicago as a modern tech hub. Learn more about PsiQuantum’s 1st US-Based Utility-Scale Quantum Computer in Chicago

PRG Management offers top-tier rental management services for South Shore Lakeview Apartments LLC in Chicago’s South Shore neighborhood. From leasing and tenant management to maintenance and repairs, our comprehensive services ensure a high standard of care for this beautifully renovated property. Trust PRG Management to keep your living space safe, comfortable, and well-maintained.

Are you a landlord or property owner struggling with tenant management or filling vacant spaces? Contact PRG Management today or fill out the form below to receive a free proposal of services and see how we can help maintain profitability in all of your investments!