How to Choose the Right Rental Management Company in Chicago

Finding the right rental management company in Chicago can make the difference between a profitable investment and a costly headache. Whether you own a single condo or an entire portfolio of multifamily properties, choosing a management firm that understands local regulations, tenant expectations, and market conditions is critical to maintaining your investment.

Chicago’s rental market is unique with tight building codes, evolving tenant laws, and neighborhood-by-neighborhood rent variations. The best management company will not only handle the day-to-day operations and protect your long-term asset value, helping you scale efficiently while staying compliant, but also has hyper-local market knowledge.

What to Look For in a Rental Management Company

When evaluating potential partners, start with experience and scope. A proven rental management company in Chicago should demonstrate success across diverse asset types, including multifamily, single-family, mixed-use, and small commercial, and show they can deliver consistent ROI. Key qualifications to look for in a Chicago rental management company:

• Local Expertise: Deep familiarity with Chicago neighborhoods, landlord–tenant law, and compliance requirements like city registration and inspection programs.

• Proven Experience: A varied portfolio of properties that both match and surpass your needs, showing that any property type can be served.

• Operational Systems: Modern technology for both tenants and owners, including rent collection, maintenance requests, and owner reporting.

• Vendor Relationships: Access to trusted contractors for regular & preventative maintenance, unit turnover, and capital projects.

• Clear Communication: Transparent, consistent updates and quick responses to both tenants and owners.

Talk with a Chicago rental property manager.

Why Local Experience Matters in Chicago Property Management

Chicago’s rental environment is highly regulated. From the Residential Landlord and Tenant Ordinance (RLTO) to local rental licensing and security deposit rules, compliance errors can lead to major expenses.

A Chicago-based team can handle these nuances proactively. They know which suburbs require rental registration, how to navigate lease renewals under city law, and when to raise or hold rents based on seasonal demand trends. Choosing a rental management company Chicago investors trust means selecting a partner who treats your property like a business, not a side project.

PRG Management is well versed in both the standard, complex residential housing laws and the constantly shifting legislation happening downstate that affects tenants, owners, and managers. If you have any questions about the ordinances or regulations surrounding an issue at your property, feel free to contact a Chicago property manager at PRG Management today.

READ: The Illinois Receivership Act Explained

READ: The Chicago Heat Ordinance Explained

What Makes a Management Company Stand Out

A good rental management company in Chicago collects rent and coordinates maintenance. A great one creates long-lasting structure, savings, and stability. At PRG Management, we combine portfolio-grade systems with boutique service, offering:

• Dedicated Property Managers: One point of contact who knows your properties inside and out.

• Tech-Enabled Operations: Online portals, automated rent reminders, and digital maintenance logs.

• Preventive Maintenance Plans: Regular inspections and checklists that catch small issues early.

• Transparent Financials: Monthly owner statements with real-time access to income and expenses.

• Tenant Retention Strategy: Fair policies, quick repairs, and respectful communication that reduce turnover. We work with our sister company, Pearson Realty Group, to minimize turnover time and find qualified tenants.

• Legal Compliance Management: Oversight of leases, security deposits, and local ordinances.

• Scalable Support: Systems designed to manage one property or a growing portfolio seamlessly.

• Data-Driven Insights: Market analytics and rent comparisons to keep pricing competitive.

Comparing Rental Management Fees in Chicago

Management fees vary across the market. While some firms advertise low monthly rates, it’s important to review the total cost of service, including leasing fees, maintenance markups, and lease renewal charges.

In many cases, a slightly higher management fee from a company that minimizes vacancy and maintenance costs can improve your net operating income (NOI) over time. Always ask for a transparent breakdown of fees and services before signing.

Questions to Ask Before Hiring

These questions help ensure alignment between your expectations and the company’s operations. Before making a decision, ask:

1. How do you screen and retain tenants?

2. What systems do you use for maintenance tracking and communication?

3. How quickly do you respond to emergencies?

4. Can you provide sample owner statements or monthly reports?

5. Which Chicago neighborhoods or suburbs do you manage most frequently?

6. How do you handle late payments or evictions?

7. What is your average vacancy rate across managed units?

8. Do you conduct regular property inspections?

9. Are your property managers licensed in Illinois?

10. How do you ensure compliance with Chicago’s RLTO and Fair Housing laws?

Why Owners Choose PRG Management

Property owners across Chicagoland choose PRG for our local knowledge, responsive service, and transparent communication. We offer a broad range of services to effectively manage commercial and residential real estate in Chicago and the surrounding suburbs. Our industry-leading practice, mixed with technology and data-driven insights, helps our clients maximize profitability while limiting headaches on a regular basis. 

Learn more about our full-service rental property management and see how we successfully manage thousands of single-unit rentals, small multifamily portfolios, and investor-owned properties in Chicagoland. Request a free Chicago property management proposal or talk to a rental property manager in Chicago today.

What Is The Best Property Management Company In Chicago?

PRG Management: Chicagoland’s #1 property manager

When property owners, landlords, and real estate investors ask: “What is the best property management company in Chicago?”, they’re usually looking for a company that can be trusted to protect their assets, streamline operations, and maximize long-term ROI for their properties.

That’s where PRG Management, Chicagoland’s #1 Property Manager, rises above the rest.

With deep roots in Chicago real estate, PRG Management offers a full suite of services tailored to investors and property owners seeking high-performance management solutions, whether you own one condo or a 200-unit multifamily portfolio.

Proven Chicago property management services

Along with leasing assistance from sister company, Pearson Realty Group, PRG Management currently oversees more than 2,000 units across Chicago and the surrounding suburbs, managing nearly $1 billion in real estate assets. From luxury rentals to mixed-use developments and large homeowner associations, PRG Management’s Chicago property management portfolio spans every major property type.

What makes PRG different is a local, service-first mindset combined with proven professional systems that drive results for owners and investors.

Full-Service Management for Every Type of Property Owner

PRG Management provides comprehensive property management services in Chicago and the surrounding suburbs, supporting a wide range of residential, commercial, and institutional property owners. Our expertise includes:

• HOA & Condo Association Management: Full-service support for Chicago homeowner and condominium associations, including budgeting, board guidance, assessments, and vendor coordination.

• Rental Property Management for Small-to-Mid-Size Landlords: End-to-end services for single-family rentals, condos, and smaller multifamily portfolios, covering leasing, maintenance, rent collection, and compliance.

• Institutional & Large-Scale Investor Management: Professional oversight for multifamily portfolios, REO assets, and investment properties with a focus on financial performance and asset preservation.

• Commercial & Mixed-Use Property Management: Tailored solutions for retail centers, office buildings, and mixed-use developments, ensuring occupancy, tenant satisfaction, and operational efficiency.

• New Construction & Lease-Up Management: Strategic marketing, tenant placement, and operational planning for new residential and mixed-use developments entering the Chicago market.

• Facilities & Building Operations Management: Preventive maintenance programs, vendor oversight, and 24/7 service coordination to optimize building systems and extend asset life.

• Distressed & Underperforming Asset Management: Stabilization strategies for troubled properties, including cost control, tenant retention, and repositioning to restore value.

• Court-Appointed Receivership Management: Experienced in Illinois receivership law, PRG serves as a trusted partner for banks, attorneys, and courts in managing foreclosed or at-risk properties.

chicago Rental Management services

For individual landlords and residential investors, PRG Management offers full-service rental property management tailored to maximize returns and minimize stress. From marketing vacancies to tenant screening and day-to-day operations, our team ensures consistent occupancy and reliable rent collection across Chicago’s diverse rental markets.

PRG Management’s core rental management services include:

• Leasing & Tenant Screening: Background, credit, income, and rental history verification

• Maintenance Coordination: 24/7 emergency support, preventative maintenance, and vendor management

• Rent Collection: Automated billing and online payment systems

• Owner Reporting: Transparent, real-time financial dashboards for performance tracking

• Legal Compliance: Lease drafting, eviction handling, and adherence to local ordinances

With a dedicated, tech-enabled support team, PRG Management eliminates the common frustrations of property oversight, keeping tenants happy and owners stress-free. One of the many reasons PRG Management has been called the best property management company in Chicago. View all of PRG Management’s rental management services.

Chicago HOA & Condo Association Management Services

Managing a homeowner or condo association requires more than basic property oversight; it demands financial transparency, legal compliance, and efficient communication between boards, residents, and service providers. PRG Management offers specialized HOA and condo association management services designed to reduce board burden and elevate community living standards.

PRG Management’s key Chicagoland HOA services include:

• Board Support & Meeting Facilitation

• Budgeting & Financial Reporting

• Assessment Collection & Enforcement

• Vendor Coordination & Maintenance Oversight

• Legal Compliance & Risk Management

• Resident Communication & Portal Access

• Leasing & Marketing Services

By partnering with PRG Management, the best property management in Chicagoland, HOA boards gain the confidence of working with a transparent, responsive, and solution-oriented Chicago property management team.  View all of PRG Management’s HOA management services.

Trusted by Owners, Preferred by Tenants

PRG Management services are designed with both owners and tenants in mind. Our goal is always to support properties and drive ROI for owners, while providing a safe and dependable space for tenants to live in. Another reason why we’ve gained a reputation with our clients as the best property management company in Chicago. Tenants at our properties appreciate our easy-to-use online portals, fast maintenance response times, lean and well-maintained properties, and friendly, responsive communication. Whereas owners value clear reporting and communication, low vacancy rates, reliable rent collection, and ‘hands-off’ peace of mind.

PRG Management is continuously recognized by local and industry-wide awards programs as the best property management in Chicago, including:

• Best Property Management Company in Chicago by Expertise

• Top Chicago Pro by Thumbtack

• 4.5+ Star Rating on Google Business 

Trusted by Leading Financial Institutions and Corporate Partners

PRG Management has earned the trust of some of the nation’s most respected financial institutions and corporate clients. Our proven track record in managing complex assets has positioned us as a go-to partner for organizations such as Fannie Mae, Freddie Mac, Wells Fargo, Goldman Sachs, Fifth Third Bank, and Chase Bank. In addition, national retailers and corporate brands, including Starbucks, Dollar General, and O’Reilly Auto Parts, rely on our management services and expertise to ensure their properties are managed with precision, compliance, and care. This confidence in PRG Management underscores our ability to deliver consistent results across a wide range of property types and ownership structures as Chicagoland’s #1 Property Manager.

Centrally Located, Managing Across Chicagoland

Wherever your property is across Chicagoland, PRG has boots on the ground and local expertise to manage it effectively with comprehensive service area coverage. With headquarters at 1000 N Milwaukee Ave in Noble Square, PRG Management oversees properties in:

• Chicago neighborhoods, including West Loop, Logan Square, Bucktown, Wicker Park, Bronzeville, Lakeview, Lincoln Park, South Loop, Hyde Park, Edgewater, South Shore, Ravenswood, River North, Gold Coast

• Suburban communities, including Oak Park, Evanston, Des Plaines, and Berwyn

Get Started with PRG Management

If you're looking for the best property management company in Chicago, PRG Management offers the experience, infrastructure, and personal attention that owners need to succeed in this market.

To request a property evaluation or management proposal, contact us or fill out the form below to get started.

Now Managing: Shore Crest Apartments | 420 Wrightwood Avenue

PRG Management Now Manages Shore Crest Apartments: 116 units in Lincoln Park

PRG Management is pleased to announce our newest management assignment: Shore Crest Apartments, located at 420 W Wrightwood Avenue in Chicago’s highly sought-after Lincoln Park neighborhood. This 116-unit vintage building, situated along a picturesque, tree-lined street, represents part of a broader management initiative we are proud to undertake along N. Pine Grove Avenue in nearby Lakeview.

Shore Crest Apartments

Constructed in 1921, Shore Crest Apartments holds the aesthetics of classic Chicago architecture. Each of 116 units in the building features updated interiors, including refinished hardwood flooring, granite countertops, stainless steel appliances, and modernized bathrooms, delivering timeless elegance paired with everyday comfort.

Shore Crest boasts a vintage façade, luxurious common areas, and thoughtfully designed upgrades that blend the building’s original character with the modern age. Its architectural integrity and unbeatable location continue to make it one of the most desirable addresses in Lincoln Park, and our Chicago property management team is thrilled to have the opportunity to work with this beautiful building.

Full-Service Chicago Rental Management

At PRG Management, we take a proactive and hands-on approach to Chicago property management. With Shore Crest Apartments, we are delivering a comprehensive suite of rental management services, including leasing management, maintenance coordination, vendor management, and financial reporting for owners. PRG Management focuses on delivering a balance of proven professional services to the building and exceptional support to its residents. For example, our state-of-the-art online portals allow tenants to submit maintenance requests, ask questions, or access important information 24/7.

Currently, the building is undergoing some routine exterior work to preserve its architectural character of the building. Our hands-on management strategy ensures that buildings like Shore Crest Apartments not only maintain their historic beauty and charm but also operate at peak efficiency, providing both owners and tenants with a superior service and a sense of pride in the building & community they live in.

About PRG Management

PRG Property Management is a full-service Chicago 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 Chicago property management services for landlords and investment properties that prioritize maximizing your income and minimizing your headaches.

If you’re interested in stress-free Chicago property management, contact us today for a free proposal and more information on our HOA & condo management services.

Illinois Senate Bill 1563: Squatter Relief for Property Owners, Landlords, & REO Professionals

Illinois Senate Bill 1563: Squatter Relief for Property Owners, Landlords, & REO Professionals

Illinois Senate Bill 1563, widely known as the “Squatter Bill”, has passed both houses and is awaiting Governor JB Pritzker’s approval. This bill is a pivotal shift in how unauthorized occupants, or “squatters,” are managed statewide. As housing challenges evolve statewide, IL SB 1563 addresses long-standing frustrations property owners have faced when dealing with individuals who exploit the legal gray areas to unlawfully occupy homes and rental properties, often without paying any rent.

For Chicago landlords, investors, REO managers, and property managers, this legislation marks a turning point in the rental market. It offers legal clarity while providing more enforcement power and quicker resolution timelines without navigating the often costly and time-consuming eviction courts. Understanding the specifics of IL SB 1563 and its practical applications will help you better protect your Illinois assets and bolster your long-term investment strategy.

What IL SB 1563 Fundamentally Changes

Senate Bill 1563 introduces long-awaited protections for property owners by clarifying the distinction between unlawful occupants (“squatters”) and lawful tenants. The bill reinforces already existing property rights without altering the judicial due process. It simply enables the enforcement of existing criminal laws in clearer, more actionable ways, like allowing police to act decisively when there’s no valid lease. The legislation:

• Affirms that the Illinois Eviction Article does not restrict police from removing criminal trespassers.

• Empowers law enforcement to take immediate action when property owners show legal ownership.

• Criminalizes the use of fraudulent documents or false identity to claim residence in a property.

How SB 1563 Works in Practice

For owners and property managers in Chicago, SB 1563 dramatically simplifies the squatter response process. This new legal path enables Chicago property management companies to expedite turnover processes, reduce vacancy time, and protect clients from losses resulting from adverse possession attempts, lease fraud, and unauthorized occupancy. IL SB 1563 provides a clearer legal process for resolving squatter incidents. These steps include:

1. Owner confirms legal control: typically with a deed, title, or other proof of ownership.

2. Police review on-site documentation: to verify the absence of a lawful tenancy or lease agreement.

3. Trespasser is removed: no civil eviction filing needed, minimizing delays and property damage risk.

4. Property is resecured and reoccupied: typically within days instead of months.

Updated Overview of the Law

IL SB 1563 primarily aims to clarify the existing ambiguities and gray areas in the current law to help restore enforcement authority to local municipalities. This legislative change doesn’t diminish tenant rights, but instead restores a balance by clarifying which situations are considered unlawful occupancy and legal residency. Giving property owners a stronger foundation to act quickly and lawfully while protecting their other tenants. Specifically:

• It updates language in Illinois’ Eviction Article to affirm that criminal trespass enforcement remains valid and enforceable, even if civil eviction is not yet underway.

• The bill targets individuals using forged leases, fraudulent documentation, or identity misrepresentation to delay removal or create confusion over tenancy.

• Supported by both Democratic and Republican lawmakers, the bill passed with overwhelming bipartisan support and now awaits Governor J.B. Pritzker’s expected signature.

IL SB 1563: What Are The Next Steps?

As of June 18th, Illinois SB 1563 has been sent to Gov. JB Pritzker for his approval, the last step in the legislative process. Although he has 60 calendar days to decide, political and real estate leaders in Springfield express strong confidence that Gov. Pritzker will sign the measure. His supporters cite direct engagement with his administration and broad bipartisan backing as clear indicators that the bill is likely to become law.

So if you are a property owner, landlord, or REO professional experiencing squatters in your Chicago investment property and are seeking to file an eviction, now is the time to prepare. IL SB 1563 gives Chicago property management companies like PRG Management the legal authority to act quickly and decisively, allowing the police can take immediate action once proof of ownership is provided, so squatter issues can be resolved almost immediately.

With the new legal framework from IL SB 1563, PRG Management’s experienced Chicago property managers are here to support landlords and property owners with any tenant-related issues affecting your cash flow. With over 2,800 units managed and $1B in assets under care, PRG Management provides customized Chicago property management solutions, including tenant management, compliance oversight, financial reporting, and much more. To talk to a property manager about how IL SB 1563 impacts your properties or tenants, contact PRG Management anytime. Our experienced Chicago property team is happy to answer any questions about your investment and provide a free proposal for services.

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.

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!

Now Managing: Park View Marquette LLC | 3000 W. Marquette

PRG Management is proud to announce a recent partnership with Park View Marquette LLC to manage a 85-unit apartment building in Chicago’s Chicago Lawn/West Lawn neighborhood. Located at 3000 W Marquette Road, just across the street from Chicago’s vibrant Marquette Park, this exciting new partnership is the latest multi-family complex that PRG Management has been entrusted to help manage with our award-winning Chicago property management services. We provide this stunning 85-unit apartment building with comprehensive rental management services from regular maintenance and upkeep to lightning fast unit turnovers and work with our sister company, Pearson Realty Group to vet tenants and navigate lease negotiations. PRG Management has a wide network of trusted vendors and crews that can respond quickly to any request or emergency and provide residents with safe living spaces and peace of mind.

The classic Chicago red and brown brick exterior is adorned with intricate ornamental glazed terra cotta designs, making it a standout in the area and an important feature to maintain with regular preventative maintenance. 3000 W Marquette features bright, sunny units with real hardwood flooring, and updated kitchens and bathrooms in every unit. With a unit mix of 1, 2, and 3-bedroom apartments, it’s a versatile investment that provides a dependable and safe living space for Chicago residents.

3000 W. Marquette Road Highlights

• Property Value: $7,100,000

• Year Built: 1927

• Building Size: 85 Units

• Stories: 4

SEE FULL PROPERTY DETAILS HERE

Terra Cotta Design

Ornamental glazed terra cotta designs are a unique and distinctive architectural feature that adds aesthetic value and carries a historical significance to an investment property. These intricate, decorative elements were popular in the early 20th century and are known for their vibrant colors and ability to withstand the elements. This timeless feature enhances the property's appeal for potential investors while also attracting tenants who appreciate living in a Chicago building with character and deep history. By providing Chicago preventative maintenance services for Park View Marquette LLC, we can help ensure these timeless fixtures stay around for years to come.

Are you a landlord or property owner battling with keeping your investment property out of the red? Contact PRG Management today or fill out the form below to receive a free proposal of Chicago property management services and see how we can help create and maintain consistent profitability in all of your investments!

The Move-Out Procedure for Tenants in Chicago

The Ultimate Guide to a Smooth Move-Out Procedure for Tenants in Chicago

Moving out can be a stressful and overwhelming experience for tenants in Chicago. From packing up all your belongings to dealing with the logistics of the move, there are many tasks to manage. However, with the right knowledge and preparation, you can make the move-out procedure as smooth as possible.

In this guide, we will walk you through a step-by-step process to ensure a stress-free and organized move-out. From giving notice to your landlord to cleaning and repairs, we will cover everything you need to know to leave your rental property in good condition and receive your security deposit back.

Don't let the hassle of moving out weigh you down. Follow our ultimate guide to make your move-out experience in Chicago a breeze.

Understanding Your Lease Agreement and Move-Out Requirements

Before the move-out procedure for tenants starts, it’s important to review your lease agreement and understand the move-out requirements set by your landlord or property manager. The lease agreement will outline the notice period you need to give before moving out, any specific cleaning or repair obligations, and other important details.

It is crucial to abide by the terms of your lease agreement to avoid any financial disputes or penalties. Take the time to read through the documentation carefully and make note of any specific move-out procedures mentioned. For example, some buildings have specific timeframes and days of the week that allow moving in or out.

If you have any questions or concerns about the lease agreement or move-out requirements, don't hesitate to reach out to your landlord or property management company. Clear communication is key to ensuring a smooth move-out process.

Preparing for the Move-Out Process

Once you have a clear understanding of the lease agreement and move-out requirements, it's time to start preparing for the move itself. Some planning and organization will go a long way in making the entire move-out procedure less stressful.

Create a timeline and checklist to keep track of all the tasks you need to complete before the move-out date. This will help you stay organized and ensure you don't forget any smaller tasks that could fall by the wayside.

Start by decluttering and packing up your belongings. Sort through your items and decide what you want to keep, donate, or throw away. Group like belongings together by room, use, or how fragile they are to make the unpacking process easier as well.

Consider hiring professional movers if you have a lot of furniture or heavy items to transport. Shop for quotes and book the services well in advance to secure your preferred date and time, especially if you’re moving during a busy time of year.

Cleaning and Repairing the Rental Unit

Once everything is packed away and moved, if your lease agreement has cleaning requirements, now is the time to knock this task out. Your goal should be to leave the property in the same condition as when you moved in.

Start by thoroughly cleaning every room, including floors, walls, windows, and appliances. Check for any damages or repairs that need to be addressed. This includes fixing holes in the walls, repairing broken fixtures, and replacing any damaged items. If you are unsure about how to handle certain repairs, consult your landlord or property management company for guidance.

Keep in mind that failing to clean or repair the rental unit properly can result in deductions from your security deposit. Take the time to do a final walkthrough and address any issues before handing over the keys.

Addressing Security Deposit Issues

In Chicago, landlords are required to return the security deposit within 45 days of a tenant moving out. If there are any deductions from the deposit (like repairs), the landlord must provide a written itemized statement explaining the deductions.

Many landlords will forfeit this requirement and ask for an additional month of rent when moving in. In contrast to a security deposit, there is no expectation of receiving these funds back from your landlord or property manager.

However, if you did make a security deposit and you believe that the deductions are unfair or unjustified, you have the right to dispute them. Contact your landlord or property management company to discuss the deductions and provide any evidence or documentation to support your case.

Familiarize yourself with the local laws and regulations regarding security deposits to ensure you understand your rights as a tenant.

Forwarding Mail and Updating Address

An often neglected part of the move-out process, it is crucial to forward your mail and update your address. This will ensure that you continue to receive important mail and avoid any potential issues with your bills or subscriptions.

Contact your local post office or visit their website to set up a mail forwarding service. This will redirect your mail to your new address for a specified period. Update your address with any banks, credit card companies, utility providers, and other essential services to ensure a smooth transition. Be sure to check the little things like your monthly entertainment subscriptions to services (Spotify, Netflix, etc.) as well.

Canceling Utilities and Services

In addition to forwarding mail and updating your address, don't forget to cancel any utilities and services associated with your rental property. This includes electricity, gas, water, internet, and cable services.

Contact each utility provider to schedule the cancellation or change of service address. Settle any outstanding bills and inquire about any refunds or adjustments that may be due.

By canceling utilities and services promptly, you can avoid unnecessary charges and ensure a seamless transition to your new location.

Checklist For a Stress-Free Chicago Move-Out Experience

Moving out can be a stressful experience, but with the right approach, you can make it as smooth and hassle-free as possible. Here is a checklist to help you have a stress-free move-out experience in Chicago:

1. Start planning and preparing well in advance to avoid last-minute stress.

2. Keep a checklist and timeline to stay organized and ensure you don't miss any important tasks.

3. Declutter and pack up your belongings early to create a cleaner and more organized living space.

4. Hire professional movers or rent a moving truck if needed.

5. Clean and repair the rental unit thoroughly to avoid deductions from your security deposit.

6. Schedule the final walkthrough with your landlord and document the property's condition.

7. Address any security deposit issues promptly and dispute any unfair deductions.

8. Forward your mail and update your address with all relevant parties.

9. Cancel utilities and services associated with your rental property to avoid unnecessary charges.

10. Stay positive and remember that moving out is a fresh start and an opportunity for new beginnings.

The Ultimate Guide to a Smooth Move-Out Procedure for Tenants in Chicago

Following a proper move-out procedure is essential for all tenants in Chicago. By understanding your lease agreement, preparing for the move-out process, addressing security deposit issues, and taking care of other important tasks, you can ensure a smooth and stress-free move-out experience.

Remember to clearly communicate with your landlord or property management company, stay organized, and seek professional advice if necessary. If you follow our guide, you will be well-equipped to navigate the move-out process in Chicago and leave your rental property in good condition.

At PRG Management, we understand the unique potential challenges in dealing with tenant and unit turnover. If you find managing these aspects of your building overwhelming, PRG Management is here for you. Our dedicated Chicago property managers are experienced in dealing with all types of tenants and properties.

If you are a landlord or property owner who wants to reduce your daily stress while increasing your ROI you need to request a free proposal of management services today!

How Your Rental Property Is Affected By Pets

Anyone that has a furry friend at home knows how big of a part they play in our daily lives by providing love, entertainment, companionship, and countless memories. According to a nationwide study from the American Veterinary Medical Association, a fair amount of people in the United States are pet owners. Nationally, 56% of people in the United States have at least one cat or dog in their homes, with Illinois coming in 48% of households with cats or dogs.

The owners of these furry friends know all too well the hurdles that come with apartment renting and cat/dog ownership. Pet owners that rent generally prioritize buildings and associations that accept their pets. This is the biggest factor in choosing a new place to live. When you do the simple math, it becomes very clear why as a property owner, it is more beneficial in the long run to accept pets in your building. However, what exactly should you weigh on when making the decision to accept or decline pets?

The benefits of allowing pets in rentals include:

• Larger Applicant Pool: this diversifies your potential renters with more applications to choose from

• Lower Vacancy Rates: stop revenue loss and achieve a higher profit margin with less vacancies

• Attracts Long-Term Tenants: secure quality residents that will occupy units for longer periods of time on average. Happy residents stay longer!

• Higher Profit: you can charge a higher monthly rent and/or charge a premium pet fee yielding higher profits with minimal effort

In contrast, some of the downsides of allowing pets in rentals include:

• Common Tenant Complaints: those without pets may be less sympathetic to excessive noise leading to more complaints

• Common Area Complaints: messes in hallways or elevators or barking at passerby residents can lead to a general degradation of the building's quality of life

• Potential Damage To Apartment: not just dogs, but most animals have the potential of causing damage to different aspects of the unit.

Our advice at the end of the day is to be flexible and be open to accepting tenants with pets. Don’t single out the possibility of pet rentals at your units when the benefits can greatly outweigh the costs. By accepting pets, you attract residents that are more likely to stay for longer periods of time which allows for more profit security in the long term. The downside to accepting pets is when you allow the wrong pets (or owners) in the unit by not properly screening them the potential for complaints and damages can increase. Every situation is different, and no dog, cat, or furry friend is the same - so take this advice on a case-by-case basis and do what’s most comfortable for you as a property owner.

If you feel as if you don’t have the manpower or resources to accept pets or manage your current units with pets then think about hiring a property management company to help. Take a look at our full list of property management services to see if we can help you today! Contact PRG Management today to get a FREE quote and learn more about the services we offer for owners like you!

What To Know About the Illinois Eviction Moratorium

Now nine months into the pandemic, it’s clear that the housing market has fundamentally changed for renters, homeowners, property managers, and housing providers. Property manager Jenny Coopmans says the toughest part of her job now managing rent collections. “We have to make sure we can collect enough funds to keep the properties afloat. Owners are still responsible for mortgage payments, maintenance, insurance and other costs associated with the upkeep of the building,” she says.

There’s a lot to keep up with from federal orders to the state's eviction moratorium and local legislation changes. We’ll cover the latest updates so that you can prepare for what's ahead.

When will evictions resume?

In an executive order, Gov. Pritzker first put a moratorium on evictions starting on March 20. Since then, he’s opted to extend the order every month as it nears expiration and on October 16, the governor did just that. At a press conference, he stated, “Remember, nothing really has changed in terms of the effect of COVID-19 and its effect on the economy, its effect on people’s jobs and their ability, or inability, to pay their rent or mortgage.” So for now, this means the statewide moratorium on evictions for non-payment will last until November 14.

To be clear, the moratorium only prevents the court filing and enforcement of evictions, renters must still pay rent. There are some cases where the court will permit evictions but only when a tenant is breaking the law, posing a threat to others, or causing severe damage. These types of evictions are less common because they’re harder for housing providers to prove in court. So, the majority of eviction cases are due to non-payment.

How does the eviction moratorium from the CDC apply to Chicago?

In September, the CDC issued a moratorium on evictions until the end of the year. The CARES Act also had a moratorium on evictions, but it applied to much fewer properties and tenants. The CDC’s order includes all residential properties that are occupied by tenants who are receiving government assistance, have had their income impacted by the pandemic, or if they’d be homeless if evicted. Right now, the governor’s order is what applies to Illinois. The larger federal order would only come into play if the state’s mandate expires for good in November.

What does the COVID-10 Eviction Protection and Fair Notice ordinances mean for property managers?

The challenges of the pandemic brought Chicago’s housing issues to the forefront of the city’s agenda. Many policy makers called for changes to protect the fragile market, and while the ordinances primarily protects renters, they do have provisions that everyone should know.

This summer, the City Council approved the eviction protection ordinance which requires landlords to make a “good faith” effort in situations of non-payment. This means a conversation about payment plans or involving a third-party mediator. The ordinance also protects housing providers by requiring tenants to pay rent. Typically, a tenant has five days to respond to a landlord’s intention to file an eviction. A separate mandate, the Fair Notice ordinance which passed at the same time, extends that period to a total of 12 days if the tenant indicates they’ve been affected by COVID-19. It also requires that landlords must give 60 to 120 days notice (depending on how long the tenant has lived there) to tenants for non-renewals or rent increases.

Most of the measures put forth by policy makers have focused on preventing a wave of evictions. Coopmans says that owners need to be taken care of, too. “It’s crucial to provide assistance to both renters and property owners,” she says.