Property Management Companies in Chicago Cicero area?

[Richard Young]

Hi,

Does anyone have any good property management referrals?  I am ideally looking for a medium sized company that is experienced in multi-family (30+ units), reasonably priced and knows the Cicero area well.

Thanks in advance!

Rich

[Richard Pace]

Hi Elizabeth

If you want to remain in business, stay away from LETTS. Janet is a great person, but all she does is the PR. The back bone is very bad, and all they do is take their fee's, and run your property into the ground. We had first hand experience, when we gave them our 30+ units in Chicago. After five month numerous units remained un-rehabbed nor rented. When they finally got around to fixing up a unit, the work was very bad, and they charged us for items never installed or done. We found out when we surprised them by going to Chicago, and requesting to see the finished units. The chose is yours, but you have been warned. When we confronted Preston Letts, all he did was lie to our face. Also their contract has a clause in it that if after six months you are not satisfied they reimburse you all the management fees. We cancelled our contract and advised them in writing and requested the reimbursement in September 2014, which to date after numerous attempt, have not received. We are presently with Anton Asset Management, and although they are very business they are handling the properties much better than Letts. Hope this give you some insight.  Good luck

Richard