Property management - Avondale/ Logan

[Fedor Volkov]

Hi BP Chicagoland community, 

Looking for an investor-friendly property management. I own a 3-flat in Avondale that I'm house hacking but I will be away for about 3-4 months in the winter, so won't be able to self-manage it. 

Any recommendations of reliable property managers in the neighborhood? Thanks!

[Imran H.]

Hi Fedor, if you are away for a few months, I don't think you need a property manager.

1. Have all of your tenants electronically pay you

2. Keep emergency contacts for HVAC, Plumbing, Electrical

3. Have your regular contacts handy for snow removal, landscaping, cleaning etc

If you really need one try the following:

Try Mike Cho, I see him managing a lot properties. There is also Peak Properties but they might be too big and there is 33 Realty another I can think of. My family friend also runs this company, they might be able to help you.

https://hostlybnb.com/meet-the...

[Fedor Volkov]

@Imran H. Thank you! I overall agree and that is my plan, but want to compare how much it will cost me to fully outsource it and sort of forget about any headaches :)

[Paul De Luca]

I'm sure @Mark Ainley could help or offer you some advice.

[Henry Lazerow]

I self manage with Cozy it's pretty easy almost never talk to the tenants. I even have a few out of state clients who self manage in the A class areas with a lockbox for the rare times handyman needs to come by. You won't skip the headache using a manager. They will still contact you with any problems and you will get annoyed how they overcharge you various things (all the companies do this). 

If decide to go with management you should be able to get 5-7% rates in this area. Some I recommend....

Kass Realty 

Peak Realty

Fulton Grace Realty (disclosure I am agent there but completely separate management division). 

Mark Ainley 

33 Realty

[Paul De Luca]

@Henry Lazerow

Did you notice any changes or experience headaches with Cozy when they partnered with Apartments.com?

[Henry Lazerow]

I haven't noticed any changes with Cozy. I think the partnership only affects how you market open rentals. I always just manually marketed listings on all the sites anyways. It's crazy the service is free you get a lot for it being free. I think they are just making money off advertising listings and the credit checks tenants pay now.