To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I’d recommend listening to the straight up Chicago investor podcast for local information, going to the variety of meetups that are in this great city, and meeting a lot of the people posting here. 

I would look at their policies and make sure both the coverage and deductibles meet your needs. 

It is a very low bar for you to meet, but keep in mind that is also the level of upkeep some S8 tenants might have in mind.

In your contract with your agent, you can say that you are not willing to pay above the offered commission or agree to a minimum and have your agent let you know if a home is not meeting that minimum.

I see a failure rate of 90% plus in some of these programs, as defined by the “student” not meeting their goals and expectations.  

I would start speaking with residential / commercial agents and property management companies close by and get a feeling if something closer by will meet your criteria.

I host a group for midterm rental operators and I had 2 people in last week's meeting essentially say the same thing.

Looking forward to meeting likeminded people :) 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!