Key Takeaways Management Costs: Full-service management typically runs 8% to 12% of monthly rent, while leasing-only services have different fee structures and responsibilities. Maintenance Planning: Budget 1% to 2% of property value annually for routine maintenance...
Key Takeaways Create A Clear Pet Policy: Create a clear pet policy with consistent lease terms and screening standards to help protect your property while attracting responsible residents. Expand Your Applicant Pool: Marketing your rental as pet-friendly can expand...
Key Takeaways Inspect and Repair Before Listing: Complete inspections, address maintenance concerns, and test all systems before marketing your rental. Presentation Impacts Tenant Quality: Cleanliness, updated finishes, curb appeal, and professional presentation can...
Key takeaways Thorough Screening Reduces Risk: A detailed tenant screening process can help Northwest Chicago landlords reduce risks such as late payments, property damage, and frequent tenant turnover. Multiple Screening Steps Matter: Effective screening should...
