Property Management- Chicago
The City of Chicago, Illinois is the largest city in the State and the third-most populous city in the United States. It has an estimated population of 2.8 million people. Chicago is located along the southwestern shore of Lake Michigan and is also known as the “Windy City”.
The City of Chicago has the third largest gross metropolitan product in the nation. Due to high level of diversification the city has been rated the most balanced economy in the nation. The City of Chicago is a major financial center only second to New York’s central business district. Some of the other major employment industries contributing to the economy of the city are printing and publishing, and food processing.
Housing affordability has become a matter of concern in the City of Chicago because of its growing economy. The current median home price for Chicago County is $264,000. A lot of households in the area prefer to live in rental housing managed by professional management companies. Some of the professional management companies in Chicago are listed below:
1. Allegiance Property Management
Address: 1400 W Devon, Ste. 275, Chicago, IL 60660
Allegiance Property Management manages single home or condos that are less than three hundred thousand dollars and multi family units that are from two to four units to more than a hundred units.
Services provided by the Allegiance Property Management company include administration of lease, maintenance and operations of the property, administration of contracts, conducting due diligence, billing and collection, marketing of vacant units at the highest market rents, supervising repairs, twenty four hour emergency service and prompt disbursement of the collected rents.
2. Barrington Partners, LLC
Address: 22 East Cullerton Street, Unit #1, Chicago, IL 60616
Barrington partners LLC property Management Company manages condo and homeowners association that are more than fifty units, retail units that are up to or more than ten thousand square feet, office space that is up to or more than ten thousand square feet and ware house distribution facilities that are less than a hundred thousand square feet.
Typical services provided by Barrington partners LLC include creating a management plan to address the management’s goals and vision, developing a maintenance plan, preparing rules and regulations, creating a competitive bidder list, managing reserve requirements and operating budget.
3. Homeowner Association Services
Homeowner Association Services property Management Company manages homeowners association that are up to or more than fifty units and provides the following services to its clients:
o Membership administration services which include billing and collection and tenant management.
o Business and financial services which include tax filing, preparation of monthly reports and managing accounts payable
o Education and training services of homeowner association board and leadership through classroom training web based training or even regional training.
4. Brea Property Mgt Of Illinois
Address: 200 E Randolph St, Chicago, IL 60601
5. Camco Inc
Address: 175 N Harbor Dr, Chicago, IL 60601
6. Chicagoland Management & Rlty
Address: 225 N Michigan Ave, Chicago, IL 60601
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