You have made a valuable investment for your future by being a rental property owner in Arlington Heights. Through due diligence, managing your properties is doable while still protecting and growing that investment. Due diligence is having caution and care while performing tasks. It is done to minimize risk. This can be applied in a lot of ways when it comes to rental properties.
To provide a sense of security for your tenants, you have the crucial task of carefully preparing your property to make it liveable. This may include getting insurance for your property as well as doing routine maintenance and repairs. At Real Property Management Chicago Group, we make sure due diligence is present in every aspect of how we function. As a matter of fact, nationwide, rental property owners place their investment properties into the safe hands of their local RPM office. This is because their approach to due diligence makes them stand out compared to others.
Preparing a Property for Tenants
We start with helping rental property owners get their property ready for their tenants. In order for your property to meet the legal definition of “habitable”, due diligence is carefully done to make sure that you have all you need to keep liability at its lowest.
Comprehensive property assessments are being offered by Real Property Management Chicago Group. This allows you to see a detailed view of your property’s current condition. A rental should be in the best condition so that your tenants can live there safely. This is why we inspect your property to find out if there is anything that needs to be done. On top of that, we will help you get suitable landlord insurance and provide high-quality, detailed lease documents that clearly outline the terms of your agreement with your tenant. Through this, we help you minimize risk as well as the potential for dispute or confusion in the future.
One service Real Property Management Chicago Group provides is careful tenant screening. Once your property is ready to rent, the next phase is to look for the right tenant. We are dedicated to finding a tenant who will take good care of your property. We have a multi-step screening process that verifies each applicant’s background and financial stability. We also call up past landlords and references. To prevent having issues with tenants, it is important to follow proper due diligence when it comes to tenant screening. In this way, you protect yourself as well as your investment property.
We have a unique setup in terms of property maintenance and repair- this is what sets Real Property Management Chicago Group apart. We take extra care to get your property ready for each tenant. We believe that all rental properties need to schedule and perform regular preventive maintenance. Being proactive with property maintenance allows one to avoid unexpected and pricey repair bills. Helping you plan and budget for property updates and renovations is something we also do while making certain that we prolong the lives of your appliances, HVAC, plumbing, and more. Through looking at property maintenance from a place of due diligence, you may be able to save money on repairs and reduce tenant turnover.
When you entrust Real Property Management Chicago Group with your rental properties, you are getting services that go above and beyond the industry standard. Our Arlington Heights team of property managers works with rental property owners like you to safeguard your important investment and support you as you seek to build your investment portfolio. Contact us today to learn more or give us a call at 312-265-0660.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.