Other Properties We Manage
Real Property Management Chicago Group is the expert in managing residential rental property in the greater Chicago Land area, including Apartment Communities, condominiums and other attached units, single family houses, multi-plexes and Real Estate Owned (REO) properties.
Managing apartments with 10 – 50 units can be complicated. Our focus is to provide the maximum return from your investment without the work associated with the day to day running of the apartment complex. We are familiar and comfortable with the regional culture as well as local and state laws. We are well qualified and experienced to manage small to mid-sized apartment communities. The services we provide can include leasing agreements, rent collection, cash dispersal, and tenant relations and also 24 hour, seven days a week, maintenance and repair service. We can even staff your community if you require on-site presence.
Real Estate Owned Properties
Real Estate Owned (REO) properties (foreclosed properties owned by a bank, government agency or government loan insurer) can be found in nearly every neighborhood across the country. Bank REO properties are frequently in poor condition and need repairs and maintenance, both to satisfy property upkeep laws and to preserve the property’s value for selling purposes.
In addition, the Protecting Tenants at Foreclosure Act (ProTAFA) basically gives a tenant the right to stay in a foreclosed home if they have a lease, forcing banks, and in some cases individual investors, to become the landlord. Real Property Management has the knowledge and experience in working with institutions to preserve foreclosed properties and abide by ProTAFA.