{"id":18166,"date":"2020-07-09T19:32:03","date_gmt":"2020-07-09T19:32:03","guid":{"rendered":"https:\/\/www.fultongrace.com\/blog\/?p=18166"},"modified":"2020-07-10T19:49:36","modified_gmt":"2020-07-10T19:49:36","slug":"landlords-how-to-maximize-your-rental-income-in-chicago-il","status":"publish","type":"post","link":"https:\/\/www.fultongrace.com\/blog\/landlords-how-to-maximize-your-rental-income-in-chicago-il\/","title":{"rendered":"Landlords: How to Maximize Your Rental Income in Chicago, Il"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Marketing your property for rent includes a vital component: Selecting a Listing Price. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This amount must reflect the property\u2019s fair market value. Because most of the activity on your home occurs in the first few weeks, <\/span><b>it is essential to determine the magic rental price from the start<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><!--more--><\/p>\n<p><strong>Contact a Fulton Grace Realty <a href=\"https:\/\/www.fultongrace.com\/landlords\/chicago-property-management\/\">Property Manager<\/a> for a Free Consultation:<\/strong><\/p>\n<div data-test='contact-form' id='contact-form-18166' class='wp-block-jetpack-contact-form-container '>\n<form action='https:\/\/www.fultongrace.com\/blog\/landlords-how-to-maximize-your-rental-income-in-chicago-il\/#contact-form-18166' method='post' class='contact-form commentsblock'>\n<script>\n\t\t\t( function () {\n\t\t\t\tconst contact_forms = document.getElementsByClassName('contact-form');\n\n\t\t\t\tfor ( const form of contact_forms ) {\n\t\t\t\t\tform.onsubmit = function() {\n\t\t\t\t\t\tconst buttons = form.getElementsByTagName('button');\n\n\t\t\t\t\t\tfor( const button of buttons ) {\n\t\t\t\t\t\t\tbutton.setAttribute('disabled', true);\n\t\t\t\t\t\t}\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t} )();\n\t\t<\/script>\n<div style=\"\" class='grunion-field-name-wrap grunion-field-wrap'  >\n<label\n\t\t\t\tfor='g18166-name'\n\t\t\t\tclass='grunion-field-label name'>Name<span>(required)<\/span><\/label>\n<input\n\t\t\t\t\ttype='text'\n\t\t\t\t\tname='g18166-name'\n\t\t\t\t\tid='g18166-name'\n\t\t\t\t\tvalue=''\n\t\t\t\t\tclass='name  grunion-field' \n\t\t\t\t\trequired aria-required='true' \/>\n\t<\/div>\n\n<div style=\"\" class='grunion-field-email-wrap grunion-field-wrap'  >\n<label\n\t\t\t\tfor='g18166-email'\n\t\t\t\tclass='grunion-field-label email'>Email<span>(required)<\/span><\/label>\n<input\n\t\t\t\t\ttype='email'\n\t\t\t\t\tname='g18166-email'\n\t\t\t\t\tid='g18166-email'\n\t\t\t\t\tvalue=''\n\t\t\t\t\tclass='email  grunion-field' \n\t\t\t\t\trequired aria-required='true' \/>\n\t<\/div>\n\n<div style=\"\" class='grunion-field-textarea-wrap grunion-field-wrap'  >\n<label\n\t\t\t\tfor='contact-form-comment-g18166-message'\n\t\t\t\tclass='grunion-field-label textarea'>Message<\/label>\n<textarea\n\t\t                style=''\n\t\t                name='g18166-message'\n\t\t                id='contact-form-comment-g18166-message'\n\t\t                rows='20' class='textarea  grunion-field'  ><\/textarea>\n\t<\/div>\n\t<p class='contact-submit'>\n\t\t<button type='submit' class='pushbutton-wide'>Submit<\/button>\t\t<input type='hidden' name='contact-form-id' value='18166' \/>\n\t\t<input type='hidden' name='action' value='grunion-contact-form' \/>\n\t\t<input type='hidden' name='contact-form-hash' value='dc66677a9c9f8f677621296a57b5d0a9d7651492' \/>\n\t<\/p>\n<p style=\"display: none !important;\"><label>&#916;<textarea name=\"ak_hp_textarea\" cols=\"45\" rows=\"8\" maxlength=\"100\"><\/textarea><\/label><input type=\"hidden\" id=\"ak_js_1\" name=\"ak_js\" value=\"245\"\/><script>document.getElementById( \"ak_js_1\" ).setAttribute( \"value\", ( new Date() ).getTime() );<\/script><\/p><\/form>\n<\/div>\n<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"634\" height=\"357\" src=\"https:\/\/www.youtube.com\/embed\/UT05qelcvy0?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation\"><\/iframe><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our pricing strategies will maximize your rental revenue and minimize your property\u2019s market time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In order to recommend a listing price, our landlord specialists analyze the fair market value of properties in your area. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">They closely examine comparable rentals and overall market trends while considering the unique characteristics of your property that may impact, and even increase, its value. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The art of pricing combines intelligent analysis of statistical data with our landlord specialists\u2019 vast experience and intimate knowledge of current rental markets.<\/span><\/p>\n<h3><b>FREE LISTING PHOTOGRAPHY\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">We provide only top quality images, as we fully understand the importance of first impressions resonating with potential renters and buyers. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Professional photos taken by our on-staff photographers enhance any home\u2019s appeal and are made all the more attractive by the fact they are COMPLIMENTARY to all of our clients. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">We want them to see your listing and subsequently, want to see more of your property!\u00a0<\/span><\/p>\n<h3><b>MAXIMUM EXPOSURE\u00a0<\/b><\/h3>\n<p><b>Standout Marketing &amp; Showings <\/b><span style=\"font-weight: 400;\">Our in-house professional photographers &amp; graphic designers create superior marketing materials to showcase your property. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our photography service is free to all of our clients. We schedule and conduct showings with all prospective tenants interested in viewing your property. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If a property is already tenant-occupied, we are particularly respectful of tenant rights and provide ample notice.\u00a0<\/span><\/p>\n<p><b>Conduct Background Checks &amp; Prepare Lease Documents <\/b><span style=\"font-weight: 400;\">We perform extensive background and criminal checks on all applicants. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">We review these background checks with you and offer our recommendations (when appropriate) so that you can make an informed decision on whether to approve an application. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once you approve the applicant(s), we will prepare the lease agreement, disclosures and numerous other legally-required documents. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">We oversee the lease signing and collect the security deposit (if applicable) and first month\u2019s rent.\u00a0<\/span><\/p>\n<h3 style=\"text-align: center;\"><b>ONE POINT OF CONTACT, LAYERS OF SUPPORT\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Our property management departmental structure ensures accountability, availability and responsiveness. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">While you will be assigned one primary point of contact, a Property Manager, you will be supported behind the scenes by layers of professionals. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">We are readily available and on call for emergencies 24 hours a day, 7 days a week. Additionally, we pride ourselves in responding to tenant and owner inquiries &amp; maintenance requests in a very timely manner.\u00a0<\/span><\/p>\n<h3><b>TECH-SAVVY RENT MANAGEMENT\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Our online rent payment system simplifies payment for tenants, resulting in more effective and timely collection of rent. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">We direct deposit the monthly rental income into our owners\u2019 bank accounts, ensuring they receive funds efficiently.\u00a0<\/span><\/p>\n<h3><b>TRUSTWORTHY MAINTENANCE\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">We include <\/span><b>2 free hours of labor each month <\/b><span style=\"font-weight: 400;\">provided by our licensed and insured handymen. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">For more complex issues we have an extensive rolodex of trusted and reliable contractors.\u00a0<\/span><\/p>\n<h3><b>POWERFUL FINANCIAL REPORTING\u00a0<\/b><\/h3>\n<p><b>Tenant Retention &#8211; Minimize Vacancies &amp; Maximize Investments <\/b><span style=\"font-weight: 400;\">If tenant turnover is needed, we prepare a rental analysis, advising landlords on current rental market value before placing a property on the market. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">We also begin the process of locating replacement tenants well in advance, ensuring there is minimal to no downtime between tenants, which in turn maximizes the return on our owners\u2019 investments.\u00a0<\/span><\/p>\n<p><b>Move-In And Move-Out Inspections <\/b><span style=\"font-weight: 400;\">Our property managers conduct thorough move-in and move-out inspections, assessing potential tenant damages and any turnover repairs or improvements needed. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">We are well versed in navigating quick turnovers and have a robust database of trusted vendors to aid in the process.<\/span><\/p>\n<p><strong><a href=\"https:\/\/www.fultongrace.com\/contact-us\/\">Contact Us<\/a> Today to Maximize Your Rental Income:<\/strong><\/p>\n<div data-test='contact-form' id='contact-form-18166' class='wp-block-jetpack-contact-form-container '>\n<form action='https:\/\/www.fultongrace.com\/blog\/landlords-how-to-maximize-your-rental-income-in-chicago-il\/#contact-form-18166' method='post' class='contact-form commentsblock'>\n<script>\n\t\t\t( function () {\n\t\t\t\tconst contact_forms = document.getElementsByClassName('contact-form');\n\n\t\t\t\tfor ( const form of contact_forms ) {\n\t\t\t\t\tform.onsubmit = function() {\n\t\t\t\t\t\tconst buttons = form.getElementsByTagName('button');\n\n\t\t\t\t\t\tfor( const button of buttons ) {\n\t\t\t\t\t\t\tbutton.setAttribute('disabled', true);\n\t\t\t\t\t\t}\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t} )();\n\t\t<\/script>\n<div style=\"\" class='grunion-field-name-wrap grunion-field-wrap'  >\n<label\n\t\t\t\tfor='g18166-name'\n\t\t\t\tclass='grunion-field-label name'>Name<span>(required)<\/span><\/label>\n<input\n\t\t\t\t\ttype='text'\n\t\t\t\t\tname='g18166-name'\n\t\t\t\t\tid='g18166-name'\n\t\t\t\t\tvalue=''\n\t\t\t\t\tclass='name  grunion-field' \n\t\t\t\t\trequired aria-required='true' \/>\n\t<\/div>\n\n<div style=\"\" class='grunion-field-email-wrap grunion-field-wrap'  >\n<label\n\t\t\t\tfor='g18166-email'\n\t\t\t\tclass='grunion-field-label email'>Email<span>(required)<\/span><\/label>\n<input\n\t\t\t\t\ttype='email'\n\t\t\t\t\tname='g18166-email'\n\t\t\t\t\tid='g18166-email'\n\t\t\t\t\tvalue=''\n\t\t\t\t\tclass='email  grunion-field' \n\t\t\t\t\trequired aria-required='true' \/>\n\t<\/div>\n\n<div style=\"\" class='grunion-field-textarea-wrap grunion-field-wrap'  >\n<label\n\t\t\t\tfor='contact-form-comment-g18166-message'\n\t\t\t\tclass='grunion-field-label textarea'>Message<\/label>\n<textarea\n\t\t                style=''\n\t\t                name='g18166-message'\n\t\t                id='contact-form-comment-g18166-message'\n\t\t                rows='20' class='textarea  grunion-field'  ><\/textarea>\n\t<\/div>\n\t<p class='contact-submit'>\n\t\t<button type='submit' class='pushbutton-wide'>Submit<\/button>\t\t<input type='hidden' name='contact-form-id' value='18166' \/>\n\t\t<input type='hidden' name='action' value='grunion-contact-form' \/>\n\t\t<input type='hidden' name='contact-form-hash' value='dc66677a9c9f8f677621296a57b5d0a9d7651492' \/>\n\t<\/p>\n<p style=\"display: none !important;\"><label>&#916;<textarea name=\"ak_hp_textarea\" cols=\"45\" rows=\"8\" maxlength=\"100\"><\/textarea><\/label><input type=\"hidden\" id=\"ak_js_2\" name=\"ak_js\" value=\"83\"\/><script>document.getElementById( \"ak_js_2\" ).setAttribute( \"value\", ( new Date() ).getTime() );<\/script><\/p><\/form>\n<\/div>\n<p><b>WHO IS<\/b>\u00a0<a href=\"https:\/\/www.fultongrace.com\/\"><b>FULTON GRACE REALTY<\/b><\/a><b>?<\/b><\/p>\n<p>We are one of Chicagolands leading providers of comprehensive Real Estate Services.<\/p>\n<p>We are home to an ever-growing team of savvy &amp; reputable local <a href=\"https:\/\/www.fultongrace.com\/agents\/real-estate-chicago-il\/\">Chicagoland Realtors<\/a>, who specialize in Finding Home, Together. Whether you&#8217;re searching to buy, sell, or rent and apartment, let Fulton Grace Realty advise you on for your next move.<\/p>\n<p>Fulton Grace Realty is also Chicago&#8217;s #1 Property Management Company. Our seasoned team of Property Managers are available 24 hours a day, 7 days a week for all Landlord\/Tenant needs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marketing your property for rent includes a vital component: Selecting a Listing Price. This amount must reflect the property\u2019s fair market value. Because most of the activity on your home occurs in the first few weeks, it is essential to determine the magic rental price from the start.<\/p>\n","protected":false},"author":99745542,"featured_media":18199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[35091017,691669618],"tags":[7545041,237703,3560,373722],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.fultongrace.com\/blog\/wp-content\/uploads\/2020\/07\/69681097_2444809225542229_6078426154694344704_o.jpg?fit=2048%2C1365&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbBC5T-4J0","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.fultongrace.com\/blog\/wp-json\/wp\/v2\/posts\/18166"}],"collection":[{"href":"https:\/\/www.fultongrace.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fultongrace.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fultongrace.com\/blog\/wp-json\/wp\/v2\/users\/99745542"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fultongrace.com\/blog\/wp-json\/wp\/v2\/comments?post=18166"}],"version-history":[{"count":7,"href":"https:\/\/www.fultongrace.com\/blog\/wp-json\/wp\/v2\/posts\/18166\/revisions"}],"predecessor-version":[{"id":18213,"href":"https:\/\/www.fultongrace.com\/blog\/wp-json\/wp\/v2\/posts\/18166\/revisions\/18213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fultongrace.com\/blog\/wp-json\/wp\/v2\/media\/18199"}],"wp:attachment":[{"href":"https:\/\/www.fultongrace.com\/blog\/wp-json\/wp\/v2\/media?parent=18166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fultongrace.com\/blog\/wp-json\/wp\/v2\/categories?post=18166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fultongrace.com\/blog\/wp-json\/wp\/v2\/tags?post=18166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}