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October 31, 2020
Property managers take care of commercial and residential properties, including tenant relations, finding renters and rental services, serving eviction notices, collecting payment, and more.

The Best Property Managers in Chicago IL Are the Ones Proven Safe To Hire

Property managers in Chicago IL bearing The Prime Buyer's Report TOP 10 symbol are those property management companies that have exceeded the minimum Illinois regulatory standard. They are those proven by our independent research to have passed the TOP 10 requirements for value and reliability, that carry liability insurance as protection for you the client, who use only employees legal to work in the U.S., and for whom our staff has called previous clients to verify high satisfaction with them for property management in Chicago IL, including vacation rentals, apartment buildings, rental homes, and commercial property management such as for office building managment, malls and other retail properties.

 
 

The TOP 10 Property Managers in Chicago IL

The TOP 10 Property Managers in Chicago IL

HRI Property Management

  • HRI Property Management Profile
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(224) 735-3550
11 W College Dr # E
Arlington Heights, IL 60004

Areas Served: Chicago IL, Arlington Heights IL, Cicero IL, Berwyn, Oak Lawn,…
Services: property management services for residential & commercial, retail property managers

McLenan Property Management

  • McLenan Property Management Profile
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(847) 787-0165
2501 E Devon Ave
Elk Grove Village, IL 60007

Areas Served: Northfield IL, Chicago IL, Cook County IL, Des Plaines IL,…
Services: residential property managers, rental & retail property management services

American Property Management

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(847) 985-6464
1251 N Plum Grove Rd # 140
Schaumburg, IL 60173

Areas Served: Cook County, Chicago IL, Kenilworth IL, Cicero IL, Winnetka IL,…
Services: local property managers for residential, commercial, retail, vacation, rental property

Executive Property Management

  • Executive Property Management Profile
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(708) 922-9144
18679 Dixie Hwy
Homewood, IL 60430

Areas Served: Chicago IL, Kenilworth IL, Cook County Illinois, Schaumburg IL, Northfield…
Services: property management services incl. rent collection, tenant screening, maintenance

Erickson Property Management

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(708) 425-8700
13301 S Ridgeland Ave # B
Palos Heights, IL 60463

Areas Served: Cook County IL, Arlington Heights IL, Chicago IL, Evanston IL,…
Services: rental property management, vacation property managers, commercial property managers

Royster Property Management Service Inc

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(708) 479-7916
11535 183rd Pl # 111
Orland Park, IL 60467

Areas Served: Cook County IL, Lemont IL, Chicago IL, Barrington IL, Cicero…
Services: property managers incl. retail, mobile home parks, rentals, commercial

Reit Property Management LLC

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(312) 819-4472
233 N Michigan Ave # 2470
Chicago, IL 60601

Areas Served: Hoffman Estates, Glenview, Streamwood, Hanover Park, , Kenilworth IL, Winnetka…
Services: apartment property managers for rent collection, evictions, showings, contracts

Group Fox Property Management

  • Group Fox Property Management Profile
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(773) 267-5600
2600 W Montrose Ave
Chicago, IL 60618

Areas Served: Chicago IL, Tinley Park, Orland Park, Des Plaines, Skokie, Palatine,…
Services: rental property managers & apartment property management services

Kane Property Management Corp

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(773) 472-2300
806 W Belmont Ave
Chicago, IL 60657

Areas Served: Cook County, Palos Park IL, Chicago Illinois, Cicero IL, Schaumburg…
Services: local property management firm for residential, commercial, retail

The Best Property Managers in Chicago IL Are the Ones Proven Safe To Hire

The state of Illinois requires that property management companies in Chicago IL have a state real estate license if they are engaging in renting, leasing, collecting rent, and finding tenants in their management of apartments or other rental properties such as mall and office buildings.  But that license is not specific to knowledge of property management.

So the state license is no guarantee that any particular property management company in Chicago IL is even competent in property management, is doing business ethically, is providing real value, or satisfying its clients.

This makes it significant that all property managers in Chicago IL who bear The Prime Buyer's Report-TOP 10 symbol have been cleared by our research staff as passing all the requirements for Prime Buyer's Report-TOP 10 status such as survey phone calls to previous clients to verify high satisfaction with their property management services, good complaint record, verified state license, verified liability and workers' comp insurance for your protection, using only employees legal to work in the U.S., and more.


Property Management Companies in Chicago
IL

Whether you need good residential property managers, commercial property managers or property management companies for retail property management in Chicago IL, the best property managers know how to maximize your income by minimizing vacancies and finding tenants. Good property management companies in Chicago IL also oversee maintenance to retain the value of your buildings.

Some property management firms in Chicago IL have particular expertise in either residential or commercial property management and other properties including marinas, retail buildings, and mobile home parks. The kind of property you own will determine the experience and size of the property management companies you consider.

 

Responsibilities of Residential Property Managers in Chicago IL

Residential property management companies in Chicago IL deal with tenants and are responsible for coordinating repair, maintenance, and tenant improvements. They often also collect rent, and remit taxes and make other payments.

The core responsibility of rental property managers (also called  apartment property managers) is to serve as the conduit between the tenants and the property owner. This can include dealing with overdue rent and tenant evictions. Some residential property managers are also responsible for renting out units, rental showings and tenant  contracts. They lessen the burden on the building owners by taking over tasks including maintenance appointments and overseeing tenant improvements. Good rental property managers will send monthly reports to the property owners to keep them up to date on financial and property details.

 
Responsibilities of Commercial Property Managers in Chicago IL

Commercial property managers do many of the same tasks that rental property managers do, but they must also have experience managing multiple tenants, property management software and accounting systems, building security and management issues that are unique to commercial and retail spaces. The best commercial property management companies in Chicago IL also pay the utility bills and expenses.

Commercial and retail property managers take care of the day-to-day up keep of the property and often advertise vacant properties and screen the potential tenants. Their expertise might also include minimizing vacancies and increasing the income the property generates. Experienced property management services can even increase profit by advising property owners on the price of available units based on comparable units in nearby areas.

 
Some Property Management Companies in Chicago IL Are Better Than Others

The cheapest property managers in Chicago IL usually aren't the best ones. Cutting corners and lack of full oversight lead to bigger expenses later on that could have been avoided.

The Prime Buyer's Report lists these Property Management Companies in Chicago IL: . Other property managers in Chicago IL that might still be in business include: .

 

Questions To Ask Property Managers in Chicago IL

To be sure you're getting the best property managers in Chicago IL for your particular needs,  follow these guidelines below.

 

Step 1: Describe Your Requirements to the Property Management Companies in Chicago IL

Prepare a list of all the tasks you want a property management service to take care of. Then have ready a full description of the property, income and expense information. Share the same list of tasks and property description with all of the property management companies you're considering so their proposals to you are for the same services so that you can make a fair comparison.

Step 2: Use the Following Questions to Evaluate Property Managers

You'll learn a lot about the residential property management companies or commercial property managers in Chicago by conducting a short interview. You're likely to find the best property management company for you by choosing the one who can answer your questions to the best of your satisfaction.

The following questions will get you started:
 
• Are the property managers in Chicago available full-time or part time?

• What are their hours of operation? Will they also take care of your property on weekends and holidays?

• How much are the fees, how are they structured, and are there potential extras?

• How many other properties do the property managers manage?

• How strong is their knowledge of your particular local market?

• Do they outsource their duties to other individuals? Or will they be directly involved in all of the property management services?

• Can they prove to you that all their employees are legally allowed to work in the U.S.? (All property management companies in Chicago IL bearing The Prime Buyer's Report-TOP 10 symbol have already signed an agreement to only hire documented workers.)

• What are the contract terms?

• Do the employees at the property management companies know how to collect rent?

• Will the property managers provide names of clients you can call to verify their satisfaction? (All property managers in Chicago IL bearing The Prime Buyer's Report TOP 10 symbol have already had their clients called by our research staff so you don't have to.)

• Do the property management companies in Chicago charge extra fees for property showings, evictions or any extra services?                                                                                             

• How do they advertise the rental units?

• Will they show you copies of their liability insurance and workers' compensation insurance? (All property managers in Chicago IL  bearing the Prime Buyer's Report-TOP 10 symbol have already had proof of insurance verified by our research staff so you don't have to.)


• What is the average time and cost for them to prepare rental units?

• What has been the average length of time it's taken each of the property management companies to fill vacancies?

• What screening methods do the property managers use when filling apartment vacancies?

Once you've chosen the best property managers in Chicago IL for your particular needs, make sure they have a real estate license from the state of Illinois since that's required by law. (All property managers in Chicago IL  bearing the Prime Buyer's Report-TOP 10 symbol have already had their state license verified by our research staff so you don't have to.)

 

Resources About Property Managers in Chicago IL

Regulatory Agencies & Trade Associations Related to Property Management in Chicago IL

BOMI Building Owners & Managers Institute International www.bomi.org
BOMA Illinois | Building Owners & Managers Assocation of Illinois www.bomasuburbanchicago.com
Chicagoland Apartment Association www.caapts.org
CIRPP Central Illinois Rental Property Professionals www.cirpp-live.com
IRPOA Illinois Rental Property Owners Association www.irpoa.org
Illinois Landlord Association www.arpola.org/landlord-association-illinois/
IREM Institute of Real Estate Management www.irem.org
IREM Illinois www.iremchicago.org
NAA National Apartment Association www.naahq.org
NARPM National Association of Residential Property Managers www.narpm.org
Property Management Association pma-dc.org

 

Media Regarding Property Managers in Chicago Illinois

Commercial Property News Magazine
Property Management Magazine
Commercial Property Management Magazine
The Journal of Property Management
Rental Property Reporter
International Journal of Strategic Property Management

The Prime Buyer's Report provides information for the TOP 10 Property Managers in Chicago IL within the following zip codes:

60827, 60638, 60660, 60623, 60644, 60706, 60630, 60652, 60805, 60637, 60659, 60622, 60643, 60690, 60629, 60651, 60804, 60636, 60657, 60621, 60642, 60684, 60628, 60649, 60803, 60634, 60656, 60620, 60641, 60680, 60626, 60647, 60714, 60633, 60655, 60640, 60666, 60625, 60646, 60712, 60632, 60654, 60639, 60661, 60624, 60645, 60707, 60631, 60653, 60456, 60604, 60425, 60480, 60463, 60610, 60439, 60526, 60471, 60616, 60455, 60603, 60422, 60478, 60462, 60609, 60438, 60525, 60469, 60615, 60454, 60602, 60477, 60461, 60608, 60430, 60513, 60467, 60614, 60453, 60601, 60476, 60459, 60607, 60429, 60501, 60466, 60613, 60452, 60558, 60475, 60619, 60458, 60606, 60428, 60487, 60465, 60612, 60445, 60546, 60473, 60618, 60457, 60605, 60426, 60482, 60464, 60611, 60443, 60534, 60472, 60617, 60193, 60160, 60078, 60204, 60168, 60130, 60402, 60192, 60159, 60077, 60203, 60165, 60107, 60305, 60179, 60155, 60419, 60076, 60202, 60164, 60104, 60304, 60176, 60154, 60415, 60074, 60201, 60163, 60093, 60303, 60173, 60153, 60411, 60195, 60162, 60091, 60302, 60171, 60133, 60409, 60194, 60161, 60090, 60301, 60169, 60131, 60406, 60067, 60011, 60026, 60004, 60065, 60010-2, 60025, 60062, 60009, 60022, 60056, 60008, 60018, 60053, 60007, 60070, 60017, 60043, 60006, 60068, 60016, 60029 and 60005

 
The Prime Buyer's Report provides information for the TOP 10 Property Managers in Chicago Illinois within the following cities:

Berwyn, Blue Island, Burbank, Calumet City, Chicago, Chicago Heights, Des Plaines, Evanston, Harvey, Oak Forest, Oak Lawn, Palos Hills, Park Ridge, Cicero, Alsip, Arlington Heights, Barrington, Bellwood, Brookfield, Dolton, Elk Grove Village, Elmwood Park, Evergreen Park, Franklin Park, Glenview, Hanover Park, Hoffman Estates, Homewood, Kenilworth, Lansing, Lemont, Matteson, Maywood, Melrose Park, Morton Grove, Mount Prospect, Niles, Northbrook, Northfield, Oak Park, Orland Park, Palatine, Palos Park, Park Forest, Prospect Heights, Schaumburg, Skokie, South Holland, Streamwood, Tinley Park, Westchester, Wheeling, Wilmette and Winnetka