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Property Management Blog

Blog Post Unlock Rental Success with In-Depth Rental Analysis in Chicago, IL

Unlock Rental Success with In-Depth Rental Analysis in Chicago, IL

By Yellow Key PM Monday, April 21, 2025
Rental property owners in Illinois can expect to charge around $1,900 in rent each month, according to World Population Review. In cities like Chicago, they can often charge much more.Whether you're a seasoned investor or a new landlord, understanding the nuances of rental an...
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Blog Post 3 Key Strategies for Effective Portfolio Management in Chicago, IL

3 Key Strategies for Effective Portfolio Management in Chicago, IL

By Yellow Key PM Monday, April 7, 2025
In Illinois, investors can expect to pay around $280,000 for a rental property, according to World Population Review. In the fast-paced world of real estate investment, mastering the art of portfolio management is essential for any investor.If you're operating in Chicago, IL,...
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Blog Post Rental Property Marketing Tips to Attract Tenants in a Tough Chicago Market

Rental Property Marketing Tips to Attract Tenants in a Tough Chicago Market

By Yellow Key PM Friday, March 21, 2025
Are you struggling to fill your rental properties in Chicago? If so, your cash flow could come to a halt.In a competitive market, effective property marketing is crucial for attracting the right tenants. Savvy property owners understand that the key to success lies in implementin...
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Blog Post Lease Enforcement Tips for Landlords in Chicago, IL

Lease Enforcement Tips for Landlords in Chicago, IL

By Yellow Key PM Friday, March 7, 2025
Enforcing lease agreements is a key part of being a successful landlord in Chicago. A well-enforced lease helps protect your investment, maintains property value, and ensures a smooth relationship with tenants. However, handling lease violations can be challenging if you don'...
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Blog Post Streamline Lease Renewals in Chicago, IL, with Our Expert Tips

Streamline Lease Renewals in Chicago, IL, with Our Expert Tips

By Yellow Key PM Friday, February 21, 2025
The average value of a single-family home in the Chicago area is just over $370,000 according to the Chicago Tribune, making the city an amazing location for rental property owners. However, navigating lease renewals can often feel overwhelming for property owners and landlords.I...
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Blog Post 4 Effective Rent Collection Methods in Chicago, IL

4 Effective Rent Collection Methods in Chicago, IL

By Yellow Key PM Friday, February 7, 2025
In Illinois, the median rent is around $1,200 according to World Population Review, making the state fairly lucrative for rental property owners. This is especially true for those who own properties in Chicago.Although becoming a landlord in Chicago comes with the potential for s...
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Blog Post Rental Property Accounting: Essential Guide for Landlords in Chicago, IL

Rental Property Accounting: Essential Guide for Landlords in Chicago, IL

By Yellow Key PM Tuesday, January 21, 2025
You're a landlord in Chicago, IL, managing a few rental properties. The city buzzes with opportunity, and your investments are paying off - until tax season rolls around. Suddenly, you're staring at a pile of invoices, receipts, and spreadsheets, trying to make sense of i...
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Blog Post The Essential Guide to Maintenance Coordination in Chicago, IL

The Essential Guide to Maintenance Coordination in Chicago, IL

By Yellow Key PM Tuesday, January 7, 2025
A tenant in Wicker Park reports a leaky faucet. Moments later, another message arrives - this time, a broken AC unit in Lincoln Park. By lunchtime, an urgent plumbing issue emerges in your Lakeview property.Sound familiar? Maintenance coordination in a bustling city like Chicago ...
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Blog Post How Often Should a Landlord Inspect Rental Property in Chicago, IL?

How Often Should a Landlord Inspect Rental Property in Chicago, IL?

By Yellow Key PM Saturday, December 21, 2024
NewsNation reports that higher utility bills, insurance premiums, and property upkeep costs in the U.S. contributed to a 26% increase in homeownership costs from 2020 to 2024. As a result, homeowners must now spend over $18,100 yearly to own and maintain an average single-family ...
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Blog Post Chicago Accidental Landlord Tips

Chicago Accidental Landlord Tips

By Yellow Key PM Saturday, December 7, 2024
Have you recently become one of Chicago's accidental landlords, perhaps due to acquiring inheritance property? Or maybe you've encountered unforeseen personal circumstances, resulting in your need for extra income.Regardless of the reason, here's some good news. Accor...
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