property management companies chicago
apartment management chicago
property management companies chicago il
top property management companies in chicago il
property management in chicago
property management company in chicago il

Asset/Property Management

Rental properties, such as apartments, require a holistic management approach to ensure a smooth operation. It’s not enough that the building is clean and safe; owners and managers must create a comprehensive plan to take care of their properties and tenants.

Realty & Mortgage is your premier Chicago rental property management service provider. We’ll help you with the overall management of your assets. From property assessment and performance monitoring to the creation of financial reports and handling all accounting jobs, we’re always ready to serve you.

Get in touch with us to learn more about our apartment management services in Chicago.

Property management for Chicago apartments is the cornerstone of Realty & Mortgage Co. and remains our primary focus. Our services are broad and available for any type of market rate real estate asset, as well as those financed through various HUD, IHDA, and City of Chicago Department of Housing programs. So whether you own a rental apartment or a more complex type of housing development, we can share our experience and expertise with you by handling the most demanding aspects of managing a property.

Realty & Mortgage uses a comprehensive, client centered approach to rental property management. As property managers who have been in the business for many years, we care about everything that matters to you. These include your real estate asset, your tenants, your income, and your finances. We help you monitor the entire operation and performance of your business. Together, we will find better marketing and sales opportunities for your rental properties.

We have all the tools and resources other property management companies don’t have. This gives us the full capability to meet your needs and exceed your expectations. Following all the guidelines and market standards, we make running a rental business in Chicago easier for you.

In addition to physical operations, financial reporting and accountability are crucial to the successful operation of any property. Our accounting department incorporates a proven system of checks and balances, ensuring consistent application of procedures.

Management Services

Property Assessment

  • Conduct a complete property assessment.
  • Conduct a competitive market analysis.
  • Develop a comprehensive Marketing Plan.
  • Management of the advertising budget.
  • Conduct a complete pricing analysis and recommend changes as appropriate.
  • Complete an external and internal signage assessment and make recommendations.
  • Conduct in-depth, on site employee evaluations with concentrations on product knowledge, sales skills and customer service training.
  • Evaluate the value and necessity of model apartments.
  • Research and execute a targeted community outreach program.
  • Create, promote and monitor of various referral programs.

Performance Monitoring

  • Monitoring and assessment of weekly traffic and media information.
  • On-going employee training and evaluation with the use of sales videos, training manuals and personalized one-on-one training.
  • The scheduling and execution of weekly property management team meetings.
  • Employee incentive programs focusing on individual sales goals.
  • Monthly (or as needed) employee shopping report analysis and retraining.

Operations Services

  • Assist in preparing specifications for major repairs and improvements. Evaluate competitive bids for services and repairs.
  • Monitor, log, and evaluate utility consumption.
  • Offer advice and recommendations on energy conservation methods and technologies.
  • Provide natural gas at discounted prices via our bulk gas purchasing program.
  • Design and implement preventative maintenance programs.
  • Make maintenance staff evaluations and staffing recommendations as necessary.
  • Contribute direction in areas of elevator upgrades, landscaping, power plants, snow removal, refuse removal, exterminating, cable television systems, painting, decorating and window washing.
  • Define and implement security measures. Plan and review security protection systems.
  • Develop and maintain an Emergency Plan used in crisis situations, i.e., fire, flood, tornado, personal injury, etc.
  • Oversee management of garage and parking operations.
  • Develop and implement a comprehensive recycling program.
  • Coordinate resident move-ins and move-outs.

Accounting Services

  • Account for receipts and disbursements.
  • Process employee payroll and tax deposits. File payroll returns and reports.
  • Collect delinquent receivables.
  • Prepare or assist in preparing annual budgets.
  • Provide combined monthly and YTD statements on a cash or accrual basis.

Financial Reporting

The following reports will be provided on a monthly basis:

  • Financial Summary
  • Monthly and YTD Profit and Loss Analysis with budget comparison
  • Rent Roll
  • Security Deposit Transactions
  • Aged Accounts Payable Ledger
  • Check Register
  • General Ledger

Additional reports can be provided upon request. Contact us today for more information on our real estate services.