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  Chicago is a city that is well known for deep dish pizza, wind, good music, a big silver bean, and snow. Winters in Chicago can be harsh, and snowfall has reached as high as 23 inches in a 1967 blizzard (January 26-27). In more recent times, a 2015 Chicago blizzard (January 31 - February 2) produced over 19 inches of snow. In fact, for exactly as long as the Chicago Cubs baseball team has existed, it has snowed each Chicago winter. That’s 146 years to be exact. So, is it ironic that the year they break a long losing streak,...

Why Should You Use Property Management Companies? When it comes to renting out a home or apartment, it can be a very overwhelming experience. If you have multiple properties, you will have another full-time job on your hands beside your everyday 9-5. Working with a Chicago property manager can assist you in giving you a break from the day-to-day tasks of owning an investment property. Whether you’re newly starting out or you’re a seasoned professional, here are a few reasons you should consider hiring a property management company in Chicago. No Midnight Calls As the owner and manager of your property,...

Hiring a property manager can help save time, money, and stress. It will provide different solutions related to marketing, upkeep, finances, and regulations. You only need to interact with one manager instead of contacting multiple experts or companies. In most circumstances, Chicago property management actually ends up being less expensive. Since property managers have access to a network of contractors, it will be easier to find renters. Lower time is also one of the primary issues for property owners. You might want to handle both your primary work and the rental market if that is your secondary source of income. And...

Budget constraints are an ever-present reality for Condo boards, and unexpected breakdowns and emergency repairs can emerge as the ultimate recipe for disaster in a lingering financial crisis. That’s why condo associations that stay ahead of issues rather than simply react are at an advantage compared to those that don’t. Preventive maintenance for condos relies on creating structured plans and schedules that can substantially contribute to the life of critical assets, lower expenditures, and eventually lead to smoother operations for the entire community. This not only spares them from last-minute hassles but helps them build an image of a financially responsible...

This article contains information about various building safety requirements and Chicago municipal codes. These are common building items and issues that board members should be aware of to remain in full compliance with all city requirements. In practice it is unlikely that your association would be penalized by the city for failing to adhere to some of these requirements. Nonetheless these items are important to maintaining a safe building for your owners and other occupants. You can access the complete Chicago Municipal Code online: http://www.amlegal.com/library/il/chicago.shtml I encourage you to review these items and check to see how your building stacks up....