In its "2024 Best Places to Live in Illinois" list, WorldAtlas named Glenview one of its top picks. The charming suburb offers a lot, including an efficient transportation network, natural beauty, and many shopping and dining options.
So, if you're scouting for a place to invest in a rental property, look no further than Glenview, IL. And if you've already invested in one, great! The village's exceptional characteristics will likely attract more folks, including renters.
However, you'd need full-service property management to maximize your investment.
PMI Suburban Properties shares how and why professional property management benefits landlords and tenants alike, so read on.
1. Ensure Your Property Complies With All Laws
Being a landlord isn't a passive way to generate income. On the contrary, it's a 24/7 job; landlords have no "Do Not Disturb" switches to turn on. Otherwise, tenants can file complaints against them.
In Glenview and Cook County, IL, housing laws protect tenants from unsafe housing.
First, we have the Cook County Residential Tenant Landlord Ordinance (RTLO). Under the RTLO, landlords must provide tenants with a safe and habitable home that:
- Complies with local building codes and is in a well-maintained condition
- Provides essential services
- Is bedbug-free
- Undergoes necessary repairs promptly
Landlords with non-compliant properties could be subject to code compliance complaints and investigations. Per the Village of Glenview Government, fines for violations can cost up to $1,000 a day!
Don't risk it. Instead, hire full-service property management experts to provide round-the-clock oversight for your rental. Their high-quality landlord property services include overseeing rental property maintenance, inspections, and repairs.
2. Get Quality Tenants
Glenview rental services provided by full-service property management companies include comprehensive tenant screening. It involves performing thorough but fair background checks on each tenant, including:
- Credit checks
- Employment and income verification
- Rental and eviction history assessments
- Criminal conviction and background checks
Several laws govern rental screening practices, such as the Fair Housing Act (FHA) and the Fair Credit Reporting Act (FCRA). Highly experienced property managers understand these laws. They'll comply with all these regulations while helping you find and place quality, reliable tenants.
3. Enjoy Peace of Mind
Full-service property management companies have many guarantees to give property owners peace of mind. For example, here at PMI Suburban Properties, we provide guarantees including but not limited to:
- 21-day guarantee of finding a quality tenant
- Eviction protection plan that covers up to $2,000 of eviction-related costs
- On-time rent deposit guarantee
- A pet guarantee
- A leasing guarantee
With all those protections, you can rest assured your rental property and income will be in good hands.
Invest in Full-Service Property Management Today
From ensuring your rental property in Glenview complies with all laws to finding quality tenants and giving you peace of mind, these are just some of the top benefits of investing in full-service property management.
Partner with PMI Suburban Properties, and you can enjoy all those perks (and more!). As part of PMI, a larger franchise with over $5 billion of assets under its management, you can count on our managers' skills, knowledge, training, and industry expertise. We'll help you make your property stand out, fill it with responsible tenants, and keep it in top condition so you can just sit back and relax.
Reach out to us today to request your complimentary property analysis!
