LIST YOUR HOME FOR RENT!
Many people realize that now is a great time to list their home for rent in Chicago. Rents are at all time highs and inventory is low! However, many first time landlords are worried about the rental process. How do you identify a great tenant? How do you make sure your place is well cared for? How much can rent can I realistically get?
Working with myself and my team will answer all these questions for you and more. Here is how:
First we discuss what your goals are and discuss questions such as: Why are you renting your home? How much rent do you need to cover your mortgage, assessments, property taxes and insurance? When are you looking to move?
Once we understand your goals we can evaluate the specific market in your building or on your surrounding blocks (yes, the Chicago market is highly localized) and price your property accordingly.
Marketing for our properties is second to none. Not only do we utilize internet advertising through websites such as Craigslist, Trulia, Zillow, etc. but we also own countless websites that pull in tenants as they are starting their search. Therefore, we have potential clients ready even before we list your property!
Unlike many apartment firms who only list their properties in house (meaning they only advertise to their own agents), we list your property on the MLS so every Realtor in Chicago can see your listing. This is key to a quick, quality rental as many tenants are now using Realtors to find their next home.
We pride ourselves on attending all showings even when other Realtors are present. Furthermore, our application process is second to none and includes ALL of the following:
– Credit Check with Score
– Criminal Background Check
– Eviction Check
– Employment Verification
– Income Verification
– Previous Landlord follow up
All these checks above mean you have the opportunity to see EVERYTHING about the person who is applying for your home.
Myself and my team are up to date on all new lease law in the City of Chicago. Each year the Chicago Landlord Tenant Ordinance changes adding more requirements for landlords to follow. The absence of compliance with these items, even if in good faith, can mean strict penalties (double or more the amount of the security deposit) plus applicable attorney fees, fines and court costs.
Renting out your home in Chicago can be a very simple and stress free process. You just need to work with an agent who will cross all the T’s and dot all the i’s throughout the entire lease process.