Property Management Blog

Rental Evictions in Lake Villa, IL: A Landlord's Guide

By Jim Cacioppo Saturday, September 21, 2024

Real estate can be a great investment if you want to generate a reliable recurring income, but it can also come with various challenges.Your tenants will have a huge impact on your experience as a landlord, so having quality tenants is key. However, if your tenants are causing pr... More +

Difference Between Service, Emotional Support Animals and Pets: A Lake Villa, IL, Landlord's Guide

By Jim Cacioppo Saturday, September 7, 2024

There's no denying that people love their pets, and according to MarketWatch Guides, about 66% of US households have one.If you're a rental property investor, it can be difficult to decide if you should allow pets in your properties. There are various pros and cons to doi... More +

Mastering Rental Property Accounting in Lake Villa, IL: Essential Tips for Landlords

By Jim Cacioppo Wednesday, August 21, 2024

Do you want to avoid losing money on your rental properties due to poor accounting practices? Rental property accounting is vital for any landlord looking to succeed.Mismanaging finances can lead to chaos and significant losses. But with the right tips and strategies, you can sta... More +

Navigating the Summer Rental Market Trends

By Jim Cacioppo Thursday, August 15, 2024

Summer is coming to a close, and it has been a busy rental market. For property owners and landlords, this season presents both opportunities and challenges. Understanding the current rental market trends can help you make informed decisions and maximize your rental income. In th... More +

Top 5 Tips for Effective Tenant Screening in Lake Villa, IL

By Jim Cacioppo Wednesday, August 7, 2024

What if your next tenant left your property in shambles, causing thousands of dollars in damage? Effective tenant screening can prevent this nightmare.As a landlord in Lake Villa, IL, thorough screening is essential to protect your investment and ensure a hassle-free rental exper... More +

5 Rules for Keeping Pets in a Rental Property in Lake Villa, IL

By Jim Cacioppo Sunday, July 28, 2024

Did you know that around two-thirds of US households own pets? Did you also know that good pet owners tend to make great tenants? This means that having a pet-friendly policy for your rental property can make you a much happier landlord.However, you do need to set some basic rule... More +

How to Easily Handle Lease Renewals in Lake Villa, IL

By Jim Cacioppo Sunday, July 14, 2024

If handled correctly, lease renewals can be straightforward. The key to success lies in preparation, clear communication, and understanding the needs of your tenants.Whether you're a new landlord or an established property manager in Lake Villa, IL, mastering this process wil... More +

5 Essential Steps to a Tenant Criminal Background Check in Lake Villa, IL

By Jim Cacioppo Friday, June 21, 2024

The worst-case scenario for a landlord is when they end up with a difficult tenant because they didn't do their proper due diligence. The tenant screening process needs to be quite strenuous.Conducting a thorough tenant criminal background check is a crucial part of the tenan... More +

The importance of maintenance for Rental Properties

By Jim Cacioppo Thursday, June 13, 2024

Maintaining rental properties is not just about keeping tenants happy—it's also a legal necessity to avoid liability issues. At Grand Realty Group, we understand the importance of property maintenance and strive to ensure our properties are always well-maintained and up... More +

The Importance of Property Maintenance for Lake Villa, IL Owners

By Jim Cacioppo Friday, June 7, 2024

Owning a property doesn't mean you're free from additional costs. As time goes on, the property will degrade and eventually break down. That's why it's suggested to set aside at least 1% of a home's value yearly for repairs.The question is, will property maint... More +