Lake in the Hills Property Management
We can Help Manage Your Lake in the Hills Rental Property
At Grid 7 Properties, our experts know that there are different types of properties—and property owners—come with individual sets of needs. We offer a full suite of property management services, tailoring your package to suit your property, your tenants, and your own management style.
What do you want to achieve as a rental property owner?
While profits are always a primary goal of the property owner, you may have other reasons for investing in real estate. Perhaps you became a landlord to improve living conditions in your community, or you’re maintaining a property that will become a legacy for your children. Or maybe you need a profitable investment property to help fund your children’s college educations or to build your retirement savings.
Whatever your goals, Grid 7 Properties is here to help you reach them. We’ll work with you to create a realistic, effective management plan that leads you down the best path to success. The discovery process is key to building a strong, profitable relationship-by fully understanding the circumstances of your property ownership, we’ll be better equipped to serve your needs.
So, how do we get there?
The discovery process begins with three fundamental questions:
- What are your goals, and how can we achieve them?
- Which approach generates the most income for you?
- How can we best preserve and/or enhance the value of your property?
Rely on the property and real estate experts at Grid 7 Properties to help guide you through Suburban Chicago’s ever-changing real estate terrain. Contact Us to find out how we can help you maximize your property investment.
When you contract with Grid 7 Properties, we’ll:+
- Complete an interior and exterior site visit at your property
- Work with you to create a comprehensive property management plan
- Compile neighborhood and regional market analyses
- Issue an operating budget for you that works within your limits
Benefits of using Grid 7 Properties +
- Applicant Screening
- Monthly Rent Collection
- 24/7 Tenant Availability
- Monthly Accounting Statements
- Cost Monitoring
- Discounted Repair Rates
What we do as your property manager:+
- We help you develop a management plan that achieves your objectives.
- We help you determine the best approach to generate the most income.
- We help you preserve and enhance the value of your property.
Services You Can Expect: +
During the course of our business relationship, you can count on Grid7 to...
- Take over all property leasing duties
- Thoroughly screen prospective tenants, performing a credit report, three-year landlord history, criminal background check, and employment verification
- Provide full-time tenant management
- Schedule and oversee property repair and maintenance
- Manage collection of all rent and enforce penalties for late payments
- Perform and document move-in and move-out inspections
- Provide and manage a 24/7 tenant hotline
- Deliver monthly earnings statements for your property
- Two interior and Two exterior site visits
Chicago Suburban Cities We Service+
- Pingree Grove
- Sleepy Hollow
- South Elgin
- St. Charles
- Sugar Grove
- Villa Park
- West Chicago
- West Dundee
- Wood Dale
Prior to meeting at the property we will present a property evaluation. This evaluation will show you the range of rents for similar type properties and the range of marketing time that similar properties are on the market.
Being Property owners ourselves, we understand the urgency in getting a property leased. An unleased property can costs thousands of dollars and vacancy can create an environment for property damage. We market the home on 37 websites; some that will be familiar are Zillow, Trulia, Hotpads, and Craigslist. We place a sign at the property, where it’s allowed, and we place the listing on our website.
Screening a potential tenant is very important. We take this very seriously. We check Criminal History, Background, Sex Offender Registry, Credit, Income, and verify employment. Please note, we are not a credit reporting agency and we cannot send you a copy of yours or a tenant applicants credit report.
Security Deposits are held in a non-interest bearing trust account and are accounted for during audits by the Illinois Department of Financial and Professional Regulation.
We use the lease written by the attorneys at the Realtor Association of the Lake in the Hills. We also use a lease addendum written by a local law firm that operates primarily in Real Estate.
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Lake in the Hills Area Information
Lake in the Hills was started in 1923 by Federal Judge Walter J. La Buy around Woods Creek Lake, which is the main lake in Lake in the Hills. By the year 1926, La Buy bought 472 acres (1.91 km2) of land which is currently Indian Trail. On this land, he built five stucco homes; only one stands in its original state, which is currently owned by the Village of Lake in the Hills. The other four original stucco homes have been altered in some way, but all still stand in the original spot by Woods Creek Lake.
The early days of Lake in the Hills saw vacationers from the Chicago area, who wanted to spend some time away from the hustle and bustle of the city. By 1950, some of the vacationers became year round residents of Lake in the Hills. On November 29, 1952, the Village of Lake in the Hills was formed and the original mayor was Bosethus Platt.
The village of Lake in the Hills remained a small, close-knit lakeside residential community for much of the 20th Century, relying on nearby towns like Algonquin and Crystal Lake for services. In 1987, the Village's first shopping center was constructed; it was built at the intersection of Algonquin Road and Oakleaf Road±. In the late 1980s and early 1990s, the Village made a series of large annexations extending west of Randall Road, all the way west to Illinois Route 47. Numerous subdivisions were constructed in this area throughout the 1990s and 2000s (decade) and retail development blossomed along Randall Road during this time period as well. By the mid 2000s (decade), development had slowed down and as the Village became landlocked by other municipalities, it worked to appropriately develop its remaining parcels.Source From Wikipedia