Are you still using a real estate agent who focuses on buying and selling real estate to manage your rental property? If your answer is yes, you may want to reconsider. Here are a few reasons why.
Commissions and CommitmentsThe average commission in the Chicagoland suburban area for an average agent on an average home sale or purchase is $5,500. The average commission in the Chicagoland suburban area for an average agent on an average lease is $887. In competition for that average agent’s time and energy, where do you think they will choose to focus the majority of their attention?
Experience in Sales vs. ManagementThat same average real estate agent leases fewer than two properties a year, while they assist in the buying and selling of eight properties per year. Don’t settle for average. At Grid 7 Properties, a totally non-average Elgin property management company, we lease out over 100 properties per year. Our agents don’t sell homes and they don’t help people buy homes. We focus completely on leasing and managing homes, and we love to do it.
Legal and Compliance ExpertiseWith all of the regulations governing landlords and property owners, you need to know what’s required and what’s permitted. These laws and regulations are in effect long after the lease is signed. The average agent has washed their hands of the transaction at that point, and you are left holding the bag. From state and federal laws to local and municipal ordinances, there is a lot to be aware of and prepare for. We know the laws, we stay up to date, and we protect you from legal liability.
At Grid 7 Properties, we lease and manage properties. What do you do?
If you have any questions about the Elgin property management services we provide, or if you'd like to know more about how we can serve you in the Fox Valley area and surrounding suburbs, please contact us at Grid 7 Properties. We would love to tell you more.