Property Management Blog

By Tim Harstead - Thursday, June 5, 2025

Investing in Chicago's Bridgeport Neighborhood

As a lifelong White Sox fan, I grew up very familiar with the Bridgeport area, also known as the home of the Chicago White Sox. The main artery of 35th Street is populated with bars and restaurants that fill up before and after White Sox games, and helps to draw in some younger n...

By Tim Harstead - Thursday, May 29, 2025

Investing in the South Side of Chicago

If you are not from the Chicagoland area, you may not understand the uniqueness of the South Side of Chicago. Many investors look at and find Chicago investment property on the southside because of the much lower cost of entry, but then realize that it is harder to find good Chic...

By Tim Harstead - Friday, May 23, 2025

IL Squatter's Law Update

A recent story reported by ABC 7 was about a Tinley Park homeowner who listed his home for sale and was called by his realtor to inform him that he now had a squatter in his home. When the owner called the police, he was shocked to find out that the police officers could not do a...

By Tim Harstead - Tuesday, May 6, 2025

How to Keep Tenants Longer

You put a lot of hard work and money into getting where you are in your investment journey, from saving up for a down payment to rehabbing the unit, finding a tenant who wanted the apartment, screening them, and signing your lease. Now it’s time to recoup your investment an...

By Tim Harstead - Wednesday, April 23, 2025

Cook County Housing Authority Funding Shortfall

With a perfect storm of rising costs of living and funding cuts to HUD programing, the Housing Authority of Cook County (HACC) has released a letter announcing that they will be adjusting payments as of May 1st for new moves and rent increases.The Housing Authority of Cook C...

By Tim Harstead - Tuesday, February 4, 2025

How Section 8 Determines Rent Amount in Cook County

Section 8 housing is often a hot topic for real estate investors. Some investors love it, while others hate it. Frankly, I think that the majority of investors, especially newer ones, just don't understand it so I will be posting several blogs on how to invest in Section 8 re...

By Tim Harstead - Monday, January 27, 2025

Interest Rates on Security Deposits

Every year, Real Estate Attorneys are left waiting until the beginning of January before finalizing their leases for the new year. The reason for this is that the rate of interest on a tenant's security deposit is set by the city comptroller every year, and it doesn't get...

By Tim Harstead - Tuesday, January 21, 2025

Why Investing in Markham, IL is Problematic

Before the Pandemic, Markham, IL, had a major issue: over 400 homes were left vacant, abandoned, and vandalized. This may not sound like a lot, but when you realize the city of Markham has only a little over 4,000 housing units, you realize that ten percent of homes left in disar...

By Tim Harstead - Thursday, January 2, 2025

Do I Need an Attorney?

In some states, real estate investors are used to using just a realtor and title company to buy a property. However, in Chicagoland, there are certain legal aspects to buying a property that an agent isn't allowed to do by law, so we use legal counsel to help us complet...

By Tim Harstead - Wednesday, December 18, 2024

Can Investing in Real Estate Make You Rich?

Can you become rich with real estate investing? Donald Bren, Sam Zell, and even Ty Warner (yup, the beanie baby guy) all made their wealth with their real estate investment portfolio. All of these men have net worth's in the billions of dollars and have made a lot, if not mos...