Mid-Year Update

With July now over, this summer has undoubtedly been the busiest season in our company’s history, and we should finish with the same strength and hustle for which it started. Last November we said we would focus on initiating lease renewal conversations with tenants as early as possible. We concentrated on retaining tenants at maximum [...]

Chicago Rental & Sales Market Snapshot For Summer of 2018

  2018 Chicago Summer Rental Market Snapshot A strong supply of new rental inventory has flooded the Chicago market in recent years and even more inventory will be added throughout 2018. With more than 9,000 new units added to the mix in 2015-16 alone, this has contributed to decreased/flat rents thus far for the year [...]

2018 Rental Market Outlook From The Owner of High Fidelity Property Management

Dear Clients and Associates, I recently attended the Chicagoland Apartment Association 2018 rental market preview breakfast. There was a lot of information disseminated, and I think it’s important to share some of the key takeaways. THE BIG PICTURE – The U.S. Economy Today – James Glassman, Head Economist, JP Morgan Chase Despite much pessimism in [...]

Chicago’s Top-9 Neighborhood Events in June

Chicago is all about neighborhoods and June welcomes in warmer weather and some of our best local events. Whether it comes to music, food, beer and even a parade or two, we sorted out our Top-9 favorite attractions for the month in 2017. Maifest in Lincoln Square—June 1 through 4 –It’s all about beer, lots of [...]

Why Are Rental Properties Such A Great Investment?

Rental-property owners take note: With tax season just around the corner, we compiled a list the best reasons rental properties are such great investments:   Residential rental property is the only investment asset that both appreciates and depreciates at the same time. When the value goes up on your property, the increase in value is [...]

Our Top 7 Housing-Market Predictions for 2017

As we approach the upcoming busy spring Housing market, we took a closer look at the many predictions various experts have made for the housing market in 2017. Here are some of the most noteworthy ones: 1. Prices will continue to rise–but more slowly. Redfin predicts the median home sale prices to gain 5.3% in 2017 compared [...]

Pilsen: Summer Neighborhood Spotlight

Pilsen is rich with traditions and community activities– a great place to live, work and dine at some of Chicago’s most authentic Mexican restaurants. Located about 12 blocks south of downtown, Pilsen took its name from Czech settlers in the 19th century who eventually made way to many generations of Mexican immigrants.   Here are [...]

Six Chicago Destinations You Don’t Want To Miss in May

  Chicago is never at a loss for activities. We culled the lists of the hundreds of events/activities taking place in the Chicago area during the month of May, and came up with our list of 6 personal favorites… Vincent van Gogh’s Bedroom Exhibit Through May 10, 2016 Vincent van Gogh’s bedroom held special significance [...]

4 Prime Chicago Neighborhoods For Investment in 2016

Whether you are evaluating property for your own personal residence, or you would like to invest in a property separately for short-/long-term financial gains, one consideration you will want to make is which Chicago neighborhoods have the most potential for the highest returns on your investment? Here are some of our top recommendations:   Logan [...]

Should You Consider Hiring A Property Manager?

  A good property management company does not just take care of small repairs, maintain common areas and collect rents for a reasonable fee. The best property manager can provide expertise in market rental rates, screen for the best tenants and advise on all facets of major repairs/capital improvements and neighborhood trends.   Here are [...]