Expertise.com

2024

Last updated:

Best Property Management Companies in Schaumburg

Our Recommended Top 4

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Schaumburg Property Management Companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

18Reviewed

12Curated

4Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1096 South Roselle Road, Schaumburg, IL 60193

Expertise.com Rating

Review Sources

Google
5.0 (9)
Facebook
5.0 (4)
Yelp
5.0 (1)

Why choose this provider?

PMI Chi-Town is a property management company in Schaumberg that handles daily operations for residential property owners. Its management services include prospective tenant screenings, property and unit inspections, rent payment collections, property maintenance, and repairs. PMI's website features online portals for both owners and tenants for streamlined rent and late payment collection, and its agents assist with marketing for vacant rentals. In addition to property management, the company handles real estate buying and selling.

  • Maintenance
  • Collection
  • Tenant Screening

1375 Woodfield Road, Schaumburg, IL 60173
WebsiteLicense: 478027327

Expertise.com Rating

Review Sources

Google
5.0 (14)

Why choose this provider?

Nex-Gen Real Estate & Property Management Co. offers its property management services to Schaumburg and nearby areas. Its services include screening potential tenants and showing them the rental property. It also handles all communication with tenants and maintenance. Property owners will get a monthly statement and the rent money will be deposited directly to their account each month. Nex-Gen investment brokers also work with investors in acquiring their next property investments. Nex-Gen also offers real estate and rental services.

  • Maintenance
  • Accounting Services
  • Tenant Screening

200 W Higgins Road, Suite 213, Schaumburg, IL 60195
Website

Expertise.com Rating

Review Sources

Google
4.0 (4)

Why choose this provider?

Supreme Property Management strives to help property owners attain their investment goals. The company's property managers near Schaumburg serve as advisers to clients in various aspects of management and home improvement projects. They believe that improving and maintaining properties' physical integrity is important to boost the value of the real estate. They work with licensed contractors to handle repairs and remodeling needs, whether for emergency or preventive services. In addition, the team oversees property inspections.

  • Maintenance
  • Marketing
  • Collection

219 E Irving Park Rd, Roselle, IL 60172

Expertise.com Rating

Review Sources

Google
4.7 (386)
Yelp
4.5 (38)

Why choose this provider?

Founded in 2003, GC Realty & Development LLC serves residential and commercial customers in the Schaumburg metro area. Its services include securing tenants, marketing strategies, maintenance, property evaluations, and 24-hour live phone answering. It also provides rehabilitation and renovations, including replacing bathrooms and kitchens, which can be done in-house or by preferred vendors. The company has served thousands of clients and maintains liability, umbrella, workers' compensation, and E&O insurance.

  • Maintenance

FAQs

  • What is property management?

    Property management is the business of controlling and overseeing real estate, including residential and commercial rental properties. These professionals handle general maintenance and day-to-day operations on behalf of the property owner. They’re responsible for marketing properties, finding and screening tenants, collecting rent, and preparing units between leases. They may also handle repairs, evictions, and any problems that arise.

  • What does a property manager do?

    Professional property managers perform critical tasks throughout the leasing life cycle, from preparing a rental property, through tenant move-ins and move-outs. They can also provide referrals for legal advice, home repairs, and services that aren’t covered by the management agreement. Here are some of their key responsibilities:

    • Marketing and listing vacant units
    • Processing applications and screening tenants
    • Conducting quarterly and annual inspections
    • Orchestrating move-in procedures
    • Coordinating maintenance and repairs
    • Collecting rent and applying penalties
    • Conducting move-out inspections and returning deposits
    • Handling evictions and posting quit notices
    • Complying with fair housing regulations
    • Compiling monthly expense reports
    • Preparing annual tax documents

  • How much do property management companies charge?

    Property management fees can vary substantially depending on the size of the property, number of units, and scope of service. Property owners can expect to pay one month of rent to fill vacant properties and 10% of the gross cash flow to manage the property. Investors should also account for monthly maintenance, contributions to a reserve repair fund, and early termination fees if they decide to cancel the property management contract. Evictions and other non-routine services typically cost extra.

  • How do I manage a rental property from out of state?

    Managing a property isn’t easy, and the job is even more difficult for out-of-state landlords. Thorough tenant screenings are the best way to prevent many common problems. Landlords should also maintain strong relationships with neighbors who can alert them if anything goes wrong. Investors who prefer a more hands-on approach should consider hiring a property manager to represent their interests.

  • Does a property manager need a real estate license?

    Yes, in most states, property managers must have a real estate license to advertise rentals, show properties, sign lease agreements, collect rent, and perform other fiduciary activities. A community association manager license or similar certification may also be required for professionals who want to work for an HOA or apartment complex, although this credential is optional in most states.

  • How do I find a good property management company?

    Property managers differ significantly in their approach and level of expertise. It’s important for owners to screen potential candidates to ensure that they're choosing the most qualified professional. Here are a few questions to ask during the interview:

    • How many units do you manage?
    • How big is your staff?
    • Do you have a maintenance crew?
    • How long does it take to fill vacant units?
    • What happens if my tenant doesn’t pay on time?
    • Have you ever filed an eviction?
    • What type of communication can clients expect from you?

  • Do property management companies find tenants for rental properties?

    Yes, finding tenants and filling vacancies are key responsibilities for property managers. These professionals are responsible for advertising the property, and they handle all inquiries, applications, and showings. To find the most qualified tenants, managers perform background and credit checks, verify references, and confirm the applicant’s employment information, which can prevent problems and extra costs down the road.

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