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"I want to know what's going on, but I don't want to be on call 24/7. This works perfectly!"
Sonia, 5 rentals
Services start at $40/month
Full transparency and control with your financials and Illinois rental income
Let us automate your workflow and operations
Local Glencoe support while you monitor your property management from anywhere
Tim has had his real estate license in Illinois for over fifteen years, and he has focused his career on leasing and property management. After receiving his undergraduate, Tim received his MBA with a concentration in real estate and marketing. He spent part of his career doing construction management and rehabbing, where he oversaw the renovation ... See more
My name is Ran Fridman, I'm the founder and owner of the Fridman Properties Family, I am a dynamic and forward-thinking entrepreneur with a deep-rooted passion for the hospitality industry. With over 20 years of experience, I have built a reputation for excellence by consistently delivering exceptional tenants experiences. My hands-on approach to... See more
The Village of Glencoe is a picturesque suburb located on Chicago's North Shore. With a population of just over 8,600, Glencoe is a close-knit community with a small-town feel. The village is home to a number of parks and recreation areas, as well as award-winning schools. Glencoe is also a short drive from Chicago, making it the perfect place to call home.
The average property management fee for rental properties range from 8% to 12% of the monthly rental income. For instance, if your rental property’s monthly rent is $2,000, the management fee would typically range from $160 to $240 per month. With a property management software, like Hemlane, you can manage your rentals for as little as $40/month.
Many property management firms typically charge a monthly fee ranging from 8% to 12% of the rent they collect. Some may charge less or more, but the average hovers around 10%.
A property management company is responsible for overseeing various aspects of rental properties on behalf of property owners. Their responsibilities generally include: marketing and advertising, screening potential tenants, drafting and renewing leases, tenant move-in and routine property inspections, tenant communication, rent collection, maintenance and repairs, and financial management. With Hemlane, you get 90% of what a property manager does at a fraction of the price. From advertising, maintenance coordination, rent processing, and eviction support.
A property management software are applications designed to assist landlords and property managers in automating their back-office tasks, financial operations and administrative procedures. This includes monitoring maintenance requests, document storage, providing an online tenant portal, processing rent payments, and more.
The main benefits of a property management softwares are to reduce costs and promote growth by automating the day-to-day administrative tasks. Here are some ways this is done: providing an easy way to monitor maintenance, streamlining accounting and payments, and automating tenant communication.