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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 Oak Park support while you monitor your property management from anywhere
I worked exclusively in apartment leasing for my first two years in real estate before joining the X Plus Team, the #1 seller of 2-4 unit properties in Chicago, in 2017. I have since gained full ownership of our team of 6 brokers, all of whom have at least two years experience in leasing. Our sales focus on multi family buildings gives us an advant... See more
Oak Park, Illinois is a village just west of Chicago. It is known for its architecturally significant homes, as well as its diverse population. The Oak Park Arts District is home to many galleries, theaters, and restaurants. There are also several parks and playgrounds, making it a great place to raise a family.
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.