What makes grand realty group the top choice for property management in northern Illinois?
Owning a rental property can be financially rewarding, and at times it might not seem difficult but unexpected situations can arise that need to be addressed quickly and efficiently. At Grand Realty Group, we have 15 years of experience in handling not only the daily tasks of managing properties, but also navigating the more difficult things like emergency maintenance and difficult tenants. Many of our agents own rental properties in Lake County, IL and understand the challenges that come along with the job. When we manage your property, we treat it as if it’s our own – and that means we get great results!
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Setting the Rental Rate
By studying the market, running reports, and doing our research we can help ensure you get the perfect balance between maximizing your monthly income and maintaining a low vacancy rate.
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Marketing & Advertising Your Property
We list all properties in the MLS, which pushes to hundreds of other websites for maximum exposure. Our team will photograph and summarize your property to make it as appealing as possible. We’ll also help you make decisions on improvements to make, so that your home will attract and keep the best possible tenant.
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Finding the Most Qualified Tenants & Managing Tenant Relations
We require a full, detailed application and run comprehensive credit and background checks prior to coming to you for acceptance of a tenant. Once we’ve moved someone in, we handle both routine and emergency maintenance needs, inspections, and any conflicts that may arise around rent payments or anything else.
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Collecting & Depositing Your Monthly Payments on Time
Sometimes securing payment from tenants can be difficult. We know how important your monthly rent payment is and will handle the awkward situations that may arise when a tenant doesn’t pay on time.
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Managing Vendor Relationships
Without a proper vendor base, you can be taken advantage of. Not only do we have a maintenance company of our own, but we have established relationships with other local vendors over time. With our preferred vendors, you can be certain you’ll get the best work for the best price, fully insured.
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Maximizing Your Time & Money
When you entrust your rental property to us, you can rest easy knowing that it’s in good hands. We charge a small percentage of the rent price for our services, and the payoff of your own peace of mind is well worth it.
In 2019, our Occupancy Rate was 99.095%, which means that only 0.905% of the properties we manage were unoccupied throughout the year!
Here are some of our other statistics:
- Out of 32 listed properties, we were able to secure and move in a new tenant within one week for 4 of them; 11 properties were in need of some repair upon tenant move-out, which caused new tenant placement to take more than a week.
- We had no evictions of tenants placed by GRG in the last year. In fact, out of 150 average managed properties, we’ve had less than 5 since we’ve been in business.
- Grand Realty Group’s Average List Time: 26 days
- All MLS* Average List Time: 40 days
- Average Rental Price: $1555
- Average Vacancy Time with repairs needed: 26 days (of 11 properties, 5 were vacant less than 1 week, 3 were vacant for under one month, and 3 were vacant over one month due to heavy repairs needed or a delayed possession date.)
- Average Vacancy Time with no repairs needed: 8 days (of 21 listings, 14 were vacant less than 1 week; 7 of those were for just 1 day!)
- Average Maintenance Price: $1193 per year
- Average Maintenance Task Completion Time: 8 days
*MLS report for November 2018-November 2019, rental price $1200-$3000, in the following areas: Antioch, Fox Lake, Ingleside, Grayslake, Lindenhurst, Lake Villa, Libertyville, McHenry, Gurnee, Round Lake Area, Winthrop Harbor, Zion.