Real Estate Investors
Maximizing your Return on Investment
CL3 Property Management's team of Property Managers, Real Estate Brokers and support staff is built to cater to property owners with an investment mentality. With low interest rates throughout the 2010s and increasing rental values in the 2020s, many investors entered the Chicago residential market over the past decade. However, these investors are without significant experience in property management, leasing, responding to the needs of tenants, as well as the nuances of the Landlord - Tenant laws in Chicago and Cook County.
Additionally, many individuals or investment groups have the capital and the desire to acquire Chicago Real estate, but lack the expertise or have concerns about the uncertainties and work required in undertaking a rehab project, assessing the rental market, overall property valuation, and managing properties.
The management team of CL3 Property Management has nearly 50 years of combined Real Estate and Property Management experience in Chicago. Our team can provide the peace of mind to real estate investors looking to acquire multi-unit properties or individual units. CL3 Property Management can assist you through every step of the process including:
ACQUISITION +
- Assisting with your property search and purchase with an experienced Real Estate Broker, with a focus on investment properties and value add opportunities.
- Recommending lenders and sources of capital
- Analyzing the current financials and providing updated rental valuations for lease out
- Assessing the physical condition and recommending property inspectors
- Recommending attorneys for transactional, zoning or violation issues
REHAB MANAGEMENT AND VALUE ADD SERVICES +
- Recommending repairs and rehab work
- A cost/benefit analysis of multiple scenarios involving cosmetic repair vs larger rehab projects and the subsequent rental valuations for each.
- Providing tenant screening results to owner.
- Coordinating all rehab and repair work, by working with general contractors, sub-contractors,
- Acquiring multiple quotes from preferred vendors for repair and rehab work painters, architects, interior designers and landscapers, etc., and accounting for all costs with online access to you at all times
- Assisting in alleviating building code violations on purchased properties
LEASING AND MANAGEMENT +
- Preparing the property for lease by providing professional photography, cleaning, and overseeing "punch list" items
- Leasing the property and conducting background checks on tenants
- Formal move in inspections with written, video and photo documentation
- Management of the property after the unit is occupied
This extensive list illustrates the significant work involved beyond the actual acquisition of the property. Our staff has the business and personal experience and expertise to guide you along the way, and care for your property to help you maximize your investment and return.
I have worked on several rehab projects with CL3 Properties and I have always known them to be on time at the job site and professional. This means being prepared and well informed. CL3 puts the time and effort in to execute a successful rehab, from selecting contractors to supervising the work and seeing the finished product through to the final clean up. They take a lot of pride in their work and it shows. They offer sound advice and are dependable.
I look forward to working with John and his team on future projects.
-Sean H.
