River North Property Management
We Can Help Manage Your River North Rental Property
Our management services are catered to seasoned and beginning real estate investors, as well as property owners that are considering the rental investment market due to family or life or job changes. In any scenario, being a landlord can bring on a new list of responsibilities and headaches that owners are not prepared for. To this end, CL3 Property Management serves owners in many different situations from many locations throughout the world. Over 50% of our owners live out of state or overseas. We offer property management services for the following property types:
- Single Condominium Units
- Single Family Homes
- Townhomes
- Multi-unit, residential investment property
- Individual Properties managed through 3rd party relocation services
Our experienced staff has developed relationships with many contractors, repairmen and service providers necessary to quickly respond to the needs of tenants and owners when repairs are needed or emergencies arise. We believe that a high quality and professionally managed property is the key to preserving value in the property itself, and benefits the relationship of our tenants and owners. The following is a summary of our property management services:
Administrative +
- Formal application and screening process for prospective tenants, including credit, background and eviction check, as well as income and past landlord verification
- Ensuring that proper leasing documentation, disclosures notices, and receipts are submitted to tenants and owners as regulated by state and local laws
- Collection of monthly rents and depositing net income in owners accounts
- Managing security deposits as regulated by state and local laws
- Generating monthly and annual financial statements for owner
Tenant Communication +
- Respond to tenant inquiries and maintenance requests, including 24/7 emergency support
- Timely renewal process notification to tenants
- All written and verbal communication regarding lease terms, payments, and rent increases
- Treatment of delinquent tenants
- Enforce and collect all late fees
- Coordinate or deliver all necessary notices pertaining to eviction or termination of lease
- Coordinate with owner, attorney and tenants in the case of an eviction or termination of lease
Maintenance and Repairs +
- Negotiate maintenance and repair rates with all contractors
- Coordinate with contractors for all preventative maintenance issues such as HVAC cleaning, filter changes, lawn servicing, snow removal or cleaning
- Manage repair requests by coordinating with all contractors and tenants in a timely and efficient manner
- Billing and receipt documentation, as well as communication with owner for repairs and maintenance
Move in/Move out +
- Pre and post move inspection coordinated with tenant with video, photo and written documentation
- Coordinate property improvement processes, including cleaning, painting, lock changing, key delivery and other necessary services
- Coordinate leasing documentation and moving requirements with building association and tenants
- Ensure all move in, move out and leasing fees and deposits are paid correctly by all parties
Additional Investor Services
773.227.2388
"CL3 Property Management has been amazing! I have used them to manage my rental unit for 3 years and I will continue to use them as long as I own that property. They handle everything from collecting rent, dealing with the association over issues with the tenant, managing repairs, etc... I have referred them to friends and everyone has the same great experience."
- Thomas J.
River North Area Information
River North previously was named Smokey Hollow around the turn of the 20th century due to the many factories and forges in the area. It’s bounded by Michigan Avenue to the east, Chicago Avenue to the north, and the Chicago River to the south and west. It boasts a large amount of art and design studios and is considered a stylish urban neighborhood that sits across the bridge from the Loop and upscale restaurants and bars can be found throughout the area.
Areas We Serve
- Chicago
- Lincoln Park
- Lakeview
- River North
- Old Town
- Streeterville
- Gold Coast
- Bucktown
- Wicker Park
- Ukrainian Village
- Loop
- West Loop
- South Loop
- Roscoe Village
- North Center
- Wrigleyville
- Logan Square
- Lincoln Square
- Uptown
The majority of our rentals are $2,000 per month or higher and considered luxury rentals. We also manage multi-unit investment properties. All properties are considered on a case by case basis.
