Services / 02 Property Management

The operational side of ownership.

Management for owners of single units, two- to six-flats and small residential portfolios who would rather not carry the day-to-day themselves.

Request a management quote

We take on the parts of ownership that are genuinely work. That means arranging the plumber at an unreasonable hour, holding the relationships with the vendors who do the work, keeping the building compliant with the city, and maintaining records clean enough that your accountant does not have to bill you to sort them out at the end of the year.

You receive a monthly statement and you have a person to call. Owners who live out of state, or who have simply reached the point where the building is taking up more of their week than it is worth, tend to be the ones this suits best.

What management covers

Maintenance and repair coordination
Vendor management
Monthly owner statements
Operating budgets and reserves
City compliance and registration
Building and unit inspections
Insurance claim coordination
Capital project oversight

How it runs

From the first call onwards.

Walkthrough and assessment

We go through the building with you, note its condition and its deferred maintenance, and give you an honest read on what the first year will cost.

Onboarding

Leases, deposits, keys, vendor contacts and utility accounts are transferred across, and the tenants are told who to contact from now on.

Day-to-day operation

Repairs, vendor scheduling, inspections and city filings run without needing your involvement, except where a decision or a spend needs your approval.

Reporting

A monthly statement covering income, expenses and anything outstanding, in a form your accountant can use directly.

Get in touch.

Send the details and the right person will come back to you, usually the same business day.

Also from The Khan Group

Our other services.

Brokerage

Licensed representation across Chicago's North Side and the neighborhoods around it, from a first condominium purchase through to a luxury single-family sale.

Rental Management

The letting cycle handled on the owner's behalf, from an empty unit through to a renewed lease and rent arriving on time.

Our sister company

Looking to build?

For custom real estate development projects in Chicago's most coveted neighborhoods, visit our sister company, AK Custom Homes.

Visit AK Custom Homes