The Chrysalis Group Management & Realty | Property Management and Real Estate Brokerage in Ottawa, IL

Put your investment property to work

Investing in real estate has long been viewed as a stable investment alternative to putting money into the volatile stock market. In fact, many turn to real estate to provide long-term, passive cash-flow that they can rely on all the way into retirement. The mistake that many investors make, though, is assuming that they can manage the investments themselves while keeping it a mostly passive endeavor. Any experienced landlord knows that managing rental properties is anything but passive; between maintenance calls, properly screening tenants, bookkeeping, property upkeep, and showing available units, these “passive” investments can quickly turn into full-time jobs.

The Chrysalis Group has spent the last 5+ years building a team and creating systems which allow property owners to give up the hands-on portion of their real estate investments in favor of dedicating their time to more important aspects of their lives. For some, this frees them up to find other profitable investments, and for others this takes away stress and allows them to spend more time focusing on their families or their hobbies. Either way, The Chrysalis Group has been created in order to make the investments of time and money of our clients more profitable and efficient. And now, as our business expands as a fully-licensed management company and real estate firm, we are in position to help in all facets of real-estate investment, be that buying, selling, or property management.
Whether you’re looking to collaborate with us on a weekly basis regarding the management of your property, or if you’d prefer to simply receive a check and a financial statement each month, The Chrysalis Group would love to design a management plan to help grow your business.

Please give us a call or provide us with your phone number in our Owner Questionnaire so that we can give you a custom price quote based on your property and management needs.

Evaluate and Prepare the Property

  • Inspect units as they are vacated and provide reporting on repairs needed
  • Determine competitive rental pricing and discuss with owner before marketing
  • Perform any needed maintenance (patching, painting, minor repairs) to prepare unit for leasing—additional charge per hourly maintenance charge
  • Clean unit as needed to prepare for marketing/move-in—additional charge

Advertising and Marketing the Property

  • Market property on various websites to reach a wide audience (i.e. Zillow, Trulia, HotPads, Craigslist, Facebook, etc.)
  • Answer marketing calls and set up tours for prospective tenants
  • Meet prospective tenants for showings
  • Provide tenants with applications
  • Collect applications and application fees

Tenant Screening and Selection

  • Perform background check, income verification, obtain credit score/history, rental history, etc.
  • Assess tenants on predetermined criteria
  • Inform tenants when approved/denied

Tenant Move In

  • Draw up leasing agreement—leasing fee to be billed as additional charge

  • Confirm move-in date with tenant

  • Review lease guidelines with tenant, including payment terms and maintenance request procedures

  • Ensure properly executed agreements

  • Perform move-in with tenant, including initial inspection

  • Collect first month’s rent and security deposit

Rent Collection

  • Receive rent payments/late fees online, at office, or by mail

  • Bounced check fee collection—$25 NSF Fee charged to the issuer of the check

Evictions

  • Serve eviction notices and perform notarization of documents—additional charge

  • Submit legal documents to lawyer with court appearances, all professional fees billed to owner

  • Coordinate with law enforcement to remove tenant and tenant’s possessions from unit

Perform Regular, Periodic Inspections Interior and Exterior

  • Document repair needs, safety hazards, code violations, lease violations, etc.

  • Send owner reports on condition of the property

Financial Services

  • Provide detailed accounting/bookkeeping services

  • Make payments on owner’s behalf

  • Maintain detailed documentation of expenses via invoices and receipts

  • Provide monthly cash flow and P & L Statements

  • Maintain historical records

  • Provide annual reporting for tax purposes, including 1099 form

Maintenance, Repairs, and Remodeling

  • Provide and oversee in-house maintenance crew—additional charge basis hourly rate

  • Identify and establish preventative maintenance practices

  • Assign jobs to different parties, including outside professionals, based on who is best for the job at the best price—additional charge based on who is doing the job

  • Maintain outdoor areas, landscaping, snow removal, garbage removal—additional charge

  • Maintain a 24hr repair hotline for emergencies

  • Renovation or rehab projects

    ◦ Provide recommendations for maximizing rental income

    ◦ Prepare cost estimates

    ◦ Act as General Contractor for overseeing the work—additional charge

Tenant Move Out

  • Inspect unit and document unit’s condition

  • Provide tenants with a copy of estimated damages

  • Return the balance of the security deposit to the tenant

  • Deposit the owner’s portion of deposit

  • Re-key locks

  • Re-Market property for rent

Interested in learning more?

Fill out our simple Property Management Questionnaire and we’ll contact you to answer any questions and discuss the possibility of working together!

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