On the latest episode of the Straight Up Chicago Investor Podcast, John McGeown shares how his military background serves him in real estate, how he established an area of focus for his High Fidelity Property Management, and more.
Dynamic Lease Pricing – Why It’s Important and How to Do It
The practice of dynamic lease pricing involves adjusting apartment valuations to reflect ever-changing market conditions. Specifically, the practice allows property managers to utilize readily available data to potentially set a higher price during periods of greater demand and a lower price when demand dips — think “surge” pricing.
Three Ways Apartment Investors Can Maximize Rents and Minimize Vacancies During Chicago’s Off-Season
Rents are declining in Chicago — fast. It doesn’t have to do with inflation or a pending recession, rather it’s seasonality. At High Fidelity Property Management, we typically see an annual trend of decline by as much as 15-20% from the high-water mark in June to the bottom in February.
Chicago Neighborhoods You’ll Want to Live In
Take a look at these great communities, all exciting and very Chicago.
High Fidelity Property Management Hires Louis Paschos as Senior Property Manager
With 1,000 units under management, Paschos is tasked with managing client relationships, business development, and overseeing a team of property managers.
High Fidelity Property Management Sees 17.5% Rent Growth For New Leases
High Fidelity Property Management analyzed its data from 1,000 apartment units spanning 29 Chicago neighborhoods to see what’s happening in the mid-market, Class B, neighborhood apartment market.