As this year is coming to an end, the Chicago rental market continues to thrive, offering promising opportunities for property owners and investors. With rising demand, increasing rental rates, and evolving renter preferences, understanding market trends is essential for maximizing your investment. At High Fidelity Property Management, we’re unpacking how Chicago’s rental market evolved in […]
Guidelines for Renting to Tenants with Pets
Allowing pets in your rental property can be a great way to attract more tenants, as pet-friendly homes are in high demand. However, renting with pets also comes with its own set of challenges and considerations. Which is why we put together guidelines for renting to tenants with pets. As a landlord or investor, it’s […]
Why 6-Flat Buildings Are a Great Investment
At High Fidelity Property Management, we specialize in managing 6-flat multi-unit apartment buildings, particularly the vintage, center-entrance types that define much of Chicago’s real estate history. These classic structures, rich in architectural charm and historic significance, remain a cornerstone of Chicago’s housing landscape. In this post, we’ll share why 6-flat buildings are a great investment […]
DIY Apartment Upgrades for Renters
DIY Apartment Upgrades for Renters As a renter, making your apartment feel like home can be a bit of a challenge. You want to personalize your space, but without making permanent changes that might clash with your lease terms. Fortunately, there are plenty of DIY upgrades that are both stylish and reversible. At High Fidelity […]
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.