One of the strengths we bring to our investment approach is our integrated property management.  Our full service property management business (Paragon Property Management Group LLC) also serves third party clients.

Through our management company we ensure that our investments continue to operate smoothly, providing our investment partners with the following advantages:

• Team – we have a team in place to tackle all aspects of property management:
  • Property Management
  • Leasing
  • Administration
  • Maintenance and Repair
  • Accounting
  • Reporting
• Experience– We have been managing properties across Chicago for nearly 15 years.  Both as direct investors and as professional management service provider for local and out-of-state investor clients.
• Economies of Scale– The large number of properties under our management allow us to gain excellent economies of scale, allowing efficiency and cost savings.
• Systems and Processes– We have developed and implemented systems and processes to ensure that all aspects of management operate smoothly and efficiently.  We utilize professional management software that allows us to keep information secure and organized, and to stay coordinated with owners, tenants, and maintenance staff.
• Specialized Knowledge– We continue to build on our already extensive knowledge and experience, while constantly improving our property management processes.  We know what to expect from building and tenant management. We know what works and what does not in our local market.
• Buying Power– We have worked with numerous contractors and vendors throughout years in property management and performing apartment renovation projects.  Our network of resources and volume of work helps to bring the most competitive prices with outside contractors.
• Network – Our network of vendors and contractors means that we often know the right people to work with for particular jobs if the scope is outside of our standard in-house services.
• Housing Agency Experts – We are very experienced working with housing agencies such as Chicago Housing Agency Housing Choice Voucher program (formerly known as Section 8). Programs such as this allow us to secure steady rental income through government funded programs.  Although it can be challenging to navigate the administrative systems, processes, paperwork, and inspections, with our experience we have found good success with these programs.
• Troubled Property Turnaround – We are experienced with taking under-performing, troubled properties, and turning them around through addressing immediate building safety and condition concerns, transitioning out problem tenants,  managing major renovations, and bringing in quality tenants.

Some of the many property management aspects we handle:

• Advertising for rent
• Showing apartments for rent
• Screening applicants
• Knowing and abiding by Fair Housing Laws
• Securing new leases
• Managing new tenant move-ins
• Collecting and managing security deposits
• Collecting Rent
• Managing move-outs
• Responding to tenant phone calls
• Responding to maintenance requests
• Working with Chicago Housing Authority and other rent subsidy programs
• Accounting
• Record Maintenance
• Dealing with tenants who pay late or are in violation of lease