Illinois Property Management: 5 Best Options

The Illinois real estate market offers good opportunities for investing in rental properties. Home prices are generally below the national averages, which makes the market affordable for various investors. Meanwhile, appreciation is strong, so rental property owners will make money in the long term.

Let Awning find the best property manager for your rental property. Simply fill out the form and Awning will find a property manager that provides the best rates and services for your property.

The 5 best property management companies in Illinois are:

• HomeRiver Group: Best Overall Property Management Company in Illinois
• Pro Invest Realty: Best for Affordable Rates
• Marblestone Property Group: Best for Straightforward Pricing
• GC Realty & Development, LLC: Best for Flexibility
• Landmark Property Management: Best for Guarantees

Meanwhile, you can check out the top Chicago property managers here.

How We Selected the Best Property Management Companies in Illinois

When selecting the top property management firms in the State of Illinois, we focused on the following criteria and indicators to provide comprehensive, reliable results:

• Property management services: First and foremost, we looked for companies that provide full-service property management of high quality so that rental property owners can earn passive real estate income from their Illinois investments.
• Property management fees: We analyzed the pricing structures of various companies to make sure they have competitive rates and don’t charge hidden fees.
• Rental market coverage: We included firms that operate in different parts of the Illinois market.
• Property type coverage: We searched for property managers that work with various types of residential properties rented out on a short-term and long-term basis to cover the needs of all Illinois investors.
• Company size and headquarters: We ranked both small-scale, local and large-scale, national companies as each model of property management has its own advantages and disadvantages, and property owners should be able to choose based on their specific situation and their preferences.
• Use of technology and human efforts: We chose Illinois property management companies that use the latest technology to automate services without ignoring the demand for human interventions in the rental industry.
• Online reviews by property owners and renters: We checked out the overall ratings and individual reviews of short-listed companies on reputable, trustworthy third-party websites to make sure that they meet the promises they make on their websites.
• Value for money: Finally, we selected the 6 property managers that provide the best value for money in the Illinois rental market.

HomeRiver Group: Best Overall Property Management Company in Illinois

HomeRiver Group is the largest, third-party property management company in the US, focusing on long-term rentals, with a well-established presence in the Illinois market. John Hirschfeld, Andrew Propst, Doug Dale, and Joshua Bangert founded the company in 2016, with headquarters in New York, NY. Currently, the company manages more than 40,000 rental properties and over 32,000 homes within HOA communities in 31 US states. They have been able to reach such a wide coverage by acquiring the best property management companies in each location and turning them into partners. HomeRiver Group is the top property manager in Illinois because it delivers comprehensive services at competitive rates.

HomeRiver Group Property Management Services

HomeRiver Group Illinois provides full-service property management that encompasses:

• Expert market analysis to maximize return on investment
• Property marketing
• Extensive tenant screening including valid identification, residency verification, employment verification, and criminal history
• Rent collection
• Owner payout distribution
• Routine property inspections
• 24/7 emergency response
• Preventive maintenance
• Prompt handling of repairs and maintenance work
• Detailed financial reporting
• Eviction protection

HomeRiver Group Property Management Locations

One of the factors making HomeRiver Group a leader among the best rental property management companies in Illinois is the wide market coverage, including:

• Albany Park
• Aurora
• Avondale
• Belmont Cragin
• Berwyn
• Bolingbrook
• Bucktown
• Chicago
• Chicago Heights
• Cicero
• Cook County
• Country Club Hills
• Downers Grove
• Dunning
• DuPage County
• Edgewater
• Edison Park
• Forest Glen
• Gold Coast
• Hermosa
• Homewood
• Irving Park
• Jefferson Park
• Joliet
• Lakeview
• Lansing
• Lincoln Park
• Lincoln Square
• Logan Square
• Lombard
• Loop
• Matteson
• Montclare
• Naperville
• Near North Side
• Near South Side
• North Center
• North Park
• Norwood Park
• Oak Lawn
• Oak Park
• O’Hare
• Old Town
• Orland Park
• Portage Park
• Rogers Park
• Roscoe Village
• South Holland
• South Loop
• Uptown
• West Ridge
• Wheaton

HomeRiver Group Property Types

The Illinois office of HomeRiver Group manages single-family homes, townhouses, condos, apartment complexes, 2-4 unit buildings, and 5-50 multifamily buildings rented out on a long-term basis.

HomeRiver Group Property Management Costs

The Illinois branch of HomeRiver Group does not explain the property management fee structure in the local market. In other locations, the company charges both flat fees and percentages of monthly rent, in line with local trends. Rates are always competitive and affordable, starting at only 5% of monthly rent in some cases.

Property owners need to pay a leasing fee, a monthly management fee, a lease renewal fee, and inspection fees.

HomeRiver Group Property Management Terms

HomeRiver Group asks real estate investors to sign an initial contract of 6 or 12 months. Then, monthly options become available too.

HomeRiver Group Property Management Reviews

Over 500 Illinois rental property owners and tenants have reviewed the work of HomeRiver Group in the local market. Their reviews lead to generally very good overall ratings.

You can find HomeRiver Group reviews focused on Illinois on:

• Google: Currently 4.5/5 stars based on 278 reviews
• Birdeye: Currently 3.7/5 stars based on 150 reviews
• TrustAnalytica: Currently 4.4/5 stars based on 100 reviews

Positive reviews discuss the amazing experiences, the painless transactions, the perfectly implemented repair works, the dedication, the care for customers and properties, the professionalism, the great attitude, the willingness to help, the pleasant and always available team members, and the excellent customer service. Negative reviews mention sluggish addressing of maintenance requests, incompetence, complacent attitude, and poor communication practices.

How to Get Started with HomeRiver Group Property Management

To get started with the best overall property management company in Illinois, real estate investors can submit an online form via HomeRiver Group or call 415-941-6642.

Pro Invest Realty: Best for Affordable Rates

Pro Invest Realty is a local, full-service property management company serving the Chicago area of Illinois. Alen Ledic founded the company in 2005, with headquarters in Chicago, IL. The team strives to provide property management services specifically tailored to each owner and ensuring that investors have a worry-free experience. Pro Invest Realty is the best property management company in Illinois for affordability as they charge a uniform monthly fee of only 5% of gross rent.

Pro Invest Realty Services

Pro Invest Realty provides comprehensive property management services that include:

• Rental marketing and advertising
• Tenant screening
• Rent collection
• Owner funds distribution
• Lease enforcement
• Tenant communication
• Bill payments
• Interior and exterior inspections
• Maintenance and repairs coordination via an in-house service company
• Eviction

Pro Invest Realty Locations

Pro Invest Realty operates in Chicago and surrounding cities.

Pro Invest Realty Property Types

Pro Invest Realty works with townhouses, condos, and multifamily properties rented out on an annual basis.

Pro Invest Realty Costs

Pro Invest Realty charges a monthly management fee of 5% of gross monthly rent. This is not only a very clear pricing model but also the lowest fee in the area. This makes Pro Invest Realty the most affordable property management company in Illinois.

Pro Invest Realty Terms

Pro Invest Realty does not specify the terms of the management contract, so interested investors need to get in touch with the company and ask for a copy to review. It’s important to know what is required in order to cancel services when not fully satisfied with the quality.

Pro Invest Realty Reviews

There are more than 400 online reviews of Pro Invest Realty on third-party websites that show generally positive experiences.

You can find Pro Invest Realty reviews on:

• Birdeye: Currently 4.2/5 stars based on 253 reviews
• Google: Currently 4.2/5 stars based on 213 reviews
• Yelp: Currently 2.0/5 stars based on 8 reviews

Satisfied property owners and tenants discuss the pleasant experiences, the great jobs, the professionalism, the responsiveness, the helpfulness, the attention to detail, the efficiency, the care for tenants, the prompt responses to all questions and issues, the tech friendly team, and the wonderful staff. Dissatisfied customers mention incompetent services, unprofessionalism, lack of care, irresponsiveness, rudeness, and absence of communication.

How to Get Started with Pro Invest Realty

To get started with the best property management company in Illinois for affordable rates, rental property owners can submit an online form on the Pro Invest Realty website or call 312-275-5750.

Marblestone Property Group: Best for Straightforward Pricing

Marblestone Property Group is a local, full-service property management company working with different types of residential rental properties in the south side of the Chicago market. Jared Kott established the company in 2013, with headquarters in Chicago, IL. The team focuses on building and applying customized management plans and systems to help property owners make the most efficient choices to protect their investments. Marblestone Property Group is the top property management company in Illinois for simple and clear pricing as they offer a single service plan with straightforward fees.

Marblestone Property Group Services

Marblestone Property Group offers full-service property management that includes:

• Property marketing and advertising
• Tenant screening including background and credit investigations
• Lease signing
• Move-in and move-out inspections
• Rent collection
• Owner earnings disbursement
• Handling tenant inquiries
• Tenant conflict resolution
• Legal compliance
• 24/7 emergency responses
• Full-service repairs
• Accounting
• Financial reporting
• Year-end income and expense statement
• Year-end reporting including 1099s
• Eviction coordination

Marblestone Property Group Locations

Marblestone Property Group serves:

• Chatham
• Chicago
• Eastside
• Hegewisch
• South Chicago
• South Shore
• Woodlawn

Marblestone Property Group Property Types

Marblestone Property Group manages single-family homes, townhomes, duplexes, triplexes, quadruplexes, and flats rented out on a long-term basis.

Marblestone Property Group Costs

Marblestone Property Group offers a single services plan with the following costs:

• Leasing fee: One month’s rent
• Monthly management fee: 10% of monthly rent for a minimum of $99
• Lease renewal fee: 40% of monthly rent
• Setup fee: $179 for a vacant property; $249 for a tenant-occupied property
• Year-end reporting/1099: $129

The owners of 5+ rental units benefit from discounts.

Offering a single services plan with clear fees makes Marblestone Property Group the best property manager in Illinois for straightforward pricing.

Marblestone Property Group Terms

Marblestone Property Group does not discuss the details of the management contract. Thus, interested property owners need to contact the team and ask for a copy to review diligently before making a decision.

Marblestone Property Group Reviews

Nearly 400 real estate investors and renters have reviewed the work of Marblestone Property Group. Their reviews result in excellent overall ratings.

You can find Marblestone Property Group reviews on:

• Birdeye: Currently 4.9/5 stars based on 156 reviews
• Google: Currently 4.8/5 stars based on 139 reviews
• TrustAnalytica: Currently 4.9/5 based on 100 reviews

Happy landlords and tenants highlight the beautiful properties, the fantastic experiences, the professionalism, the knowledge, the unbiased recommendations, the attention to detail, the quick addressing of issues, the incredible responsiveness, and the awesome team members that always go above and beyond for clients. Unhappy customers complain about bad experiences, unprofessional practices, rude attitude, slow responses to problems, and lack of communication.

How to Get Started with Marblestone Property Group

To get started with the best property management company in Illinois for straightforward pricing, real estate investors can fill in an online form on the Marblestone Property Group website or call 312-376-8753.

GC Realty & Development, LLC: Best for Flexibility

GC Realty & Development, LLC (GCR&D) is a local, full-service property management company working with different types of residential rental homes across the Chicago market in Illinois. Bryan Sonn and Mark Ainley launched the company in 2003, with headquarters in Roselle, IL. The team works on being Chicago’s Responsive Property Manager since responsiveness lies at the core of the services that they provide to Illinois rental property investors. GC Realty & Development, LLC is the top property management firm in Illinois for flexibility as landlords can choose between leasing only and full-service management options.

GC Realty & Development, LLC Property Management Services

GC Realty & Development, LLC offers comprehensive property management services covering:

• Rental analysis
• Rental license administration
• Rental license inspection coordination
• Municipal code compliance
• Enhanced digital marketing including high-quality interior and exterior photos and optimized property descriptions as well as listing on the MLS and 100+ real estate websites 
• Property showings
• Advanced tenant screening including thorough credit, background, and eviction reports
• Intense pet screening
• Lease signing
• Move-in and move-out inspections
• Turnover utility transfer
• Utility management
• Rent collection
• Owner payments via ACH
• HOA communication
• 24/7 maintenance line
• Preventive maintenance work
• Day-to-day work orders for tenant maintenance requests
• Third-party maintenance coordination of qualified vendors
• End-of-year statement and 1099s
• Eviction assistance
• Capital improvement supervision

GC Realty & Development, LLC Property Management Locations

GCR&D serves the following Illinois rental markets:

• Addison
• Algonquin
• Arlington Heights
• Aurora
• Avondale
• Barrington
• Bartlett
• Batavia
• Bensenville
• Berwyn
• Bloomingdale
• Buffalo Grove
• Burlington
• Carol Stream
• Cary
• Chicago
• Cook County
• Crystal Lake
• Des Plaines
• Edgewater
• Elgin
• Elk Grove
• Elmhurst
• Evanston
• Geneva
• Gilberts
• Glen Ellyn
• Glendale Heights
• Itasca
• Hanover Park
• Hoffman Estates
• Huntley
• Lagrange
• Lakeview
• Lincoln Park
• Logan Square
• Lombard
• Mount Prospect
• Naperville
• North Aurora
• North Park
• Oak Brook
• Old Town
• Palatine
• Rolling Meadows
• Roselle
• Schaumburg
• South Elgin
• St. Charles
• Streamwood
• Uptown
• Villa Park
• West Chicago
• Wheaton
• Wicker Park
• Winfield

GC Realty & Development, LLC Property Types

GC Realty & Development, LLC manages single-family homes, condos, and apartments rented out on a long-term basis.

GC Realty & Development, LLC Property Management Costs

GC Realty & Development, LLC offers two services plans including:

Resident Placement Only: This plan covers everything necessary to place a tenant.

• Leasing fee: One month’s rent

Full-Service Management: This plan covers everything in Resident Placement Only plus all the tasks required to run a rental property business.

• Leasing fee: One month’s rent
• Monthly management fee: 7%-9% of monthly rent
• Lease renewal fee: 25% of monthly rent
• Monthly admin fee: $5
• 1099s and end-of-year statement: $99.95/year
• Cancellation fee in the first 6 months: $350

The ability to choose between leasing only services and full-service property management makes GCR&D the best Illinois property manager for flexible options.

GC Realty & Development, LLC Property Management Terms

GCR&D charges a cancellation fee of $350 in the first 6 months of the management contract.

GC Realty & Development, LLC Property Management Reviews

More than 1,500 Illinois rental property owners and tenants have written online reviews of GC Realty & Development, LLC on third-party websites. Their reviews lead to above-average overall ratings.

You can find GC Realty & Development reviews on:

• Birdeye: Currently 4.6/5 stars based on 841 reviews
• Google: Currently 4.6/5 stars based on 551 reviews
• TrustAnalytica: Currently 4.6/5 stars based on 99 reviews
• Yelp: Currently 4.3/5 stars based on 74 reviews
• BBB.org: Currently 4.13/5 stars based on 22 reviews

Positive reviews discuss the great experiences, the outstanding services, the enhanced rental performance, the professionalism, the knowledge, the transparency, the helpfulness, the wonderful team members who are pleasant to work with, and the commitment to communication. Negative reviews mention dirty rentals that are not safe to use, excessive issues with properties, fraudulent practices, and slow responses to maintenance requests.

How to Get Started with GC Realty & Development, LLC Property Management

To get started with the best property management company in Illinois for flexibility, rental property investors can submit an online form via the GC Realty & Development, LLC website or call 630-587-7400.

Landmark Property Management: Best for Guarantees

Landmark Property Management is a local, full-service property management serving the Chicago area in Illinois. Jason Marcordes started the company in 2014, with headquarters in Chicago, IL. The team aims to offer tailored solutions for landlords and investors to ensure the highest-quality service for their properties by focusing on serving the client first, building trust, and ensuring each and every property is well-cared for. Landmark Property Management is the best Illinois property management company for landlord protection as they provide more guarantees than the majority of local and national property managers.

Landmark Property Management Services

Landmark Property Management delivers the following services to Illinois real estate investors and their properties:

• Professional rental market analysis for maximum ROI
• Make-ready project management
• Property marketing via Buildium, including professional photos and video tours and posting on websites like the MLS, Zillow, and Trulia
• Extensive 8-point tenant screening including credit check, employment verification, debt to income ratios, eviction history check, criminal history check, and previous landlords calls
• Pet screening
• Lease preparation and signing
• Move-in and move-out inspection
• Utility transfers
• Rent collection
• Owner earnings payments by direct deposit via ACH processing
• Lease enforcement
• Municipal code compliance
• HOA communication
• Payment of monthly items
• Handling tenant maintenance requests
• Maintenance coordination via trustworthy and quick-to-respond vendors
• Detailing financial reporting
• Annual owner summary statement
• Tax statements and 1099s
• Eviction protection

Furthermore, Landmark Property Management offers a range of guarantees for the owners of rental properties including:

• Satisfaction Guarantee: Landmark Property Management does not work with long-term contracts and does not charge cancellation fees.
• Response Time Guarantee: The property manager commits to responding to all communication within 8 business hours; alternatively, they’ll provide one month of free property management services.
• Eviction Guarantee: The property management firm will cover the attorney fees in case a tenant selected by them requires eviction within 12 months of placement.
• Rental Guarantee: The company commits to placing a tenant within 21 days; otherwise, they will waive the property management fee for a month.
• Pet Damage Guarantee: Landmark Property Management will cover up to $2,000 in pet damage exceeding the security deposit.
• Leasing Fee Guarantee: The Illinois property management company will find a new tenant at a prorated cost if a resident stays for less than 12 months so that property owners don’t have to pay two full leasing fees in a tenant’s initial lease term.

Landmark Property Management Locations

Landmark Property Management operates in:

• Avondale
• Bolingbrook
• Bridgeport
• Bronzeville
• Chicago
• Chinatown
• Frankfort
• Homer Glen
• Jolliet
• Lakeview
• Lemont
• Lenox
• Lincoln Park
• Lockport
• Logan Square
• Manhattan
• Mokena
• New Lenox
• Orland Park
• Pilsen
• Plainfield
• Romeoville
• Shorewood
• Tinley Park
• Wicker Park

Landmark Property Management Property Types

Landmark Property Management works with single-family houses, apartments, and other residential multi-unit properties rented out on a 12-month basis.

Landmark Property Management Costs

Illinois property owners can choose between two service packages, including both leasing only and full-service:

Lease Only: This plan covers everything needed to rent out a property.

• Leasing fee: One month’s rent
• Monthly property marketing and leasing fee: $200

Full-Service Management & Leasing: This plan covers everything in Lease Only plus all the services required to manage a long-term rental property.

• Leasing fee: One month’s rent
• Monthly management fee: 6%-8% of monthly rent for a minimum of $125
• Monthly property marketing and leasing fee: $200
• Onboarding fee: $300

Landmark Property Management Terms

Under the Satisfaction Guarantee, Landmark Property Management commits to not requiring long-term management agreements and not charging cancellation fees.

Landmark Property Management Reviews

Over 400 landlords and tenants have reviewed the services provided by Landmark Property Management. Their reviews show excellent experiences.

You can find Landmark Property Management reviews on:

• Birdeye: Currently 4.8/5 stars based on 170 reviews
• Google: Currently 4.9/5 stars based on 168 reviews
• TrustAnalytica: Currently 4.9/5 stars based on 52 reviews
• Facebook: Currently 4.7/5 stars based on 16 reviews

Happy property owners and renters focus on the quality of services, the high level of professionalism and knowledge, the exceptional helpfulness, the punctuality, the comprehensive explanations, the responsiveness to all issues, the provided solutions in difficult situations, the strong relationships with owners, the kindness, and the patience. Negative reviews talk about bad experiences, neglecting multiple issues, administrative errors, absence of any responsiveness, and lack of communication.

How to Get Started with Landmark Property Management

To get started with the best property management company in Illinois for flexibility, rental property owners can fill in an online form on the Landmark Property Management website or call 312-313-8553.

Takeaway

These are the 6 best property management companies in Illinois. HomeRiver Group and Awning are the absolute top choices for the owners of long-term and short-term rentals, respectively, as they deliver full-service management at competitive rates. Investors looking for affordability can also check out Pro Invest Realty, while those interested in a clear pricing model should consider Marblestone Property Group. GC Realty & Development, LLC offers flexible options, and Landlord Property Management provides more guarantees than most Illinois property managers.