Villa Park Property Management
We Can Help Manage Your Villa Park Rental Property
We offer a full range of property management services tailored to you as an investor, homeowner, or landlord. We have an extensive portfolio of multifamily properties, single family homes, townhouses and condos in the Chicagoland area.
Benefits of using Earned Run Property Management
- No hassle management
- Automated owner statements
- Online Owner Portal Access
- Industry leading marketing tools
- 24/7 maintenance request handling
- Prompt Response to Tenant Requests
- Low vacancy rate higher than National and Local averages
- Low time on market
- Industry specific local knowledge
What we do as your Villa Park property manager:
- Fill vacancies
- Advertise your rental
- Handle tenant inquiries
- Background and credit investigations
- Application processing
- Lease signing
- Full service repair
- Rent collection
- Coordinate Evictions
How we help Condominium and Homeowner Associations:
- Fee collection
- Paperless payment system
- Access to maintenance and renovation services
- Ongoing current reporting
- Documents necessary for real estate transactions
After acceptance of the property, we perform an initial evaluation of your property and make recommendations to help make sure it meets current state and local property codes and it is in the proper condition to lease. Using a comparable market analysis and other resources, we will suggest a rental rate for your property with the goals of obtaining the optimal dollar amount the market will bear based on current market conditions, keeping vacancy periods short and increasing your return on investment.
Throughout each tenancy, we schedule the property to be visually checked for possible concerns so the condition of the property can be maintained and remain in compliance with state and local property codes. This also gives us an opportunity to determine the tenant’s compliance with the lease and their care of the property.
We will run a Comparable Market Analysis and recommend a starting rent rate based off of current market trends.
We use proven, yet cost-effective, means for advertising properties so they get more exposure to potential tenants and therefore, a better opportunity to lease sooner. Your property would be listed on www.GreenwoodRents.com and other reputable online listing websites for general public viewing. As members of the Multiple Listing Services (MLS), we would place your property where thousands of real estate agents search for available rental properties. Additionally, we maintain professional yard signs with minimal but pertinent information to capture the attention of passers-by. Scheduled showings of the property through a showing service help us determine the current interest in and obtain feedback about the property.
Tenant Screening and Retention+
New applicants - New applicants are required to submit an extensive application allowing us to review income, credit and residential history and perform civil and criminal background checks. This information is used to screen applicants against strict qualifying standards which are within compliance of Federal Fair Housing laws and to obtain qualified and potential long-term tenants.
Current tenants – the tenant’s payment history, lease compliance and property upkeep are some of the factors taken into consideration before a renewal is offered. A comparable market analysis is used to help determine the current renewal rate. Our attentiveness to tenant’s questions and requests as well as maintaining the condition of the property also play a part in giving the tenant incentive to accept a renewal.
Earned Run Property Management will hold all tenant security deposits in an escrow account in accordance with state and local laws.
The lease between the landlord and tenant states the legal terms of the agreement and is in place for the protection of both the landlord and tenants. We take this agreement seriously and use various methods to help tenants remain compliant with the lease, providing protection for the client’s investment and income.
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Villa Park Area Information
When Ovaltine established their factory, they needed a way to make sure their employees could get to and from work safely, no matter the weather, terrain or other issues. Villa Park was built originally for that reason.
Following the construction of a subdivision called Villa Park in 1908 and another called Ardmore in 1910 by the real estate firm Ballard & Pottinger, Villa Park was incorporated in 1914 by uniting the two subdivisions of 300 people. The first village president, William H. Calhoun, was elected on September 12, 1914. Although this merged town was originally named after the Ardmore subdivision, the community changed its name to Villa Park in 1917. Villa Park was one of a number of suburbs directly west of downtown Chicago that flourished as a result of the electric interurban line, the Chicago Aurora and Elgin Railroad. The railroad ran from the Chicago Loop directly west to Wheaton, Illinois, where it then split into two lines, one traveling southwest to Aurora and the other northwest to Elgin. Two small commercial areas developed, one around the Villa Avenue station and the other around the Ardmore Avenue station. In 1957, the CA&E ceased to carry passengers resulting from a dramatic drop in ridership due to the loss of a one-seat ride stemming from the construction of the Eisenhower Expressway (I-290), and the general increase in use of personal automobiles. The right-of-way was eventually cleaned up and developed into a hiking and bicycling trail known as the Illinois Prairie Path. The Ardmore Station is now home to the Chamber of Commerce, and the Villa Avenue Station houses the Villa Park Historical Society. Source From Wikipedia