Owner FAQs

No, you are not required to make your property available to Section 8. However, Serene Property Management can assist in managing Section 8 tenants if you choose to participate in the program.

Yes, Serene Property Management is fully licensed and follows all state and local regulations for property management in Chicago.

Yes, we provide after-hours support for emergencies. Our team is committed to ensuring that both landlords and tenants have access to help when needed.

Yes, we offer direct deposit services to make it easy and convenient for you to receive your rental income on time.

Yes, as the property owner, you have the opportunity to review and approve the lease. Serene Property Management will handle the signing on your behalf.

Yes, Serene Property Management is affiliated with Serene Realty Inc., which offers real estate buying and selling services. Our team can guide you through the process of purchasing or selling property, ensuring you have expert advice every step of the way.

Rental proceeds are deposited directly into your account on a pre-determined date each month, ensuring timely and consistent payments.

Rent is collected by the fifth day of each month, and in the event of late payments, we initiate collection practices promptly to minimize delays. We also handle evictions if necessary, efficiently and in accordance with the law.

We typically sign 12-month leases, but we can adjust the lease length based on your preferences and the market demand.

Typically, we charge a security deposit equivalent to 75% of the first month's rent, but this can vary based on specific property requirements and owner preferences.

We can start managing your property as soon as all agreements are in place, typically within a few days of your decision to move forward with us.

We manage a variety of property types, including single-family homes, multi-family buildings, condominiums, and apartments in the Chicago area.

You will receive detailed monthly financial statements, along with annual reports for tax purposes. We also provide maintenance and inspection reports as needed.

Serene Property Management holds the tenant security deposit in a secure, separate account in compliance with local regulations.