About Strauss Realty & Management 

FAQ

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What Are Your Property Management Fees? 

Our fees are tailored to your property and the level of service you need. As a leading commercial property management company in Chicago, we offer flexible pricing options:

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Full-Service Management: 4% - 8% of the building’s income, depending on the property’s complexity. This package includes comprehensive management, where we handle all aspects of the property as if it were our own, providing you with detailed reports.
 

Partial-Service Management: 2% - 3% of the building’s income, focusing on back-end tasks like rent collection, financial tracking, and tenant communication. This is ideal for hands-on owners who prefer to manage physical maintenance themselves.
 

Flat Fee: We also offer flat-fee pricing for those who prefer a fixed rate. Contact us to determine the best structure for your commercial property in Chicago. 

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What Types of Properties Do You Manage?

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We specialize in managing both commercial and residential properties across the Chicagoland area. Our experienced managers excel in commercial property management, working closely with our in-house brokerage team to lease commercial units efficiently. This is especially beneficial for mixed-use buildings, where commercial spaces often remain vacant for extended periods.

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What’s Included in Your Property Management Services?

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Our services vary based on the package you choose:

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Full-Service Management:

• Tenant acquisition and leasing coordination

• Rent collection and financial reporting

• Maintenance and repair coordination

• Year-end CAM reconciliations for commercial tenants

• Property inspections and vendor management

• + more!

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Partial-Service Management:

• Rent collection and lease administration

• Year-end CAM reconciliations for commercial tenants

• Financial tracking and reporting

• + more!

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How Do You Collect Tenant Rent?

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We use AppFolio, a modern property management platform, to streamline rent collection. Tenants can pay online via bank account, credit card, or other methods. The platform also sends automatic payment reminders and provides real-time updates to ensure timely collections.

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Do You Handle Year-End CAM Reconciliations for Commercial Tenants?

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Yes, we manage year-end Common Area Maintenance (CAM) reconciliations for all commercial properties we oversee, ensuring accurate allocation of shared expenses.

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Is Tenant Acquisition Included in Property Management? 

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Absolutely. As a full-service commercial property management company in Chicago, we collaborate with our in-house brokerage team to handle tenant acquisition. Our brokers market available spaces, screen tenants, and negotiate lease terms to minimize vacancies.

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Does Commercial Property Management Increase Property Value?​

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Yes, our proactive approach as property managers helps enhance your property’s value by:​

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• Maintaining positive tenant relationships to encourage long-term occupancy

• Ensuring timely maintenance and improvements

• Optimizing cash flow through expense management

• Reducing vacancy rates with strategic leasing efforts

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Can Property Management Improve Tenant Retention and Relations?​​

Definitely. We prioritize tenant satisfaction by responding promptly to requests and maintaining open communication. Our team builds strong relationships with tenants, reducing turnover and ensuring long-term stability for your commercial property in Chicago.

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For more information about how our commercial property management company can help you, contact our expert managers today!

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Does Strauss Realty & Management offer referral fees? ​

Yes! Strauss Realty & Management is proud to offer a full three (3) -month referral fee! This means that the first three (3) months of fees that we collect go straight to you! 

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