GC Realty & Development, LLC
About
THE GC REALTY DIFFERENCE - We Are Investors Too
We started this company because as investors we could not find managers who really cared about our properties like we do. We recognize your pain points and understand the real cost of rental receivables, vacancy and turnover. We work diligently to maximize the return on your investment. Our goal is simple and straightforward: Manage your property as we would if we owned it.
Property Turnaround Specialists
Are you one of those landlords that hoped to be able to manage his own property but are now dealing with a tenant who doesn’t pay the rent and you are struggling to pay the mortgage? Perhaps your property has been vacant for many months and you’re not able to find a quality tenant and you’re steadily losing money. Maybe the contractor you hired to finish the renovation hasn’t show up for weeks and you don’t know who to contact because you’re an out-of-state investor. Let us help!
We have a proven track record helping investors just like you and can provide the resources and advice to turn any property around. Our turnaround strategy provides investors with a detailed understanding of potential options and establishes realistic financial goals based on achievable performance assumptions.
Single Point of Contact
Our firm is a medium to large volume firm, but our organizational structure lends itself to a style of customer service found usually only in the smaller, mom and pop sized companies. Our landlord clients enjoy the benefits of a well resourced professional property manager while also enjoying the personal touch. How do we do it?
Each landlord client is paired with a property manager that will handle everything from marketing the property for lease to moving the tenant out after the lease terminates, and everything in between. For example, your property manager will be the one that meets with you to talk about our programs and services, manages the marketing and leasing of your property, process applications, coordinates the move-in and move-out, collects rents, sends late letters, coordinates maintenance, negotiates renewals, and even oversees evictions if necessary. If you have questions about these processes or any others, you simply contact your property manager—a person you will know personally.
Most of our competition uses a departmental system wherein most of the processes just mentioned would be handled by different people—oftentimes people that you will never meet personally. They don’t know you and you don’t know them. This causes confusion and confusion breeds discontent.
We Invest In Ourselves
We are constantly searching for and investing in the latest technology to manage our process to ensure efficiency and consistency. Technology and automation have found their way into nearly every facet of our business allowing us to deliver superior service and results. From online owner and tenant portals to state-of-the art maintenance software we are able to provide 24/7 information and assistance both during and after our core business hours..
No Fee Due During Vacancy
Many property management companies will charge you a management fee during vacancy. We don’t believe that is fair. We think we should only get paid if we are delivering a valuable service.
I never had big dreams of being a property manager when I was a kid but knew I liked real estate. Over time as an investor, I learned how important property management is for the landlord to grow their investment and the families that live in or run their business in the properties to have a great experience. As a property manager, we get the unique ability to improve a landlords nest egg and a families quality of life. That has become a passion for us to support both parts to the business.
Specialties
Number of properties
Management needs
Current occupancy
Monthly rental income
Duration of management needs
Property type
Photos and videos
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Frequently asked questions
What is your typical process for working with a new customer?
We typically start with a phone conversation to ensure we are the right fit for an investor. The call identifies the specific needs an investor has and provides us with the ability to make sure we can match or exceed the need. After the call, we will move to a property visit with the owner or a property walk if the owner is out of state. About 50% of our clients are out of state so we do utilize technology for many parts of the initial and ongoing process.
What education and/or training do you have that relates to your work?
The three partners of GC Realty & Development, LLC are active members in the operation and have extensive development and landlord experience. Since 2003 we have rehabbed over 450 homes so we have a great understanding of maintenance and capital improvements which largely affects the long term success of an investment. The other downfall of the long term sucess of an investment is vacancy so we are marketing experts to ensure any turnover is limited to the least amount of days possible.
Do you have a standard pricing system for your services? If so, please share the details here.
GC Realty & Development, LLC Management fees may vary and are quoted on a case by case basis but listed below are current rate ranges for residential management:
- Residential: 6-8% of the gross rent
- Residential: 8-10% of the gross rent (Chicago Only)
GC Realty & Development, LLC welcomes the opportunity to speak with you about your Property Management needs. Please feel free to contact our office for additional information at any time.
How did you get started in this business?
We started as investors ourselves managing our properties and working as brokers for hundreds of other investors.
What advice would you give a customer looking to hire a pro in your area of expertise?
As an investor, you need a property management company that is going to add value to your growing portfolio. You want to locate a property manager that is going to walk you thru buying future properties and reviewing your current properties to make sure you are on track for your goals. You are or have spent tens of thousands of dollars to buy hundreds of thousands of dollars in real estate and your plan should be to turn that into millions of dollars generated over the time you own it. You get what you pay for in property management so don't try saving a few dollars with a cheaper management company cause it can cost you hundreds of thousands in the end!
What questions should customers think through before talking to pros about their needs?
In three years, when you look back at who you hire how do you want to feel about what took place since the onboarding of a new property manager.