Why Lightman Legacy?
As a family owned and run company with over 40 years of combined experience managing multifamily housing properties throughout the Chicago-land area, not only do we at Lightman Legacy know the Chicago residential market inside and out, but our experienced team is able to offer a comprehensive suite of services to our clients at incredibly competitive rates. Our management plans reflect our commitment to providing an unparalleled experience for our clients — tailored options at a variety of price-points, all with no hidden fees and 24/7 personalized access to our 100% local team.
SERVICES
Tenant Screening >
Tenant Screening
Our screening process is stringent and thorough. We screen for credit, background, and eviction history, and we follow-up with previous landlords and employers to ensure that we are placing only the best tenants in your properties.
leasing >
Leasing
Our leases are legally compliant, kept up to date, and comprehensive so as to offer the maximum protection for our landlords. We are also proud of our commitment to reducing our carbon footprint by signing leases and other documents electronically.
Move-ins & Move-outs >
move-ins & move-outs
The move-in process is handled by our qualified maintenance team, walking through and documenting the condition of the unit with tenants before they move in. Similarly, before move-out we walk-through to ensure tenants have been compliant with the lease and to address issues before they leave. All units are thoroughly cleaned, maintained, and paint is touched up between each tenancy.
bill payments >
bill payments
As part of our commitment to a comprehensive property management solution, we offer at no additional cost to our Premium+ clients the processing of vendor bills, such as utilities, landscaping, snow removal, etc. on your behalf, saving you the time and hassle of juggling and keeping track of bills every month.
rent collection >
rent collection
Tenants have a variety of payment options, both online through a dedicated tenant portal, and through traditional checks by mail. Our team carefully monitors tenant payments and handles late rents promptly and consistently.
repair & maintenance >
repair & maintenance
We are proud to have an on-staff maintenance team capable of handling day-to-day maintenance issues at a fraction of the cost of other companies. For larger jobs requiring specialized technicians, we have established partnerships with various 3rd party vendors to ensure quality, affordable repairs.
accounting & reporting >
accounting & reporting
We keep accurate, detailed reports of your finances online, available to you at any time. In addition, we send monthly financial statements breaking down every cent, and we provide comparative analyses with previous months, allowing you to gain key insights into your business.
legal support >
legal support
Although rare, in the unlikely chance that we need to evict a tenant, our legal team knows the laws and is able to do so promptly and in accordance with all city and state ordinances, ensuring a smooth and timely process.
marketing & advertising >
Marketing & ADvertising
Our brokers use the latest tools available to create maximum exposure for your units across a variety of online listing platforms, and every unit is photographed by a professional photographer prior to listing to ensure we are advertising your unit at its maximum potential.
SERVICES
Tenant Screening >
Tenant Screening
Our screening process is stringent and thorough. We screen for credit, background, and eviction history, and we follow-up with previous landlords and employers to ensure that we are placing only the best tenants in your properties.
leasing >
Leasing
Our leases are legally compliant, kept up to date, and comprehensive so as to offer the maximum protection for our landlords. We are also proud of our commitment to reducing our carbon footprint by signing leases and other documents electronically.
Move-ins & Move-outs >
move-ins & move-outs
The move-in process is handled by our qualified maintenance team, walking through and documenting the condition of the unit with tenants before they move in. Similarly, before move-out we walk-through to ensure tenants have been compliant with the lease and to address issues before they leave. All units are thoroughly cleaned, maintained, and paint is touched up between each tenancy.
bill payments >
bill payments
As part of our commitment to a comprehensive property management solution, we offer at no additional cost to our Premium+ clients the processing of vendor bills, such as utilities, landscaping, snow removal, etc. on your behalf, saving you the time and hassle of juggling and keeping track of bills every month.
rent collection >
rent collection
Tenants have a variety of payment options, both online through a dedicated tenant portal, and through traditional checks by mail. Our team carefully monitors tenant payments and handles late rents promptly and consistently.
repair & maintenance >
repair & maintenance
We are proud to have an on-staff maintenance team capable of handling day-to-day maintenance issues at a fraction of the cost of other companies. For larger jobs requiring specialized technicians, we have established partnerships with various 3rd party vendors to ensure quality, affordable repairs.
accounting & reporting >
accounting & reporting
We keep accurate, detailed reports of your finances online, available to you at any time. In addition, we send monthly financial statements breaking down every cent, and we provide comparative analyses with previous months, allowing you to gain key insights into your business.
legal support >
legal support
Although rare, in the unlikely chance that we need to evict a tenant, our legal team knows the laws and is able to do so promptly and in accordance with all city and state ordinances, ensuring a smooth and timely process.
marketing & advertising >
Marketing & ADvertising
Our brokers use the latest tools available to create maximum exposure for your units across a variety of online listing platforms, and every unit is photographed by a professional photographer prior to listing to ensure we are advertising your unit at its maximum potential.
PLANS & PRICING
PLANS & PRICING
We pride ourselves on customer service and flexibility. All clients receive the services outlined above, and have an option of the Core, Core+, and Premium+ plans below. All plans have a base start-up fee of the greater of $500 or $150 per unit and include the following:
- Weekly common area cleaning and maintenance
- Pet leases (if applicable)
- Unit turnover (paid from move-in fee)
- Access to all our third party vendors for repairs (HVAC, plumbing, electric, appliance, carpentry) and landscaping/snow removal at cost
Core
Core has a greater of $50/unit or 5% management fee and the following:
- Leasing has a 1 month broker's fee
- Lease renewals have a $150 charge
- In-house Maintenance is billed at $45/hr plus materials, $75/hr for after-hours calls
- Cap-ex Services with our professional contractors starting at $55/hr plus materials
Core+
Core+ has a greater of $70/unit or 7% management fee and the following:
- Leasing on apartment units has 50% broker fee
- No lease renewal fee
- Monthly maintenance charge of $50 per unit under contract, unlimited in-house labor (charge only for materials), 4 hours of after-hours calls included ($75 after that)
- Yearly unit inspections
- Will cover all legal fees for up to 1 eviction per year
Premium+
Premium+ has a greater of $90/unit or 9% management fee and the following (15 unit minimum):
- No leasing fee for apartment units
- No lease renewal fee
- Monthly maintenance charge of $25 per unit under contract, unlimited in-house labor (charge only for materials), 8 hours of after-hours calls included ($75 after that)
- Semi-annual unit inspections (every 6 months)
- Will cover all legal fees for up to 1 eviction per year
- Landscaping and snow removal automatically included
- Bill payments on behalf of owner for most utilities included
- Will handle all paperwork for property tax appeals
Core
Core has a greater of $50/unit or 5% management fee and the following:
- Leasing has a 1 month broker's fee
- Lease renewals have a $150 charge
- In-house Maintenance is billed at $45/hr plus materials, $75/hr for after-hours calls
- Cap-ex Services with our professional contractors starting at $55/hr plus materials
Core+
Core+ has a greater of $70/unit or 7% management fee and the following:
- Leasing on apartment units has 50% broker fee
- No lease renewal fee
- Monthly maintenance charge of $50 per unit under contract, unlimited in-house labor (charge only for materials), 4 hours of after-hours calls included ($75 after that)
- Yearly unit inspections
- Will cover all legal fees for up to 1 eviction per year
Premium+
Premium+ has a greater of $90/unit or 9% management fee and the following (15 unit minimum):
- No leasing fee for apartment units
- No lease renewal fee
- Monthly maintenance charge of $25 per unit under contract, unlimited in-house labor (charge only for materials), 8 hours of after-hours calls included ($75 after that)
- Semi-annual unit inspections (every 6 months)
- Will cover all legal fees for up to 1 eviction per year
- Landscaping and snow removal automatically included
- Bill payments on behalf of owner for most utilities included
- Will handle all paperwork for property tax appeals