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About us
Letts Investment Realty and Property Management began in 2006 and has quickly grown to managing over 600 properties throughout the Chicago-Land area.We have about 30 employees and have our own internal maintenance department that can handle nearly any maintenance needs.
Business highlights
Emergency services offered
19 years of experience
Services we offer
Letts Property Management offers full service property management. We can fully manage and maintain properties with anywhere from 1 unit all the way up to 100 units throughout the Chicago-Land area.
Amenities
Emergency Services
Yes
Free Estimates
Yes
Accepted Payment Methods
- CreditCard
Reviews
3.36 Reviews
| Number of Stars | Image of Distribution | Number of Ratings |
|---|---|---|
| 50% | ||
| 0% | ||
| 0% | ||
| 33% | ||
| 17% |
Showing 1-6 of 6 reviews
SABRINA Y.
Nov 2017
Dont use these idiots
Steve S.
Jun 2017
IT TOOK THEM A WHILE BUT THEN THE WEATHER WAS ALSO INVOLVED. IT CAUSED DELAY IN GETTING THE JOB DONE. WHILE DOING THE REPAIRS ADDITIONAL SIDING HAD TO BE FIXED AS WELL AND THEY DID IT AT THAT TIME.
Steve S.
Feb 2015
unknown
Daniel A.
Aug 2014
It was a so so experience. The problem I had with them is like you know they were managing my property and they were very good at creating a filed with purchase order to repair whatever it was. And at the end of the month there was no cash flow on anyone of my building. So the purpose of being a property manager is not done well. They are quite organized, they have a software system for the purchase order. Sometimes they are too organized and they don't do the things that needs to be done.
Steve S.
Jul 2014
Although I try to maintain the property there are times when I need additional help. They will do all maintenance needed on the property. For example the home has siding and after a very rainy and windy storm there was some damage done to the siding on the back of the house. When I notified them they gave me an estimate as to the cost of the repair and it was fixed within 2 weeks. The reason it took so long was the weather.
Response from Letts Property Management
"Thank you for your review! We do strive to get repair work done as quickly as possible, but unfortunately we are at the mercy of the unpredictable Chicago weather for certain repairs such as siding. We appreciate your comments and remain committed to handling any property maintenance issues that you may have in the future."
Jesse K.
Jul 2014
Know how to spend money, and not make money for the owner/building. Never was able to make my building profitable in 9 months, even after a fullout rehab prior to having them manage. Not pleased. Maintaiance company gauages as well because they own it. Major conflict of interest.
Response from Letts Property Management
"Thank you for your review. We do apologize that we were not able to make your building profitable in the 9 months that you were with us, but real estate investments can take time to become profitable. We often find that new investors and investors that purchase property that live outside of the area that the property is located in and have never seen their property in person before often have a larger learning curve to how investment property works and the amount of effort, cost, and work that go into managing a property on the South Side of Chicago. Large portions of the rehab work done by an outside contractor were not done correctly and had to be repaired before the building could succeed and become profitable. Our goal is to make every owner as profitable as possible, but there are some scenarios were it can take longer than an owner wishes. We do have our own maintenance staff in house with very competitive pricing, but we do offer every client of ours the opportunity to use an outside maintenance company instead or in addition to, if desired. We do appreciate your comments and will use them to make improvements in our processes and procedures and thank you for the opportunity."
Licensing
State Contractor License Requirements
All statements concerning insurance, licenses, and bonds are informational only, and are self-reported. Since insurance, licenses and bonds can expire and can be cancelled, homeowners should always check such information for themselves. To find more licensing information for your state, visit our Find Licensing Requirements page.
*Contact business to see additional licenses.
FAQ
Letts Property Management is currently rated 3.3 overall out of 5.
Letts Property Management accepts the following forms of payment: CreditCard
Yes, Letts Property Management offers free project estimates.
No, Letts Property Management does not offer eco-friendly accreditations.
No, Letts Property Management does not offer a senior discount.
Yes, Letts Property Management offers emergency services.
No, Letts Property Management does not offer warranties.