Towing Vehicles Can Lead to a Lawsuit

A resident's vehicle is a very personal possession. Towing that vehicle can quickly lead to litigation against the Condominium Association. Most property management firms do not want the responsibility of determining if a car is illegally parked and then having to call the towing company.

To legally tow a car in Illinois, you must have detailed parking rules and a contract with a licensed towing firm. The license is issued by the Illinois Commerce Commission.

We recommend that signs be placed prominently throughout the property. The towing company should be "on call" and not "patrol". If you can establish a system where the vehicle owner has warning such as a window sticker stating the vehicle is illegally parked and will be towed, it can significantly reduce the exposure to litigation.

Wolcott Flats I Condominium Association Appoints Prairie Shores Management LLC as Managing Agent

Wolcott Flats I Condominium Association announced today that they have retained vintage property management company Prairie Shores Management LLC to manage their 16 unit condominium building.

Prairie Shores Management is the ideal property manager for Wolcott Flats I as they are the only Chicago property management firm that specializes in vintage property management.

MB Bank Appoints Prairie Shores Management LLC

MB Bank has appointed Prairie Shores Management LLC as managing agent for Glenlake Manor Condominium Association in Chicago. The 9 unit brand new condominium property is situated in the West Rogers Park neighborhood near Peterson Avenue.

Prairie Shores has a long and successful history of REO management for lenders such as MB Bank, Private Bank, The Ravenswood Bank and First Chicago National Bank.