Max Motew, Director of Leasing at Mo2 Properties, joins us to share great insights on acquiring, renovating, and stabilizing small multifamily properties in Chicago's north side!
Max jumps right in by sharing top considerations when renovating Chicago landmarked properties! He talks about the importance of knowing your market to accurately project rents and pro-formas. Max gets granular on leasing including tips for screening out fraudulent applicants and best marketing practices. Throughout the episode, Max emphasizes the importance of having great relationships with tenants and being an expert in your geographical area of focus as keys to success!
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Guests: Max Motew, Mo2 Properties
Link: Max's LinkedIn
Link: SUCI Ep 372 - Kevin Schnell
Link: Neighborhood Building Owner's Alliance - Chicago
Guest Questions
02:05 Housing Provider Tip - Take action and jump into real estate!
03:23 Intro to our guest, Max Motew!
07:10 Considerations on landmarked buildings.
14:04 Making deals "pencil" in today's market.
23:36 Projecting rents and pro-formas!
32:55 Optimizing lease renewals.
43:15 Common leasing mistakes to avoid!
50:08 Screening best practices.
55:57 Up and coming Chicago neighborhoods!
61:18 What is your competitive advantage?
62:25 One piece of advice for new investors.
62:48 What do you do for fun?
63:30 Good book, podcast, or self development activity that you would recommend?
64:09 Local Network Recommendation?
64:37 How can the listeners learn more about you and provide value to you?
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Production House: Flint Stone Media
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