Episode 163: From Listing Agent to Acquiring and Managing Hundreds of Units on Chicago's Northside with John McGeown

Sep 1, 2022

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Are you looking to learn about acquiring and managing multifamily properties in Chicago's Northside? If so, you'll get great value out of this show!

John starts by talking about his military background and how that has served him in his real estate career. He provides details on managing his first large scale, multifamily property and how that success propelled his growth. John gets granular on rehabbing occupied buildings, the emergence of some northside neighborhoods, and managing tenants. John closes by emphasizing the importance of quality relationships and properties - slow and steady wins the race!

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Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: John McGeown, High Fidelity Property Management

Link: SUCI Ep 124 - Aaron Galvin (Network Recommendation)

Link: Tools Of Titans (Book Recommendation)

Sponsors: Essex Realty Group and Appeal.tax

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Guest Questions

03:00 House Provider Tip: Make sure you are considering debt-to-income ratios when screening tenants!

05:20 Intro to our guest, John McGeown!

07:14 How has John's military background served him in real estate?

08:58 Why did John choose to go into real estate after the military?

11:10 How did John establish an area of focus for his property management business?

16:56 How did John leverage his success on the 45-unit project to propel his growth?

22:04 What are some tips for accurately underwriting rents?

25:51 Where did John start investing?

27:32 John describes the emergence of developed neighborhoods that he's invested in!

29:22 How do you prepare for a renovation of an occupied multi-unit building?

35:43 What are John's plans over the next few years?

Wrap Up Questions

38:15 What is John's competitive advantage?

38:30 One piece of advice for new investors.

38:58 What do you do for fun?

39:50 Good book, podcast, or self development activity that you would recommend?

41:05 Local Network Recommendation?

42:00 How can the listeners learn more about you and provide value to you?

That's our show! Thanks for listening!

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Production House: Flint Stone Media