Episode 160: Comparing Chicago To Several Midwest Markets with Brian Kochendorfer

Aug 18, 2022

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Brian Kochendorfer returns to the show after 2 years! This time around Brian provides an objective analysis on how his investment properties in Indiana and Ohio compared to his Chicago portfolio.

Brian kicks things off by sharing his investment parameters and how he ended up pursuing opportunities in Ohio and Indiana in addition to Chicago. He dives deep into the nuances of acquiring, repositioning, and managing assets in those other markets. Brian speaks to differences in tenant expectations, rent growth, taxes, and cap rates in NW Indiana, Indianapolis, and Cincinnati compared to Chicago! This show is filled with great insight on the current state of the market, identifying opportunities given buyer/seller sentiment, and why Chicago is a great place to invest in even with all the headwinds!

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Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Brian Kochendorfer, Essex Realty Group

Link: Arc Equity Group

Link: SUCI Episode 14 - Brian Kochendorfer (1st Episode)

Link: SUCI Episode 151 - Fritz Kaegi

Link: Kevin Claffy (Network Recommendation)

Sponsors: State Farm and Essex Realty Group

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Guest Questions

03:15 House Provider Tip: Add lighting to your properties for added, cost-effective security!

04:55 Intro to our guest, Brian Kochendorfer!

06:41 How did Brian make the jump from being a broker to investing?

07:28 What were the parameters in Brian's investment property search when he started off?

10:11 Brian talks about key differences between Chicago and the other markets he's invested in (i.e. NW Indiana, Indianapolis, Cincinnati).

16:33 Are the higher returns worth it given the headwinds in Chicago?

18:07 How does the building stock differ between Chicago and the other markets Brian has invested in?

21:28 What would Brian have done differently on his Cincinnati project?

22:11 How do the landlord-tenant laws in those other markets compare to Chicago?

28:30 Brian compares expectations in Chicago vs NW Indiana and Cincinnati.

32:10 What is Brian's macro-level outlook on Chicago?

34:14 How is Brian approaching acquisitions given the market conditions?

37:15 Brian shares the sentiment he's seeing from buyers and sellers today and the opportunities that could bring.

Wrap Up Questions

44:47 What is Brian's competitive advantage?

45:25 One piece of advice for new investors.

45:53 What do you do for fun?

46:43 Good book, podcast, or self-development activity that you would recommend?

47:08 Local Network Recommendation?

48:05 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