Episode 395: Chicago Property Management and Leasing Best Practices with Max Motew

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! If you enjoy today's episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: [email protected] Properties for Sale on the North Side?  We want to buy them. Email: [email protected] Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: GCRealtyInc.com/tenant-placement Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: GCRealtyinc.com ============= 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? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.