Michelle starts by explaining both Chicago’s RLTO and Cook County’s RTLO, and the differences between the two ordinances. She gets granular on disclosures required from Housing Providers to remain in compliance with the ordinance(s) and breaks down security deposits and move-in fees. Michelle dives deep on the eviction process and shares resolution tips to aid with landlord-tenant issues. She closes with a 5 year outlook for her team at the Law Center for Better Housing to continue advocating for fair housing!

If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content!

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Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Michelle Gilbert, Law Center for Better Housing (LCBH)

Link: Cook County Legal Aid for Housing and Debt (CCLAHD)

Link: Family Properties (Book Recommendation)

Link: SUCI Ep 42 - Bob Floss

Guest Questions

03:02 Housing Provider Tip - Regularly change your thermostat batteries to eliminate easy “No Heat” issues!

04:26 Intro to our guest, Michelle Gilbert!

05:55 Michelle’s involvement with the Chicago RLTO!

11:45 The Cook County RTLO!

17:52 Security Fee vs Non-Refundable Move-In Fee.

22:53 Properly disclosing exemptions.

30:38 Cook County eviction process.

35:33 How can Housing Providers and Tenants reach resolutions?

41:02 Refining tenant screening criteria to minimize discrimination.

48:08 5 Year Outlook for Michelle at LCBH!

51:37 What is your competitive advantage?

51:58 One piece of advice for new investors.

53:02 What do you do for fun?

54:16 Good book, podcast, or self development activity that you would recommend?

55:10 Local Network Recommendation?

55:46 How can the listeners learn more about you and provide value to you?

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Production House: Flint Stone Media

Copyright of Straight Up Chicago Investor 2024.

Aram Ghazaryan returns to explain how he transitioned from a successful RE broker to a flipper executing over ten profitable flips per year.

Aram starts by discussing his first multifamily investment which was a 7-unit building. He explains his decision to stop being an agent and jump into flipping properties full time. Aram shares tremendous lessons learned from flipping and has great insights on construction and financing. He breaks down his marketing strategy for deal flow to keep the flip projects coming along. Throughout the show, Aram demonstrates that taking action and surrounding yourself with a good construction and financing is the key to success in the flipping game!

If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content!

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Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Aram Ghazaryan, AMG Realty | Follow Aram on Instagram (@AramGRealty)

Link: How to Win Friends and Influence People (Book Recommendation)

Link: The Book on Tax Strategies for Savvy Real Estate Investor

Link: Rudy Minasian (Attorney Referral)

Guest Questions

02:11 Housing Provider Tip - Be aware of landlord-tenant requirements around electric vehicle charging stations.

04:37 Intro to our guest, Aram Ghazaryan!

08:37 Purchasing a 7-unit building for the first time!

12:48 Stopping real estate brokerage to be a full time investor.

27:24 Finding contractors and lessons learned from flips!

30:12 Aram’s mailing campaign strategy!

36:19 Getting caught working without permits.

46:30 Liquidity requirements for flippers.

48:05 Aram’s geographical areas of interest moving forward.

49:47 What is your competitive advantage?

50:07 One piece of advice for new investors.

50:26 What do you do for fun?

51:34 Good book, podcast, or self development activity that you would recommend?

52:16 Local Network Recommendation?

52:43 How can the listeners learn more about you and provide value to you?

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Production House: Flint Stone Media

Copyright of Straight Up Chicago Investor 2024.

What can you cancel a contract for after all contingencies have passed?

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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: StraightUpChicagoInvestor@gmail.com

Guest: Chance Badertscher of Lavelle Law

Link: Build Your Team | Straight Up Chicago Investor Podcast

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Production House: Flint Stone Media

Copyright of Straight Up Chicago Investor 2024.