Decoding Chicago Multifamily: 2023 #1 Rent Growth and #1 Least New Supply w/ Jordan Gottlieb @ Essex Realty
09/20/23 • 57 min
Chicago currently sits #1 in the nation for rent growth in the last 3 quarters and is #1 for least new supply.
“Chicago Posts Top Rent Growth, Outpacing Other Major Markets”
https://product.costar.com/home/news/shared/2106659681
In today’s episode, Drew sits down with Jordan Gottlieb, a seasoned multifamily investment sales broker at Essex Realty to discuss why this is happening and the opportunities and challenges facing the Chicago market both novice and experienced investors should be aware of.
Episode Highlights:
3:01 - Jordan's Introduction and Overview of Chicago's Real Estate Market
11:52 - Why Chicago has the Highest Rent Growth in America
21:17 - The Intricacies of Real Estate Taxes in Chicago
29:28 - The Impact of Domestic Outward Migration
38:12 - Financing Multifamily Properties in Chicago
48:44 - Comparison with the 2008 Financial Crisis
56:20 - Importance of Realistic Property Valuation in a Volatile Market
Want to connect with Jordan?*
Find out more about Essex Realty at their website essexrealtygroup.com/team/jordan-gottlieb/, or reach out to Jordan directly at www.linkedin.com/in/jordangottliebessex/.
Topics Covered:
Chicago's booming rent growth and what's fueling it
The scarcity of incoming supply in the real estate market
The importance of a dependable tax structure
Value-add investing strategies for the Chicago market
Financing multifamily properties: Insights and options
Comparing the current market scenario with the 2008 financial crisis
Being realistic about property valuation in fluctuating markets
--
About The Breneman Blueprint:
Real estate is the most proven way to build wealth. But learning how to invest in real estate is not easy. You need a blueprint from other successful investors. That is what this podcast is all about.
In each episode, join Drew Breneman, a real estate investor who owns more than $200M in property, as he and his guests teach you what you actually need to know to be a successful investor. Whether you are a full-time active investor, a passive investor, close to retiring, just starting out, simply looking for an alternative to the stock market, this podcast is for you.
His company, Breneman Capital, is a private real estate investment management firm specializing in the multifamily property sector. Breneman Capital employs a deliberate investment approach, leveraging data analytics and proprietary technology to generate superior risk-adjusted returns for investors.
Breneman Capital has developed an investment strategy that aims to exploit market inefficiencies and reveal superior risk-adjusted opportunities through comprehensive use of technology and analytics.
Get started today as an investor or learn more at:
https://www.breneman.com
Watch All Episodes On Youtube:
https://www.youtube.com/@brenemanblueprint
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Real Estate Investor Guidebook For Passive Investors:
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Chicago currently sits #1 in the nation for rent growth in the last 3 quarters and is #1 for least new supply.
“Chicago Posts Top Rent Growth, Outpacing Other Major Markets”
https://product.costar.com/home/news/shared/2106659681
In today’s episode, Drew sits down with Jordan Gottlieb, a seasoned multifamily investment sales broker at Essex Realty to discuss why this is happening and the opportunities and challenges facing the Chicago market both novice and experienced investors should be aware of.
Episode Highlights:
3:01 - Jordan's Introduction and Overview of Chicago's Real Estate Market
11:52 - Why Chicago has the Highest Rent Growth in America
21:17 - The Intricacies of Real Estate Taxes in Chicago
29:28 - The Impact of Domestic Outward Migration
38:12 - Financing Multifamily Properties in Chicago
48:44 - Comparison with the 2008 Financial Crisis
56:20 - Importance of Realistic Property Valuation in a Volatile Market
Want to connect with Jordan?*
Find out more about Essex Realty at their website essexrealtygroup.com/team/jordan-gottlieb/, or reach out to Jordan directly at www.linkedin.com/in/jordangottliebessex/.
Topics Covered:
Chicago's booming rent growth and what's fueling it
The scarcity of incoming supply in the real estate market
The importance of a dependable tax structure
Value-add investing strategies for the Chicago market
Financing multifamily properties: Insights and options
Comparing the current market scenario with the 2008 financial crisis
Being realistic about property valuation in fluctuating markets
--
About The Breneman Blueprint:
Real estate is the most proven way to build wealth. But learning how to invest in real estate is not easy. You need a blueprint from other successful investors. That is what this podcast is all about.
In each episode, join Drew Breneman, a real estate investor who owns more than $200M in property, as he and his guests teach you what you actually need to know to be a successful investor. Whether you are a full-time active investor, a passive investor, close to retiring, just starting out, simply looking for an alternative to the stock market, this podcast is for you.
His company, Breneman Capital, is a private real estate investment management firm specializing in the multifamily property sector. Breneman Capital employs a deliberate investment approach, leveraging data analytics and proprietary technology to generate superior risk-adjusted returns for investors.
Breneman Capital has developed an investment strategy that aims to exploit market inefficiencies and reveal superior risk-adjusted opportunities through comprehensive use of technology and analytics.
Get started today as an investor or learn more at:
https://www.breneman.com
Watch All Episodes On Youtube:
https://www.youtube.com/@brenemanblueprint
-- Social Media --
Follow Drew on Social
LinkedIn:
https://www.linkedin.com/in/drewbreneman
Twitter:
https://twitter.com/drewbreneman
Facebook:
https://www.facebook.com/drewb
Instagram:
https://www.instagram.com/drewbreneman
Breneman Blueprint on Social
Facebook:
https://www.facebook.com/profile.php?id=100088350404003
Instagram:
https://www.instagram.com/brenemanblueprint
TikTok:
https://www.tiktok.com/@brenemanblueprint
Breneman Capital on Social
LinkedIn:
https://www.linkedin.com/company/brenemancapital
Twitter:
https://www.twitter.com/brenemancapital
Facebook:
https://www.facebook.com/profile.php?id=100084325985153
Instagram:
https://www.instagram.com/brenemancapital
Real Estate Investor Guidebook For Passive Investors:
https://www.breneman.com/downloads
Previous Episode
AI-Driven Transformation: Marc Rutzen on the Future of Real Estate
Join Drew as he engages in a fascinating conversation with Marc Rutzen, CEO and Co-founder of HelloData, on the latest episode of Breneman Blueprint Podcast 🎧🏢.
Marc dives into the transformative power of AI in the real estate industry, offering valuable insights on how AI can revolutionize everything from pricing to property management. They delve into the intricacies of HelloData’s innovative products like RentSource and LiquidRent, and discuss how AI could lead to less speculation and more data-driven decisions in real estate.
With a background in real estate, Marc's perspective provides a unique look at how AI could be the future of property investment and management. Whether you're a seasoned real estate investor or just getting started, this episode offers crucial insights into the AI-driven future of real estate.
Reach out to Marc via email or connect on LinkedIn for more AI-driven real estate insights.
--
About The Breneman Blueprint:
Real estate is the most proven way to build wealth. But learning how to invest in real estate is not easy. You need a blueprint from other successful investors. That is what this podcast is all about.
In each episode, join Drew Breneman, a real estate investor who owns more than $200M in property, as he and his guests teach you what you actually need to know to be a successful investor. Whether you are a full-time active investor, a passive investor, close to retiring, just starting out, simply looking for an alternative to the stock market, this podcast is for you.
His company, Breneman Capital, is a private real estate investment management firm specializing in the multifamily property sector. Breneman Capital employs a deliberate investment approach, leveraging data analytics and proprietary technology to generate superior risk-adjusted returns for investors.
Breneman Capital has developed an investment strategy that aims to exploit market inefficiencies and reveal superior risk-adjusted opportunities through comprehensive use of technology and analytics.
Get started today as an investor or learn more at:
https://www.breneman.com
Watch All Episodes On Youtube:
/ @brenemanblueprint
-- Social Media --
Follow Drew on Social
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Breneman Blueprint on Social
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Breneman Capital on Social
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Next Episode
Real Estate Crowdfunding w/ Adam Gower
In this exciting episode, Drew and Adam dive into the world of real estate investment with a focus on investor outreach strategies—so listen up and take some notes.
From multifamily investing nuances to successful marketing tactics, Adam Gower, a 30-year real estate veteran and proud founder of GowerCrowd shares his journey, blunders, and triumphs, offering a wealth of knowledge for both active and passive investors.
Episode Highlights:
3:01 - Adam's Real Estate Origin Story and Investment Approach
21:26 - Mastering Capital Raising Best Practices
27:54 - Newsletter Frequency and Investor Updates
42:52 - Types of Content to Put Out and Driving Traffic to Your Website
50:35 - Re-engagement Campaign for Cold Email Lists
57:11 - Structuring an Effective Social Media Approach
Want to connect with Adam? Visit his website: https://gowercrowd.com/ and subscribe to their amazing newsletter or send him an email at [email protected]
--
About The Breneman Blueprint:
Real estate is the most proven way to build wealth. But learning how to invest in real estate is not easy. You need a blueprint from other successful investors. That is what this podcast is all about.
In each episode, join Drew Breneman, a real estate investor who owns more than $200M in property, as he and his guests teach you what you actually need to know to be a successful investor. Whether you are a full-time active investor, a passive investor, close to retiring, just starting out, simply looking for an alternative to the stock market, this podcast is for you.
His company, Breneman Capital, is a private real estate investment management firm specializing in the multifamily property sector. Breneman Capital employs a deliberate investment approach, leveraging data analytics and proprietary technology to generate superior risk-adjusted returns for investors.
Breneman Capital has developed an investment strategy that aims to exploit market inefficiencies and reveal superior risk-adjusted opportunities through comprehensive use of technology and analytics.
Get started today as an investor or learn more at:
Watch All Episodes On Youtube:
https://www.youtube.com/@brenemanblueprint
-- Social Media --
Follow Drew on Social
LinkedIn:
https://www.linkedin.com/in/drewbreneman
Twitter:
https://twitter.com/drewbreneman
Facebook:
https://www.facebook.com/drewb
Instagram:
https://www.instagram.com/drewbreneman
Breneman Blueprint on Social
Facebook:
https://www.facebook.com/profile.php?id=100088350404003
Instagram:
https://www.instagram.com/brenemanblueprint
TikTok:
https://www.tiktok.com/@brenemanblueprint
Breneman Capital on Social
LinkedIn:
https://www.linkedin.com/company/brenemancapital
Twitter:
https://www.twitter.com/brenemancapital
Facebook:
https://www.facebook.com/profile.php?id=100084325985153
Instagram:
https://www.instagram.com/brenemancapital
Real Estate Investor Guidebook For Passive Investors:
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