Reed Meyer, founder and managing broker at Lease312, shares top tier leasing advice and how connecting with mentors has propelled his real estate journey’s growth at such a young age!
Reed starts off by detailing the process of acquiring his first property; a 3-unit house hack in Logan Square. He talks about purchasing an industrial warehouse and flipping it for double the price in just 45 days! Reed shares golden insights on apartment listing marketing, leasing, and tenant expectations in prime North Side neighborhoods. To conclude, Reed gives a 5 year outlook on his business goals and Chicago’s residential rental market!
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01:56 Housing Provider Tip - Get great pictures, get floor plans, and be responsive to optimize leasing of apartments!
03:15 Intro to our guest, Reed Meyer!
06:45 Reed’s first house hack.
11:37 The nuances of industrial property investing.
16:40 Reed’s transition from corporate to real estate full time!
22:12 Top leasing mistakes by landlords.
29:15 Jumping into a 5-unit house hack!
34:00 Tenant expectations in Lakeview.
40:50 Outlook on the Chicago leasing market and rent growth!
42:52 Reed’s 5 year business outlook.
45:43 What is your competitive advantage?
45:53 One piece of advice for new investors.
46:10 What do you do for fun?
46:54 Good book, podcast, or self development activity that you would recommend?
47:26 Local Network Recommendation?
48:08 How can the listeners learn more about you and provide value to you?
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Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest Name: Reed Meyer
Guest Company: Lease312
Guest Link: https://lease312.com/
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