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Corey Oliver, CEO of Strength in Management, is back three years later to share additional insights on managing in C/D neighborhoods.
Corey starts by discussing recent compression of cap rates and investment financials in Chicago C/D class neighborhoods. He gets granular on the process for placing and managing CHA tenants. Corey breaks down how he sets investment return expectations for out of state investors looking to invest in lower income neighborhoods. Corey closes with exciting news about his upcoming development project which includes city grants and tax credits!
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02:38 Housing Provider Tip - Understand the risks of hydro-jetting old sewer lines!
04:07 Intro to our guest, Corey Oliver!
09:49 Cap rates and expense ratios in challenging neighborhoods!
15:16 Rent increase on subsidized housing tenants.
17:55 Managing CHA tenants.
32:00 Setting expectations on C/D class investments!
42:18 Corey’s upcoming development project!
61:21 What is your competitive advantage?
61:37 One piece of advice for new investors.
62:02 What do you do for fun?
62:43 Good book, podcast, or self development activity that you would recommend?
63:48 Local Network Recommendation?
64:08 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: Corey Oliver
Guest Company: Strength in Management
Guest Link: https://www.linkedin.com/in/corey-oliver-mba-09408912
Other Links for show notes:
