Noah Schatz is the founder of Domu and CEO of Schatz Development. He has vast experience in design-driven developments in downtown Chicago and leasing apartments for operators through his apartment searching platform Domu.
Noah kicks things off by talking about his first development and land banking! He provides insights on the 600 N Fairbanks development; a luxury high-rise condominium tower in Streeterville. Noah shares the process of working with Helmut Jahn, a world-renowned architect who designed 600 N Fairbanks. Noah dives into the benefits of his apartment searching platform Domu and provides tremendous tips on rental listings to get units leased fast! To conclude the episode, Noah shares an optimistic outlook on the Windy City!
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02:12 Housing Provider Tip - Adjust rental prices during the end of leasing season to minimize vacancy.
03:22 Intro to our guest, Noah Schatz!
08:38 Noah’s first development and land banking!
16:24 The value of architecture and design in development.
26:17 Pre-crash market and inception of Domu!
32:50 Benefits of Domu over other platforms.
35:45 Top leasing tips!
49:06 Noah’s outlook on Chicago.
51:15 What is your competitive advantage?
52:50 One piece of advice for new investors.
53:39 What do you do for fun?
54:15 Good book, podcast, or self development activity that you would recommend?
55:13 Local Network Recommendation?
56:04 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: Noah Schatz
Guest Company: Domu Chicago Apartments
Guest Link: https://www.domu.com/
Other Links for show notes:
Andrew Porter (Network Recommendation)
