Andy Ahitow, Co-Founder of City Pads and 25-year real estate veteran, joins us to share his journey from building and selling a leasing business to becoming a successful multifamily developer!
Andy starts by explaining how he got into apartment leasing, built a leasing company, and his reasoning for eventually selling his original company. He breaks down his first development deal and gets into top lessons learned from various development projects! Andy provides tactical insights on apartment amenities and features with high ROI and others that may not be worth the added expense. He closes with his take on Chicago Zoning policy and modifications that can be made to promote development and bring much needed housing supply!
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01:38 Housing Provider Tip - Understand when toilet issues are considered emergency work orders!
02:51 Intro to our guest, Andy Ahitow!
08:52 Insights from growing and selling a leasing company.
11:20 Andy’s first redevelopment deal!
17:18 Lessons learned from challenging deals.
26:48 Navigating partnership splits and starting new ventures.
34:44 High ROI apartment amenities and features!
42:47 Assessing supply and zoning across various neighborhoods
54:29 What’s your competitive advantage?
54:47 One piece of advice for new investors.
55:17 What do you do for fun?
55:49 Good book, podcast, or self development activity that you would recommend?
56:20 Local Network Recommendation.
56:57 How can 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: Andy Ahitow
Guest Company: City Pads
Guest Link: https://www.citypadsre.com/
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