We welcome Mike Glasser back to inform us on the “Mansion” Tax and other Housing Provider legislative topics!
Mike dives right in by explaining the proposed “Bring Chicago Home” Ordinance (a.k.a. “Mansion” Tax) and its impact on Chicago's economy. He explains the intent of the proposed ordinance and reasoning for why it will end up negatively impacting not only the “rich”, but also Housing Providers, Tenants, and normal Property Owners. Housing Providers will need to increase revenue which primarily comes through rental income to offset increased operating costs that they cannot control. As usual, Mike brings tremendous value and advocacy for Chicago Housing Providers on today’s show.
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02:35 Housing Provider Tip: Be prepared with a checklist when starting ownership or management of a new property.
05:00 Intro to our guest, Mike Glasser.
10:23 Mansion Tax and other upcoming challenges for Housing Providers.
32:20 What can Housing Providers do to prevent the Mansion Tax?
34:34 Evanston’s Landlord and Tenant Ordinance.
41:14 Mike’s advice on how to get involved in Housing Provider Advocacy!
45:21 What is Mike’s competitive advantage?
46:09 One piece of advice for new investors.
47:27 What do you do for fun?
47:44 Good book, podcast, or self development activity that you would recommend?
48:40 Local Network Recommendation?
49:41 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: Mike Glasser
Guest Company: Neighborhood Building Owners Alliance (NBOA)
Guest Link: https://nboachicago.com/
Other Links for show notes:
Michael Zink (Network Referral)
Show Sponsors:
