In this episode of the Construction Cowboy Show, host Jeff Williams speaks with Andrew Preze, a seasoned real estate agent and property manager in the Chicago suburbs. They discuss the intricacies of property management, the differences between suburban and city properties, common issues faced by landlords, and the importance of reliable vendors. Andrew shares insights on the challenges of managing properties, the impact of market trends, and offers advice for first-time buyers and investors. The conversation emphasizes the need for proper maintenance, understanding regulations, and the evolving landscape of real estate investment.

Takeaways:

• Andrew Preze has 25 years of experience in real estate.
• Managing properties involves dealing with emergencies and tenant issues.
• Suburban properties have different management challenges compared to city properties.
• HVAC issues are often neglected by property owners until it's too late.
• Young investors are increasingly entering the real estate market.
• New property owners often make mistakes in tenant selection.
• Reliable vendors can save money in the long run despite higher upfront costs.
• Preventative maintenance is crucial for property longevity.
• Understanding local regulations is essential for property management.
• The real estate market is expected to correct itself in the coming years.

Chapters

Introduction to the Construction Cowboy Show

Meet Andrew Preece: Real Estate Expert

Challenges Faced by Property Owners

Differences in Managing Suburban vs. City Properties

Common Maintenance Issues and Owner Neglect

Managing Emergency Repairs and Vendor Relationships

Navigating Government Regulations and Owner Involvement

Balancing Work and Personal Life in Property Management

Technology and Communication with Clients

The Rise of Young Investors in Real Estate

Common Mistakes Made by Property Owners

Managing Costs and Material Expenses

Preventative Maintenance Strategies for Property Owners

Advising Clients on Property Purchases

The Importance of Reliable Vendors

Future Trends in the Real Estate Market

Utility Costs and Their Impact on Renters

Spring Maintenance Tips for Property Owners

Final Advice for First-Time Property Owners

Connect with Jeff:                            

Contact: (307) 372-9052 O.(630) 973-6481 D.

Website: www.merchantcommodites.co

Email: [email protected]

Email: [email protected]

LinkedIn:  https://www.linkedin.com/in/jeff-williams-merchant-commodities/

Facebook: https://www.facebook.com/profile.php?id=61559698873942

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This Podcast is proudly sponsored by Merchant Commodities – www.merchantcommodities.co

Your "Builders Material Wholesale Supplier"

If you need help or just advice with any business or construction topic you can book a meeting with me here on this Calendly Link-https://calendly.com/jeff-merchantcommodities/30min

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