DiscoverRealDealChat / Lessons from Real Estate InvestorsProperty Management, Permits & Profits in Chicago | Michael Root
Property Management, Permits & Profits in Chicago | Michael Root

Property Management, Permits & Profits in Chicago | Michael Root

Update: 2025-09-18
Share

Description

Michael Root shares how he builds value in Chicago multifamily, streamlines property management, and uses in-house contracting to boost efficiency.

In this episode of RealDealChat, Jack sits down with Michael Root, co-founder of Root Property Group (RootPG.com), to discuss property management, multifamily acquisitions, and why Chicago remains both a challenging and rewarding market.

Michael shares how his team handles everything from general contracting to property management in-house, which helps reduce costs, improve communication, and streamline renovations.

Key takeaways from this conversation include:

  • Why clear communication is the #1 challenge in property management
  • How in-house contracting saves time & money vs outside vendors
  • The efficiency of paying by the day vs per project
  • Chicago’s red tape & permitting process compared to suburbs
  • The value of mid-market multifamily (9–12 units) alongside 60+ unit developments
  • Two types of value-add strategies: heavy vs light renovations
  • Why Cook County property taxes are the biggest challenge in underwriting deals
  • Technology adoption in property management & leasing tools like ShowMojo


📌 Learn more at RootPG.com


💡 Want help scaling your real estate business with AI and automation?


Schedule your free strategy session today: https://realdealcrew.com


Call to Action:

Learn more at https://realdealcrew.com


Timestamps

00:00 – Intro to Michael Root & Root Property Group

01:00 – From family business to multifamily investor

02:00 – Biggest challenge: clear communication in property management

03:00 – Why they brought contracting in-house

05:00 – Cost savings by paying crews daily

06:00 – Chicago market conditions & pricing challenges

07:00 – Target acquisitions: 9–12 units + ground-up 60 units

08:00 – Navigating Chicago’s red tape vs suburban permitting

09:00 – Technology adoption & efficiency tools

11:00 – RootPG’s buy box explained

12:00 – Value-add strategies: heavy vs light renovations

14:00 – Material choices & design trends over time

15:00 – Market challenges: Cook County property taxes

16:00 – Why Chicago remains a strong market if you know how to operate

17:00 – Rapid fire: lies, advice, books & tools


#RealEstateInvesting #MultifamilyInvesting #PropertyManagement #ChicagoRealEstate #ValueAddInvesting #PassiveIncome #RealDealChat #MichaelRoot #RootPropertyGroup #ForcedAppreciation #GeneralContracting #RealEstateOperations #RealEstateTechnology #ApartmentInvesting #CashFlowInvesting


RealDealCrew.com

We empower real estate investors by optimizing your business processes through customized automation and system integration. From lead management to deal closure, we help you build a scalable and efficient operation. Learn more at RealDealCrew.com

LIKE • SHARE • JOIN • REVIEW


SUPPORT THE SHOW!


Comments 
In Channel
loading
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Property Management, Permits & Profits in Chicago | Michael Root

Property Management, Permits & Profits in Chicago | Michael Root