Episode 42: Understanding Both the Updated RTLO and ADU Ordinance with Bob Floss
In today’s episode, attorney Bob Floss dives further into the current RLTO ordinances and how the proposed ordinance affects investors, landlords, and tenants alike. With so much changing day to day, it can be challenging to keep track of best practice. This is why it’s necessary to have solid legal representation on your team when dealing with tenant issues.
Bob also discusses the new ADU ordinance and how investors can benefit from the current pilot. Listen in and let us know what you think. If you need help managing your tenants, connect with us and make the most out of your investment at https://www.gcrealtyinc.com/.
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Sponsor: GC Realty & Development
Guest: Bob Floss of Floss LawLink: City Council to review revised ADU ordinance to apply in pilot areas only Link: Accessory Dwelling Units (ADU) Supporters in Chicago Link: The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich Link: Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork Link: Brie Schmidt, Managing Broker/Owner Link: North Shore Real Producers - Real Estate Link: Floss Law, LLC
Landlord Tip of the Week 4:20
What does the RTLO look like and how does it impact landlords? 8:45
What are some of the big things that will impact investors in the ordinance? 20:20
What kind of unintended consequences are of risk to the tenant? 23:15
What is proposed regarding the ADU changes? 31:40
How is it different if I’m in an approved ADU zone compared to getting a regular zoning variance? 38:00
Wrap Up Questions
What’s your competitive advantage? 44:42
What is one piece of advice you’d give a new investor? 45:30
What do you do for fun? 47:23
What is a good self development activity you’d recommend? 48:10
Who would you recommend as a quality resource? 49:10
How can we learn more about you? 50:40
That’s our show! Thanks for taking the time to listen and please leave us a 5 star review. Also consider joining our Facebook group at https://www.facebook.com/groups/3265227216848263
Production House: Flint Stone Media
Copyright of Straight Up Chicago Investor 2021.