Richard Koenig is HODC’s Executive Director and has led the development of over 600 units of affordable housing!

Richard starts with how he found his “Why” and discovering that he wanted to dedicate his career to helping solve the lack of affordable housing. He gets granular on the financing and approval process on these types of developments. Richard compares market rate housing to affordable housing including cost to build and tenant screening. He shares advice on how smaller investors can help contribute to the affordable housing issue and make a positive impact in their community!

If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content!

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Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Richard Koenig, Housing Opportunity Development Corporation (HODC)

Link: SUCI Ep 283 - S.I. Container Builds

Link: Homelessness is a Housing Problem (Book Recommendation)

Guest Questions

01:48 Housing Provider Tip - The legal way around HOA rules about lease terms!

03:47 Intro to our guest, Richard Koenig!

08:15 Financing and tax credits for affordable housing development.

14:32 Guidelines for affordable housing designation.

19:08 Dealing with affordable housing critics.

25:31 The economics of building affordable housing.

31:05 Tenant screening process!

38:53 Contributing to affordable housing as a smaller investor.

44:58 Top challenges for developers.

48:27 Opportunities for improvements to bring more development.

51:39 What is your competitive advantage?

51:55 One piece of advice for new investors.

52:18 What do you do for fun?

52:40 Good book, podcast, or self development activity that you would recommend?

53:09 Local Network Recommendation?

54:07 How can the listeners learn more about you and provide value to you?

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Production House: Flint Stone Media

Copyright of Straight Up Chicago Investor 2025.

Mike Tenerelli not only has a background in Reality TV, but also in construction, management, and sales which have propelled his explosive growth in real estate!

Mike discusses his journey from flipping homes to helping others find the right property. He breaks down analyzing remote markets to find lucrative deals, growing a brokerage business, and adapting to the new NAR rules around buyer’s broker compensation. Mike shares tremendous insights on investment opportunities in prime western burbs and lessons learned from flipping gone wrong!

If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content!

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Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Mike Tenerelli, Exit Real Estate Partners

Link: Mike's Instagram

Link: One Rental at a Time (YouTube Channel)

Link: Lending One (Lender Referral)

Guest Questions

02:27 Housing Provider Tip - Plan accordingly when giving Section 8 tenants notice to vacate!

04:24 Intro to our guest, Mike Tenerelli!

09:18 Becoming a full time investor after 2 flips!

11:42 Learning the Milwaukee market.

20:54 Growing a brokerage business.

24:38 Dealing with new NAR compensation rules.

33:10 The 101 on the Western Burbs!

38:01 Consequences of Flipping Gone Wrong!

42:02 What is your competitive advantage?

42:40 One piece of advice for new investors.

43:28 What do you do for fun?

43:46 Good book, podcast, or self development activity that you would recommend?

44:07 Local Network Recommendation?

44:46 How can the listeners learn more about you and provide value to you?

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Production House: Flint Stone Media

Copyright of Straight Up Chicago Investor 2025.

When Does a 5 Day Notice Become a 30 Day Notice?

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If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content!

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Mark Ainley, Straight Up Chicago Investor Podcast

Link: Enforcing the CARES Act 30-Day Eviction Notice Requirement

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Production House: Flint Stone Media

Copyright of Straight Up Chicago Investor 2025.