In this episode of The Same Day Podcast, Yoni Schmidt chats with Jason Marcordes, Founder and Managing Broker at Landmark Property Management, to discuss scaling property management in Chicago. Jason explores defining your ideal client, tackling market-specific challenges, and building effective systems. He also touches on pricing strategies, partner networks, and leadership lessons for growing a resilient business.
Scaling Property Management in Chicago With Jason Marcordes
Jason Marcordes is the Founder and Managing Broker at Landmark Property Management, a full‑service Chicago-based property management firm that provides expert leasing, tenant screening, maintenance coordination, rent collection, and financial reporting for landlords and investors. Jason launched the business in 2014 and transitioned to full‑time leadership in 2018, building the company around disciplined systems and local market expertise. Landmark has established a strong reputation serving the Chicagoland area. Across his career in property management, he has overseen thousands of residential and commercial units.
Here’s a glimpse of what you’ll learn:
- [03:41] Jason Marcordes explains the dangers of relying on one “big fish” client and how that can stall sustainable growth
- [06:19] The biggest challenges of scaling in property management aren’t doors but systems and people
- [08:11] How tripling pricing transformed Jason’s business overnight by aligning value with the right clients
- [11:37] Unique opportunities and risks in the Chicago rental market, including long eviction timelines and complex tenant laws
- [18:06] Tips on detecting and preventing tenant fraud today, from identity checks to income verification tools
- [23:10] Top mistakes new property managers make every time, like underpricing and skipping proper documentation
- [24:27] Jason shares lessons from building Windy City HVAC repair and his approach to scaling, leadership, and future growth
In this episode…
Property management may seem like a numbers game of doors and rents, but the real challenge lies in scaling effectively while maintaining quality. Growth is not just about adding more units; it’s about building sustainable systems that support both clients and staff. How can property managers navigate these complexities while ensuring their business thrives long term?
As a seasoned property management expert, Jason Marcordes emphasizes the importance of defining your ideal client and documenting every process. He notes that understanding local market intricacies, like tenant laws and eviction timelines, can prevent costly mistakes and protect investors. Jason also highlights the value of strategic pricing and leveraging trusted partners to handle leads outside your portfolio. These insights show that sustainable growth comes from preparation, focus, and disciplined operational practices.
Resources mentioned in this episode:
- Yonatan Schmidt on LinkedIn
- Mat Zalk on LinkedIn
- Keyrenter Property Management
- Keyrenter Property Management in Tulsa | Oklahoma City | Arkansas
- Keyrenter Property Management email address: [email protected]
- Jason Marcordes on LinkedIn
- Landmark Property Management
- “How Semi-Passive Franchising Builds Cash Flow and Equity With Bob Bernotas” on The Same Day Podcast
- “Revitalizing Communities Through Multi-Concept Restaurant Development” with Elliot Nelson on The Same Day Podcast
- “Breaking Down the Barriers of International Real Estate Investing With Yuval Golan” on The Same Day Podcast
- Marc Cunningham on LinkedIn
- Obligo
- Rhino
- The Guarantors
- Verifast
- Findigs
- Tony Cline on LinkedIn
- Daniel Craig on LinkedIn
- Brad L. Larsen on LinkedIn
- Entrepreneurs’ Organization (EO)
- The Ed Mylett Show
- Alex Hormozi on LinkedIn
- David Goggins
- Real AF Podcast with Andy Frisella
- The Jocko Podcast
Quotable Moments
- “I think there’s always a need for good property managers.”
- “So you really gotta nail the tenant screening process for sure.”
- “So either you know what you’re doing, or you find the right partners.”
- “You want to hone in on your ideal client very early on in the process, and you want to pursue those.”
- “Things take time and… hard work and just showing up every day, and ultramarathons are all about just enduring.”
Action Steps
- Define your ideal client early: Knowing who you want to serve helps you avoid taking on difficult properties, owners, or tenants that can slow growth and create unnecessary churn.
- Document every process from the start: Clear systems make it easier to train, delegate, and scale before the business becomes too busy and stressful to manage.
- Strengthen your tenant screening process: In markets with fraud risks and long eviction processes, careful screening protects owners, teams, and the overall business.
- Build relationships with coaches and industry experts: Getting guidance from people who have already solved similar problems can shorten the learning curve and prevent costly mistakes.
- Stay focused when new opportunities appear: Avoiding shiny objects and concentrating on what makes your company unique helps create sustainable growth instead of scattered expansion.
Sponsor for this episode…
This episode is brought to you by Keyrenter Property Management.
Keyrenter Property Management is a full-service property management company that helps clients buy, renovate, and operate real estate assets.
The team helps clients build wealth while taking the headache out of property management.
That’s why, no matter what rental you have — single-family homes, condos, townhomes, or apartments — they can give you the management solutions you need.
To learn more about their services, go to https://keyrenterpmc.com/ or send them an email at [email protected].
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Episode Transcript
Intro 00:04
Welcome to The Same Day Podcast, where we discuss driving incremental business growth and other topics related to real estate, property management, and entrepreneurship. Now to the show at hand.
Yonatan Schmidt 00:20
Hi there. Yoni Schmidt here, hosting today’s episode of The Same Day Podcast, where we connect with top business leaders, entrepreneurs, and real estate investors. Some of our past guests include Bob Bernotas from Franchise With Bob, Elliot Nelson, an entrepreneur and restaurateur, Yuval Golan, the CEO of Waltz, and many, many more.
Today’s episode is brought to you by Keyrenter Property Management. At Keyrenter Property Management, we are a full service property management company helping our clients buy, renovate and operate real estate assets. We help our clients build wealth while taking the headache out of owning real estate. That’s why no matter what rental you have single family homes, condos, townhouses, apartments. We have the management solutions that you need. Go to keyrenterpmc.com or email us at [email protected].
Today’s guest is Jason Marcordes, Founder and Managing Broker of Landmark Property Management, one of the fastest growing property management companies in the Midwest. Since launching Landmark in 2014 and going full time in 2018, Jason has built an impressive operation and has personally managed more than 5000 residential and commercial commercial units. Beyond business, Jason is an ultramarathon runner, world traveler, and devoted husband and father. And today, we’re diving into the realities of scaling a property management company. What makes the Chicago market unique, and what advice he would give to entrepreneurs looking to launch and grow their own property management businesses. Jason, thank you for being here and welcome.
Jason Marcordes 01:57
Thanks for having me.
Yonatan Schmidt 01:59
Let’s, I guess, dive right in. Building Landmark Property Management. Right. You take us back to 2014. What inspired you to launch Landmark and what gave you the confidence to, you know, strike out on your own?
Jason Marcordes 02:13
I did not have the confidence to strike out on my own. So that’s why from 2014, I started the business. In 2018, I went full time. So I was a bit of a chicken there for a while. So I started in 2014 as a kind of a side hustle.
I started flipping homes and I started managing rental properties for just family and friends. So a very small portfolio and then, you know, just built that up slowly. In 2018, I got a call from a fund out of California. They had 326 units that they wanted me to manage. So that was like the safety and security.
I’m very conservative, not your typical visionary entrepreneur, but that was the safety and security to know that, hey, even if you know, if things go bad, there’s one client alone could pay, you know, my salary and a couple other team members. So that was kind of the catalyst to branch out and, you know, do it full time for myself.
Yonatan Schmidt 03:12
And weren’t you concerned, I guess, with that one client, you know, I like to call them Bill the big Fish. In the words of Marc Cunningham from Grace Property Management, I don’t know if you’ve watched his YouTube videos, but you know, the fluctuation in door count, right? Could be so severe when you have one client who has such a huge concentration, have that passed through your mind when you were saying, okay, I’m going to strike out on my own and do this.
Jason Marcordes 03:41
No, okay. You don’t know what you don’t know. And I’ll tell you what, back in 2018, I knew how to manage property pretty well. I didn’t know a darn thing about how to run a business. And it’s funny.
So when I did start, Marc was my first coach and he actually fast forward one year, he walked me through firing that client. So I learned about customer concentration when I had to fire 80% of my business. Wow. But yeah, obviously looking at that today through the same lens. Absolutely.
You know, even today, I would be like, that’s a lot of units. I don’t think we can, we can handle that. But you know, my perspective back then was like, hey, if I can keep this one client happy, yeah, I’m good to go. Not, you know, in a pure business sense, not a good perspective. But I did somehow.
Yeah.
Yonatan Schmidt 04:35
Yeah. Marc’s approach, you know, he says he calls them Bill the big fish. And that person tries to change everything about your business and about how you’re doing things. So I guess lesson learned and I’ve learned that lesson to myself. Tell me, I guess, and tell our listeners, at what point did you realize, you know, Landmark had become something truly special.
Jason Marcordes 04:58
This. This was years later. This was probably, I don’t know, we’ve been in business for eight years, so probably not until year 4 or 5. We had churn through a lot of the, the, the first customers we had, which were like C and D class assets. And I think it all just came back to feedback.
We were getting some really positive feedback from not only our owner clients, but also our tenants, our vendors, and really our team. And that’s when I started to think, wow, like we, we really have something special here. I, you know, suffer like, like most, most entrepreneurs from imposter syndrome. And I would always like think, man, when, when is this? When is the music going to stop?
Like, you know, when are they going to figure out, I don’t know what the heck I’m doing. But, you know, that was kind of the turning point where I’m like, Holy crap. Like, you know, maybe we’re on to something. Maybe we, we truly do have something that’s, that’s special and something that’s going to, you know, endure.
Yonatan Schmidt 05:59
Yeah, yeah. It’s hard to overcome imposter syndrome sometime. I can relate. Let’s talk, I guess, a little bit about scaling challenges and growth, right? Which I’m sure you’ve experienced.
Sure. Every fast growing company experiences growing pains. What were some of the most difficult challenges that you faced while scaling?
Jason Marcordes 06:19
A couple of things. So just on the sales side, number one, so Chicago is very kind of block by block. And our number one lead source is SEO. So we get a ton of leads from just Google searches, but about 80% of our leads are not in areas that we manage. So that’s been a real struggle, is just finding high quality leads with our ideal customer in neighborhoods that we manage.
The other thing is just. Property management in general is very system and process heavy, which is I’m fine with like, that’s kind of my strength. I’m an analyst or analyzer profile. So I like to look at things and, and kind of investigate and tinker and, and build processes. But, you know, the whole experience is not just the sum of all those processes.
You can’t just kill it on, on a bunch of different processes and expect like the experience to be positive. So it’s like looking beyond those individual processes, tying everything together to make sure that, you know, you have smooth handoffs and an owner that’s being onboarded till, you know, the day he sells the property, hopefully, you know, eight years later, like, how has that full experience been? And that’s been a real struggle because, you know, property management in general, like what we do, that scope of, of work is so wide and there’s so many things that we touch like that I think has been the biggest struggle.
Yonatan Schmidt 07:54
Yeah. Was there a point you felt overwhelmed by, you know, the complexity of this business? Like you said, it’s so system and process heavy, you know, how did you push through that moment of, you know, feeling overwhelmed?
Jason Marcordes 08:11
I would say there’s been many moments like that. Again, property management, especially in Chicago, the, the, the one moment that comes to mind, probably back in like 2019, late 2019, so early, early on in the business. And I wasn’t sure that this was for me. You know, I got to a point and I, I distinctly remember sitting there with a friend and he’s an entrepreneur, he’s a successful guy himself. And he was just, you know, asking me questions and making me rethink the business model, the revenue model.
And it took some time. Took Marc Cunningham, you know, holding my hand and a couple other different coaches and stuff. But we kind of pivoted on who our ideal client was. And we also we probably tripled our pricing or at least the revenue per unit, the IPU. Yeah.
Since then, and that has been like the biggest, you know, biggest difference maker.
Yonatan Schmidt 09:16
Yeah. You mentioned earlier, you know, you were getting a ton of leads and Chicago being such a block by block City. Some blocks you’ll manage, some blocks you won’t. What do you do with those leads that you know you’re saying I can’t I’m sorry I can’t help you in this block. Right?
Do you have partners that you refer them out to who deal with more complex situations and more difficult areas? Do you let them go to waste? What does that look like?
Jason Marcordes 09:44
We definitely don’t. Don’t let them go to waste or we try not to. I don’t think that helps anybody. We want to make sure whether you end up being a client or customer of ours or not, we want to provide value. We want to help you.
So we try to place every single lead that comes in with somebody who can help them. Depending on their situation, depending on, you know, what area, what asset class, all that type of type of stuff. We do try to place those for sure.
Yonatan Schmidt 10:12
Yeah. And looking back at, you know, the since you started. Right. What, what were the mistakes that you made that taught you the most? Would you, you know, if you could restart, would you dive right in in 2014 without actually, you know, waiting those four years?
Jason Marcordes 10:31
Yeah, I, I, I would say, you know, in specifically in regards to that, I would have always wanted to start sooner, that’s for sure. I definitely think, you know, I wish I could have went back and really zeroed in or honed in on our ideal client. That would have definitely saved years of of trouble. We onboarded a lot of, you know, a lot of owners, a lot of properties, a lot of tenants that we later terminated and had to offboard. So it’s a lot of work.
And yeah, just, just kind of trying to envision like what you want out of the business and reverse engineer that and not just taking everything and anything that comes your way.
Yonatan Schmidt 11:20
Let’s, I guess, talk a little bit about Chicago property management, the market in Chicago. I love, love Chicago, love the Windy City. It’s one of the largest and, you know, most competitive real estate markets in the country. How do you describe the opportunity there today?
Jason Marcordes 11:37
There’s definitely a lot of opportunity here. You know, as far as like affordability and cash flow, when you compare it to, you know, New York City and LA, which you can’t make anything cash flow out there. Definitely looks good in a lot of ways. Yet there are a lot of challenges. You know, again, I mentioned neighborhoods, you know, in certain areas, certain pockets.
There’s a lot of crime, you know, in the government here in general, a lot of corruption, a lot of backdoor deals and stuff like that. We have high taxes and we have very tenant friendly legislation. So it’s almost impossible to collect security deposits here. Like none of the professional property managers do. It’s roughly minimum six months to do an eviction in Cook County.
Wow. So you really gotta, you gotta really nail the tenant screening process for sure.
Yonatan Schmidt 12:37
Yeah. So you can’t collect security deposits in Cook County in general or in the state. And what’s the barrier there?
Jason Marcordes 12:47
Yeah. So technically you can. However, the legislation around it is it’s so one sided. There’s so much liability that, you know, no property manager in the city of Chicago does it. So if you or I there’s probably a few, but most the overwhelming majority do not collect security deposits.
There is no right to cure. So if you did not send them their interest, their, you know, couple pennies of interest, they are you’re liable for the security deposit amount plus two x that so. And wow three times the security deposit amount.
Yonatan Schmidt 13:31
Even if you keep it in a non-interest bearing account.
Jason Marcordes 13:33
Yep. You got to pay interest.
Yonatan Schmidt 13:35
Wow. Interesting.
Jason Marcordes 13:36
There’s just all these weird, weird things like, you know, it has to be in a Illinois based bank. They have to have a brick and mortar branch here, which in this day and age, like, who cares? You have to disclose the address of that bank. If you know, if you move it again, it’s like, what are they going to go to the bank and try to pull out their security deposit out of our account? I don’t know.
Yonatan Schmidt 14:00
Yeah.
Jason Marcordes 14:00
Just a lot of goofy stuff that makes it very tough. And, you know, there’s a lot of like public defenders that will gladly take these cases because they know if you did it, if you did that for one tenant and you have 500 units or 1000 units, very likely that they can multiply that suit by 500 or 1000 and, you know.
Yonatan Schmidt 14:20
Wow. So does that also apply to larger apartment complexes? If I’m a tenant, I want to move to Chicago. I’m leasing an apartment at a large apartment complex that’s individually managed. It’s maybe owner operated.
Right. Same applies there. They probably won’t collect a security deposit.
Jason Marcordes 14:38
Yeah. They well, there’s there’s a couple different options. We were doing surety bonds Through, like Obligo or Rhino. Yeah. The Guarantors, I think there’s a couple different companies, but a lot of those have pulled out of our market just because they’ve, you know, they’ve, they’ve been losing their butt on it.
We’ve been doing move in fees for quite a while, but they just passed a law. So as of January 1st, 2027, there needs to be a detailed receipt as far as where that that move in fee is going. It has to be applied towards something. It can’t just be like, hey, we’re collecting 500 bucks just to collect it. It has to be for like hard expenses.
Yonatan Schmidt 15:19
So the junk fees legislation, essentially.
Jason Marcordes 15:24
Yes.
Yonatan Schmidt 15:24
What they call it.
Jason Marcordes 15:25
That is separate. But but yes, that that’s actually included in that. So yeah, now we need to cap our application fees at $50. We can’t charge any kind of lease admin fee. We can’t charge maintenance fees.
We can’t charge renewal fees.
Yonatan Schmidt 15:42
Wow. Yeah. Yeah. Sounds like there’s a lot of legislation that’s kind of like fencing in the business and just the industry as a whole. I back to just like the Chicago property management market.
What would you say, I guess? Is it a saturated market in property management? Is there room for new operators to succeed? What’s your general sense on the market there?
Jason Marcordes 16:10
I, you know, I think there’s plenty of property management companies here, but I, you know, there’s definitely room for new operators, high quality operators for sure. Can do well here. But yeah, I mean, I think there’s always a need for, for, for good property managers. When you do the math, it’s like, you know, I manage 0.01% of the rental properties in Chicago. So yeah, yeah, there.
It’s a very big pie that we’re, we’re chopping up here.
Yonatan Schmidt 16:40
Do you see a lot of ma pa, you know, self-managing owners still out and about doing that and managing their own properties.
Jason Marcordes 16:48
Yes, it is mostly that in Chicago. We’ve had a couple we’ve had a couple big franchises or big companies come in. Pretty much all of them have been unsuccessful. We do have a couple of Keyrenter franchises that are doing great.
Yonatan Schmidt 17:02
So yeah.
Jason Marcordes 17:05
Kudos to you guys.
Yonatan Schmidt 17:07
But we don’ own those, though. We don’t operate in Chicago.
Jason Marcordes 17:11
No, I know. But yeah, most of the other big guys they have, they have either came here and left or they’re, you know, they’re floundering a little bit.
Yonatan Schmidt 17:21
Yeah. Aside from what you spoke about most recently, you know, how has other regulation impacted the industry, property managers, investors operating in Chicago, people who are looking to park their money in real estate in the city? What does that look like?
Jason Marcordes 17:37
So again, there’s a lot of opportunity on the investment side, regardless of the legislation, all that. But you just makes it more complex. So you have to choose your, you know, your location. You have to be very, very wise with that. You have to be very tough.
On the tenant screening side, we’re seeing a lot of fraud here. I’m sure you I’m sure you guys.
Yonatan Schmidt 17:57
Yeah. It’s actually it’s prevalent in the industry. What kind of fraud. Let’s lean into that. What is the type of fraud that you’re seeing.
Jason Marcordes 18:06
I mean, you know, mostly around the application side. So we see, you know, fake ID, you know, identities, we see fake pay stubs, we see fake income verification. I mean, fake everything. Yeah.
Yonatan Schmidt 18:20
Someone will put their brother or their cousin or their aunt or uncle, whatever, as the, as the person who would verify their employment. Right. Or. Yeah.
Jason Marcordes 18:30
Yeah, we see that. We also see that like I on Facebook or wherever there are folks who sell packages, you know, for 300 bucks, you can buy everything you need. So a fake ID, fake pay stubs, fake everything and they submit it as a package. Luckily, we have software that we. I don’t know if you want me to mention names, but we have a software that we’re using Verifast for fraud detection.
Been very happy with them. I’ve also heard great things about Findings and some of the other ones. But that has been very helpful because some of the, you know, some of the things that that kind of give it away, give the fraud away are very tiny, just like, even like formatting, you know, between one check stub and the other check stub. Like you can see they’re, they’re not, you know, they’re not perfectly aligned or whatnot. So, but yeah, fraud detection has been big.
And you know, really, if, if you’re not going to do it all yourself, because we have a lot of out of state Investors. It’s just like partnering with the right people. You know, again, a lot of opportunity here. But you have to be you really know what you’re doing to you know, you don’t you don’t rent to the wrong person. You have a six month eviction.
So either you know what you’re doing or you find the right partners.
Yonatan Schmidt 19:58
Yeah. Let’s talk a little bit about, you know, your experience starting a property management company. If someone in the US today could be in Chicago, could be anywhere. Wanted to start a property management company, what advice would you give them?
Jason Marcordes 20:15
I would, you know, I would tell them to think long and hard about that. You know, do you really want to do that? And if you do, that’s great. It can be a great industry for sure. But you just you need to know, like, what is the end goal and what kind of life do you want to live?
Property management. I think building it from the ground up, you are going to be a very busy person for a very long time. Which is fine. Like I personally like, I’m like addicted to getting tasks done. Like I just love crossing things off the to do list.
So property management in a weird way, works really great for me. Yeah. But if you don’t thrive off stress and chaos and, you know, constantly being busy, then it may not be for you. But again, I do think it can be a really great industry. I think there’s a lot of opportunity, especially in places where it’s a little bit easier to manage.
It’s probably less labor intensive and a little bit easier to scale.
Yonatan Schmidt 21:17
Yeah. What’s the single most important thing that a new emerging property manager, entrepreneur, or someone who’s coming into the industry should focus on in their first year?
Jason Marcordes 21:30
Yeah. If I had to.
Yonatan Schmidt 21:32
If you have to do this all over again, what would be the first thing that you’re focusing on?
Jason Marcordes 21:35
Yeah, two things. Number one, document everything. Yeah. So one of the biggest things I see is like people, their, their business, you know, it kind of starts slow and ramps up and you hit a ceiling where you’re, you’re kind of stressed out of your mind, you’re going crazy 60 hours a week, but you can’t hire anybody because everything is up in your head. And you have processes because you’re following them.
But, but, but you just have never get gotten them out of your head and put them on paper. So document everything. So when that time comes, because you’re going to be too busy at that time. So you can hire somebody and you can just delegate that, hand them off, train it, and that’ll be easy or make your life way easier. The second thing is definitely get coaching, get guidance.
There are a handful of really, really good coaches in the property management industry, and they have done so much for me.
Yonatan Schmidt 22:35
Yeah. Love that. Any big shout outs that you’d give aside for Marc Cunningham.
Jason Marcordes 22:40
Yeah. Yeah. I talked about Marc. He was my first coach worked with Tony Cline. He’s been amazing you know in ProfitCoach, probably my favorite vendor of all time.
Yonatan Schmidt 22:53
Daniel and Brad.
Jason Marcordes 22:54
Yep, yep. We work with Gregory. He’s been amazing. So yeah, love love all three of those.
Yonatan Schmidt 23:01
Nice. Love that. What would you say is the biggest mistake a new property management company could make?
Jason Marcordes 23:10
I think again, like thinking that all business is good business. You know, you want to hone in on your ideal client very early on in the process and you want to pursue those. And then, you know, you’re going to get a lot of things coming at you, shiny objects, and you want to make sure that you try to stay focused as much as possible. The second thing I would say is like, identify your USP. Like what makes you unique?
Because like you said, it can be a crowded market. So what makes you unique compared to the other thousand property management companies in the city?
Yonatan Schmidt 23:47
Yeah. You mentioned shiny objects. And, you know, in the world of property management, there are plenty of vertical integration opportunities, right? That they seem shiny. And, you know, you say, okay, well, I’m servicing all these properties.
I can go start a cleaning business or a plumbing business or an Hvac business, right? And you actually went and did a little bit of that and you started Windy City Hvac repair, which I love the name. What led you to launch that business? How is that vertical integration improved your operation, improved the service for your clients and how is it going?
Jason Marcordes 24:27
It’s going it’s, it’s been a, it’s been a learning experience, been a very expensive journey. I probably could have paid for a four year college tuition with what we spent so far, but I have been haunted over the last couple years by, I think it’s a Warren Buffett quote. It’s not about how hard you row, it’s about what boat you’re in. And, you know, property management, while we’ve built a great company, and I’m very proud of the team that has built that, it’s very tough business to scale. And when I think about the road ahead, I struggle to figure out the road map to 20 million.
I’m pretty, pretty confident I can get it to 10 million, maybe 15. And I’m not quite sure about 20. Either way, those milestones are very far out there. It’s I don’t think it’s a business that most people can scale to 10 million within, you know, five or, or, or even ten years. So I was looking for something other than that that can scale a little bit quicker.
I had hired a coach to help build out our maintenance team and he said, yeah, I could definitely help you do that. That’s probably a $2 million opportunity. But what I can also do is he said, I, you know, I took my Hvac company from 1 million to 30 million in five years.
Yonatan Schmidt 25:53
Wow.
Jason Marcordes 25:54
So I can help you do that. And I said, well, I like the 2 million, but the 30 million sounds great. So I ended up building the maintenance team with our internal management team. So we went from one text to seven text within the last year. And then at the same time, I’ve been building Windy City Hvac repair.
Yonatan Schmidt 26:16
Nice. Love that. Let’s talk a little bit about, you know, leadership and personal growth, which seems like something that, you know, you’re very much in tune with. You love as an ultra marathon runner, You clearly embrace endurance and discipline, right? That doesn’t just come easily, I guess.
And, you know, tell us a little bit about how that mindset influenced your approach in the world of, you know, business.
Jason Marcordes 26:44
I think, yeah, it has definitely changed my perspective in a couple different ways. Number one has taught me, I think just patience and, and like long game, you know, I like, I, everything is not instant gratification. Things take time and just, you know, hard work and just showing up every day and ultramarathons are all about just enduring, you know, a lot of pain and, and a lot of adversity. And it’s the same thing with work, you know, just show up every day, work hard. It’s the old chop wood carry water type deal.
And yeah, just, you know, it’s, it’s almost, it’s, it’s crazy the similarities between ultramarathons and life in general, but, you know, also entrepreneurship.
Yonatan Schmidt 27:33
Yeah. Love that. What, what are you doing right now in terms of personal growth and, you know, leadership development for yourself? Who are you listening to? What are you reading?
Would you share a little bit about that with our listeners?
Jason Marcordes 27:47
Yeah. So like you had mentioned, I run a lot. So I have the privilege of listening to a lot of audiobooks and podcasts and all that good stuff. Huge Ed Mylett fan. So he’s one of my top guys.
Alex Hormozi.
Yonatan Schmidt 28:03
Yeah.
Jason Marcordes 28:04
And a couple of, you know, motivational guys, I, I do listen to some, a little bit of Goggins. Andy Frisella. Jocko.
Yonatan Schmidt 28:14
Alex Hormozi big in the Hvac world, right?
Jason Marcordes 28:17
Alex Moses just general business, general business. Yeah, that guy is amazing. He’s younger. I’m 39, he’s like 30, mid 30s. And he’s got like a, I think almost $1 billion portfolio at this point.
Wow. Crazy and wicked smart. But I’m also on the board. So Entrepreneurs’ Organization that’s really helped open my mind and just surround myself with some really intelligent and intelligent operators and just leaders and just kind of help me grow as well.
Yonatan Schmidt 28:54
Love that. Yeah. Our CEO is also part of you. That’s a big commitment. That’s awesome.
Love it. Jason. Well, thank you again so much for, you know, being here with us, educating me, enlightening our listeners about, you know, your journey and what property management businesses in Chicago is all about. It’s a tough business. So if you need property management services, reach out to Jason.
How can our listeners connect with you and tell us a little bit about your ICP, your ideal client profile? What are the owners and investors that you’re looking to work with?
Jason Marcordes 29:28
Yeah, absolutely. We are looking for folks who are looking to invest in multifamily or commercial properties, A and B class assets, and they are truly looking for a trusted expert in the industry. They want to be hands off and they can trust us and they can, you know, lean on our expertise. So you can Google Chicago property management. We are number one company in Chicago for that. So reach out. It’s chicagospropertymanagement.com or just Google Chicago’s property Management. We’ll be there.
Yonatan Schmidt 30:08
Yeah, we’ll put that in the comments section below.
Jason Marcordes 30:12
Cool.
Yonatan Schmidt 30:13
Awesome. Thanks so much.
Outro 30:18
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