Ep 5. The Bungalow Kings

Real estate mogul Sean Conlon returns to Chicago for season 2 of The Deed, his hit CNBC show that follows him as he invests in and helps struggling property owners in the Windy City. In episode 5, titled "The Bungalow Kings," Sean meets with a pair of brothers who are trying to make it big in the rental market.

James and Nick are Chicago natives who have been flipping houses for several years. They've made a good amount of money and have a solid reputation in the industry, but they're looking to take their business to the next level. They've purchased a bungalow in a desirable neighborhood and plan to renovate it to increase its value and turn it into a rental property.

Sean is impressed with the potential of the property, but he's concerned about James and Nick's lack of experience in the rental market. He knows that it's not easy to manage rental properties, and he worries that the brothers may be in over their heads. However, Sean sees potential in them and their business, and he's willing to give them a chance.

Sean offers James and Nick a $350,000 investment, but he makes it clear that the money comes with strings attached. He'll only give them the money if they agree to a number of conditions, including hiring a property management company to handle the day-to-day operations of the rental property. He also asks them to create a detailed business plan that outlines their long-term goals and strategies for success.

James and Nick are hesitant to agree to Sean's demands, but they ultimately decide to take the deal. They know that they need the investment to take their business to the next level, and they're willing to do whatever it takes to make the deal work.

As the renovation process begins, James and Nick run into a few unexpected issues. They discover that the roof needs to be completely replaced, which will cost them more money than they had anticipated. They also struggle to find a reliable contractor who can get the job done on time and within budget.

Sean steps in to offer guidance and support, and he works with James and Nick to help them navigate the challenges they're facing. Together, they come up with solutions that allow the renovation to continue on schedule, and they ultimately succeed in transforming the bungalow into a beautiful, modern rental property.

Throughout the episode, viewers get to see the ups and downs of the renovation process, as well as the challenges that come with managing a rental property. They also get an inside look at the dynamic between Sean and the brothers, as they work together to make their dreams a reality.

In the end, James and Nick are able to turn a profit on their investment, and they're grateful for the guidance and support they received from Sean along the way. The episode ends on a high note, with James and Nick feeling confident in their abilities to continue building their business and succeed in the competitive Chicago real estate market.