Episode 76: Big Business Processes Make a Powerful Small Business with Jonathan Klemm
07/15/21 • 44 min
Like many real estate professionals, Jonathan Klemm transitioned from a W-2; what is remarkable about him is his background working with Walsh Construction, which is one of Chicago’s largest construction and contraction companies. Jonathan has taken everything he learned about managing large scale projects and applied it to smaller, investor focused projects. Listen in as Jonathan explains his process, what sets his company apart and how to best position yourself to work with contractors.
Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: [email protected]
Guest: Jonathan Klemm of Quality Builders | Email Jonathan: [email protected] | Email Quality Builders: [email protected]
Sponsor: Pentwater Cabinetry Sponsor: Appeal.taxLink: The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It
Link: Remodeling and Repair - Installation Cost Calculators
Link: The Lean Startup: How Constant Innovation Creates Radically Successful Businesses
Link: Traction: Get a Grip on Your Business eBook: Wickman, Gino: Kindle Store
Link: How to Win Friends and Influence People - Kindle edition by Carnegie, Dale. Self-Help Kindle eBooks
Link: Prashanth Mahakali - Chicago, Illinois, United States | Professional Profile
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Guest Questions
Guest Intro 5:00
Takeaways from working at a large construction company for quality builders? 8:00
Questions to ask when interviewing contractors? 11:20
What’s expected of investors you partner with? 12:50
How does an investor's financing affect your timeline? 17:00
What items can cause a large change in price during the work? 25:00
How do you manage pricing variability? 27:00
How did you move from W-2 to self employed? 28:25
Wrap Up Questions
What’s your competitive advantage? 37:45
Advice for new investors? 38:40
What do you do for fun? 39:15
Self development activity? 39:56
Local network recommendation? 40:45
How can we learn more about you? 41:45
That’s our show, thanks again for tuning in!
If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/.
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Production House: Flint Stone Media
Copyright of Straight Up Chicago Investor 2021.
Like many real estate professionals, Jonathan Klemm transitioned from a W-2; what is remarkable about him is his background working with Walsh Construction, which is one of Chicago’s largest construction and contraction companies. Jonathan has taken everything he learned about managing large scale projects and applied it to smaller, investor focused projects. Listen in as Jonathan explains his process, what sets his company apart and how to best position yourself to work with contractors.
Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: [email protected]
Guest: Jonathan Klemm of Quality Builders | Email Jonathan: [email protected] | Email Quality Builders: [email protected]
Sponsor: Pentwater Cabinetry Sponsor: Appeal.taxLink: The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It
Link: Remodeling and Repair - Installation Cost Calculators
Link: The Lean Startup: How Constant Innovation Creates Radically Successful Businesses
Link: Traction: Get a Grip on Your Business eBook: Wickman, Gino: Kindle Store
Link: How to Win Friends and Influence People - Kindle edition by Carnegie, Dale. Self-Help Kindle eBooks
Link: Prashanth Mahakali - Chicago, Illinois, United States | Professional Profile
-----------------
Guest Questions
Guest Intro 5:00
Takeaways from working at a large construction company for quality builders? 8:00
Questions to ask when interviewing contractors? 11:20
What’s expected of investors you partner with? 12:50
How does an investor's financing affect your timeline? 17:00
What items can cause a large change in price during the work? 25:00
How do you manage pricing variability? 27:00
How did you move from W-2 to self employed? 28:25
Wrap Up Questions
What’s your competitive advantage? 37:45
Advice for new investors? 38:40
What do you do for fun? 39:15
Self development activity? 39:56
Local network recommendation? 40:45
How can we learn more about you? 41:45
That’s our show, thanks again for tuning in!
If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/.
-----------------
Production House: Flint Stone Media
Copyright of Straight Up Chicago Investor 2021.
Previous Episode
Episode 75: Straight Up Tuesday Tip 7 - Rosario Terracciano Answers "What are proactive steps to ensure I'm ready to pull the trigger when the right property presents itself?"
What are proactive steps to ensure I'm ready to pull the trigger when the right property presents itself?
Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: [email protected]
Guest: Rosario Terracciano of Clickinvest
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Production House: Flint Stone Media
Copyright of Straight Up Chicago Investor 2021.
Next Episode
Episode 77: Screening, Operating, And Understanding Chicago’s West Side
Roman Viere manages and operates over 900 apartment units, and the majority of these units are in Austin. Austin is geographically Chicago’s largest neighborhood and offers everything from a 9-hole golf course to struggling store fronts. It takes a hands-on approach to analyze, screen and operate in a neighborhood like Austin, and Roman provides tactical insights and street-level knowledge useful to anyone looking to scale on Chicago’s West Side.
Did you learn something new from this episode? Please share it with a friend and leave us a review!
Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: [email protected]
Guest: Roman Viere from Urban Alternatives
Sponsor: Perry Farella of Prime Lending Sponsor: Appeal.taxLink: Greater Austin Development Association
Link: Neighborhood Building Owners Alliance
Link: Oak Park Regional Housing Center
Link: West Cook Housing Homeownership Services
Link: Am I Being Too Subtle? by Sam Zell
Link: Devil In The White City by Erik Larson
Link: Phillip Moore - Senior Law Officer at CIC
Link: Summer Soiréé
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Guest Questions
Guest Intro 4:45
How did you get started in Austin? 5:16
What are the different pockets of Austin and what can it do for an investor? 7:09
Why are most opportunities on Washington Blvd? 9:14
Why is the cap rate in Austin higher? 9:56
What are red flags when screening C and D class incomes? 14:01
What vacancy factor should I use in Austin? 16:16
What maintenance factor should I use in Austin? 17:25
How do you handle chargebacks? 20:49
What is the price per door right now in Austin? 22:07
How have you adjusted your business based on the economy? 23:53
What is the upside to investing in Austin? 26:27
How have you become a part of the community in Austin? 31:11
What is the minimum amount of doors I need to be successful in Austin? 33:25
Why buy in Blue Island? 39:02
Wrap Up Questions
What’s your competitive advantage? 41:22
Advice for new investors? 42:08
What do you do for fun? 43:24
Self development activity? 44:03
Local network recommendation? 44:58
How can we learn more about you? 45:49
Thanks for tuning into our show!
If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/.
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Production House: Flint Stone Media
Copyright of Straight Up Chicago Investor 2021.
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