Straight Up Chicago Investor Straight Up Chicago Investor

Roman Viere owns and operates over 1000 rentals in Chicago with the bulk of those in the Austin neighborhood. In this episode, he gives a detailed breakdown on a terrifying explosion that occurred at his 35-unit apartment building in Austin. He discusses all things from the day of the incident including arriving at the scene, speaking with the authorities, and handling the press. Roman discusses insurance implications resulting from the explosion, insurance claims, and a 1033 exchange. If things weren’t bad enough, he talks about his million dollar water bill and how he got around that! Despite never planning for explosions and other catastrophic events at your rental properties, these are events that all housing providers should be prepared to handle for the safety and protection of all parties.
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: Roman Viere, Urban Alternatives
Link: SUCI Ep 77 - Roman Viere
Link: The Bomber Mafia (Book Recommendation)
Link: Greg Yearwood (Precision Consulting / 773-852-8246 / gyearwood1@gmail.com / pcllcclaims.com)
Link: Myk Snider (Sphere Public Relations / 312.816-5401 / myk@spherePR.com / SpherePR.com)
Link: Jeff Riechenbach (State Farm / (773) 685-3600 / jeff.reichenbach.vafdml@statefarm.com)

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Guest Questions
02:18 Housing Provider Tip: Be prepared to deal with emergencies at your rental properties!
03:16 Intro to our guest, Roman Viere! 
03:55 The morning of a tragic event.
10:39 Arriving at the scene.
17:04 Being prepared for emergency events at rental properties.
27:55 Reflecting on the day of the incident.
35:57 Tactical items for dealing with an explosion.
43:01 Insurance implications.
60:13 Insurance Coverage and 1033 Exchange.
65:02 Lessons learned from this tragic event.
67:38 What is Roman’s competitive advantage?
68:25 One piece of advice for new investors.
69:10 What do you do for fun?
69:44 Good book, podcast, or self development activity that you would recommend?
70:41 Local Network Recommendation?
71:36 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 2023.

Sal Becovic returns to the show to discuss how he has continued to grow his portfolio despite the challenging market!
Sal jumps right in by sharing his philosophy on acquisitions and being “rate agnostic”. He gives an extremely bullish outlook on Chicago leaving us feeling great about this special city. Sal discusses the ins and outs of his latest and largest acquisition; a 28-story condo building with value-add potential. Throughout the show, Sal emphasizes the importance of establishing solid fundamentals, surrounding yourself with great people, and being a good person; rules of life not just RE investing.
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: Sal Becovic, Becovic Realty
Link: NBOA Chicago
Link: Bloomberg.com
Link: The Economist

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Guest Questions
02:35 Housing Provider Tip: Ideas to make unit turnovers more efficient!
04:10 Intro to our guest, Sal Becovic!
07:31 Being in acquisition mode!
13:57 Being “rate agnostic” in today’s market.
18:52 Sal’s perspective on the Chicago RE market.
23:32 Sal’s latest and largest deal!
37:21 What’s next for Sal?
41:55 Operations and building a team.
47:30 Sal’s closing tips on optimizing your RE portfolio!
51:03 What is Sal’s competitive advantage?
52:35 One piece of advice for new investors.
53:49 What do you do for fun?
54:38 Good book, podcast, or self development activity that you would recommend?
56:23 Local Network Recommendation?
57:34 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 2023.

What are the tax benefits of solar panels and electric vehicles?
Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest: Michael Procaccio, Pro Financial Services Group Inc
Link: Build Your Team | Straight Up Chicago Investor Podcast
Link: Episode 198: 2023 Tax Strategies for Chicagoland Real Estate Investors with Michael Procaccio
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Production House: Flint Stone Media
Copyright of Straight Up Chicago Investor 2023.

Ditron is a seasoned Short-Term Rental (STR) Investor who is teaching others how to get started and maximize profitability with STRs. 
Ditron shares how he got started in real estate and utilized the house hacking and rent-by-the-room strategy. He shares tremendous nuggets on finding good STR markets and typical expenses associated with setting up and running a short-term rental. Ditron gives tips on working with AirBNB, STR expectations, amenities, and FAQs to consider to set yourself up for success. Mid-Term Rentals, STR underwriting, and automation are also discussed on the episode. This show is full of STR jewels of wisdom that you won’t want to miss!
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: Ditron Corker, Roam to Rome Spaces & STR Innovate
Link: Ditron's Meetup
Link: SUCI Ep 143 - Jessica Ryan
Link: Who Not How (Book Recommendation)
Link: Jeff Ma and Eli Goodman Meetup

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Guest Questions
03:10 Housing Provider Tip: Deliver a nicely landscaped property to encourage upkeep!
05:37 Intro to our guest, Ditron Corker!
08:00 Ditron’s first deal!
09:20 Getting into short-term rentals (STRs)!
13:46 Expenses on STRs.
20:07 STR-Specific Features and FAQs!
24:27 Entertainment amenities in STRs.
25:56 Where are STRs allowed?
31:08 Underwriting STRs!
35:34 STRs vs MTRs.
38:55 Automation Systems.
40:50 Lessons Learned!
46:06 Tax Advantages to STRs.
49:22 Ditron’s upcoming conference!
51:49 What is Ditron’s competitive advantage?
52:25 One piece of advice for new STR investors.
53:02 What do you do for fun?
53:24 Good book, podcast, or self development activity that you would recommend?
54:05 Local Network Recommendation?
55:14 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 2023.

Andrew kicks things off by discussing necessary skills to succeed as an entrepreneur in Real Estate. He talks about the value of a building inspection even if the property will be rehabbed. Andrew clears the air on the need for auxiliary inspections such as radon, asbestos, and sewer scopes. Andrew drops golden nuggets on questions that investors should be asking inspectors to mitigate their risk. The show is closed out with technological advances in the inspection industry that investors should be aware of!
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: Andrew Fox, BrickKicker Inspection Services
Link: BrickKickerCommercial.com
Link: The Game with Alex Hormozi
Link: Good to Great (Book Recommendation)
Link: Mathew Tarailo (Network Referral)

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Guest Questions
02:58 Housing Provider Tip: Set up lock boxes for access during emergencies!
04:54 Intro to our guest, Andrew Fox!
09:41 Skills for Entrepreneurial Success.
14:02 BrickKicker’s Model!
20:19 Inspecting properties that will be rehabbed.
25:47 Auxiliary Inspections.
33:03 Questions Investors should ask Inspectors.
35:23 Technology in the Inspection Industry!
43:06 Outlook on the Inspection Industry.
47:13 What is Andrew’s competitive advantage?
47:33 One piece of advice for new investors.
48:00 What do you do for fun?
48:13 Good book, podcast, or self development activity that you would recommend?
48:43 Local Network Recommendation?
49:20 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 2023.

What are my lending options if I do not have a W2?
Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest: Eric Workman, Renovo Financial
Link: Episode 19: Top 10 Mistakes We See From Chicago Investors - with Eric Workman of Renovo Financial (Part 2)
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Production House: Flint Stone Media
Copyright of Straight Up Chicago Investor 2023.