Episode 423: Fire, Squatters, and Drugs! When Your $100k Chicago Investment Goes To Zero with Jonathan Klemm

Jonathan Klemm of Quality Builders returns to discuss refinements in his General Contracting business and investment strategy since his last appearance! Jonathan starts by explaining partnership pitfalls to avoid based on recent changes within his business. He gets vulnerable by discussing a multifamily investment on Chicago's southside that involved various evictions and a $400,000 fire caused by a problem tenant! Jonathan shares tips on the mindset required to weather business storms and turns to more positive news by discussing some large renovation projects that his company is working on. He closes with how he has leveraged networking to skyrocket his business and shares his plans for continued growth going into the new year! 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: [email protected] Properties for Sale on the North Side?  We want to buy them. Email: [email protected] Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: GCRealtyInc.com/tenant-placement Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: GCRealtyinc.com ============= Guest: Jonathan Klemm of Quality Builders Link: Founders (Podcast Recommendation) Link: SUCI Ep 250 - Jonathan Klemm Link: SUCI Ep 206 - Prashanth Mahakali Guest Questions:  02:07 Housing Provider Tip - Perform adequate due diligence specifically as snowy conditions are present! 03:44 Intro to our guest, Jonathan Klemm! 06:50 Partnership pitfalls to watch out for. 15:10 Jonathan's scary "fire" deal! 29:41 Mindset for getting through a difficult deal. 42:41 Large renovation projects by Quality Builders. 48:26 Leveraging BiggerPockets to grow a business. 50:36 Jonathan's 5 Year Outlook! 53:20 What is your competitive advantage? 54:00 One piece of advice for new investors. 54:31 What do you do for fun? 54:38 Good book, podcast, or self development activity that you would recommend?  55:32 Local Network Recommendation?  56:51 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2026.