Virtual Project Walkthrough: Little Village Multi-Family Renovation - 11/9

Virtual

Meeting Summary for Virtual Project Walkthrough: Southside Chicago 2-unit full renovation 10/5

 

Jonathan Klemm, host of 'Quality Investors' and founder of 'Quality Builders', led a virtual meeting to discuss ongoing projects and share insights on renovation processes. The team discussed potential investment areas, shared personal plans, and conducted a walkthrough of a basement renovation project, highlighting progress and challenges. They also covered property layouts, pricing structures, and emphasized the importance of collaboration and technology in their work.

  • Dev to ensure all missing scope of work is identified and estimated before taking on projects from other contractors.
  • Quality Builders team to continue using the express permit process for plumbing and mechanical plans without architectural stamps.
  • Quality Builders team to improve their Instagram content and engagement.
  • Jonathan to follow up with potential clients who inquire about walkthroughs and detailed proposals.

Managing Meeting Noise and Team Dynamics

Jonathan starts the meeting by greeting everyone and allowing time for attendees to join. He mentions that questions should be put in the chat. Before the meeting, Jonathan and his colleague discuss the noise level on different floors and decide to conduct the meeting on the second floor to avoid disruptions from workers on the first floor. Jonathan also expresses frustration with a team member named Rob, feeling that Rob talks negatively about the team despite needing them more than they need him. The meeting then transitions to the actual presentation.

Team Locations and Weekend Plans

The team discussed their locations, with one member mentioning a long drive from Chicago to Oswego. They also talked about potential investment areas, with a preference for the southeast corridor of Chicago. The team shared their weekend plans, including a birthday party and a visit to the Walnut Room. They also reminisced about a past tradition of checking out the Christmas windows at Macy's.

Quality Investors and Builders Insights

Jonathan Klemm, the host of the show 'Quality Investors' and founder of 'Quality Builders', led a virtual walkthrough to share insights and experiences from their projects. He emphasized the importance of collaboration and the abundance mindset in streamlining their systems and processes. Jonathan also highlighted their focus on technology and their efforts to make the renovation process easier for investors and homeowners. He mentioned their partnership with the True Value Boys and Girls Club and encouraged donations. Dev, Jonathan's partner, was also present to discuss their ongoing project. The conversation ended with an invitation for further questions and comments.

Basement Renovation Progress and Challenges

Quality and Dev discussed the progress of a basement renovation project. The project, which was initially taken over from another contractor, involved a full gut renovation down to the studs. The basement slab had been poured, underground plumbing had been completed and passed inspection, and the basement framing was recently completed. However, there were still tasks to be done, including finishing the basement framing, passing a rough framing inspection, and completing insulation. Quality also mentioned the need to address some electrical wiring issues and to do some caulking and sealant work. The basement had decent height and had gained an additional 4 to 5 inches when the slab was replaced. Quality emphasized the importance of using drain tile for long-term investment in basement work.

Property Layout and Kitchen Island

Quality discussed the layout and features of a 1,100 square foot, two-bedroom, two-bathroom property. He highlighted the open concept design, decent-sized bedrooms, and the potential for an island in the kitchen. Quality also mentioned the installation of R-19 insulation and the need for gas meters. He demonstrated the property's layout, including the back area with a half bath, a utility room, and a large open space. Quality suggested discussing with the client about adding an island in the kitchen. The conversation ended with Quality preparing to build a half wall as a railing on the second floor.

Challenges in Project Takeovers and Pricing

Quality and Dev discussed the challenges they faced in a recent project, particularly in taking over from a previous contractor. They highlighted the difficulty in estimating the cost of repairs and the need for a clear scope of work. Dev mentioned that they had to ensure they understood what needed to be fixed before taking on the project. Quality also mentioned that they were taking on more projects and had a project coming up in the Elgin area. They also discussed their pricing structure, with costs varying depending on the level of renovation and finishes. Quality also mentioned that they charge for walkthroughs but offer a refundable deposit if the client decides to work with someone else. They encouraged feedback and offered to help with future projects.

 

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