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Straight Up Chicago Investor Podcast Episode 260: Chicago Investors Cannot Have A Worse Day Than This, With Roman Viere

Straight Up Chicago Investor Podcast Episode 260: Chicago Investors Cannot Have A Worse Day Than This, With Roman Viere

In a recent episode of the Straight Up Chicago Investor Podcast, listeners were presented with a gripping narrative of resilience and resourcefulness by guest Roman Viere, a seasoned property owner and manager with a portfolio of over 1000 rentals in Chicago, primarily concentrated in the Austin neighborhood.

The episode delved into a harrowing incident that unfolded at Roman's 35-unit apartment building in Austin—an explosion that sent shockwaves through the community and tested Roman's mettle as a housing provider.

Roman offered a detailed account of the events surrounding the explosion, from the initial moments of arriving at the scene to navigating interactions with authorities and managing the media frenzy that ensued. His firsthand perspective provided valuable insights into the challenges and complexities of crisis management in the realm of property ownership.

One of the most illuminating aspects of the episode was Roman's discussion of the insurance implications stemming from the explosion. He offered practical advice on navigating insurance claims and highlighted the importance of understanding the nuances of coverage to ensure adequate protection against unforeseen circumstances.

Moreover, Roman shared his experience with a staggering million-dollar water bill—an unexpected financial burden that would have crippled many property owners. Yet, Roman's resourcefulness shone through as he recounted his innovative approach to resolving the issue, demonstrating the power of creativity and problem-solving in the face of adversity.

Throughout the conversation, Roman emphasized the importance of preparedness and vigilance in property management. While catastrophic events like explosions may be rare, they underscore the critical need for housing providers to establish robust contingency plans and prioritize the safety and well-being of tenants and communities.

Roman's story serves as a poignant reminder that adversity is an inevitable part of property ownership, but it is how we respond to challenges that define our resilience and character as housing providers. By sharing his experiences and insights, Roman empowers fellow investors and property managers to confront adversity with courage and determination, ensuring the continued stability and vitality of their rental properties.

As the episode drew to a close, listeners were left with a renewed sense of awareness and preparedness, recognizing the importance of proactive risk management and crisis response in safeguarding their investments and the welfare of those they serve.

In the unpredictable landscape of property ownership, Roman Viere's journey serves as a beacon of inspiration—a testament to the indomitable spirit of resilience and the transformative power of perseverance in the face of adversity. His story resonates as a testament to the enduring resilience of the human spirit and the boundless potential for growth and adaptation in the pursuit of excellence in property management.

Watch Straight Up Chicago Investor Podcast Episode 260 in Full Here

Questions We Answer In this Show:

Q. Crucial Safety Precautions for Property Managers

  1. Video

Q. Mastering PR to Avoid Looking Foolish on Camera

  1. Video

Q. The Importance of labeling Apartment Units

  1. Video

Show Notes:

  • 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?

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest Name: Roman Viere

Guest Company: Urban Alternatives

Guest Link: https://www.ua4rent.com/

Other Links for show notes:

SUCI Ep 77 - Roman Viere

The Bomber Mafia (Book Recommendation)

Greg Yearwood (Precision Consulting / 773-852-8246 / gyearwood1@gmail.com / pcllcclaims.com)

Myk Snider (Sphere Public Relations / 312.816-5401 / myk@spherePR.com / SpherePR.com)

Jeff Riechenbach (State Farm / (773) 685-3600 / jeff.reichenbach.vafdml@statefarm.com)

Show Sponsors:

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