Stumble It!
Contractors: Will They Make You Or Break You?
Buying low and selling high is the mantra of real estate investors. What happens between the beginning point and the ending point can be the determining factor of if a rehab project is successful. The project may be a rehab to re sell, or a rental.
Sometimes the problem lies in underestimating needed repairs, and the cost involved to make those repairs. But, many times the problem lies in the contractor not doing what he promised to do. The main areas this falls into are: 1. Going over agreed costs. 2. Lack of quality work. 3. Not finishing on deadline.
John Adams the most trusted voice in Atlanta real estate, says that even after 30 years in the real estate investing business, the weakest link remains to be the contractor. (not direct quote)
In some cases the contractor quits showing up for the job, or walks off the job with it being incomplete.
Not all contractors are like this, but it seems to be a recurring problem in the industry. If you have a good one, treat them like GOLD!
I have recently read three different articles about contractors, with three different takes. Check them out.
The Contractor Success Triangle: Real Estate Renovations by W. Christenson
Fix and Flip Tips: Avoid Contractor Crumbling Communications by Steve Cook
How to Speak the Secret Language of Contractors by Paul Ejasion
I need subscribers, please SUBSCRIBE!
Do you have a positive or negative experience with contractors? Please leave a comment below.
Sometimes the problem lies in underestimating needed repairs, and the cost involved to make those repairs. But, many times the problem lies in the contractor not doing what he promised to do. The main areas this falls into are: 1. Going over agreed costs. 2. Lack of quality work. 3. Not finishing on deadline.
John Adams the most trusted voice in Atlanta real estate, says that even after 30 years in the real estate investing business, the weakest link remains to be the contractor. (not direct quote)
In some cases the contractor quits showing up for the job, or walks off the job with it being incomplete.
Not all contractors are like this, but it seems to be a recurring problem in the industry. If you have a good one, treat them like GOLD!
I have recently read three different articles about contractors, with three different takes. Check them out.
The Contractor Success Triangle: Real Estate Renovations by W. Christenson
Fix and Flip Tips: Avoid Contractor Crumbling Communications by Steve Cook
How to Speak the Secret Language of Contractors by Paul Ejasion
I need subscribers, please SUBSCRIBE!
Do you have a positive or negative experience with contractors? Please leave a comment below.
When my house was going through renovations ,I faced the some problem. The contractor promised to finish the work in 1 month But he took a long time than what he promised.
Reply to this