Anyone who has been in business for any length of time understands the importance of concise, legible and fully understandable agreements between the client and the vendor, contractor or entity providing a service.
If you hire someone to take ‘care’ of your yard, you probably mean for them to mow the lawn, edge the flower beds and sweep up and dispose of any trash or debris. Having a yard man come to your house and expecting full payment after he only edges the flower beds or pulls a few weeds is not what you thought you were getting, was it?
Well, the same example is true in the investor remodeling business.
You buy a house at a good price and you need to have it put into decent shape to either sell it, or rent it out.
You want the job done right. You want the job done fast and you want the job done as reasonable as possible.
You are driving in the neighborhood and lo and behold here is a truck working down the street from the house you just bought.
You go inside, meet Chuck and ask him to look at the house you bought down the street.
Chuck gets into his truck, makes a walk through with you, writes his bid on a large yellow pad and in the lower right hand corner is his price.
You look it over and start to ask questions.
“What are you going to do about the kitchen?”
“Oh, we’ll take care of THAT” is his response.
“How about the flooring?”
“THAT, as well.”
You name several other items and the response is always the same.
“Don’t worry about it, we’ll take care of THAT.”
Ok, so my question is, if you don’t know what you are getting….then how will you know what you should pay for?
As you may know, we have done close to 800 investor houses since we started 5 years ago. We have a very detailed proprietary software program that allows us to give you a complete proposal about what we think you should do to your investment to maximize your return.
We hear things like… ‘I thought they were going to replace all of the light switch plates and outlet plates in the house.’
Well, if it wasn’t in a written format (i.e a proposal) then if y our contractor just painted over 30-40 plates and covers, then how can you hold him to take care of this issue?
Did he agree to fix ‘THAT’?
Or do you have to do this later on yourself or find someone to complete the job?
If you have ever tried to find a general handyman type of person to do some really small jobs, such as hanging a door properly or just replacing some old plumbing faucets, then you know how difficult and expensive it can be.
These ‘little’ items can cost much more than you bargained for, simply because they were not addressed by your contractor.
You want to see what a detailed proposal looks like?
You want to see how the work will be done and what will be done?