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Updated almost 7 years ago on . Most recent reply

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David T coello
  • Staten Island, NY
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Frustrate with contractors

David T coello
  • Staten Island, NY
Posted

One of the biggest obstacle in this field has to be the lack of professionalism and work ethics from contractors. I feel that we constantly have to baby sit them and tell them how to do their job the right way, and once you pay them you will never see them again and there is no way to hold them accountable for mistakes or poor workmenship.

The other frustration that I have,  has to be dealing with the real estate brokers many but not everyone are very shady. They have to follow special ethical guide lines but they seldom do. Many times you sit back and wonder, is this really worth the headaches?  Let me know your frustrations and how are you dealing to manage with these obstacle's.

Don't get me wrong it is rewarding to transform a house or real estate property into something beautiful and sale it. But it has to be a better way to minimize issues with contractors and hold them accountable as well as dealing with real estate agents that are out there to Rip you off. Im in NJ and NY.  

Most Popular Reply

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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Replied

I would take my day job 10 out of 10 times over managing residents and contractors.  Get scale or unfortunately get used to it.

With scale, you have leverage...or you have others managing it.  And with more scale (say at an apartment community level), you get professional vendors rather than contractors and on site maintenance.  The word "efficiency" does not do justice to the difference this makes.

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