Got one property closing soon, and I am eager to find contractors to do a cosmetic rehab on it.
I want to get a few of them bid for the same work, and choose the ones that make the most sense.
I was originally thinking i will get them refereed by an agent and property manager.
However for now I only have a reliable agent.
The property management seems to be tricky in Indianapolis. I tried multiple different property managers they all seem to want to do project management (which increases 10% the cost). So that thing is falling through.
How would you recommend finding contractors?
I am thinking about contacting a few rated A+ general contractors from Angie's list. Does that make sense for an OOS guy like me?
So get bids from the guy that my agent suggest and a few bids from angie's list guys.
Idea is to get a general contractor that than manages the rest of them. Since it carpet replacement, and painting and such it should have to include too many of subcontractors.
Can this work? Is Angie's list a good source for this?
Any comment, tip is appreciated.
Thanks in advance
The good thing about Angie's list contractors is that they are vetted. They should be licensed and bonded and guarantee their work, which gives some peace of mind when you're OOS. They may be a little pricier than the "I know a guy" type subs, but you can just budget their cost into your rehab if that's the way you choose to go.
My brokerage keeps a list of great contractors for every kind of work. If you trust your agent, ask them for recommendations. They should have a good network.
If you haven't done so already, join a FB group that invests in the area. Just like here on BP, local investors can be a great source of info, and possibly boots on the ground for you if needed.
thank you very much.
Believe it or not I do not use FB :). I might need to now because or REI but i kind of hate it.