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Updated over 14 years ago on . Most recent reply

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292
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Steve M.
  • Realtor
  • Gallatin, TN
164
Votes |
292
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AngieList.com - Who Uses Them?

Steve M.
  • Realtor
  • Gallatin, TN
Posted

Hey Guys ....

Looks like I got an offer accepted on now our 3rd Property (4th door). Didn't think it was going to happen - Roughly 20 offers were submitted, until 1 finally hit! Just about jumped for joy :D

Anyways ... This is going to be my first *large* rehab (costing in the ballpark of $30k - $40k)

Wanted to find out who has used AngiesList to find good contractors? Do you try and find 1-2 man contractor(s) or do you look for larger companies? And lastly, what have your results been like? Once I find guys that can seemingly do the job well, are fair priced, etc... will hopefully be able to keep them in mind for future rehabs.

Thanks guys! Can't wait to get a big rehab under my belt so I can fully understand everything that goes in to it!

EDITED TO ADD: Special Thanks to J Scott !!! What a great asset to the BP community he is, and his spreadsheets he shares are great for noob and seasoned veterans alike! Thanks J!

Most Popular Reply

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17,995
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17,202
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J Scott
  • Investor
  • Sarasota, FL
17,202
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17,995
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

Jeffrey's point of asking your good contractors for references is the best route to take. Good contractors won't risk their reputation by referring you to bad contractors, and they're always happy to help out good contractors they know. So, that's the best place to start.

Secondly, any time you're driving and see a contractor truck in front of what is likely an investor rehab, stop and chat with the contractors. Let them know you are an investor and are always looking for subs. Then ask if they'll show you around the house and give you an overview of what they're doing and how much they're charging. I've found a couple good contractors this way.

Third, Angie's List and Craigslist. You'll come across a lot of bad contractors this way as well, so treat it like a numbers game. Interview and get bids from 5 plumbers, 5 electricians, 10 handymen, etc. The best part of doing this is that you get 5 different experts telling you what needs to be done (and how much it will cost) on a specific job, so you'll start to see some commonalities among them. When one guy completely contradicts the other four, you know you can cross him off the list.

Lastly, as Don said, Home Depot at 6:30am is a great place to find contractors. Anyone there that early both is good enough to have work in this economy and diligent enough to be starting his day early. Home Depot workers aren't supposed to give out referrals for contractors, but they will, and are generally pretty good, as they don't want to risk pissing off their customers.

And, most importantly, always trust your gut. If something a contractor says just doesn't sound right or if a price just seems too good to be true, go with your gut...

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