Finding new contractors in new investing location-Philadelphia
I've taken a leap of faith and am going to be investing into an area that I have never invested in before. I have a property under contract in the City of Philadelphia in the Francisville community. Property has lots of potential and will turn a great profit. However, my only concern is finding a reliable contractor in such a large city setting such as Philly.
What is the best way to go about finding a dependable, trustworthy contractor in such a large city? I have used apps like Thumbtack before that have been hit or miss (about 50/50) but would rather not leave such a large project in the hands of something that "may" work out. I have someone that will be able to perform some of the finishing carpentry work that I have used several times in the past, but do not have any solid connections with other trades...yet.
Any input is greatly appreciated! Thanks!
Mike
Hit the streets looking for people working on renovations nearby.
@Mark Gallagher Sound advice. Don’t know how I didn’t think about that the many times I’ve looked at properties. I appreciate it.
Originally posted by @Michael Davis:
@Mark Gallagher Sound advice. Don’t know how I didn’t think about that the many times I’ve looked at properties. I appreciate it.
Congrats and good luck.
Originally posted by @Michael Davis:
@Calvin Lipscomb Thank you Calvin!
I also drove around Philly and collected a few cards from contractors actively working. It also provides you the opportunity to inspect the work while it is happening.
I have been burned badly by contractors who I thought I vetted well enough -- recommendations, saw their work, signed contracts, etc etc. It is a very very important part of investing that can make or break you. I have 3 teams I use now for different types of work. Took me 2 years to get to the right people and a lot of money, time an stress under the bridge. The combination of honest, professional and with the ability to manage projects is not common - particularly for budget sensitive projects. I have a team I would love to recommend to you because after doing many projects with them I have a slow down in my own activity and I want them to stay busy because they are good. Fell free to PM me.