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Updated over 2 years ago on . Most recent reply

Can I rectify this $8,000 mistake?

Hey all,
I’m a long time lurker, first time poster. My business partner owns 26 rental properties. I recently took over managing the properties about 3 months ago. We have had a storm of turnover lately with a lot of deferred maintenance being brought to our attention that previous management didn’t address or bring to our attention.
So I thought I would be a smart guy and try to buy a lot of flooring in bulk since we have so much need right now. So I went online, found what I thought was click-lock LVP from FloorCity. Placed my $8000 order for 5000 square feet of flooring. Well it arrives and it’s Glue Down! Don’t get me wrong, I love glue down, but all of our properties are pier and beam and the floors are less than stellar for glue down.
And I’m frustrated because I feel like I did my due diligence and confirm it was click lock but I had some back and forth with the product people and somewhere along the way I guess it got changed without me noticing.
Anywho, I am looking for suggestions on how to find a buyer for this product as the floor place I ordered from wants to charge a 30% restocking fee which I can’t justify.
I was thinking about calling new home builders and see if they were interested. Thoughts?
Most Popular Reply

Buy two more properties that need 2500 sf ft each, and replace their floors. You won't waste these floors, and you'll have 2 more properties bringing in income. Think forward,...not backwards, for solutions to problems.
Or to use one of my favorite expressions, "If you can't lose it, use it".