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Riley Holt
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Can I rectify this $8,000 mistake?

Riley Holt
Posted

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?

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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
19,908
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

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".

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