Updated almost 11 years ago on . Most recent reply

Start out the New Year by saving $$$$ and help out your team!
As we are entering into 2015, I thought we should reflect and recognize that none of our successes in RE investing could have happened with out the hard work of our Supporting Team".
You know whom I am talking about: The hard working peoples we call if the roof leaks, furnace brakes down, pipe leaks, etc...
Did you think of these people during the Holidays? No, I don't mean when you got the call on New year's eve about the leaking toilet, and you need someone fast......
What I meant is: how did you show your loyalty and appreciation to your supporting team so they will be there for you when you really, really need them?
Well I have to confess, when I was a beginner Investor years ago I used to just send my contractors each a gift card for $50-$100, and my thinking was that I did show them that I care about them. It toke me probably a decade or more to realize that this is very superficial way of thinking.
My own contractors help me realize how can I build REAL loyalty with a little bit better planning. What I started noticing that my Roofer, HVAC man would often ask me in Dec and Jan each year if I need a new roof or a new HVAC system. I used to say I am good thanks! What was I thinking? Here is what happened:
One day I needed a new roof and as it happened it was in right about middle of January so I called the roofer and he was thrilled to hear from me and gave me a 50% off price in real discount, because he needed the money pretty bad after his wife spent to way too much for the holidays. I also noticed that after this January Job he was nice to me all year round.
So that gave me the idea and I started budgeting for major improvements that are feasible to do in cold months.
The results: I have been getting done quality work for close to half price, such as Roofs, Furnaces, Bath remodels etc...... And the guys are very nice to us, and they show their appreciation all year round, because we help them out in times when they need work/money the most.
By the way we never push the guys to give us discounts, they offer it. Nowdays they know that we schedule our improvement like this on purpose to help out. A little planning goes a long way to show consideration and build loyalty, and the savings can add up too!
This is a WIN - WIN situation for all parties involved.
Happy New Year to All of you!