All Forum Posts by: William Sumnicht

@Brandon Turner Come on, man. I listen to every BP podcast I can get my hands on. If the podcasts were a CD set, they'd probably have holes burned through them at this point.

Ok, maybe they wouldn't have holes, and realistically, I'm still catching up on all the old ones while waiting for new ones. But you guys are killing it! And your blogs and ultimate guides don't suck either. I legitimately appreciate the work that's being done and the content that's being put out here. Keep it up.

@William Robison I'd been planning to go to that meetup for some time now. Sadly, an important meeting was rescheduled last minute to that night and I was not able to make it. I hope it was great! I have my KC meetup notification set, and will be on the lookout for the next one!

@George P. It's a small converted house, and the units were <400 sqft 1/1's. Which is fine, and there's a market for that, but the area could command higher rents with >500 sqft units 1/1's.

@Stewart Beal & @Bryan H. Good advice. Particularly as it relates to their subs, employees, and overhead.

@Mark Langdon Verbal bids seem very smart for a contractor's efficiency, but has that made it challenging for you? I like to see in writing a list of what the contractor plans to provide in the price before making the decision to hire so I can make sure that a lower price is not reflective of a missing piece of the job.

@Engelo Rumora Hope to meet you in person, as well. I've seen a few of your posts, and I like what you're doing.

I'm in the middle of two projects: some light rehab/improvements on a duplex, and my first time project managing a "real" rehab, consisting of gutting a fourplex and turning it into a triplex (done larger projects like this done before with a hired out project manager, but this is a whole different animal). As a result, I'm in communication with more contractors right now than I've ever been before.

I do my best to get back with all the guys that I didn't hire to let them know that I've gone with someone else, and try to tell them why (particularly if it relates to price or budget).

They have responded professionally and with appreciation for the notice. A few have asked me who I went with instead. I've always been open about it in response, and it made me curious what others do.

Do you tell your non-hired contractors who you decided to hire? If not, why not?

@Ken Radino

Hey Ken,

Liam here from Kansas City, MO. Welcome to BP! Hope to meet you in person at some point.

Jenkins, thanks!

Thanks for the guidance, J!

Ben, you got a property revalued to your purchase price? Fantastic!

I assume they had to reinspect the property, as well, correct? Did the reassessor come look at the inside? If so, before or after repair?