things don’t cost what they used to. Repairs are where homeowners get hosed. Private equity is buying the service companies and milking homeowners. Our local HVAC got bought by PE and they don’t really fix anymore, always recommend furnace replacement.
My buddy had 5 new furnaces bought and installed at his 5 unit for 3000 with a contractor he knew back in 2019. Window world would sell and install windows for 200 each around the same time.
We’re already growing too fast as is. We don’t have enough capital, we’re straight up telling sellers it’s either no money down or you’re not working with us.
We have two full time handymen who work on renovations. They’re renovating a vacant 4 unit we bought earlier this year. My sister and I end up working on maintenance at the short and long term rentals and lighter renovation.
@cashrulesNC I wish I wasn’t doing it. It’s hot today!! Was preventing us from renting this place out on Airbnb so we needed it done. I’m almost finished now.
@salesprocapital its good if you plan to scale. app folio is probably the best.
if you're not planning on growing like crazy, https://t.co/1XdBRPhj22 works great.