Searching for New Contractors

I spent this morning searching for new contractors. One of my mentors says that you should always be looking for and prescreening new contractors just like you do motivated sellers. We have two good crews right now working on a couple jobs… but I don’t want to overload them, and with the prospect of two big fire damage jobs coming up… I want to make sure we have some back ups in place.

What I did was search the skill’d trade section of Craigslist for Licensed and Insured contractors. I found seven who have advertised over the past two weeks and sent them an introductory email. Heres how the email went;               

”  My company is looking to expand our network of professional contractors and I saw your ad on Craigslist. We buy, renovate and resell 1-2 properties per month in the greater Springfield area, and need additional reliable and affordable contractors. Job size varies from light cosmetics to full gut rehabs. Our larger projects will require permitting so you must be licenced and insured.  We buy these properties for investment purposes and will not be the end user, therefore affordable pricing and timeliness of job completion are of utmost importance. Also, the ability to work with other tradesmen (plumbers,electricians, HVAC) and orchestrate a job site are key.
 
 
     If this sounds like something you may be interested in please call me or email back as I may have 1-2 projects for you to look at.
 
 
 
       Thanks,
                  Matt Kearney
                  Hampden Homebuyers ”

 

As I get responses I will further prescreen them and have them come out and bid a job or two. I also ask for references and a portfolio/photos of previous jobs.  I have been burnt by a few contractors in the past because I was too lenient in my prescreening process. (Just a side note, If your contractor needs you to provide the work truck and/or tools, they are probably not your right guy).

If any of you readers have good tips for finding contractors feel free to share them in the comments section!

We should have a closing coming up over the next couple days. It will be a nice rehab.

Heres the house:  

Bessemer

Fire Damage Cape

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One Response

  1. Matt,
    I was curious if you could give some tips on rehabbing a fire damaged property. I am making an offer on one today and would like to hear from you about any ‘gotchas’ or unique requirements from buyers, lenders, fire departments, municipalities, etc.

    Thanks!

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