Real Estate Investors Association of Greater Cincinnati

Author: Robyn Thompson (1 articles found) - Clear Search

How to Build Your Dream Team of Contractors



          In my business of rehabbing and reselling house, it’s impossible to make any money without the right contractors: those who get the job done on time, on budget, and right.

          Novice retailers usually don’t have such people at their fingertips, so how can you build a team of good contractors? The answer is by following all eight of the critical prescreening steps below.


Ask the contractor how long they have been in the business. I prefer at least five years of experience in the trades. I want a contractor who has seen and repaired every strange, odd, and crazy thing that could be wrong with a house. Experienced contractors know how to estimate all tough projects and experienced professionals can give an accurate price to fix any problem.

Inexperienced contractors, on the other hand, under-estimate repairs to get the business, and then they try to push their mistake on the property owner by upping the price halfway through construction.  When this happens, you need to stand firm and say no. NO is the most powerful word in the dictionary, and a rehabber needs to use this tool.&nb