Finding good contractors to work on your rental properties might seem like a chore. Hiring undependable contractors can cost you some serious cash. Do you know where to find the best contractors? We happen to have some tips!
Perhaps some jobs at your rental property are too complex, too tedious, or just too unappealing to do the work yourself. If you’re investing in real estate but you’re not going to be doing all of the work yourself for whatever reason, you’ll need reliable, skilled contractors. Word-of-mouth really is best. That doesn’t mean you should rely completely on online testimonials from social media, Yelp, or Angie’s List. There are actually better ways that you can find out which contractors are the most reliable, honest and capable.
Builder Supply Stores
Head in to your builder supply store and talk to the people that work there. Skilled tradesmen need supplies, but unless they are in a pinch, they usually don’t get a majority of their supplies at Lowe’s or Home Depot. They generally frequent smaller, local suppliers that are known for high levels of customer service and great prices. Head on into your local supply store and it’s very likely that you will get a suggestion for the most talented contractors. Some stores have no-recommendation policies, but in that case you can ask who their biggest clients are. A lot of times, the employees at these stores will make recommendations quietly even if they do have a policy against it.
Check Out New Construction Subdivisions
Builders have a lot at stake when they hire contractors. If you know of a reputable subdivision or builder, go take a drive. Which work local trucks are parked in front of the new homes? It’s kind of like getting a big-name builder’s recommendation, without worrying about policies and loyalties. If they hire a contractor for a new subdivision, the builder has faith in their work.
Are You Looking for a Hard Money Loan to Flip a House Or Buy A Rental Property?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.
Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.