dollarBlogger
New Contributor
Hey Everyone,
Had a comment/question for you all.
I recently acquired my first rental home (2 bdrm, 2.5 ba, built in 1997, 1400sf) and the interior needed painting so I went onto Google and typed in “painter, Portland, Oregon”. I sifted through the results and found 3 companies to bid the project. Average bid that came back, $2500.
Although I didn’t have much experience when it came to knowing a realistic figure for doing the work I thought that seemed a little steep so I took my search for a painting contractor to Craigslist. I found 3 companies to bid the project. Average bid that came back, $1500. $1000 savings from my original estimates! Sweet!
Then I started talking to some of the local investors, told them what I was wanting to do and wouldn’t ya know it.... They ended up letting me borrow some of their subs (on an hourly basis) to do the work. Cost, $1000. And on top of that they let me see the finished product of some of their units beforehand. Good thing I didn’t go with that original estimate! Saved $1500 right off the top!
Hope this helps some of you new Landlords out there find the best prices on services!
For you Vetrans, what are some things you do to save the most money on your fix-up costs?
Thanks in advance.
dB
Had a comment/question for you all.
I recently acquired my first rental home (2 bdrm, 2.5 ba, built in 1997, 1400sf) and the interior needed painting so I went onto Google and typed in “painter, Portland, Oregon”. I sifted through the results and found 3 companies to bid the project. Average bid that came back, $2500.
Although I didn’t have much experience when it came to knowing a realistic figure for doing the work I thought that seemed a little steep so I took my search for a painting contractor to Craigslist. I found 3 companies to bid the project. Average bid that came back, $1500. $1000 savings from my original estimates! Sweet!
Then I started talking to some of the local investors, told them what I was wanting to do and wouldn’t ya know it.... They ended up letting me borrow some of their subs (on an hourly basis) to do the work. Cost, $1000. And on top of that they let me see the finished product of some of their units beforehand. Good thing I didn’t go with that original estimate! Saved $1500 right off the top!
Hope this helps some of you new Landlords out there find the best prices on services!
For you Vetrans, what are some things you do to save the most money on your fix-up costs?
Thanks in advance.
dB
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
.
