Finding Great Contractors for an Airbnb Renovation

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What's up guys, it's James here. And in today's video, I'm going to be talking to you about how to find incredible contractors for your renovation of your real estate deal. And I'm going to talk about doing that for short term rental properties. That's what I've been investing in recently is buying short term rental properties. And they're absolutely incredible assets to own for the incredible cash flow they produce. So if you want to learn more about investing in short term rental properties, then there's a link in the description down below to a new free training that we've recently put together, where I break down all the different steps that we took to be able to successfully invest in short term rentals. And we give you an idea of the three critical components to investing in short term rental properties. Now the end of that video, you do have the opportunity as well to schedule a free consultation, call a free strategy session with myself or my business partner Riley, where we can help you dissect and dig into, you know how to actually get started for you what makes most sense as a path and a plan of action for you getting started investing in short term rental properties. So if you want to access that, if you want to check out that free training, then just click it down in the link down below in the description, I highly recommend it, it's gonna be incredibly valuable to you, we've already had great feedback on this training so far. So I highly recommend you check it out, because we aren't going to be keeping it around forever, we are going to be taking it down pretty soon here. So I do highly recommend that you check it out in the link in the description down below before it's too late. Now, that being said, let's talk about finding great contractors for your renovation. Now, this is pretty counterintuitive, the strategies that we use to find a really great a one top player contractors, and then we used to find our current maintenance person who is doing all the renovation work and kind of overseeing everything on our Airbnb properties. It's very counterintuitive, it is not what you'd expect, what I see a lot of people doing is actually the exact opposite of what we've found to be the most successful for finding good contractors. Before talking about that strategy, though, I'm going to walk you through it and walk you through exactly how you can use this strategy, I want to first start out by defining what makes a good contractor because I think it's really important to start there so that we're on the same page. But what makes a contractor really good. And number one that's pretty obvious is good quality of work. If they do crappy work, they're not a great contractor. And we can all agree on that. So it's important that we find someone that number one, first and foremost does great high quality work. And number two is in my my opinion, I think it needs to have affordable prices, I don't know a lot of people out there that are going and trying to find the most expensive contractor unless they're looking for the person that does the best work. And they make the mistake of thinking that the best contractor that does the best work is going to be the most expensive one. So they're okay going with the most expensive one, I've actually seen people that prioritize going with the most expensive contractor, because they make the the kind of bias the cognitive bias, the thing that the most expensive is equal to the best quality, which is not always true and is often the opposite of true. So that's the other thing that I look for is affordable prices. Now not saying they have to be the cheapest, but it needs to be affordable. Now the third thing that I look for, I find to be a good contractor is someone that is reliable, I need to be working with someone that has integrity that does what they say that's reliable, because ultimately a lack of reliability is going to cost me in more ways than one, it means it's going to take longer for that project to get done, which is going to incur more costs for me. And it means that long term if I need them doing you know maintenance work, things like that and use it my guests in my Airbnb, my short term rental property are going to be left waiting around, so I need someone reliable. The other big thing for me with reliability is it just takes a lot of the pressure and stress off of my shoulders, if I know this person is going to do what they say. Because that means that once I give them a project or a task to work on, I don't have to worry about it anymore. Whereas someone that's less reliable, I do still need to stress about that and wonder and worry if it's actually going to get done or not. So those are my three main criteria for judging a good contractor. Again, let me know in the comments if you have different criteria that you use, or if you disagree with any of this, but those are personally my three. If a contractor is good, they've got to do good quality work for liable for reasonable prices and be very reliable to work with. Now with that criteria, the way let's look at how I go about finding these people. Now what most people will do when they look for contractors is they'll go on to Google, for example, or go into a popular search engine. And they'll just go and look for, for example, plumbers or contractors or whatnot in their area. And they'll look at the top search results. And they'll start clicking on those. And they'll go and find the people that have the highest ratings on Google the most reviews that have the best seo basically built up for their site. And so they're the top of the search results. Now, there's a few different problems with doing that. I'm not saying that's always the wrong thing to do. I'm just saying that it's not often the best thing to do. Because if you're looking for a really good reliable cleaning team, or you know, plumber or any other contractor or maintenance worker, whatever it might be if they're doing full on renovations and their tile worker, their flooring guy, whatever. A lot of the people that are really really really good.