Paying Too Much for Repairs and Not Getting Written Bids

Insist on written bids for repair work that include a completion date and a total dollar cost, or repair costs could ruin your real estate business. I’m not talking about just losing $100 here and there. If you rehab residential properties (on which you might spend $30,000 for repairs) or even a commercial property (on which you might spend $600,000 for repairs), you could lose thousands to tens of thousands of dollars.

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