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Where do I start.

ctreia

It’s yours!

You won the wining bid…

You ask… Where do I start…

That is exactly what coaching student Kenson C.

wheredoistart

asked Coach Lou this week…

Zenione is about to close on his very first rehab

property and after the final walkthrough with Coach Lou, he had far more questions than answers. After taking

several CT REIA programs, Zenione felt comfortable taking on a medium size rehab project. After all, he had

completed his scope of work, ran his numbers by Coach Lou and had received a list of reliable contractors from

the CT REIA coaching team. This should be a piece of cake! Really…

So another call comes in to the CT REIA Coaches … (how many of you have made that call?)

You have taken what you thought was plenty of seminars, workshops, did several property walkthroughs with

the Coaches and other coaching students…and… you can’t wait to get started!!!! Your To-Do list is far greater

and complicated then you expected…

And… YOUR first question is… Where Do I Start?

Well I interviewed the CT REIA coaching team and asked exactly that question…more details in the manual…A Real

Estate Guide to Home Maintenance.

And this is how Coach Lou /contractor, broke it down.

1. Purchase “Construction insurance” prior to the closing.

2. Apply for the necessary permits

first

3. Immediately after the closing, have the utilities turned on.

4. Make sure that the water meter is installed and shut off at the meter so that the plumber can check out the

second

heating and plumbing.

5. Develop a check list for each room. (should be very detailed) Give each contractor the detail list and have

one on hand for all the contractors to view as needed.

6. Address all water and heating issues.

third

7. Order materials, kitchen, bathroom vanities, appliances, flooring etc.

8. Address Roofing and or Foundation issues,

Windows: …install and or repair

9. Start the demolition

10. Inside: The plumber and the electrician

complete their work first

11. Dry wall if necessary (walls and ceilings)

12. Paint walls and trim (clean before you paint)

13. Kitchen and bathrooms

14. Details: switch plates and light fixtures.

15. Check on your “scope of work list” or a punch list

16. Clean up

17. Exterior: Doors and siding or paint, gutters, shutters,

garage door.

18. Floors: Varnish hardwood floor and/or install new

carpets

19. Landscaping

20. Staging

21. Marketing

22. Closing…

23. Pay Day $$

Show up at the jobsite often… and have your

contractors on speed dial!

Be patient… rehabbing often goes over budget…

These manuals were prepared for CT REIA by

Coach Lou…he is a seasoned real estate investor,

owner and operator of 30 plus years. He is a

leading expert in the field of property construction

and maintenance. Aside from operating his

business he can be found at CT REIA events and he

is the “contractor on duty” for the CT REIA

Coaching program.

By James Sears CT REIA Member

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