DO YOU SHARE SKU'S? IS THAT EVEN A THING?

[Courtney Rollins]

I recently attended the BWI REI meet up hosted by Bill Ames. J. Scott gave the featured presentation on starting and scaling a sustainable company. He provided so many golden nuggets as he shared six essential steps in his process: 1) segmentation, 2) delegation, 3) documentation, 4) replication, 5) expectation, and 6) prioritization. All fascinating, insightful, and pragmatic approaches to business development that I am eager to employ. The message came right on time as it reinforced many of the tools and insight I am getting from my current read of the classic book The E-Myth Revisited.

Replication of systems, processes, and materials seems so convenient and practical. For example, J. Scott says he has a list of SKU numbers for materials that he shares with his contractors to increase efficiency during rehab. As a starking fresh newbie I have no systems to rely on or past SKU’s to pull from. Do folks ever share their sku list with each other? I am investing Baltimore and the greater Baltimore area and that it would be helpful to have a list of SKU’s for rentals and for retails that I could use as a springboard or reference point. Would I be breaching some unspoken rule of etiquette by asking? Happy investing all!

[PJ M.]

This file from @Andy Bankston can get you started.  The best thing though is to standardize on your own items.  Once you do that you'll be able tp price out the rehabs efficiently.  

https://www.biggerpockets.com/files/user/RoadRacer/file/walk-thru-rehab-analysis-with-sku-sxlsm