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Updated 12 months ago on . Most recent reply

User Stats

109
Posts
42
Votes
Julian Sanchez
  • Rental Property Investor
  • Aventura, FL
42
Votes |
109
Posts

Real estate lesson of the day:

Julian Sanchez
  • Rental Property Investor
  • Aventura, FL
Posted

All this time in this business and can't believe nobody at any seminar, meetup or event has shared this. in summary:

• Hired roofer did a bad job after paying him close to 30k

• City inspector PASSED and APPROVED the permit! Unbelievable 

• His insurance won’t cover because as it turns out commercial liability does not cover craftmanship defects 

they need E&O insurance for that, 

hard lesson learned, 95% of small contractors will not have E&O, it's an extra cost for them and only the larger construction companies carry it.

When doing big jobs always make sure your contractor/GC has this

Happy Investing (:

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