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Updated about 7 years ago,

User Stats

352
Posts
542
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Joe Kim
  • Rental Property Investor
  • SF Bay Area, CA
542
Votes |
352
Posts

Losing faith in real estate - eviction, repairs, PM disaster

Joe Kim
  • Rental Property Investor
  • SF Bay Area, CA
Posted

Looking for rehabber in Indianapolis for help!   I have a bad eviction with lots of damage in my Indy home.

I'm going through 3 evictions in the last 3 months

#1 Chicago property 5bed/2ba, 2000sqft with about $4200 in repairs  - $3000 just for interior painting

#2 Indianapolis 4bed/2.5 ba, 1550 sqft home with estimates of $5000 by first property management and then I switched property management to find estimate balloon to $12,000+ for similar repairs.   Biggest cost is $4080 for interior pain on a 1550 sqft home

Paint job - old PM $1700,  current PM $4000+

replace window blinds - old PM $108, current PM $270

every comparison is the same, price is nearly double on every item with the new PM I just switched over to.

Does anyone have a recommendation for home flipper or rehab guy or general contractor who can make this disaster into something more reasonable?

thank you,

joe 

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