All Forum Posts by: Emil Kostov

@Shawn Legree Do you want good or cost effective. I can send you a couple either way. Just let me know.

Hi @Mallie M. ! I'm new in Biggerpockets and stumbled upon your post. That is a great question! Cold calling is very important in REI. We also tried hiring in Upwork and outsouring the cold callers from the Philippines. Love them, they have very good work ethics and talented. Of course it takes a lot of interviews and training at first, if you're lucky, between 2-3 candidate interviews for you to find a good one that sounds great. On average took us around 5 candidates/interviews. Their rates vary from $5-10 depends on their experience. We realized that talking to leads should be done by locals. Simply because we can communicate better and we know more about our market and our offers than they do. Not that they're English is bad or their accent. We did hire a team of virtual assistants but for lead generation and other admin tasks and we kept the cold calling part local. We hired acquisition managers who get a commission for every closed deal. Our setup works great and we have closed a lot of deals in the past months. Let me know if you want to talk more. I can give you more tips. Good luck!

Play with the numbers. Retrieve some local bids. This will help you narrow which specific areas work for you. Anyone who says it is too much or too low in any given area can say that with any location.

I am currently in Austin, Texas and had to retrieve bids for interior paint (all walls and ceilings - Eggshell - Three bedrooms, stairway @ 2 flights, gym, two bathrooms, closets, etc @ roughly 1,200 square feet and over 300 square feet of new cove base throughout apartment was needed.

I received five random bids ranging from $2,600 to $5,500 - Guess what? We used a crew which has done work for some friends in Austin. They did everything for $1,100 (including material).

My point, would it be wrong to say the average bid in Austin was $4,000..? No.

But with some connections and some grassroots digging, we found a crew who worked and charged at a less expensive price than normal.

The same applied for carpet. Carpet was all comparable and at 900 square feet bids were roughly $4,000 to $6,000... Found another to do lay good quality carpet for under $2,000 (materials included).

You just have to search. The economy has yet to recover and there are good workers (all legal) willing to work at a great price which in turn provides us at a better savings equaling a better profit.

Again, would it be wrong to say the average bid in Austin for carpet was $5,000? No, yet we retrieved a bid for more than half the average bid we initially received.

Fluctuation in pricing any given project probably applies to 90% of the country. Some companies have high overhead and others may not. Some think there work is glazed in gold.

Needless to say, the links are for research and to help gauge where you are on most costs. We are investors and generally, we don't like to spend that much moolah. As for the average consumer... I'm sure most, even though high in price would still proceed forward with work that needs to be done and pay the average bid on any given item.

Investors just dig a little deeper and negotiate a little harder.

Play with the numbers.

Just my two pesos.

Big Henry

"Now she is asking for a deadbolt lock and a peephole." I guess she's stay-at-home OnlyFans mom😉 Imagine next year's tenants asking you for a living room pole and daily Domino's delivered to the peepholed door...On a serious note, I am pretty sure that NJ laws aren't that different from the NY ones. I hope that the page below should at least help you a bit forming your decision on the matter, page 48 and 57 here,

https://ag.ny.gov/sites/defaul...