Delays!

Through the various podcasts I listen to, books I read, and videos I watch, I feel that the running joke is that renovations are never done on time. Welp, I guess that's true for me too. I'm 1 for 1. We've run into delays.

After receiving photos from the very generous Aaron in Indy, I contacted my Turnkey Company with concerns regarding lack of exterior renovation progress (broken basement windows, warped siding, lots of soffit/fascia repair needed, and chipping paint).

January 17 - Received email response back stating I should be receiving progress pictures by January 20th as bad weather caused delays.

January 25 - Emailed Turnkey Company for an update as progress photos were not received by January 20th.

January 26 - Received phone call from my Acquisitions Manager, who I personally worked with when targeting and putting this property under contract. I explained my frustration in lack of communication and updates on renovation progress. I was promised photos today and updates on the construction.

Received photos! However, they weren't exactly what I wanted. I got a exterior shot of the front and very generic photos of the interior rooms. I responded back wanting photos of specific items on the Scope of Work (refinished floors, new furnace, new breaker box, repaired soffit/fascia, paint, etc.).

Side Note: also received Property Management Agreement, W9 Form, and Direct Deposit form for review and authorization of Turnkey Company to manage the property.

I got a renovation picture, finally!

December 2016

January 2017 - Progress includes new front door, AC unit removal, new larger window/frame, new basement windows at ground level.

Takeaways
-Real Estate Investing is not meant to go smooth 100% of the time. You will run into issues, delays, unexpected challenges. It's part of life. But, it's a matter of moving on and finding a solution.
-I'm going to harp on communication again...keep people accountable to their timelines and call them out if promises are not fulfilled.

​-Tyler

Next Post: Some REAL Progress