Cole Baker’s Post

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Multifamily Real Estate Investor

Every operator get's this DREADED call: "Pipes burst, & unit 24 needs help ASAP." Who do you call? Don't have contractor? You don't have a sustainable business. Your Top 5 Contractors on Speed Dial: 1. Plumber 2. Drywaller 3. Electrician 4. HVAC Tech 5. Roofer BONUS: 6. A guy/gal who does all the above. (At least a little of all the above) P.S. Who do you have on speed dial?

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Cole Baker

Multifamily Real Estate Investor

2mo

📌 HARDER THAN EVER TO WIN IN CRE It’s harder than ever to win in real estate. → Construction costs are higher than ever. → Hiring great talent is harder than ever. → Finding the deals is harder than ever. This means one thing for all operators: → Focus on competitive advantages. For us? That’s construction management. Our 3 Highest ROI Reno Projects: Add In-Unit Washer/Dryer +$225.00/month/unit +$2,700.00/year/unit Cost: $7,000.00 ROI: $2,700/$7,000 = 39% Add New Bathroom Finishes +$125.00/month/unit +$1,500.00/year/unit Cost: $6,000.00 ROI: $1,500/$6,000 = 25% Add a Dishwasher +$75.00/month/unit +$900.00/year/unit Cost: $4,600.00 ROI: $900/$4,600 = 20% Now more than ever: FOCUS WINS What are you focusing on in 2024?

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Cole Baker

Multifamily Real Estate Investor

2mo

📌 QUESTION OF THE DAY What's the toughest problem you had to fix on the day it occurred? A. Stolen Material B. Storm Damage C. Plumbing Issue D. Other Share your answer & why below!

Cole Baker

Multifamily Real Estate Investor

2mo

♻ Repost if this hit home!

Cole Baker

Multifamily Real Estate Investor

2mo

Thank you for reposting the post, MARIO DeNOVELLIS!

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Cole Baker

Multifamily Real Estate Investor

2mo

Thank you for the repost, Tom Ordanis!

Cole Baker

Multifamily Real Estate Investor

2mo

Adebayo, thank you for the repost!

Cole Baker

Multifamily Real Estate Investor

2mo

Thank you for the repost, John Budd!

MD Kafi

Founder & Lead Generation @ B2B lead generation | Online Research, Data Entry

2mo

Thanks for sharing

Gary Lucas

Automation Project Engineer at Zaic Design

2mo

When I was growing up working with my dad in the electrical contracting business he hated hiring subcontractors. It was more about the work getting done on our schedule not theirs, and the quality of their work. So we learned to do everything ourselves. Electrical, plumbing, carpentry, hvac, concrete, welding, sheetrock, flooring, painting, trenching, cranes, core drilling, underground wire locating, machining, we pretty much did it all. So I have been the guy on speed dial for a very long time. However, I recently had a contractor change out my water heater because I am getting a bit to old to wrestle those in and out anymore. We had a problem with it right away, the relief valve keeps leaking and filling the pan under the heater which causes them to rust out. I think an expansion tank is needed.

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