Cash Flow Friday Tip #21: How to avoid this common HVAC scam
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
4.8 • 679 Ratings
🗓️ 5 June 2015
⏱️ 7 minutes
🧾️ Download transcript
Summary
In this week's Cash Flow Friday tip I'm going to share with you a very recent situation I encountered with an HVAC contractor on one of our properties here in Florida and how we almost got ripped off. This is an important lesson for anyone who is a landlord or owns income property and has a property management company handling their repairs.
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Transcript
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| 0:00.0 | Welcome to Kevin's Cashflow Friday Real Estate Tip, where Kevin shares with you strategies and tips that will help increase your cash flow, |
| 0:12.8 | make you a more sophisticated investor, and provide you with the tools necessary to take your real estate business to the next level. |
| 0:19.5 | Now, here's the man you've been waiting for, Kevin Bub. |
| 0:23.3 | Hey guys, Kevin Bubb here with episode number 21 of the real estate investing for cash flow, |
| 0:27.9 | Cashflow Friday tip. |
| 0:29.4 | Thank you for joining me today as I share tips and strategies that will hopefully bring you |
| 0:33.0 | a ton of value and help take your real estate business to the next level. |
| 0:36.6 | And in this week's Cashlow Friday tip, I'm going to share with you a recent situation that I encountered with an AC |
| 0:42.4 | contractor here in one of our properties in Florida and how you can avoid being ripped off |
| 0:47.2 | like we almost were. So we own a mobile home park here in Florida, which was in need of both |
| 0:52.7 | a new air handler and a condenser, so the |
| 0:55.2 | inside and the outside unit for one of our rental units. |
| 0:58.3 | And after numerous discussions with an AC contractor, one who we had never used before in the |
| 1:03.6 | past, we agreed upon a three-ton split set unit with a heat pump. |
| 1:08.8 | So it's a three-ton unit, air handler on the inside, condenser on the outside, and it's got |
| 1:12.6 | a heat pump, okay? |
| 1:14.0 | We had shopped around to numerous other vendors for the best deal, and this guy that we |
| 1:18.2 | ended up going with was about $500 below everyone else, which, you know, should have been |
| 1:23.2 | maybe an immediate red flag for us, but, you know, he's a one-man band. So a lot of times, |
| 1:28.1 | a lot of those guys that are one-man shows are cheaper than the larger outfit. So it wasn't really |
| 1:32.8 | 500 bucks below everyone else. It wasn't that big of a red flag. So I decided to go ahead |
| 1:37.0 | and give him a shot and see how things went. And, you know, just so you know, I know what to look out for. I mean, I've been in his business long enough to where I know all the tricks of the trade. At least I think I do. So I felt |
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