Tuesday, March 23, 2010

Running your own business is always going to be full of challenges and surprises.
Being able to roll with the punches while remaining calm and clear-headed under stressful situations is imperative to your success, and once you’ve learned to mastered this specific skill set there will be no obstacle that you cannot overcome.

Last week, I had one of these unplanned instances happen.
During one of the worst storms NJ has seen in years, a neighbor’s tree came crashing down on one of my duplexes, smashing through the roof and causing tremendous damage.
To make matters worse, I started construction on my most recently purchased duplex that same day and had a truck load of material being delivered that very morning!

I had to remain calm, and decided to write a punch list of my priorities, given the circumstances:

  1. Relocate the government-subsidized tenant to a safer location
  2. Call the City of Paterson to check if there were any mandated laws I had to comply with for securing the property
  3. Call my insurance company to report the claim
  4. Arrange several contractors to bid on the job for tree removal and necessary house repairs
  5. Find and contract a reputable independent insurance adjuster to help me with my claim
  6. Contact Section 8 offices to inform them of the situation and to arrange a Section 8 inspection
  7. Make sure that the Lowe's delivery to my new project was handled and received correctly

I then went about executing this punch list in order, one by one.

I had the tree removed by the lowest biding contractor.
I met with a insurance adjuster, who was highly recommended by a colleague.
I drove the tenant to a family member and agreed on subsidizing her with $35 per night until her home is deemed safe by Section 8.
I arranged a re-inspection with Section.
And lastly, I had the delivery pushed back to a later hour so that I could be there to receive the shipment.

Each obstacle was easy to triumph over because I was able to remain calm and had all of the necessary contact information readily organized for situations just like this one.








Sunday, March 21, 2010

I started Construction on our 7th duplex this past week
Intentions of this purchase is to by and flip. Due to the location, Size and the fact that this home has a driveway with a garage I feel strongly about the ease of which we will sell this property.


This is the 9th multi family home which I have rehabbed since I started back in 2008
and so far things are working out great.

Old Steam boiler





New Steam Boiler


On my rite is a close friend who has done some work for me in the past. He is taking care of painting,sheet rocking and Spackle a long with roof work, exterior paint, siding repair, power washing, and more. Its always more fun working with a friend!

We re-Sheetrock over the old panel walls it gives the home an entire new look and feel.




Below is some material delivered from Loews


I go to Lowes and Home Depot before every project, I mark down every individual skew for each item which we intend to purchase, i then submit the skews with the required quantity to the bid room. i then go with the best offer. (For other items such as kitchen cabinets,tiles and paint i go to specialty stores)
not only does going to a bid room save me money, it also saves me a lot of time. i have all of the product shipped to the job site at one shot, saving us countless trips to home depot and back, and Time is Money