You Can Have Two of Three Things-Which Do You Choose?

By
Property Manager with HomePointe Property Management, CRMC 00691121

My wife and I are doing a major remodel to our house in Land Park which is a neighborhood in Sacramento, California.

Our remodel started early in 2009, about mid February.  We are still not back in our house although we see the light at the end of the tunnel.  Maybe late March for a move in date. 

This remodel involves all new electrical, plumbing, sewer, gas lines, additional square feet both up and down stairs.  new duct work and all new HVAC, appliances, flooring,  to name most of it.

I had lunch with my contractor this week and asked about the schedule and possibliity of him completing the work in March.  He told me that in contracting, you can have two of three things.  

The three things are price, time, and quality.  Since I could only have two I chose price and quality.  So I had to stop thinking about time.

This does not seem to translate into property management.  My clients want all three.

Posted by

Robert A. Machado, CPM, MPM

HomePointe Property Management

Sacramento, Yolo, El Dorado, and Placer Counties

We manage residential and commercial property.

916-429-1205 x 105

rmachado@HomePointe.com

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Rainer
164,185
Howard and Susan Meyers
The Hudson Company Winnetka and North Shore - Winnetka, IL

Good luck on your project.  I find your contractor's choices very interesting but I wonder if he gave you those choices before you signed on with him.  I suspect that you had already agreed upon each of these categories when you signed the contract.  My clients also want all three and we should expect the same from the people that we hire.

Jan 08, 2010 02:35 PM #1
Rainmaker
1,278,994
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

.....clients who take the long view with their real estate want all THREE.  Clients who will sell in 2 to 3 years, want price and SHOULD want time....I hope you guys are tele-commuting from the beach in Maui or golf course at Kapalua!!!

Jan 08, 2010 09:28 PM #2
Rainmaker
453,766
Allison Stewart
St.Cloud Homes - Saint Cloud, FL
St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904

You may want to rent the Money Pit- the time issue was answered with the classic line "Two weeks"

Jan 08, 2010 09:52 PM #3
Rainmaker
266,354
Dora & Vincent Kwok
HomeSmart Real Estate - Chandler, AZ
CNE - Chandler, Arizona Real Estate

Most people want to find a good balance of all three points. 

Jan 09, 2010 04:13 AM #4
Rainmaker
262,892
Paula Swayne
Dunnigan, Realtors, Sacramento (916) 425-9715 - Sacramento, CA
Realtor-Land Park, East Sac & Curtis Park -Dunniga

Hi Bob!
Hmmm....I don't think I would like that answer!  If my contractor bid a job, gave me a finish date and used the materials that I wanted him to use, then that is what I would expect.  An indefinite finish date like that would drive me crazy!  You must be a very patient soul!

Jan 09, 2010 12:11 PM #5
Rainmaker
254,487
Robert Machado
HomePointe Property Management, CRMC - Sacramento, CA
CPM MPM - Property Manager and Property Management

My remodel turned into a more rebuild with all the things we have done.  My contractor is practically a part of our family, he has built a house for us and done two remodels.  Plus, we manage property for him.  Since I trust him I do sleep well knowing the job will be done correctly and for a good price.  Time is relative to the job so I am patient.

Jan 09, 2010 03:18 PM #6
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Rainmaker
254,487

Robert Machado

CPM MPM - Property Manager and Property Management
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