Biting off more than I can chew

A couple days after completing my first condo job, I get a call from the property manager. He wants me to take a look at a property on a lake. It is four stories high and seven units long. I have to reach out to the COA board president to discuss this but in looking at pictures online, I’m thinking this is a bit of a stretch for me,myself and I to tackle. Maybe I’m overthinking it? I will go out to walk the property just for the experience but with just about a year under my belt, my gut says this might be too much. The good thing is that the property manager was extremely happy with my work and he does have several other properties that he manages. rb_photos_0004_E7B3F2A8_345133_635361785709937500_800x600

Walk away. Odds are, you insurance only covers you up to three stories. Probably need a lift to actually spray into the balconies and rakes running up the roof line. If it is near water there will be spider webs everywhere
I did these every year for about 10 years. Two years ago I got down there, lift had already been delivered, and decided I wasn’t doing it anymore. To much headache.
http://wharflandingedenton.com/

1 Like

Yeah, I was thinking about the insurance. I mentioned that I would need a lift and the PM said he didn’t think they wanted to do that. I don’t think he realizes what it would take to clean this up. My initial thought was to decline on the phone. I probably will when I speak to the COA president. The more I think about it the more it doesn’t make sense to even entertain the thought. The newbie in me wants more. The wisdom in me says “walk away”. Thanks for the input.

4 Likes

Walk away, Sometimes you will make more money on the easy stuff anyway

1 Like

Already did. :wink:

Kinda feels good right? lol

2 Likes

That would be crazy not to use a lift lol plus even a lift would be hard to many hills. My dad cleaned places like this but his work trucks were all boom trucks that pulled his rigs on trailers.

1 Like

Man I would wash that thing in a heartbeat but I already do a few apartment buildings. Lots of things to consider but you can do it dont be afraid to throw a number at it. Yes they are alot of work but buildings like that also cost big money to clean. How many companies in your area clean buildings like this? If you are scared of it maybe try and partner with another company split the profit and move on

It’s not being scared, it’s analyzing the risk vs reward. In this case for him he feels the risk outweighs the reward. I myself would pass on this

7 Likes

Same would probably end up losing money.

I dont think its possible to loose money on that job but I’m in va. I dont know what that type of building brings in his location

I don’t think he means losing money just on that job. He means he can make more money in the same amount of time doing other jobs.

2 Likes

Yeap, happened to me on that deck Friday lol

1 Like

I think all of us at one time or another have done a job we wished we’d walked away from

4 Likes

That’s for sure. I know I have.

1 Like

Oh that’s for sure but doing that one could lead to doing a bunch of them and that’s good money either way

2 Likes

Whats your plans for doing the balconies and forth storey

40 foot ladder or a lift hard to tell from the picture. I would just build the lift Into the price. As far as Insurance goes you can get a rider policy for 56 feet. Building looks like its mostly windows. I would up sell that as service. Alot of questions need to be asked about that building before you could start the height is not the problem its location and proximity to the water you going to need a citrus based cleaner at least as a base to start with. Is that building rented or do people live in it year round we have something similar to it at the marina but it’s a hotel basically

2 Likes

I would reach out to a freindly conpetitor. I bid one similar a few weeks ago. I wasn’t comfortable going at it a lone so I reached out to another company to do it with me. Hopefully we get it. I’d like the experience.

This building was about the same size but not near water.

3 Likes

One you do one big building you will more comfortable I like doing big buildings. It’s the challenge for me. But then again I love the super nasty jobs also

1 Like