Description
Is it just me or does $25,000 for a bathroom sound normal? Since COVID, construction and renovation costs in Quebec have exploded, while finding a reliable contractor somehow feels harder than ever. Calls go unanswered, appointments take weeks, unexpected extras pile up, and sometimes you get billed even when the work doesn’t get done.
In this episode, I look at what’s driving the problem, including the retirement of skilled tradespeople, labour shortages, inflation, rising wages and the enormous amount of capital chasing a limited number of qualified contractors. I also share practical ways landlords can protect themselves: supervising jobs closely, questioning invoices, understanding exactly what they’re buying and catching expensive exclusions before signing a contract.
Construction is one of the toughest parts of operating buildings today, but investors who learn to manage it will have a serious advantage.
Want to talk strategy for your portfolio, business, or next move? Book a free discovery call through Equity Builders Club:
https://www.equitybuildersclub.com/book-a-discovery-call
You can also pick up a copy of Mindful Landlord on Amazon:
https://terrieschauer.com/mindful-landlord/
Attend our next Equity Builders Club networking event to get around like-minded investors:
https://www.equitybuildersclub.com/events
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