HomeContractor Benefits

Contractor Benefits

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Why Contractors Love Working With Us?

We work hard to create positive and productive mutually beneficial relationships with our affiliated businesses and contracting teams. We strive to assist in the business development of our contracting teams with a goal of mutual growth and continued, long-term success. The use of our proven construction rehab system results in a more predictable and efficient process which consistently creates a superior product and increased profit for our contractors.

Here are just a few of the benefits of working with Success Story:

WE LOVE TO PAY OUR CONTRACTORS

Let’s get this straight right up front: Unlike some companies you may have worked with in the past, we love to pay our contractors. Really. We know you’ve got a business to run and bills to pay—so do we. We understand that when you complete a payment milestone that you want to get your payment as soon as possible. And we know that it’s in our interest to have a committed, happy contractor as a partner. So we will pay you—and pay you promptly—as the work is completed in the stages laid out at the onset of the project.

A STEADY STREAM OF WORK

Our business strategy is to purchase distressed residential properties, and then renovate and sell them to retail homebuyers and landlords. We have a dedicated acquisition team constantly scanning the market for properties that meet our investment profile. Our acquisitions specialists only get paid when we purchase a home, so they are highly motivated to find properties giving us a steady supply of projects for you and your team. We also work with a national group of investors who provide us with the funding we need to finance our aggressive approach to buying, rehabbing, and selling properties in short timeframes. This resource of funds allows us to buy properties quickly and consistently.

WE’LL HELP YOU CREATE NEW BUSINESS

We pride ourselves on having a strong foundation of real estate knowledge and training. Our core business lies within our systems, education, and knowledge of the real estate industry. We didn’t just become a real estate investor overnight. We have spent thousands of dollars on education and systems that allow us to be successful in this business and do it the right way the first time. We actively share our knowledge with our contractors, providing them with the information they need to help develop their own businesses and create long-term success—for themselves and for their workers. Renovating several homes a month generates tons of old and new clients asking for renovation advice, and more important, a “Good Contractor.” We believe wholeheartedly in recommending the people who help support our growth and would gladly recommend you and your team.

WE’LL MAKE YOUR LIFE EASIER

We have a proven system in place with a pre-determined Scope Of Work containing all the details of the renovations in one spot, making life much easier for our contractors. We select all the materials that will go into our homes, and we clearly lay out everything that we want done by our contractors, so that they can focus on doing the work they do best—contracting. Working within our system will allow you to move from job to job to job, and not have to worry about where your next job is coming from. We always hear from our contractors that one of the best things about working with Success Story is how every component in the Scope of Work is line-itemed, and materials often even have the associated SKU# and where to purchase it included. We know time is money for both of us, so we do the extra work on the front end to make sure our budgets and timeframes are very accurate.

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Short & Long Term Renovation Goals

As well-established real estate professionals, we are in this business for the long haul. We place a high priority on developing long-term relationships with our customers and our contractors so that we all achieve our goals.

SHORT TERM GOALS

Our short-term goal is to aggressively expand the presence of our business in surrounding markets. Our current annual projection is to renovate two or more homes a month and acquire a new rental property. Rehab budgets on our projects range anywhere from $5,000 on a rental property to $250,000 on a full rehab. Typical project timeframes generally run from 3-6 months. Our goal is to turn around our projects at a rapid pace so we can get paid as quickly as possible and use those profits to immediately start on the next rehab. This ensures that we and our contractor teams have a steady supply of work.

Our 5-10 Year Vision

LONG TERM GOALS

Our long-term goal is to grow our operations into multiple target markets across the country in the coming years.

What this means for you is we will create a growing stream of rehab projects for our contractors to work on long into the future, providing our affiliated contractors with a reliable source of projects for many years to come.

INVESTMENT & REDEVELOPMENT STRATEGY

Our business strategy—which has proven to be very successful for us—is to purchase undervalued 1-8 unit residential properties, renovate them to a highly desirable condition, and sell these properties directly to single-family homebuyers or investors as quickly as possible after completion.

To generate value, we focus on aggressive project management coupled with the use of highly skilled and professional independent contractors to complete our renovations. In addition, we employ proactive marketing tactics to pre-sell our properties during the rehab stage instead of waiting until the project is complete. This gives us a head start that often enables us to sell our properties before the paint has even dried on them. Successful execution of these strategies rely on the high quality of work performed by our contractors, which is why we put such a high premium on finding the best contractors in the area and then developing long-term, mutually beneficial winwin relationships.

Why Our Model Works

  • Speed and efficiency in the rehab process
  • Quality of workmanship
  • Community appreciation
  • Mutual respect for everyone’s time involved
  • Integrity of product delivered to the marketplace

COMMUNITY VISION

We actively strive to increase homeownership opportunities within the communities we redevelop and improve the quality of life for the people who live in them by providing quality homes for a reasonable price.

Sample Scope of Work

Scope of Work - Single Family,

PROJECT INTRODUCTION & INTERVIEW:

Gorgeous renovation in the central neighborhood of El Cajon. This 3BR, 2 BA 1 story home is located near Granite Hills High and Wells Park.

REHAB OVERVIEW:

The home needed a few cosmetic repairs and updates throughout including kitchen and master bath. Electrical plumbing upgrades were completed as needed to comply with close regulations.

CONTRACTOR OVERVIEW:

Licensed contractors were hired to complete all renovations

DEMO (EXTERIOR):

  1. Remove all debris in front and back yard
  2. Remove roof from covered patio (use structure to create pergola)
  3. Remove temporary roof over side yard
  4. Remove lighting from covered patio

GENERAL (EXTERIOR):

  1. Construct 4’ fence around pool equipment
  2. Build pergola off of existing covered patio structure
  3. Paint entire house per color scheme
COLOR LOCATION COLOR CODE FINISH
Valspar/Lowes Stone Manor; Exterior 6006-2A Flat
Extra White Sherwin Williams Exterior Trim 7006 Flat
Black Front Door/Pergola    
Extra White (Sherwin Williams) All ceilings 7006 Flat
Navajo White (Sherwin Williams) Bathrooms SW 6126 Semi Gloss
Navajo White (Sherwin Williams) Laundry, Kitchen, Bedrooms SW 6126 Flat

ROOF:

  1. Remove existing roof
  2. Replace any damaged sheeting or starter board
  3. Install new 15 lbs felt paper
  4. Install new dimensional composite shingle roof (charcoal color)
  5. Paint all roof penetrations black

LANDSCAPE:

  1. Removal all debris in front and back yard
  2. Removal all weeds in front and back yard
  3. Install sod in the front and back yard
  4. Cut in planter boxes next to house and fence in front and back yard and plant drought tolerant plants
  5. Test irrigation system and repair where needed or install one in front yard

WINDOWS:

  1. Replace all windows with retro fit insert windows
  2. Replace all sliders with retro fit

DEMO (INTERIOR):

  1. Remove all trash in house
  2. Demo kitchen and remove cabinets
  3. Demo existing bathroom toilet, vanity, tile floor and shower surround
  4. Remove all tile flooring
  5. Scrape popcorn ceiling
  6. Remove all window coverings
  7. Do not damage wood floor as we are keeping it (install rosin paper to protect flooring)


GENERAL (INTERIOR):

  1. Construct new bathroom where existing bedroom is (see layout)
  2. Construct new stackable laundry closet in hallway (see layout)
  3. Change all door hinges and hardware with brush nickel
  4. Retexture ceiling
  5. Install new ceiling fans in all bedrooms
  6. Combine both back bedrooms to create large master suite (see layout)
  7. Close off door to existing bathroom and construct new door going into master suite (see layout)
  8. Change front door hardware - Home Depot #640-064 $169

KITCHEN:

  1. Install backsplash - DalTile Travertine 3”x6” honed $6.11/sq ft #T711361U (installed subway style and to the bottom of the cabinets)
  2. Install backsplash accent tile 4” strip – DalTile American Olean Legacy Glass Celedon 2”x2” LG03
  3. Install new stainless steel appliances
    A. Frigidaire FFFTR2126LS 21 CF Top Freezer Refrigerator - $625.00
    B. Frigidaire FFFMV162LS 1.6 CF 1,000 Watt Range Microwave - $269.00
    C. Frigidaire FFFBD2406NS 24” Built in Dishwasher - $295.00
    D. Frigidaire FFFGF3047LS 30” Free Standing Gas Range - $556.00
  4. Install new faucet - Proflo PFXC8011BN Single Handle Kitchen Faucet w/ Pullout Spray (Low Lead Compliant) - $180.65
  5. Install new countertops – Rainbow Stone “New Venetian Gold” Granite
  6. Install new cabinets – Home Depot American Classics Harvest Finish
  7. Install 4 recessed lights
  8. Paint as per color scheme



HALL BATH:

  1. Install new vanity (espresso finish)
  2. New Faucet - Grohe G20209002 “Eurostyle Cosmopolitan” 8’’ Widespread Bathroom Sink Faucet - $160.10
  3. New toilet (Elongated Bowl)
  4. New tub - Sterling S610411100 “ALL Pro” 60” Soaking Tub – 128.90
  5. Shower head and trim kit - Grohe G26017000 “ BauLoop” Tub & Shower Faucet Trim - $130.95
  6. New shower valve - Grohe G35015000 Tub & Shower Valve - $67.50
  7. Install Tile surround – DalTile Rittenhouse Square 3”x6” Matte Almond $2.70/sq ft #X735 (installed subway style, tile to ceiling)
  8. Accent Tile 12” Strip – DalTile Stone Radiance Whisper Green Blend (installed roughly 5” up the wall)
  9. Tile floor – DalTile Travertine 18” x18” Honed $1.99/sq ft (installed subway style)

MASTER BATH:

  1. New toilet (Elongated Bowl)
  2. New tub – Home Depot #693-952 $209
  3. Install new vanity (espresso finish)
  4. Tub spout - Grohe G13611000 $14.65
  5. New Faucet - Grohe G20209002 “Eurostyle Cosmopolitan” 8’’ Widespread Bathroom Sink Faucet -$160.10
  6. Install Rain shower head and regular showerhead - Moen MS6360 2.5 GPM Flat Rain Showerhead - $125.10 & Grohe G19595000 “ BauLoop” Shower Head with Trim Kit - $47.25
  7. Install 2 new shower valves - Grohe G35015000 Tub & Shower Valve - $67.50
  8. Install Tile Surround - DalTile Fabric 12”x24” $3.70/sq ft #P687 (Installed subway style, tile to ceiling and tile ceiling)
  9. Accent Tile on control wall – DalTile Class Reflections Subway Mint Jubilee 3”x6” 9.06/sq ft #GR15 (installed subway style)
  10. Tile back splash behind mirror to ceiling - DalTile Class Reflections Subway Mint Jubilee 3”x6” $9.06/sq ft #GR15 (installed subway style)
  11. Tile floor- DalTile Veranda 13”x13” Dune $3.70/sq ft (installed subway style)


BEDROOMS:

  1. Install slab closet doors (make sure they are hallow core interior doors converted to closet doors, install ceiling and floor track as well as hardware
  2. Lighting – Home Depot Hampton Bay 2- Light Flush mount With Opal Glass, #534-435, $39.97/ea

PLUMBING:

  1. Check all existing plumbing & repair/replace as needed, per code
  2. New angle stops on all water lines
  3. Check gas lines & repair/replace as needed
  4. Check all drain lines & repair/replace as needed

ELECTRICAL:

  1. Replace all outlets & switches
  2. Check all wiring & replace where needed, per code
  3. Install recessed lighting as per drawing
  4. Check panel & repair/replace as needed
  5. Install Dead Panel if missing
  6. Check for open junction point in attic

HVAC:

  1. Inspect and repair as needed

COMPLETION OF FINAL PUNCH LIST:

General Contracting Work - $33,300.00

All framing, counters, cabinets, paint and patch. fixtures, backsplash, windows and doors.

Appliances - $2,000.00

Stainless steel refrigerator, free standing range, hood and over the range microwave, dishwasher

Electrical - $2,750.00

Install new fixtures; add recessed lighting, replace outlets and switches, panel upgrade

Plumbing - $6,500.00

Install new toilets, facets, shower valves, kitchen sink, garbage disposal, dishwasher, add tub and shower

Landscaping - $2,000.00

Flooring - $1,850.00

Roofing - $4,500.00

Staging (2 month minimum contract) - $1,500.00

Misc. and Permits - $1,500.00

TOTAL - $55,900

REAL ESTATE EXPERIENCE:

– Bought, Sold, and Owned over 16+ Million in Real Estate in since 2003.

TRANSACTIONS SINCE 2008:

– RENOVATIONS: 28 Bought and Sold

– WHOLESALES: 9 Bought and Sold

– BROKERAGE: 9 Retail Transactions

– SHORT SALES: 3 Fully Negotiated

– CASHFLOWING RENTALS: 34 Purchased

– Motels: 3

– Mobile Home Parks: 8

100 + TOTAL TRANSACTIONS COMPLETED!

SUCCESS STORY TRANSACTION HISTORY

Since Success Story Real Estate was founded in 2003, we’ve closed over 16 million dollars in real estate transactions. Considering the state of our economy and the challenges of our housing market, this is an achievement that did not come easily.

The reason we share our transaction history is not to impress you, but rather impress upon you the fact that Success Story has the experience and expertise necessary to help anyone find a solution to their real estate needs. Choosing the right company to work with will always be one if the most important steps of that process. So how do you get to over 16 million in closed transactions? One house at a time. Here is a list of a few of our closed transactions since 2003.

OUR TRANSACTION HISTORY
314 Westchester Dr. 26 Forrest Green 5833 Gilchrest Rd. 5831 Gilchrist Rd.
5831-A Gilchrist Rd. 316 Fletcher Ave. 319 S. Thompson St. 430 S. Parsons Ave
558 W. French 906 S. Florida Ave. 908 S. Florida Ave. 914 S. Florida Ave.
31446 Skyline Dr. 1266 Essex Rd. 31242 Lake Dr. 8 Lenox Ct.
9 Lenox Ct. 436 Lisbon Pkwy 44645 Lake Mack Dr. 7929 Mariner St.
5202 Cemetery Rd. 31330 Inez De. 44015 Jessie Dr. 251 Anne Ave.
8695 Alexa Dr 8698 Alexa Dr. 8684 Alexa Dr. 438 Cahoon Rs
8125 Old Plank Rd. 8135 Old Plank Rd 8110 Albany St 8120 Albany St.
8130 Albany St. 8150 Albany St. 7845 Stuart Ave. 7853 Stuart Ave.
7861 Stuart Ave. 7867 Stuart Ave. 1255 S. Lake Shore Way 308 S. Thompson
200 Old Daytona Rd. 802 Arizona Rd. 1100 W. 3rd St. 8746 Dandy St.
38820 Tall Dr.      
Palms Mobile Home Park Hontoon Mobile Home Park Westport Mobile Home Park Shady Oaks MH Park
Malabar Business Complex LakeSide Villas Motel Briarwood MobileHom Park Malabar Motel
Trout River MH Park Arroyo Mobile Home Park Happy Time Motel  

Past Projects

A real estate renovation company earns its reputation based on the past projects completed. Every project plays an important part in setting and maintaining the high standards we want associated with our properties. We set high standards for our contractors, enabling us to consistently deliver the best housing products possible to our customers at a fair price. In the pages that follow, you will see a few of our past projects to get a better understanding of our quality expectations. Our goal is to create a product we can replicate over and over again.

SUCCESS STORY RENOVATION PROJECTS

Here are just a few of our past rehab projects:

Before

After

Before

After

Type of Contractor We’re Looking For

An ideal contracting partnership consists of four main components: a consistent work ethic, superior workmanship, maintained job sites, and a passion to achieve a high-quality finished product.

THE IDEAL FIT FOR US

We’re looking for professional contractors who have high standards, with a team of reliable subcontractors who do quality work, and who have been in business for some time—with the track record and references to prove it. Here are some things we’re looking for in our contractors:

  • Fully licensed with licenses up to date. Same with their subcontractors.
  • Insured—including worker’s comp, liability—with a minimum limit of $1 million.
  • Been in business in the area for at least three years.
  • Has a consistent crew of subcontractors.
  • Keeps worksite clean and maintained.
  • Can provide a list of references, with current contact information.
  • Belongs to the Better Business Bureau or one of the national associations of builders or carpenters.
  • Provides written warrantees of a year or more for their work.
  • Is structured as a corporation or LLC.
  • A reputable company with no history of lawsuits.
  • Has financial resources—able to float material cost until work is complete and ready for draw.

WE WORK ON VOLUME

Our strong financial backing allows us to aggressively pursue multiple homes every month through our acquisitions department. The fact that we work on this volume will keep you and your subcontractors busy throughout the year and ensure that you get paid quickly and consistently. There’s nothing worse than losing good subcontractors because you can’t keep them busy. When you find a quality employee, just like us you don’t want to lose them. Our steady-volume approach will save you from headaches and hours wrapped up in finding and having to train someone new.

THE GLASS IS HALF-FULL

We want contractors who have a positive, can-do attitude—sour grapes need not apply! We expect our contractors to be looking at the big picture and to understand the value of the long-term relationship and stability that we offer. As you know, unexpected circumstances happen on a job site. It’s imperative that you, your team, and Success Story are all able to see beyond these bumps in the road, be resourceful, and come up with a timely and amicable solution for everyone involved. Focus on what can be done, not on what can’t!

WE ALWAYS PULL PERMITS!

To ensure that our projects are done right and that buyers feel comfortable that the work was done correctly, we always pull permits. Permits protect both the contractor and us as the owner. If a contractor has a problem with that, then we won’t be working together.

How We Operate

We are experienced, ethical real estate professionals, with a very high level of organization as a result of the proven system that we follow for our projects. Our approach makes our contractors’ lives easier because everything is clearly laid out, ensuring everyone is on the same page from the very beginning. You can focus on what you’re great at—contracting— and we can focus on finding more homes to renovate.

There are six critical documents that we require for all of our projects. To work with us, you will need to complete them.

Thank you Nader for everything. You have been a blessing to me and my wife. I am looking forward to working along side you and the team and I will do everything I can in order to help things run smooth.

Jason

Nader, I never sent you any emails thanking you for all you did to inspire the group and help keep morale up. You did a fantastic job

Penny

First, thank you! I came away with a new and even higher respect for you than I already had. Many people can tell others how much they care…others, like you SHOW it.

Dennis

Nader, it’s an honor to work closely with you and for what it’s worth you have earned my respect and admiration. I look to you as a mentor before I do anything else. The foundation is stronge because of you

Jeremy

I just wanted to let you know that I realized how very lucky and proud I am to have a friend like you. You are quite a wonderful man.

Linda

My time in the program with you has been a great benefit for my personal growth and I will continue that thinking and mind set. Thank you for the time you spent with the group and the love and caring that you shared with us

Letitia

Nader, no one could have done this better. You are a genius at this stuff. I know that it comes easy because you believe it but it’s still impressive.

Nick

Nader is a self motivated, creative mind , active , flexible team player and has leading skills, deep understanding of adding value concept

Mohamed

Over the past 20 years I have worked with hundreds of leaders and Nader stands out as the most dynamic, compelling, hardest working and easiest to do business with. I truly appreciate his collaborative spirit and his intense focus on exceeding client expectations. Nothing he does is "one size fits all." He works hard to understand a client's deepest needs, then builds out a solution to directly address those needs - always bringing new ideas and insights to the table.

Dan

I have known Nader for over 25 years. He has been the best life long friend I have. He is always available if you need him. He has been like a Brother to me. He is brilliant in Business and a true friend in life.

Wayne

Nader is an excellent Coach and he has been a great influence for me. His attitude has impacted my life in a way Nader cannot imagine. He is always willing to help, he always finds a positive way to see life, it is a pleasure to be part of the same Group.

Fabiola

Nader is a Get-It-Done type of person who is exceptional at showing others how to really GetIt-Done and achieve tremendous results for themselves. He has always made me feel empowered and confident, Life without Nader, ...I' can't imagine it.

Chris

Nader continues to exceed my expectations in the way he treats his colleagues. He is always willing to go beyond the norm and that is because he places such a high value on his personal relationships. He has such a kind and gentle way about him that you immediately feel at ease in his company. I continue to learn from him every week and it is a pleasure to call him my friend.

Bob

Taking The Next Steps

If you're bidding on a renovation project, it is very important that we get a response back from you as soon as possible. We take our time parameters very seriously, and it's imperative we start out on the right path respecting everyone's time. We don't always take the "lowest" bid—our expectation is to find the best contractor, the one that delivers a winning combination of price, quality, and service. All three of these components are of equal importance to the success of our partnership.

We look forward to hearing from you soon.