Real Estate Investing Tip: Building your Network, Power Team Questions # 31 - Asbestos Removal

BUILDING YOUR REAL ESTATE INVESTING NETWORK - As you build your Power Team you may want to have several questions that you ask each potential member.

It has been estimated that 3,000 different types of commercial products contain asbestos. In homes built prior to 1978, asbestos is most commonly found as thermal insulation on boilers and pipes.

Unfortunately, it can also be found in many other household materials, which include:

- Blown-in attic insulation

- Vinyl floor tiles

- Glue that attaches floor tiles to concrete or wood

- Some forms of linoleum

- Window caulking or glazing

- Roofing materials

- HVAC duct insulation

- Siding material

- Plaster

- Fiber cement siding

- Corrugated heavy duty panels

There is not an exact script to interview your Asbestos Removal Contractor, but here are several questions you can consider asking your Asbestos Removal Contractor:

1. For asbestos abatement, will the contract specify that a visual and air clearance test be passed?

2. Will the service provider cover costs associated with failing a clearance test?

3. What is the schedule timeline for their services?

4. What does the final inspection or abatement written report look like?

5. Can you provide paperwork that your company is certified to remove asbestos and can you provide a copy of asbestos license?

6. Has your asbestos remediation company earned and maintained a Diamond Certified rating?

7. How many asbestos removal jobs have you done in my local area?

8. Will the asbestos removal work require permits and if so, do you apply for and get the permits?

9. How is the cost of asbestos removal calculated?

10. What are all the services you offer? Does your company do inspection as well as removal?

11. Are you licensed, bonded and insured?

12. Does the contractor carry general liability and errors-and-omissions insurance with specific coverage for asbestos?

13. How long have you been in business and can you provide references?

14. Can I get an email and secondary number either cell phone number or office phone to contact you with further questions?

Remember every day you need to say and repeat...THIS IS MY REAL ESTATE BUSINESS! Follow your passion and make your dreams a reality! You can do it. Believe and Achieve! - Joe Jurek 

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