Every member of your real estate investing team is important. All it takes is just one person to drop the ball to send you in scramble mode. This can result in increased expenses, delayed turnover and rocky relationships with everyone on site.
If your investing focus is rehabs and flips perhaps the most important team member is your contractor. They hold the key to the work being done, how likely you are to stay under budget and just how quickly the property is finished. A good relationship allows you to focus on other projects and grow your business on your time. A poor relationship will have you driving to the property every day and constantly keeping everybody in line. Here are five important tips to help improve the relationship with your contractor.
It may take some time to develop but you and your contractor should feel like a team. You are both reliant on each other to maximize the bottom line and generate income. The better you are at communicating your expectations the better the relationship will be.
BY JD ESAJIAN @ CT Homes LLC // MARCH 23, 2018