Hiring contractors is a crucial part of any house flipping, rehabbing, or BRRRRing strategy. These are the people who will keep your timeline tight, your budget at its baseline, and either keep you up all night with worry or allow you to stay restful during the stress of a deal. When you hire a contractor, simply knowing the price isn’t enough, but that’s what most real estate rookies tend to get stuck on. Take Tarl Yarber’s advice and make sure your newest contractor matches these six crucial qualities.
Tarl has flipped and BRRRRed hundreds of homes. He knows what makes a great (and not so great) contractor. From the get-go, Tarl can tell which type of worker will do the highest quality job, stay in constant communication, and allow him to realize the profits of the real estate deal. But, even veterans can make mistakes, which Tarl goes over in detail during this tip list.
So, before you start hiring out electricians, plumbers, painters, and everything in between, make sure your workers are hitting the marks you need them to. Not doing so could lose you money, time, and a potential deal!
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00:00 6 Common Mistakes When Hiring Contractors
01:54 1. Cheapest ISN'T Always Best
03:47 2. Get Multiple Bids
04:57 3. Have a Clear Scope of Work
07:07 4. Have a Crystal Clear Contract
08:45 5. Define Your Draw Schedule
12:24 6. Know How to Handle Change Orders
14:31 Bonus Tip: Spend Time on Planning!
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Recommended Reading >> bit.ly/32kRpzw
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