Rehab remotely?

[Naga A.]

Assuming that I engage a general contractor (who was recommended on BP) to do a rehab work on a property (nothing heavy, probably a 10K to 15K rehab work (external and internal painting, flooring, kitchen etc.), being an out of state investor and not being able to monitor his work directly, do you think I should hire someone local as a project manager to supervise the GC's work (that is if I find somebody who can take such a project manager job for 1 or 2 thousand dollars) or can rely on the GC to do his work and may be ask my property manager to check his work a couple time during rehab ( in the middle and after the rehab work)? This is not a flip, but a buy and hold (and rent) property. What do you think?

[Dawn Anastasi]

@Naga A.

There have been stories of contractors ripping people off from out of state and there have been situations where it has worked really well. You have a greater chance of it working well if you work with contractors that are licensed versus any yahoo from Craigslist. It's also a good idea to have someone local in the market work with you, but that person also has to be reputable and honest.