How to manage rehab remotely

[Linda Zhou]

Hi

I live in California, I am going to buy a house in Dallas. I visited there and like a house I saw. But this house is going to need a lot of repair. It is estimated to be $30,000. My agent has a rehab crew and she is going to help me to do the rehab. Can somebody tell me how to manage the rehab process remotely? How can I make sure that they do not over charge me?

Thanks

Linda

[Dmitri L.]

 My 2c - this is the wrong question to be asking. 

You should be thinking about how to make sure the job gets done, gets done correctly, and gets done on time. For this you should probably expect to pay a little more than if you were local on the ground and could track everything yourself on a daily basis - if someone has to do that work on your behalf, your gonna pay for it up front. Or if its not done, you're gonna pay for it later ;) Just factor that into your deal analysis as a cost of doing business in a remote market

My only advice is to understand how everyone in the transaction is getting paid, and make sure their incentives align with yours. Good luck!

D