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Updated over 5 years ago,
Using Property Manager For Rehab
Hey community wanted to see what everyone thoughts were on using your property manager to manage and handle the rehab process? This would include hiring the contractors and over seeing the process. I am an out of state investor and I think it is a nice possible solution for managing the whole process, however I do have concerns.
I think that having the property manager handle the rehab does take away some checks and balances with ensuring the rehab is completed to high standards. I could see some companies to take advantage of this and charge more for the rehab and only complete enough to make it look complete and pocket the rest.
What are your guys thoughts?