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Updated over 4 years ago,
"Sub out" your renos or hire a GC on smaller properties?
Wanted to get everyones opinions..
We just closed on 22 units mid march and went back and forth on whether to organize the reno work schedule ourselves (schedule the demo guys, painter, buy floor, schedule floor installer, install vanities/fixtures, etc..) or just hire a GC that would oversee the whole shabang.
We ended up hiring the GC and the work has been good overall, but we're not as happy with the timeline.. we have a 18 month term bridge loan in place currently and planned on having these initial units done in half the time it has taken the GC. We're considering firing him and scheduling everything ourselves.
Just wanted to see for something this size what ya'll would do in this situation - especially knowing we have 18 months to refi and want to show our target NOI for a few months before the refi.