Keeping an Eye on Contractors/Rehab for OUT OF STATE INVESTORS

[Keith T Williams]

Hi everybody! I'm an out of state investor and will be flipping properties in Illinois, while I live in Florida. Does anybody have any advice or tips on how to manage a rehab process and make sure the contractors are working on schedule? Especially if you live out of State and cannot manage them or go physically to the property?

[Justin Moy]

I'd suggest having a partner that is local to the area. If this absolutely isn't possible, then I'd plan on taking both scheduled and nonscheduled trips out there to inspect work on a couple of projects. 

Once you start to get comfortable with the team then you can back off a little but you have to have some type of presence in my opinion for things to go as smoothly as possible.