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Updated over 1 year ago on . Most recent reply
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I Finally Hired My First Part-Time Employee
After starting my real estate journey in 2014 and for many years after, I did not understand the impact of having a consistent person to do tasks. In the past, I would have most of the tasks completed by a large company or a general contractor. Just to have my part time employee handle repetitive things like painting, dry wall, flooring, trash, landscaping, demoing, has been a tremendous help. I am able to have less delay time in between tasks.
I am currently paying my employee 25 an hour for non skilled tasks such as the demo work and trash clean up. For the tasks that require skill for instance painting and installing floors I am paying 30 per hour.
Next year in 2024 I plan to add a second employee part time. The plan would be to BRRRR 2 homes at the same time with the help of my workforce. If anyone has experience on building a small team please share. Maybe you can provide some ideas to me in this area because I am new at building a team.
Most Popular Reply
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Are you a licensed, bonded, and insured general contractor?
If not, I would be very concerned about paying an employee to do any site work (let alone demo work where there are 100 different ways they could get injured on the job).
I understand the point of your post is to celebrate this milestone in your business and I am happy for you.. it's awesome that you are expanding. But you need to be careful with this one in my opinion.
When I clicked your post I figured you hired somebody to do door knocking, send mailers, order project materials, help with accounting, manage your social media, etc. Back office stuff. Not construction work...