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Updated about 6 years ago,
Remote Contractor Management
So a typical deal is going to involve various contractors doing work over a few weeks or a month.
Contractor Management 101 is to have a qualified, trusted individual walk the property something close to daily. Payouts to contractors are based on work performed correctly.
When buying remote properties, how do you manage the contractors? I'm even wondering about the simple things, like:
1. Getting bids and information
2. Monitoring progress
3. Assessing work quality
4. Paying based on milestones
Has anyone developed a system for this that they will share?