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Updated over 5 years ago,
out of state renovation
Hi all!
I am a starting investor, which own SFH that is occupied until 31 July.
I was informed by my PM that some renovation is suggested before leasing it to the next tenants(painting, fixing basement floor ETC).
As out of state owner, I contemplate how can I supervise the renovation? Not sure how to, how should I manage it? Should I just trust the PM? Should i create contract for the work? How can i make sure it won't take more time than i was told initially? Maybe i should interview contractors myself?
Any suggestion would be highly appreciated! How would you do that? What would you notice? What is your perspective?
The expected renovation should be small- 2000$ to 5000$, but still i am trying to avoid potential future issues.
Thank you very very much!!!