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Updated 11 months ago on . Most recent reply
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Hiring where to start?
Hello everyone, I've been buying and rehabbing properties for long term rentals for going on 8 years now. I enjoy buying properties, designing them, and seeing the end product. However in the past I've done the majority of the physical labor and have grown weary of this part of the process. I've tried hiring contractors but the cost seems so high it's hard to make deals work, so my question is where do you find people to hire full time for general work like drywall, flooring, painting etc...... I believe I've got enough work to hire a couple of people full time year round. (Side note I live in a small town so may have to look in the larger city of Columbus which is an hour away. I've even thought of buying a rental house to offer to a full time employee to move to this area but I'm not sure if that would just create more headaches in the long run)
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@Scott Mac and @Marc Winter have good points. You really do not want to take on the angst of hiring your own construction crew. I assume you'd want to do it legally right? The cost of Workers Comp alone can be daunting. Your mileage may vary, but if it's like it was for me (in SoCal), they will count all of your employees as carpenters. Your lowest paid laborers, your bookkeeper, and of course your carpenters. That means adding 50% to their pay right off the bat, so a $30 hr carpenter now costs you $45 hr...that doesn't include the rest of the labor burden like payroll tax, etc.
And then you will have to manage them...if you do not do it they will take advantage of you in a big way. It's so much cheaper to just hire a good GC. You think hiring a GC is expensive and stressful? Lol, you have no idea, my friend....