Hiring Boots on the Ground for Rehabs

[Rick Albert]

I am considering flipping in Birmingham. My concern is that I'm out of state. I know they can take photos/videos, creative payment schedules, etc. but often times that isn't enough, especially when it comes to the little details.

Have you experience hiring your own project manager to assist with things like this? What have you seen? What was the payment like?

Any assistance would be appreciated.

Thanks!

[Ko Kashiwagi]

Hi Rick,

I currently have an out of state deal managed by my Property Manager. Mine is a BRRRR and the PM is getting the lease agreement so it's a win-win. For a flip, maybe you can get the agent to do it so they can be the buyer's and listing to double dip? Creating win-win like this is my personal favorite.

I've also paid a realtor hourly to be a Project Manager once and just paid per visit/hour with a bonus for getting the project done on time.

I always try to have multiple layer of eyes for out of state deals - agents, Project Manager, Property Manager, contractors, subs, boots on the ground to ensure things get done quick