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Updated about 10 years ago on . Most recent reply

User Stats

270
Posts
53
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Westin Hudnall
  • Investor and Real Estate Agent
  • Maize, KS
53
Votes |
270
Posts

Need organizational advice on managing hour paid project manager and crew

Westin Hudnall
  • Investor and Real Estate Agent
  • Maize, KS
Posted

morning everyone !

I'm starting a new project where I have hired a project manager with the agreed terms:

A 4 man crew with one being the project manager will be there at all times ($70/hr for the 4 man crew).

My goal is to do everything possible on the front end and throughout to eliminate problems and challenges during the process from a time management ; construction management ; and from a contractor / landlord communication standpoint.

Thanks in advance for advice on these 3 points

Most Popular Reply

User Stats

192
Posts
74
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Scott Dixon
  • Rental Property Investor
  • Champaign, IL
74
Votes |
192
Posts
Scott Dixon
  • Rental Property Investor
  • Champaign, IL
Replied

@Westin Hudnall 

I recently completed a sizable rehab on a large 1904 built home (divided into a duplex) and paid the crew hourly.  Looking back I would have to agree with @Peter MacKercher that paying hourly for a sizable project is a bad idea.  I ran into the crew showing up and doing "work" but they lost track of the end goal of completing the project on time and on quality.  Then when they had another project come up they were ready to get everything wrapped up and didn't get me to the finish line like we agreed.  I had little leverage because I wasn't holding the last installment of their payment like I would have been if we had priced on a project basis opposed to a project basis.

Get everything you want completed clearing outline in a statement of work and have them bid the job.  Spend significant time on this and ensure you have thought through everything, inevitably you will leave something out but get as close as you can.  This is not the step to be lazy on and will pay you back for your thoroughness. Then you can go right done the checklist and ensure everything is done or they don't get paid.  

Best of Luck with the project

Scott Dixon

  • Scott Dixon
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