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Updated over 8 years ago,
How closely should I monitor my rehab?
I invest at a distance with my properties being an hour from where I live. I buy and rehab to create solid rentals. I am starting my second rehab today with new contractors that I have exported the work to. My first rehab I did all the work myself. We are starting with the foundation being leveled this morning. I have an active realtor that is my eyes and ears on the ground that confirmed they arrived promptly at 9:00 this morning. The property needs 30k in work to get rented.
I wasn't planning on visiting the job site until next week to monitor because it is a 2 hour drive round trip. My question is how closely should I monitor this rehab? I was planning on doing a once a week walk though with my realtor to monitor progress. Is that enough?