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Updated about 7 years ago on . Most recent reply

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912
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Patrick Philip
  • Florida
107
Votes |
912
Posts

Any advice on dealing with GC's for rehabs?

Patrick Philip
  • Florida
Posted

I have realized I cannot keep up with the workload doing the work myself. I will be hiring GC's from now on. I was hesitant because I know they could charge an arm and a leg for something that's not even difficult. I have some questions:

1. How much down payment is the standard %?

2. How do I know they will work at a quick pace once hired? I would hate for a project to be put on hold because of a lazy contractor.

Any other tips you could give me would be appreciated. Thanks.

Most Popular Reply

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461
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262
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Doug W.
  • Flipper/Rehabber
  • Alexandria, VA
262
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461
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Doug W.
  • Flipper/Rehabber
  • Alexandria, VA
Replied
Originally posted by @Patrick Philip:

I know they could charge an arm and a leg for something that's not even difficult. 

ROFL! I can't imagine any good or great GC wanting to work for you if that is the attitude you have about their services. 

Tips: 

1) Don't nickel and dime them. This is their job and they need to put meals on their table, too. 

2) Be fair with them. If you are an a**hole then expect the same treatment in return

3) have a VERY detailed and clear Scope of Work written up front BEFORE you ask them to bid on the work 

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