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Updated over 3 years ago, 09/01/2021

User Stats

9
Posts
4
Votes
Ryan Phelps
  • Rental Property Investor
  • Arcadia, CA
4
Votes |
9
Posts

What Do Contractors Need To Know For A Quote?

Ryan Phelps
  • Rental Property Investor
  • Arcadia, CA
Posted

Hello BP Friends!

My wife and I just bought our first long-distance rental property (woohoo!), we are rehabbing it to flip-worthy status and there are a few big things and a lot of little things that need to be done. So I have a few questions:

1. When it comes to getting quotes from contractors, I know I need to give them a list of things that I want done, but do I include specific products (type and color of LVP flooring, paint colors, brand of kitchen cabinets, etc.)? Or does this detail come later?

2. GC's are VERY HARD to come by in this area. Do I subcontract out all the individual skills or try to find a handyman that can accomplish a wider array of items (like outlets, lighting fixtures, exhaust fans, LVP flooring, etc.) and then hire subs for specialty items (roof, siding repair, painters, etc.)?

3. Is it worth putting together a binder/report that shows pictures of what I want with the color, style and brand? Would contractor's appreciate that or is there a better way to make this as efficient, trouble-free and budget-conscience as possible?

Thank you for any input you can provide. I want this to be a quick rehab and will obviously keep change orders as minimal as possible but want it to be easy on those that I hire.

Thanks!

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