Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
Advice on managing out of state rehab
Hi all,
I'm curious to get everyone's lessons learned / best practices regarding managing out-of-state rehabs. To start....
- How are you allowing contractors in/out of the property & securing materials?
- Do you have them buy the materials? Do you typically pay 50% upfront?
My concern here is having materials getting stolen & or a contractor taking 50% and walking.
- How are you keeping up on their progress?
My hope is they would provide weekly updates with pictures, but I'm curious on how everyone else gets updates.
Thanks,
SL