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Updated over 1 year ago on . Most recent reply

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24
Posts
8
Votes
Ashwin Gudipati
  • Austin, TX
8
Votes |
24
Posts

looking for advice

Ashwin Gudipati
  • Austin, TX
Posted

Hello - Looking for some advice on how to execute Rehabs remotely. I understand we need a great team but I've questions like how do we deal with transferring money to contractors without the work getting started (even if it's for a deposit). 

Appreciate anyone who would be willing to discuss over a phone call.

Most Popular Reply

User Stats

55
Posts
29
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Stefani Mokris
Pro Member
  • Investor
  • Verona, NJ
29
Votes |
55
Posts
Stefani Mokris
Pro Member
  • Investor
  • Verona, NJ
Replied

I think the answer to your question is "due diligence". Before you pay any money to a contractor, you need to be able to know enough information that you feel confident sending a deposit prior to begging of work.

Later, your job will be verifying that the work as been completed as stated in the contract you will have before any additional money is handed off to your contractor.

  • Stefani Mokris
  • Loading replies...