Project Manager (PM)

[Dawn Ramsey]

Of the investors that flip houses, how many of you would hire a PM to manage the renovation of your property?  What services would you want from the PM, i.e. SOW development, initial estimate, hire contractor, etc?

[Rob Beland]

How many houses do you flip or have you flipped? Unless you are doing more than one at a time or have many lined up you may be better off giving the GC more money and more responsibility. A PM is going to want a % of the job cost so give a smaller % to the GC and let him know you will work with him in the beginning and maybe increase his % over time as he takes on more responsibility. For a SFH I'm not sure there would be enough profit and work to justify the PM but running three at a time may. The GC will make his profit and overhead regardless but if he's coordinating the electrician and plumber etc. as well he can make a few more bucks. He's on the job anyways most likely.