All Forum Posts by: Glen Dall

Alright @Gita Faust, thanks very much for the info!

Glen

Thanks for the response @Gita Faust! We are using QBO Essentials, will this have the field for certificates of insurance dates?

We are currently using DropBox, will that integrate with QB? 

We have three different entities (for legal and ownership purposes), and are doing rehabs, new construction and remodeling. I'm looking for a good procedure to track our sub-contractor agreements and their certificates of insurance. We use Quickbooks. Each entity has different "policy years" (which do not align with calendar years). It's important that are able to collect and organize these documents as we generally get audited each policy year prior to renewal.  

We prefer to store documents electronically versus hard-copy.

I'm assuming this is pretty common to a lot of contractors out there, so if someone had a procedure already written up its could save us from "re-inventing the wheel," that would be great. Any help or advice is greatly appreciated!!!!

@Karli F., In wish I could recommend someone specific. I can tell you that contractors in this market are very much in demand. I can also say from experience that you will get what you pay for. You should make certain that they are licensed and insured, and ask for references. It's also important to see other jobs they've done to see for yourself the quality of work that they do. Also keep tabs on them, dropping by the worksite frequently at a unannounced times. Don't pay them ahead of work they've done, and don't pay them in advance for materials until it's been delivered to your site. If they're so under capitalized that they don't have accounts set up w/suppliers, or they can't front material costs themselves, you don;t want them. I'm saying all this assuming you want to do a quality flip.  

I know the feeling @Cha Yang! We just completed a house in the Lind-Bohanan neighborhood and the exact same thing happened to us. After we completed the house, people were still leaving us "gifts" where the dumpster had been..

I think it's a great idea @Tayler LaChapelle! I think you should post a demo video so people can see what it would look like and to showcase your talents.

@Kyle Vogt - Welcome to BP! Good luck in your endeavors. What area are you looking to wholesale in?

@Joe Schaak, I've not done any deals in Saint Paul yet, but have heard the same thing. Wish I could help you, but I will be very interested in what you find out.

@Charlie John, we've used Title Nexus in downtown Minneapolis, and they're great. They're experienced in working with investors. PM me if you would like a referral to our contact there. Good luck!

Welcome to BP @Brett Sorenson! I'm in Minneapolis as well, and always looking to connect with other Real Estate investors!