All Forum Posts by: Ram Ahluwalia

Hello, I'm investing in a few cities / metro areas and wanted to see if there is a service or technology that generates maps that demarcate cities by risk block by block? Zipcodes are not granular enough, neither are neighborhoods... The end result would be a map with clear bright lines separating 'investable' areas from high-risk areas or warzones, or ideally have some type of Class A, B, C, D, etc. type designation.

Does anyone have guidance of putting together Owner's Representative agreements?

Background. I've identified a candidate I'd like to on a part-time to basis to manage construction renovations as I am an out of state investor. Their responsibility is to:

Source, negotiate GCs/subcontractors and hold accountable to budget, schedule / oversee draw requests

Perform initial inspection, generate scope of work, cost esimates

Verify punchlist and project close-out

I'm trying to sort out the right compensation model.

I want the individual incentivized to:

Complete as many renovations as possible, on time and on budget and select reliabke contractors:

Have an incentive to lower costs over-time, and potentially in-sourcing GC activity

Ensure quality control standards are met

I was thinking of a "per per activity / value-added model" (E.g., pay per inspection, pay per SOW, pay per completed deal, etc.) although it might be complicated and it's hard to model out all the incentives.

Or there is a flat fee model where there are expectations for performance.

What's the best way to go about this?