All Forum Posts by: Scott Rist

In my case all of my discounts and priority treatment have come from ALL of our regular subs through consistency. They know our work isn't going anywhere and they always meet our schedule, but that only came after giving them job after job after job. We didn't ask for discounts up front or priority. It all just happened. We just asked for quality work in timely manner. I've found that quality work and people that can meet deadlines is well worth the price. Nothing worse than coming back to a house after a sub leaves to find they left more of a project. It's been working for us for quite awhile and haven't needed to fire anyone in quite some time.

Great information here.  I'm in the same boat as @Brian Butterfield and looking to ramp up production, but my current crew won't be able to keep up.  I work as the owner builder and have 3 full time "jack of all trade" hourly employees and the rest are subs. 

@J Scott How do you structure your bonuses/incentives?  I've been considering doing the same thing with my crew.  I really want them to feel like they are more of a part of the process and vest some more interest in the jobs.

Also, when interviewing contractors, what questions do you ask and guidelines do you follow?  Is there any red flags or green lights that really get your attention?

Thanks,

Scott Rist

Thanks guys.  I signed up for the Roseville group and will try to make the September 1st meeting!

Thanks for all the warm responses everyone. Where do I find more about these REI meetings? I would love to attend! We are looking for a lot more properties and I'm anxious to build that network.

Thanks,

Scott

Hello Folks.  I just found the forums and introduced myself in another thread.  SO here is brief intro:

I am currently phasing into taking over my fathers Real Estate investment "business".  He has been a broker and buying and selling houses in Northern California for over 40 years.  I am 31 now and have been working with him on and off since I was 15.  Over the last few years he has been grooming me to take over the operation and not just another guy pounding nails.  

Basically, to say he is old school is an understatement.  My Dad is a very smart and successful man and has vastly more to bring to the table than I do right now, but I know we can be saving/making far more money.  Essentially, the business is all in my Dad's head and he more or less just wings it at this point (that sounds bad).  At the same time my skill set is in running our crew and remodeling not in the numbers. That being said, I'm planning to hang up my tool belt as soon as possible!

I guess my question right now is a fairly broad one.  Is there any must read books, podcast, posts etc that can help me to develop this into a proper business.  

I'm interested in how people are structuring there businesses, dealing with taxes, rehab schedules and strategies, etc.  My goal is to begin making operations as streamlined as possible.  Also, we are looking for more ways to acquire properties, but I'm sure that can be saved for it's own thread.

Thankfully, at this point money is not an issue and we are able to pay cash for our properties.

Hopefully, this isn't to broad of a question.  I'm sure I can start getting pointed in the right direction!

Thanks so much,

Scott

Hi Bigger Pockets,

My name is Scott and I am from Placerville, CA about 30 minutes northeast of Sacramento in Northern California.

I found this site recently by googling "Best Real Estate Investment Forum" and Biggerpockets.com showed up at the top of every list.

A little bit about my investment history is that I have been working on and off for my Dad who is a broker/investor.  He has been fixing and flipping houses for over 40 years and I basically grew up around it my whole life.  Also, he has always had 5-10 rental properties both locally and out of state at any given time.

The last five years or so I've spent working as a raft guide, travelling the world, and working here and there with my Dad.  Fun, Yes.  Lucrative, NO!  So I'm back and as of 2016 will be taking over operations and all of our fix and flips.  I gave myself till I was 30...and I just turned 31.

I'm SUPER excited with this opportunity and want to make the best of it.  My Father is definitely an "Old Dog", but he is fine with me bringing in some "New tricks".

I look forward to learning as much as I can here, meeting some great folks, and hopefully helping others along the way.

Scott