Then, you will know whether or not I am full of bullsh...t and then you will have a good benchmark to work from.

Account Closed As a contractor do you agree with what I've been told, or have you seen increases in other areas.While I will agree it is a seller's market, my investors that are flipping have the mindset that once they finish their projects they will most likely be setting the new benchmark for the market they're in.

I have a benchmark for each of my properties but I don't consider selling until it is reached, I'm in seller's market environment, and I have found another property or other investment for reinvestment. 

That's always my benchmark on the max and you're right to be concerned if the terms of your agreement have changed so quickly. 

The benchmark index fell more than 5% in December, finishing 2022 down almost 20%.

I'll add my two cents and if anything is a repeat, it's probably worth the repeat 😂Multiple quotes to compare bids for contractorsLock in work with a solid pre-screen and contract that lays out payment terms and milestones/benchmarks for workModel the financials in as much detail as possible, including overrun for time/change orders and then stick to the planDon't over flip the project...look at what is moving in that market and maybe go a tad better in terms of fit/finish to set yourself apart from the pack.

Turn Key Providers should be looked at as benchmarks 

As a benchmark, we charge 15% for managing MTRs.

I'm talking to Benchmark at this time, and they do not allow that; Something to do with the fact that you can't manage properties, so they have to be under your own name. 

I probably should have mentioned in my original post that I’m buying class A properties averaging around ~$225K - I don’t think buying at that number and that class of asset this is a fair benchmark.