I provide tenants with a form to request any improvements and it spells out exactly what they are doing, what material will be used, who will do the work, who pays for it, what happens to it when they leave, etc.

Partner Driven was interested in the N Deerview Dr deal in Lake Villa, IL, due to its high profit potential.

Partner Driven was interested in the N Deerview Dr deal in Lake Villa, IL, due to its high profit potential.

Partner Driven was interested in the N Deerview Dr deal in Lake Villa, IL, due to its high profit potential.

Just like you would do with any non-family contractor working for you:- get them to complete Form W9 for you, as you will need their SSNs- have them provide receipts for materials/supplies and keep those receipts- have a written labor agreement (how much and for what) - pay for materials separately from labor- make all payments electronically rather than cash so you can trace them- pay out of your business account, not personal- issue them 1099s next year if you paid them $600 or more for labor (for the whole year, not per job): https://www.biggerpockets.com/forums/51/topics/1167632-expla... 

Hello BiggerPockets Community!We are two business women single moms, Denise and Joanna. We are so happy to have found this community !  We're keen to get into the real estate investment realm with a shared goal: to p...

He was a good guy, totally honest, and I bought a few good buys at tax sales after going through his material.  

A lot of work was delayed due to tenants moving out right before the holidays/new year and unavailability of some materials. 

It's up to you but flipping is obviously more risky... also depends how handy and knowledgeable you are, if you aren't able to do things yourself you need to budget for labor costs... on top of holding costs and material costs.

I couldn’t imagine telling my attorney that my property manager doesn’t feel comfortable sharing notices and material communication to me.