Many investors dread the thought of dealing with their contractors. So often there are very few safeguards in place to insure timely completion and quality work. Having the proper documentation and agreements prior to commencement of work can make all the difference. Establishing the expectations and guidelines upfront, in writing, is so important. In addition, having someone overseeing your project can eliminate most problems before they become more serious issues. Having the knowledge and ability to establish these protocols allows you to free up your time for more important tasks. The downfall of many investors is their idea that the way to "save money" is to perform these tasks themselves. When we implement our safeguard procedures and documentation, it allows us to invest in the best Real Estate markets in the country with a whole new level of confidence.
Stay Motova8ed,
Joe Finnegan
Motova8 Blog
Friday, February 19, 2010
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