Are you scared of working with Contractors?
Do you feel like you don’t know how to handle the rehab of a project?
We all have to start somewhere. So it’s ok if you are nervous, just don’t let that stop you.
You just have to learn from others and gain experience overtime by putting what you learn into action.
That’s why today you are going to learn the correct way to deal with contractors.
A way to deal with Contractors, that they don’t want you to know.
It’s a way that multi-million dollar companies deal with contractors.
And if the big guys are doing it, you want to do it too.
You have to work with contractors, you can’t do a deal without them, so you might as well learn how to control them properly, otherwise they can suck the money out of your deal…very quickly, which can make or break a deal when you are first starting out.
You need to make sure that they don’t over-charge you… which happens ALOT.
How do you make sure contractors don’t rip you off?
Like everything else we teach inside the Better Tomorrow Group, you have a system.
A system that you use every single time.
Grab a pen and paper and use this system.
Here are the bare bones of how the system we teach inside Better Tomorrow Group works:
- Contact 3 -5 contractors and set appointments to come do a walk through of the property to give you a bid.
- Set the appointments 15 minutes apart
- When they get there have a scope of work sheet ready to go
- Collect/review all the bids
- Call and negotiate pricing down
- Sign an agreement in writing with the contractor of choice with strict guidelines
- Plan to start re-hab work on the day you close
- Manage the project by stopping by unannounced and making sure they are working
- Keep them on track by using Better Tomorrow Group’s system of payments and verification of work progress
This is bare bones of how the simple system we teach works.
Maybe this is enough for you to go out and do it on your own. If so that is great!
Use the system on your own.
But a word of CAUTION:
You need to have contingencies in place in your contracts with the contractor, a certain payment system set-up to make sure the contractors complete work on time and do EVERYTHING they said they were going to do, as well as a system to verify quality work.
If you want the EXACT system we use; with all the knitty gritty details so you don’t get ripped off… we have it inside of Better Tomorrow Group.
Press play below for a quick 2-min lesson that goes over part of the system in more detail:
If you interested in learning more from the Better Tomorrow Group you can sign up for FREE ACCESS right here.
Good luck out there!
Keep putting in the work, researching and taking action.
Chris M Cordova
CFO Better Tomorrow Group
Chris is an active investor, Realtor, Broker, marketer, serial entrepreneur, and co-founder of Better Tomorrow Group. Follow Better Tomorrow Group on Instagram@bettertomorrowgroup on Twitter/Periscope @TheBTgroup and Facebook at Better Tomorrow Group. If you would like FREE MEMBERSHIP to Better Tomorrow Group CLICK HERE.
made a Video to go over this for you…