Working Effectively with Contractors
Fort Lauderdale, FL – 03/26/2020 – An important rule when flipping is making sure the numbers maintain accuracy. Also high on the list of priorities is making sure the job everything is going smoothly in managing the job. Rehabbers may encounter difficulties as they attempt to remain within the budget while working with contractors.
Fort Lauderdale, FL -- (SBWIRE) -- 03/27/2020 -- The contractor is a trustworthy one in an ideal situation but that may not be true all the time. One thing to initially consider when handling a fix and flip contractors is elaborately jotting down what the job entails. That way, the contractor has instructions and know what standards they are expected to meet. This should be broken down by electrical and plumbing types to make it easier to comprehend.
Make sure the contractor is paid fairly and has the equipment and resources to finish the job, but don't make payments too far in advance. A dependable stream of incentives helps the contractor to get the job completed, thus reducing the chances of running into a situation where they may disappear. It can happen anyway, but this approach means having funds available that can be used to recruit someone else to finish.
About Monroe Funding Corporation
Monroe Funding Corporation is a direct equity lender serving clients throughout Central and South Florida, specializing in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get clients to the closing table quickly and professionally. For more information on or Orlando hard money lending, please call 954-816-0388 or fill out the application.