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Ep. 26 Ron Carlson - 30+ Rehabs A Month With Renovation Gurus
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Ron Carlson is the owner of Renovation Gurus, company that has been involved in hundreds of real estate transactions in one way or another and has analyzed thousands upon thousands of properties. They first started working with investors helping them capture large portions of equity in real estate. Now it seems they are doing it all, doing over 30 rehabs a month. They have exploded on the scene and are helping investors with contracting work and contractors over the past 3-4 years.One of the biggest headaches a new investor has is working with contractors. Well all investors have problems working with contractors and in today episode Ron shares his expert advice on how to deal with working with contractors the right way.
Ron Carlson - Ron@RenovationGurus.com
Renovation Gurus - www.renovationgurus.com
817-566-4346
Show Notes:00:00 – 01:30 Introduction
01:30 – 07:15 The best way to handle payment structure when working with a general contractor?
- What kind of payment they accept
- Two separate categories: general contractor and subcontractor
- Have a clear agreement of what will you going to get, then you can pay them
07:15 – 10:12 How much is a good amount to give them to start a project, do you pay for materials up front?
- Have insurance
- Pay as little as possible up front
10:12 – 13:15 Insurance and licensed contractors
13:15 – 15:44 Illegal workers
15:44 -20:15 Requirements when you hire GC?
- Look for red flags
- What kind of tools does contractor have?
20:15 – 26:36 How to handle subcontractors that did not get paid by the general contractor that you have a deal with?
- How to deal with lien
26:36 – 29:18 How to handle a situation in which your property is damaged?
29:18 – 33:10 Keeping your crew around and keeping your workers happy.
33:10 – 35:36 How to deal with competitors?
35:36 – 41:23 Workers on salary? Problems with workers.
41:23 – 47:20 Change orders
- Treat it like completely separate bid
47:20 – 52:21 Know your bid fast
52:21 – 55:03 Contact information
84 episodes
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