{"id":868,"date":"2022-02-01T12:12:28","date_gmt":"2022-02-01T17:12:28","guid":{"rendered":"https:\/\/www.jlbuilding.com\/?p=868"},"modified":"2023-05-10T19:59:48","modified_gmt":"2023-05-10T23:59:48","slug":"effectively-managing-contractors","status":"publish","type":"post","link":"https:\/\/www.jlbuilding.com\/blog\/effectively-managing-contractors\/","title":{"rendered":"Tips for Effectively Managing Contractors as a Real Estate Investor"},"content":{"rendered":"

Effectively managing contractors<\/span> is an afterthought for many eager real estate investors. But having the right contractor on your side can be one of the best ways to <\/span>ensure remodels or repairs are a success.<\/span><\/a> Whether you\u2019re looking to renovate an entire rental property or just need some repairs, this blog will explore how to find a qualified contractor, establish a contract, and manage projects on-time and within budget.<\/span><\/p>\n

Do Your Due Diligence<\/span><\/h2>\n

A simple piece of advice is to take your time before hiring a team. <\/span>It can be tempting to jump right into a renovation or repair project<\/span><\/a> \u2014 after all, the quicker the job is done, the quicker you can start turning a profit. But neglecting to do your due diligence when looking for the right contractors can cost you a lot of time, money, and headache in the long run.<\/span><\/p>\n

Get Several Quotes<\/span><\/h3>\n

One of the first things you want to do is reach out to a few trusted contractors for a quote. Even though you may think you\u2019ve found the perfect fit the first time around, it never hurts to get to know a couple contractors to learn about their rates, qualifications, and way of conducting business. You can do this by gathering referrals from like-minded investors or homeowners, or searching online for licensed contractors in your area.\u00a0<\/span><\/p>\n

At J&L, we make it easy for real estate investors and homeowners to<\/span> find trusted and licensed contractors with our \u201cFind a Contractor\u201d portal.\u00a0<\/span><\/a><\/p>\n

Select a Qualified and Licensed Contractor<\/span><\/h3>\n

Finding a licensed contractor isn\u2019t a one-size-fits all approach. Depending on your job and budget, one type of contractor may work better for you than another. Generally, there are three types of contractors:<\/span><\/p>\n

 <\/p>\n