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Managing Out-of-State Rehabs: Insights and Experiences
Manage episode 434438166 series 3562518
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In this episode of The Indy Investor Speakeasy, we dive into managing property rehabs from out of state. We discuss strategies, challenges, and tips for out-of-state investors. From selecting trustworthy contractors to the pitfalls of change orders and budgeting, this episode is packed with valuable insights into the world of remote property management and investment. Tune in to hear firsthand experiences, best practices, and the importance of having a reliable team on the ground. 00:00 Welcome to The Indy Investor Speakeasy 00:31 Introducing New Faces: Tyler and Max 00:48 Diverse Insights and Rotating Cast 01:31 Managing Out-of-State Rehabs 03:08 Types of Contractors in the Market 04:45 Getting Accurate Quotes and Bids 06:11 Importance of Inspections and SOW 10:05 Flying Out and Understanding the Market 25:11 Payment Schedules and Contractor Integrity 29:17 Common Themes of Bad Contractors 30:15 Avoiding Contractor Scams 32:35 When to Use Our Services 37:18 Managing Expectations and Costs 40:55 Challenges of Out-of-State Flipping 52:03 Final Thoughts and Advice
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