OK -- It's now May 5 and the rehab is supposed to be completed. (Including a 5-day grace period.) Well, it ain't so! Plenty of fine details left to be completed. Take a look at my first floor walk-thru ...
And if that doesn't seem like enough work left, check out the basement ...
So, this is the critical part. Managing your contractor(s) is the part that makes the squeamish run from real estate investing -- just as property management and handling tenants makes people run away from owning rental properties. But let's face it, working with others involves conflict and there is no way to avoid it. You have to face it head on and just keep your cool. It's no different than dealing with people you work with every day. Except, when you're the real estate investor, you're the boss!
So, I'm going to enter into discussions with my contractor beginning tomorrow to discuss how we can move this project forward to satisfactory completion. He's a reasonable guy ... I'm sure we can get this wrapped up in a week or less.
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