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Updated about 8 years ago on . Most recent reply

User Stats

275
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270
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Andrew Holmes
  • Rental Property Investor
  • Chicago, IL
270
Votes |
275
Posts

Tracking Purchases Of Sub Contractors (Materials)

Andrew Holmes
  • Rental Property Investor
  • Chicago, IL
Posted

Would love to hear from folk as to how you guys track your sub contractors going to Home Depot and buying materials on your account. They have the text to confirm method so you or your rehab manager can confirm the purchases. I have never liked the text to confirm because you are not there and the only way to really verify is go through all items purchased online on the Home Depot Pro site. 

It was easy to do when the business was small and I was looking at every single thing but as we have grown there seems to be a creep in materials purchased for some properties. Plus the amount of wastage is hard to monitor. On one house it may not be a big deal but over 40 or 50 rehab a year. It is a scary amount. 

Any thoughts how to control these purchases?

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