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Updated over 3 years ago on . Most recent reply

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Mario Morales
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11
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how tolegally secure yourself /company if you hire daily workers?

Mario Morales
Posted

HI everyone, Im on my second house flip and I was thinking of hiring  daily workers ( carpenters, handymen , painters) for things that dont require permit pulling. How would I go about this with insurance (workers comp and liability ) and taxes ?  i dont want to break the bank would this way be more expensive then just hiring out a GC?  Im doing this full time and looking to do 7-10 properties a year.  

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Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
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Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Replied

I'm probably biased as an old GC, but I don't think most people realize how much value you get with a good GC. For an extra 20% +/-, they find the subs and workers, vette them, manage them, check their work, pay them appropriately...and they have the insurance and bond so you're covered. You can get screwed in so many ways you wouldn't believe it.....

It really isn't worth it to run it yourself...esp by the time you self-insure and get Worker's Comp and all. Sure there are occasional success stories, but they are 1 in a million....just my .02

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