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Updated over 5 years ago on . Most recent reply

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Wesley Whitehead
  • Rental Property Investor
  • Depends on where my employer sends me
141
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171
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Contractors in Miami

Wesley Whitehead
  • Rental Property Investor
  • Depends on where my employer sends me
Posted

All,

I am looking for a contractor on some renovations to my recently purchased home.  I live in the Mimo District in a triplex and am looking to do renovation on one the units that I will be renting out.  Any info would be appreciated.

  • Wesley Whitehead
  • Most Popular Reply

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    Thomas Franklin
    • Real Estate Investor
    • Miami, FL
    736
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    928
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    Thomas Franklin
    • Real Estate Investor
    • Miami, FL
    Replied

    @Wesley Whitehead I suggest that you use a General Contractor, for your renovations. I would interview, at least three and ask the following questions. In addition, I strongly recommend that you verify all licenses and Insurance Policies.

    1. How many homes have you rehabbed and/ or renovated? What was the magnitude, of your projects?

    2. How many projects is your company currently undertaking?

    3. Do you work with Investors that need to adhere to strict timelines and scope of work?

    4. Do you have multiple Sub Contractors, for similar trade skills, such as plumbers, electricians, flooring crews, painters, etc.?

    5. Would you be willing to provide a copy of your GC License, your Certificate of General Liability Insurance, and your Certificate of Workman's Compensation Insurance?

    6. Are you bonded?

    NOTE:

    To be “bonded” means the Contractor must purchase a Surety Bond, which serves as a form of Insurance to protect the Contractor’s Customers if he or she fails to complete the job properly or fails to pay for permits, subcontractors, or other financial obligations.

    7. Are all of your Sub Contractors Licensed and have Workman's Compensation Insurance? Would your Sub Contractors be willing to provide such information, or would you be willing to sign a waiver stating "All your Sub Contractors have Workman's Compensation Insurance?"

    8. Do your Sub Contractors have the ability to verbally communicate, with English Language Only Speakers?

    9. Do you pull all necessary permits?

    10. Do you provide a written warranty, for all labor? If so, what is the length, of the warranty? (a minimum of 1 year)

    11. Do you provide all applicable warranties, for materials?

    12. Who is in charge of the job site, to ensure timelines are met and the Scope of Work is properly completed?

    13. How do you handle dirty work such as debris disposal and clean up?

    14. Would you be willing to receive four draw payments that would correspond to four phases of the rehab project?

    15. Would you provide references, from past clients?

  • Thomas Franklin
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