Skip to content
General Real Estate Investing

User Stats

75
Posts
9
Votes
Sonya Hansell
  • Investor
  • Fishers, IN
9
Votes |
75
Posts

Paying a contractor - Indianapolis

Sonya Hansell
  • Investor
  • Fishers, IN
Posted Jul 28 2016, 13:10

Hey BP Friends

I am doing my first (minor) rehab work - using a contractor.  He has given me the quote and ready to start the work.

What is the protocol for paying a contractor?  I know that I should not pay for the entire job before he even starts the work.  But what should I pay?  How do I handle this as a property owner?  Do I need to check his insurance/bond etc?  And if so, how do I do this?  He was referred by another investor here on BP.  This is an $1800. job, so it is minor.

Thanks.

Loading replies...