Updated over 7 years ago on . Most recent reply
Make Ready or Rehab for Apartments
Good afternoon,
Started to help some friends out in their PM/Owners company in their effort to get a few newly acquired distressed properties into shape. In the last 2.5 months, we have been working tirelessly to make these reach our very high standards. We have now hit a road block and need help with some questions answered since we don't know this industry at all.
1- What is the difference between a Make Ready and a Rehab?
2- What is the difference between an Easy, Medium and Hard Turn?
3- If there is a determinable factor for the difference between the three above descriptions, how do most Make Ready companies charge for them? And who determines the above?
4- Who maintains control of items purchased for the above work, the Management company/Landlord or the Make Ready/Rehab contractor? Who pays?
5- Is most work done for either the MR or Rehab, based on Labor Only pricing?
6- If anyone has a standard Pricing sheet for all Make Ready and Rehab work, would you be willing to share it with me?
Thank you for your time.