Hi everyone, hope all had a nice summer and are ready to get into the Fall/Winter seasons. I'm currently working on a house flip in CT; however, I've found it challenging to self-manage the rehab while being out of state. I have used general contractors in the past; however, in speaking with an acquaintance, he suggested using a project manager to help keep the project moving to completion and within the original budget. Has anyone used any project managers in CT and if so, would you be open to sharing your experiences? Thank you.
I am not in CT but I am sure the answer is relatively the same in most states. A full time PM is great to have but it's more a luxury than a necessity. Most qualified PMs want a full time position so it will be hard for you to employee them on house by house basis unless they are sub and work for other outfits as well. Your best be at first, until you have constant/enough work, is to pay a trusted contractor a little more to be your eyes and ears. Don't call them a PM or you may be paying a lot more. I would ask them to help you look after the job and then pay them like 50 dollars for material runs. This will get you manager without paying a ton. Of course this is not full substitute for a full time and qualified PM. But it will get you through until you are ready to hire one. I hope that helps. Good luck.
@Thomas Kareeparampil what town is the flip located in?
@Scott Hollister This particular property is in Stafford Springs, I plan on self managing this one to completion as it’s already in progress but definitely interested in finding someone to help PM for the next project.
@Jon Schoeller I agree with what you’re saying on PM wanting to be full time. I haven’t been able to find a GC who can meet timelines yet.
@Thomas Kareeparampil When you hire a project manager around here I would make sure they are very local to the job you have. So a better way to do it may be to start looking for someone to manage the project after you know where you will be purchasing next since you are managing your current project to completion.