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Updated over 9 years ago on . Most recent reply

Leisa Richardson's profile image
Leisa Richardson's profile image
Leisa Richardson
  • from Brandon, Florida
  • Member since Apr 30, 2016

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Leisa Richardson's profile image
Leisa Richardson's profile image
Leisa Richardson
  • from Brandon, Florida
  • Member since Apr 30, 2016
Leisa Richardson
  • Brandon, FL
3
Votes |
19
Posts
Rehabbing & House Flipping

Project Manager

Leisa Richardson
  • Brandon, FL
Posted

Hi everyone!  I'm looking to invest in multiple states.  Although all are within a 2-3 hr driving distance, I'd like to hire a project manager to oversee repairs on a daily basis if the job requires it. 

Does anyone use a PM for their rehabs?  If so, do you pay them a % of the rehab costs or a simple flat fee?  

I'm also searching for examples of a service agreement but I haven't been able to find one as yet.  Any guidance is most appreciated.

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J Scott's profile image
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J Scott
  • #1 Off Topic Contributor
  • Investor
  • from Sarasota, FL
  • Member since Jan 31, 2008

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J Scott's profile image
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J Scott
  • #1 Off Topic Contributor
  • Investor
  • from Sarasota, FL
  • Member since Jan 31, 2008
J Scott
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  • Sarasota, FL
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

I pay my PMs a salary plus a percentage of the profits.

  • J Scott
  • Podcast Guest on Show #2024
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