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Updated over 10 years ago on . Most recent reply

Project Manager (PM)
Of the investors that flip houses, how many of you would hire a PM to manage the renovation of your property? What services would you want from the PM, i.e. SOW development, initial estimate, hire contractor, etc?
Most Popular Reply

How many houses do you flip or have you flipped? Unless you are doing more than one at a time or have many lined up you may be better off giving the GC more money and more responsibility. A PM is going to want a % of the job cost so give a smaller % to the GC and let him know you will work with him in the beginning and maybe increase his % over time as he takes on more responsibility. For a SFH I'm not sure there would be enough profit and work to justify the PM but running three at a time may. The GC will make his profit and overhead regardless but if he's coordinating the electrician and plumber etc. as well he can make a few more bucks. He's on the job anyways most likely.