How To Hire A Great Contractor For Your Fix and Flip Project

In the latest episode of the podcast, successful entrepreneur Mike Cantilina discusses his experience in starting seven profitable businesses, including a general contracting business. The conversation revolves around the general contracting side of the rehab process and offers valuable insights into managing the repair process.

Mike stresses the importance of setting realistic expectations with customers, following building codes and zoning regulations, and doing the math before starting a rehab project. He believes that people should not overthink the rehab process, especially if they are starting out with lower-budget properties. However, he advises them to be careful about the quality of materials they use as it can affect the pricing of the project.

When it comes to hiring a contractor, the speaker suggests finding one through personal referrals or Facebook groups. They also recommend getting at least three bids and making sure they are apples-to-apples, with an itemized bid being preferable. Having a clear idea of materials and brand names is important to compare fair bids. The more bids and projects one does, the more knowledge they gain about prices and what they should expect. This knowledge helps with property purchases as one can determine a max bid based on the repairs needed.

One of the key takeaways from the podcast is the importance of trust between the contractor and the customer. Mike believes that it is essential to trust the contractor being hired, even if it means paying a bit more. He also emphasizes that communication is critical to ensure that the project stays on track and meets the customer's expectations.

The conversation also touches on the issue of contractors giving low bids but then increasing the price with change orders. Mike advises that customers should be cautious of such practices and should make sure to have a clear understanding of the scope of work before hiring a contractor.
Mike is passionate about electrical and construction as it has been a part of his life for a long time. He also enjoys real estate but has learned to delegate the management part to property managers. He believes that learning to delegate to the right people is a game-changer and is essential for scaling and growth. Mike has hired a business mentor and hopes to grow his construction company in the next twelve months.

In conclusion, the podcast offers valuable insights into the general contracting side of the rehab process, including hiring a contractor, setting realistic expectations, and managing the repair process. It is a must-listen for agents and investors who are looking to achieve their six-figure goals.

Schedule a FREE coaching call: coaching.freedomchaserspodcast.com

Don't forget to reach out to Mike Cantilina:
Instagram: https://www.instagram.com/madlabsmike/
Facebook: https://www.facebook.com/TacticalElectric/
Website: https://tactical-construction.com/

👍 Keep up with The Freedom Chasers:

Subscribe to our YouTube: https://www.youtube.com/channel/UC4_Wkdt-M2rKLmfucReIneg?sub_confirmation=1
Follow us on Instagram: https://www.instagram.com/podcast_tfc/
Follow us on Twitter: @tfcp_podcast
https://www.facebook.com/groups/freedomchaserspodcast