Charge the contractor a penalty when they don’t finish on time #82 - 101 Street Smart Cash Flow Accelerators

It's Lou Brown. I'm back with another my 101 cash flow accelerators. Renovations can absolutely accelerate your profits. However, there are things that you must consider. One of the things that I've laughed about over the years, I've learned in doing many, many renovations is that when you're dealing with the contractors, you better have it clear who is going to be responsible for the debris clean-up and removal from the property. We have it built into our independent contractor services agreement to be sure, and by all means that they are going to be responsible for that and they will not get their final check until all debris has been not only cleaned up but removed from the property. I hope that's been helpful to you. It's really, it's been a challenge in my life for sure, and I want to make sure it's not a challenge in years. If this has been valuable like this. Love this, share this and I'll see you soon.