Give the contractor a bonus if they finish early #80 - 101 Street Smart Cash Flow Accelerators

It's Lou Brown. I'm back with another my 101 cash flow accelerators to help you be more successful in your real estate business. You know renovations, I've done so many of them. I used to do entire neighborhoods. I'm very familiar with turning things around and one of the things you gotta deal with who can help you make a lot of money is your contractor. I've made jokes about the word con being in contractor because you definitely have to be on your toes. You have to know that the deal can change at any moment in time and if you're not alert to it, they can actually get over on. You always have a contract when you're dealing with contractors, always know exactly what the deal is, who's going to be responsible for what and if you don't, I promise you you're going to have some pain, suffering and expenses you could have avoided. Now I've got an independent contractor services agreement. It took me years to work through that and come up with a plan that absolutely works. It's in my volume 11 renovations. You can find that at streetsmartinvestor.com under tools, click on renovations, volume 11 you can learn more about that. Hopefully this has been helpful. Like it. Love it. Share it, and I'll see you soon.