Hi, it's Lou Brown. I'm back with another of my 101 cash
flow accelerators and we're talking in this segment about renovations.
I've made a fortune in the arena of renovations and I want
to help you to do the same and I've learned an awful lot about how important
the contract is. Listen, your contractor, many times these folks are in
desperation most of the time and they're always angling for ways to get their
money out of you before the work is done. I find it best to not be the owner,
be the manager, so the hat that you should wear is that of a project manager
and then you have the authority to release payments based on the contract when
the actual sign off occurs from the County. When they have the inspection done
by the County, they're the ones that need to organize that and set that up and
be present for the inspection when the sign off on the permit occurs, that's
when you pay and if you have any suspicion at all, whether that's a legitimate
sign off or not.
to help you to do the same and I've learned an awful lot about how important
the contract is. Listen, your contractor, many times these folks are in
desperation most of the time and they're always angling for ways to get their
money out of you before the work is done. I find it best to not be the owner,
be the manager, so the hat that you should wear is that of a project manager
and then you have the authority to release payments based on the contract when
the actual sign off occurs from the County. When they have the inspection done
by the County, they're the ones that need to organize that and set that up and
be present for the inspection when the sign off on the permit occurs, that's
when you pay and if you have any suspicion at all, whether that's a legitimate
sign off or not.
Believe me, CONtractors, there's a reason that CON is in
the word contractor. Is it, I've seen it, I've lived it where they actually
signed off on their permit themselves and let's face it, someone who has
nothing to lose has nothing to lose by doing something like that. So if you
have any suspicion at all, you call the County, you call the inspector and
confirm that they actually did sign off alternatively be present for the
inspection. Know that the permit was not signed because there were certain
things that were done incorrectly or that the inspector required to be done
before they would sign off on it. And remember, you don't pay the money until
the sign off occurs.
the word contractor. Is it, I've seen it, I've lived it where they actually
signed off on their permit themselves and let's face it, someone who has
nothing to lose has nothing to lose by doing something like that. So if you
have any suspicion at all, you call the County, you call the inspector and
confirm that they actually did sign off alternatively be present for the
inspection. Know that the permit was not signed because there were certain
things that were done incorrectly or that the inspector required to be done
before they would sign off on it. And remember, you don't pay the money until
the sign off occurs.
Hopefully this has been a value to you. If you want to
learn more about renovations, go to StreetSmartInvestor.com click on tools,
click on renovations. You'll learn all about the system that I have to support
you and help you to be successful. Doing great thing that you could make a lot
of money with called renovations. My name is Lou Brown. If you liked this, you
love this. Share this and do subscribe. Talk to you soon. Yeah, baby!
learn more about renovations, go to StreetSmartInvestor.com click on tools,
click on renovations. You'll learn all about the system that I have to support
you and help you to be successful. Doing great thing that you could make a lot
of money with called renovations. My name is Lou Brown. If you liked this, you
love this. Share this and do subscribe. Talk to you soon. Yeah, baby!
----------------------------------------------
If you want to listen to our Podcast, click here:
Visit:https://redirect.viperseotools.com/r/iframe?key=Qu8lizImCF18
No comments:
Post a Comment