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Video instructions and help with filling out and completing Drywall subcontractor agreement
Instructions and Help about Drywall subcontractor agreement
Okay in this lesson I want to talk about how to bid a job okay so if you're getting in the fix and flip process you need to know exactly how do I get bids for my job contractors come and look at them I don't give you a couple tips real quick that are going to help you out first and foremost you should know what the labor rate is in your area so what I mean by that let's take a real simple example like laying tile for example to lay tile okay should only cost you and you want to find out what the averages in your area so what you might do is you might call five tile layers in your area and what you're going to do is ask them hey how much do you charge to lay a thousand square feet of tile how much did you charge per square foot now what I want you to do is say I will prall the materials all the materials will be provided I'll prthe tile the grout everything and you just bring your tools and yourself and I just want to know what your labor rate is the reason this is important is because most contractors they know that they can't make a profit so much on the labor rate so for example if one guy is laying it for a dollar the next guy knows that if he says he's going to lay it for three bucks he's not going to be competitive in that market so you want to call four or five guys get a feel for what your your area will wil will afford you so like in my area I could get tile laid for about a dollar square foot okay and then what you want to do is you may consider purchasing your own materials now here's why the materials is where some of these contractors will make their profit margin now I'm not saying look if you're going to get in the fix and flip business then contractors are your biggest asset because without these contractors you know guys that do tile plumbing electrical work roofing whatever it is flooring without them you're not going to get your deals done so what you want to make sure is that you take care of your tractors you're not trying to rip them off you have to understand that these guys have to eat too and if they're good and here's how you determine whether they're good do they do the job right and do they finish it on time and do they clean up after themselves and and just the jobs professional pay those guys a little bit extra because it's worth it for you you're going to have a good job completed and you're going to make a lot of money by selling your investment properties so what you want to do is if they're.