399: Solving the Investor/Contractor Relationship with Jeff Thorman of HomeRenovisionDIY

Today we’re swerving a bit from tradition to bring you a guest who is not a real estate investor. Jeff Thorman spent years as a general contractor, built his own company, then started his own YouTube channel, HomeRenovisionDIY, to teach people how to renovate their own homes. Learn from his years of experience renovating in this episode. Jeff brings us incredible tips on building strong relationships with contractors - from inquiry to project close. We discuss the importance of using quality materials in any project. We even dive into some projects you should absolutely be able to do-it-yourself as an investor. As a real estate investor, you will have to complete renovation projects at some point - use this episode to make sure those projects are seamless and successful! In This Episode We Cover:Learning the contractors’ perspectiveThe importance in using quality materials and building long-term solutions in your propertiesShopping directly from suppliers to save money on big rehab projectsCreating systems to retain quality contractorsUnderstanding the real cost of low-cost materials Upgrades to improve your rental property and decrease vacancyHow to ask a contractor to walkthrough a project before you buy itHow to spot houses with cosmetic fixes vs. big, expensive projectsNewbie DIY projects anybody can tackleAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreVirtual Wealth ExpoBiggerPockets CalculatorsHome DepotJoanna GainesIkeacost vs value reportBiggerPockets InsightsMarr Risinger's Youtube ChannelCheck the full show notes here: https://www.biggerpockets.com/show399

Episode 399 of the BiggerPockets Real Estate Podcast podcast, hosted by BiggerPockets, titled "399: Solving the Investor/Contractor Relationship with Jeff Thorman of HomeRenovisionDIY" was published on September 10, 2020 and runs 108 minutes.

September 10, 2020 ·108m · BiggerPockets Real Estate Podcast

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Summary

Today we’re swerving a bit from tradition to bring you a guest who is not a real estate investor. Jeff Thorman spent years as a general contractor, built his own company, then started his own YouTube channel, HomeRenovisionDIY, to teach people how to renovate their own homes. Learn from his years of experience renovating in this episode. Jeff brings us incredible tips on building strong relationships with contractors - from inquiry to project close. We discuss the importance of using quality materials in any project. We even dive into some projects you should absolutely be able to do-it-yourself as an investor. As a real estate investor, you will have to complete renovation projects at some point - use this episode to make sure those projects are seamless and successful! In This Episode We Cover: Learning the contractors’ perspective The importance in using quality materials and building long-term solutions in your properties Shopping directly from suppliers to save money on big rehab projects Creating systems to retain quality contractors Understanding the real cost of low-cost materials Upgrades to improve your rental property and decrease vacancy How to ask a contractor to walkthrough a project before you buy it How to spot houses with cosmetic fixes vs. big, expensive projects Newbie DIY projects anybody can tackle And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore Virtual Wealth Expo BiggerPockets Calculators Home Depot Joanna Gaines Ikea cost vs value report BiggerPockets Insights Marr Risinger's Youtube Channel Check the full show notes here: https://www.biggerpockets.com/show399 Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode Description

Today we’re swerving a bit from tradition to bring you a guest who is not a real estate investor. Jeff Thorman spent years as a general contractor, built his own company, then started his own YouTube channel, HomeRenovisionDIY, to teach people how to renovate their own homes. Learn from his years of experience renovating in this episode. Jeff brings us incredible tips on building strong relationships with contractors - from inquiry to project close. We discuss the importance of using quality materials in any project. We even dive into some projects you should absolutely be able to do-it-yourself as an investor. As a real estate investor, you will have to complete renovation projects at some point - use this episode to make sure those projects are seamless and successful! In This Episode We Cover: Learning the contractors’ perspective The importance in using quality materials and building long-term solutions in your properties Shopping directly from suppliers to save money on big rehab projects Creating systems to retain quality contractors Understanding the real cost of low-cost materials Upgrades to improve your rental property and decrease vacancy How to ask a contractor to walkthrough a project before you buy it How to spot houses with cosmetic fixes vs. big, expensive projects Newbie DIY projects anybody can tackle And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore Virtual Wealth Expo BiggerPockets Calculators Home Depot Joanna Gaines Ikea cost vs value report BiggerPockets Insights Marr Risinger's Youtube Channel Check the full show notes here: https://www.biggerpockets.com/show399 Learn more about your ad choices. Visit megaphone.fm/adchoices