I have been investing and rehabbing houses for the past 5 1/2 years. During this time I have personally rehabbed over 50 houses and been involved in over 200 total transactions.Most of these projects have been done remotely. I know for many it would be completely out of the question to purchase a property that was not within driving distance.
The reality for me is that it has allowed me to work more efficiently and more quickly. I do not get in the car and drive out to make sure it’s still there a couple of times a week, nor do I drive out and make sure the contractors are on site doing their job.

Instead I take the following approach.

I make sure I have people who work and get paid to protect my interests. One of these people is my construction manager.
She takes control of the property once the investor has closed on the purchase. She will contact the contractor in charge of this specific project and confirm the timeframe that was previously arranged for completion, along with the total costs of the rehab. As the construction manager, she will also take care of tedious things, like making sure the utilities are turned on when they need to be, confirming the on-site inspector (click here) is reporting back with photos and written feedback on a timely basis.

In other words, as investors we have one thing that we do -- we buy the property! After it is purchased, we can go back to what we do -- buy more properties!

What this means for the average investor whom I am involved with and whom I help build their portfolios, is that they can go about their lives, virtually without any changes. No calls to make to the contractor to check on the progress of the property. No calls to the utility companies attempting to coordinate their service people being there at the same time someone is working so the services can be started!

In other words, the hardest parts of the rehab project are taken care of by a very competent individual -- my construction manager.

This person has been with me as an investor and now as my Assistant for a year. She has invested in the markets she coordinates. She has traveled to the cities and met with each person we do business with to ensure our success. She has met with the property managers to make sure when a bid is presented, it meets the rent-ready condition that the property manager will want to see when given the green light!

This step alone can save you weeks on every project, not to mention placing a renter in your property more quickly upon completion!

The construction manager will report to you at least once every week with photos and a brief written description of what progress has occurred since the last report. This is critical because she will also be dealing with coordinating the timing of the appraiser doing the final appraisal for your lender. Again this step will save you time, and time is more valuable than money. This will also help close your refinance more quickly. When doing business with Top Ten Investments, Inc., the Construction Manager is not an option. I want to make sure every time you do a deal, it goes as scheduled. When every step for all projects is coordinated by one individual, it allows for this to happen, time and time again.

Let’s face it; the average real-estate investor is someone that is doing this part time with the goal of investing fulltime in the future. While in the part-time mode, allow us to help you do it at a fulltime pace!