The greatest challenge we face as Investors and Rehabbers is How To Manage and Control all the many critical aspects that go into accomplishing a successful project.
Our Goal is Simple–
Whether a simple "cosmetic" rehab or a gut, it is easy to become "captive" to the contractors and tradesmen we hire to get the work done.
We have a simple goal. Get the job done efficiently at reasonable cost.
Sadly, those we bring to the job just don't seem to get it. Once they have your commitment, your contract to do the work, suddenly scheduling and "timely delivery" seem to go out of control. Promised completion dates pass and costs seem "subject to change" (for all kinds of "very good reasons...").
Project Management for Investors and Rehabbers– Full-day Urban Rehabber Workshop. Learn how to manage your next project for Maximum Profit. $278 (less for Members) Register Now. (Click here for Registration)
The Solution Is Simple Too
In the Real World projects are developed and completed using Planning Strategies and Tools that today are fundamental to successful project completion.
In the business, this is called Project Management. The principles and practices employed in this management protocol are employed everywhere multiple individuals, specialty trades, vendors and professionals are mustered to accomplish a common end.
As real estate investors, this is the case with every project we undertake. To one extent or another we work with multiple resources, including independent contractors and tradesmen. Done well we prosper, we make money.
But the opposite is also true-- To assume we can simply hire a contractor and he or she will "take care of it" as promised is for many a prescription for failure and loss.
It is YOUR Project!
No one cares about the profitability of your project more than you. Certainly not those you hire. They have their own agendas, their own concerns, which may or may not support your goals.
Your challenge is to maintain oversight of your project, to understand how things "ought to go". In this way you will maximize the energies and talents of those you bring to your job. You are in control.
This is what we call "effective project management". It is not just about control – it's about management.
"Project Management for Real Estate
Investors & Rehabbers"
Saturday 18 March
10am - 4:30pm
Lutheran School of Theology
1100 East 55th Street, Chicago - Room 204
* Includes 90-day Trial Membership in the Urban Rehabber Program. See Registration Form for Member Discount.
Register & Pay now...
"...Learned how the process of rehabbing actually works" - Chrisandra
Learned "to be more detailed with the Scope of Work and actually create line items for each [task] if possible." - Nate
"I am a novice in this field... I think chronologically, so the step by step information was very helpful to get started with. ... It went very well. I liked the small, intimate group and interactive activities." - Vickie
The workshop "went well. The graphics were detailed to understand completely... I will rethink how to manage the project and the jobs completed. I will deal with contractors differently." - Rob
Learned "...that rehab could be done in three weeks." - Chrystal