Top 3 Reasons Why Contractors Have Cash Flow Management Issues and How to Avoid Them

06/11/2024 8 min Episodio 359
Top 3 Reasons Why Contractors Have Cash Flow Management Issues and How to Avoid Them

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Episode Synopsis

Have you ever been caught off guard by a contractor demanding payments? In this episode, we dive into the top three reasons contractors often ask for money before completing a job—and why you should approach these requests with caution. Cash flow management is key to successful real estate investing, and understanding how to handle contractor payments can save you time, money, and headaches. I'll share my proven strategies for negotiating payments that protect your investments while ensuring your projects stay on track. From setting clear payment milestones to holding back the final payment until you're completely satisfied, these tactics will empower you to maintain control of your projects and your finances. Join me as we explore the pitfalls to avoid and the best practices to adopt when working with contractors. Let's build a stronger, more profitable rental portfolio together   Your Call To Action: Text Me Your Feedback (number in this episode)    Connect with Jay: LinkedIn  |  Facebook  |  Tweeting on X  |  YouTube

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