During Your Flip: Nail these Crucial Project Management Skills

by Robin Tanner 01/12/2020

Photo by TeroVesalainen via Pixabay

Flipping a house successfully means keeping your ducks in a row during the rehab process--and that typically means communicating with several vendors to coordinate work, making sure everyone is on the same page, and dealing with delays when they (inevitably) occur. It's worth your while to build a project management strategy and skill set into your workflow, particularly if you aren't accustomed to managing multiple teams on a project. 

1. Always Know What's Happening 

When you get started on a project, you'll need a list of vendors (electricians, plumbers, landscapers, etc.) and a scope of work for each of them. In some cases, a general contractor will manage all of these for you; in others, you'll end up coordinating the different facets of the job yourself. Regardless of who's doing what, you need to know what your people are working on. Don't micromanage the people you've hired, do check in with your contractor often.

The best suggestion is requiring a report of who's on the job (general contractor, subs, other vendors) and what's getting accomplished each week. This keeps your contractor more accountable and keeps you informed of issues as they pop up. 

2. Use a Project Management System 

House flippers use a huge variety of different online tools and apps to keep them on track, and the one that works best for you will be the one you find easiest to use. Many have had great success with Podio, Basecamp, and Asana as well. Learning one of these systems (or establishing your own) and using it to keep you and your team on track will make a huge difference in keeping your project running smoothly. 

3. Set Expectations Before You Begin 

It sounds simple, but this is a big one. Before your contractors get started, talk them through your goals--in terms of timelines, budgets, and unforeseen issues that arise during the flipping process. Here are a few issues to address with your contractor before work even begins: 

  • What grade of materials and finishes do you expect to be used? 
  • What happens when it becomes clear something is going to cost more than expected? 
  • What subcontractors will your general contractor be hiring out? For what projects? 
  • Do you expect a weekly report of what's going to be accomplished that week? Will you be on-site each day for a walk-through? How will you stay on top of the project and answer any questions that come up? 

Many excellent books have been written on managing a house flip, so don't take this to be an exhaustive list by any means. But it's a solid skeleton of a jumping-off point as you plan out the most efficient ways to manage your projects. 

About the Author
Author

Robin Tanner

Robin’s Mission Statement: I am here to help people realize their dreams!!

Robin Tanner has lived in Benicia for over 30 years, and is very grateful to wake up every morning in this beautiful little town. She is your neighborhood consultant, not a salesperson. Because of this you will get all the latest information on schools, neighborhoods and about the town in general. She was a teacher in her past life, making her an expert educator. You can be sure she will help you make the best-educated decision possible when buying or selling your home.

Her love of working with people and helping them find what they want and need, will make this a fun and exciting journey. She has a great team alongside her that can help with your FICO scores and loan approvals as well as helping cross any other bridge you may come to (Short Sales and Foreclosures). Her team helps everyone with all aspects of the buying and selling procedure, and will do what needs to get done to make this a positive experience.

Robin believes that as part of her job she must continue to grow and learn. To achieve this goal, she is always taking classes to advance her knowledge of the Real Estate industry. You will be informed of all new information pertaining to any Real Estate.

She lives passionately and adventurously and is so grateful for all the fantastic clients she has had over the years, many of whom have become great friends! When Robin isn’t working as your real estate consultant, she is enjoying the outdoors while boating, horseback riding or gardening.

Areas served: Solano County & Contra Costa County

Specialties: Residential Properties, Relocation, Luxury Market, Seniors Community,Ranch/Ranchettes, Land, Mobile Homes, Short Sales, Bank Owned, Industrial/Warehouses, Investment Properties, Residential Income

Awards/Achievements:
• Thomas R Stone Associate of the Year 2011
• R.V. 'BUD' Stone Most Inspirational Agent 2012

Education/Work Experience:
• Real Estate Certification
• Certificate for Early Childhood Education
• Certificate for Medical Insurance
• Pre-School & Elementary School teacher
• Landscape Architecture

Community Involvement:
• Soccer coach
• Little League coach
• School Volunteer


ROBIN TANNER
Title: REALTOR® (707) 333-5604
[email protected] English
www.robintanner.com
CalBRE #01509690