It’s common for people to get hands on when they start flipping properties because it saves on the renovation cost.
But the problem with being hands on and doing the majority of the work is:
1. Your timeframe blows out
2. What you save in renovation cost, costs you in longer holding time
3. You’re unable to look for new deals because your busy on the tools
4. You have long breaks between projects
The only way to scale your renovation business is to get off the tools…
Put your time & effort into:
1. Finding new deals
2. Being a good Project Manager
3. Building a good team around you
The last thing you want is to be bogged down doing everything because it takes you away from the important stuff…
Work to delegate:
1. The renovation works
2. The sale of the property
3. The staging
4. The bookkeeping
When you get your time back, you’ll find you have more time for:
1. Looking for properties
2. Doing off-market prospecting
3. Talking to Agents
4. Inspecting properties
Scaling your business won’t only make you more money, it will give you your time back!
