As you get started in real estate, you realize that even though you have a contract, one thing you will learn that Contractors, Property Managers, and other people you pay feel a little entitled and that they REALLY don’t have to follow one. Its frustrating and annoying, which makes it even more important for you to get an air tight contract.
Its not the easiest discussion, and some businesses and contractors you do business with are more willing to be accomodating than others. However, the fact that someone will press the issue is a given, and you just have to be strong and hope you made sure your interests were taken care of. So even though we all know how important it is, I am going to give you some examples of how little things can come up and make having that contract makes relationships run much smoothly.
Good relationships is what I TRY to maintain, and a good contract can help with that as well as protecting your interests.
8 Comments
I love your page..but can you respond to my questions
Hi, I dont see a question….
Hi Lisa, very good video. Who writes your contracts?
fold like a house of cards
You Work TOO Hard because You Clearly looked half-sleep in this Video đ
Lol
Yay! This is one of my most favorite subjects! And as a result, tons of
questions as usual. *smh*
Yup, I agree with Mr. RLRE, you were definitely not your perkier,
passionately firm & stern self in this vid. You know you have to
time-manage some sleep in too. Deprivation is a slow dream killer.
Do you have someone you go to that writes up your contracts into legal
jargon? i.e.: contract attorney or contractor lawyer?
Have you ever found yourself, in real-life-example, debating on whether to
sue, with a situation whereas thereâs no alternative other than to go
forward to the courts and sue someone for breach of contract? Mainly,
because the amount youâre suing for is debatably low and possibly not worth
pursuing a case; however satisfying it may be to win said case.
Would there be a squeal to âContracts, Contracts, Contractsâ, with more
real-life-examples? Sort of like a 0029.1, or something. I loved your
lesson on adding a âcontingency for tardinessâ addendum to the contract,
because I heard this happens way too often with contractors. Especially
when theyâre doing multiple jobs in the same vicinity.
hi lisa one way to protect your self frrom late is put in sentence if you
do not finish on time ,you will pay a fee of $ 100.00 dollars a day.