However, by properly vetting your contractors, you can reduce the danger of working with someone who can harm your company. If you have some rehabbing experience and are having trouble making a decision from a financial standpoint, a helpful approach is to know your own worth. If you were hired by someone else for your services, how much would you charge per hour? A good rule of thumb is to hire sub-contractors to carry out tasks if it would cost less to pay them than the hourly rate you determined above. Bali-Contractor.com was established in 2008 with the sole aim of delivering effective real estate housing solutions to clients with a vastly experienced and multilingual sales team.
- Choose your words carefully while making sure the real estate agent understands you are there for a mutual venture, and not to poach clients.
- Their true value comes from their vast experience of doing many of the same types of jobs over the years, resulting in better, faster work than you can do as a DIYer who’s just learning.
- Explore avenues where you can utilize your certification as a licensed real estate contractor in accordance with your aptitude and career plans.
- The agreement should clearly define the salesperson’s worker status and specify for federal tax purposes whether they are an independent contractor, Troiani says.
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Set a goal for the contractor to achieve and pay them when they meet it. I can’t emphasize enough how crucial it is to stay on top of your payments. Nothing bothers a contractor more than not being paid for work that has already been completed. The more you and your contractor are on the same page, the better off the task will be.
Factors Influencing Independent Contractor Status:
Don’t give them hundreds of examples and evidence; the more you try, the more it looks like you’re nervous and stressed out, and you’ll appear like a liar. Keep it super simple and informative, direct to the point, so the client feels it’s logical and fair enough. To effectively address conflicts with clients, it’s crucial to pinpoint the underlying issue.
