In this video, investor Shawn Tiberio answers a new investors questions about what are the essential contractor contracts you need to have in place with your contractor on all your rehab projects.
He'll also share with you the one contract that saved him $17,400 on his very first rehab when a contractor tried to pull one over on him.
These contracts he will discuss are:
- Independent Contractor Agreement
- Insurance Indemnification Agreement
- Final & Unconditional Lein Waiver
- Payment Schedule
- Detailed Scope of Work
Not discussed in this video is the last of the 6 critical documents that you should have in place and that's a W-9.