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How to Keep Your Rehab Budget Under Control in Philadelphia

You can lock in your profit with a great Philadelphia real estate deal by keeping your rehab budget under control. The project management side of real estate investing is often overlooked. Everyone from newbies to experienced investors run into surprises from time to time while rehabbing properties. Through good project management, you can preserve your bottom line.

Watch this video to learn how you can manage your rehab budget effectively by avoiding five common mistakes.

[2:04] Mistake #1: Selecting the Wrong Contractor
[3:45] Mistake #2: No On-the-Ground Project Management
[4:46] Mistake #3: Focusing on Personal Taste
[5:47] Mistake #4: Forgetting to Budget for Safety Issues
[7:20] Mistake #5: Not Including a Contingency

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