The Thursday Rant: How about another grand?

Dogrant_2Today’s Remodeling Rant comes to us from Ray Lancon:

“I’m in the middle of my first remodel as part of my first adventure in real estate. I was told the remodel was going to be done April 27th. I’M STILL NOT MOVED IN. The most recent bump was the floor guy. Naively, I gave him money to start the job, which he “started” in fits and stops. Yet, no matter how much or little money I gave him, the question was always the same: “Can I get a thousand dollars?” Apparently everything costs a thousand dollars. I finally fired him, two weeks after I should have, this past Monday. I had paid him too much, he had done too little, and the work he had done was shoddy at best. As I watched him pack up his stuff and told him never to come back, he got in his truck, looked back at me and said, “But I’m going to need one thousand dollars.” I almost lost it. I’m meeting the new floor guy this morning. And keeping my hand on my wallet. The moral of the story: don’t pay until you start seeing results, or make a clear payment/work schedule from the beginning.”

CAN YOU RELATE?

Do you have a Remodeling Rant? Email it to podblog@aol.com so I can post it and we can all rant together.

2 Comments on The Thursday Rant: How about another grand?

  1. Linda Slocum

    Try using an incentive program as well as a payment schedule next time.
    Contractors are notorious for poor money management, and will usually welcome a bonus for early completion.
    Set a budget, a payment schedule, a timeline, and a bonus plan for each day that the project is completed ahead of schedule. You can also add a penalty plan that does the opposite if you feel the need. Just make sure everything is in writing and signed by all parties.

  2. Willie

    My fired contractor tried something like that, but if you have a good contract he/she is out of luck. Now, it was a good thing that you fired the contractor since he obviously underbid the job and then it fell well below on his list of priorities. It happens often, money is the only way to get the contractor’s attention to your job or lack thereof, is hard call sometimes.