#1: I don't listen to my dad's advice. "When a contractor talks non stop, the work will not start or end well."In the initial stages of meeting, discussing and planning, when everything is "Oh yeah, I'll have that looking great! Don't worry, you're going to get the best! I'm a hard worker! I start a job and I finish like it was my house!". It will never be. They are selling you on an illusion because their work will not. #2: I never trust my gut. I unfortunetly give the benefit of the doubt to a person when my $ is on the line. I need to end this. Tenents will walk all over me in the future if I allow this to carry on. So long story short, I ignored all the flags. $1300 job with lots of pressure that he was "ready" and I was "holding him up". $500 down payment for materials in his hand and poof! "oh I'm moving so it's tough. My son is in school so he needs rides. It's too hot today and tomorrow (85?) and this weekend will be too nice so I want to be out on the lake"My friend... I don't give a ****. My cash in your hand = do what I just paid for. I'll update as the bs rolls in. One way or another I will be getting my $back or my job done.
Hi, This is one topic where investors need to error on the side of caution! Holding money back against the contracts labor and materials is called "Retainage"! In all US states the industry standard and the law say's "Retainage is limited to 10% against all contracts" this is the way it is and anything more than 10% Retainage from draws is illegal!
Hi, Texas issues contractors a Certificate of Authority to General Contract at the County Level! Basically a business license! GR