If you want to be a full-time renovator you need to be efficient and on time with your projects.
I see many renovators not focusing on streamlining the management of the jobs involved.
Just like a nail gun or Gerni, a good management tool and knowing how to use them can make all the difference when it comes to achieving this.
Here are the top 5 tools I see highly efficient six-figure renovators use:
As a serious renovator you will need to invoice people and keep track of jobs.
An invoicing app can help out with this. With some of them you can even attach photos, signatures, and keep track of payments.
Some of them will even export to accounting software.
Even just using an app with excel can make a difference with also keeping track of charts and workflow.
Gumtree app and eBay
These are the most underrated and can save you some unexpected dollars.
I know of renovators that have found old churches being demolished and salvaging stained-glass windows for free.
Others have picked up a bargain on an eBay auction that they would have paid double for otherwise in Bunnings.
Before, during and afters
During the hustle of finishing a renovation on time many renovators forget to take photos and document what they are doing.
To jump from one renovation to another you may need finance partners.
People believe what they see not necessarily what you say to them.
Before, during and after photos can be worth their weight in gold when it comes to securing new finance partners.
Renovation schedule Gantt chart
Planning is a key to success in becoming a renovator that makes over 6 figures. A simple Gantt chart can make all the difference on running a project on time but I rarely see renovators use one.
Some renovators say “I’ve got it all in my head and I’ve got it under control”, but it’s not always about you.
If tradespeople can see the time frame they have to work within, they become easier to work with.
They normally don’t want to hold other people up because they know all too well how they don’t like it done to them.
This extra benefit can make all the worthwhile to making your project run on time and under budget.
This app was a godsend to one of my renovator friends.
He had a lot of people involved in a renovation deal.
Unfortunately he found himself doing most of the physical work while others did not have as much time to join him.
This caused many fights between them as they all put up different assets to make the deal happen.
Now enter the shining light of the Toggle timer!
They all started logging their time and charging it to the job.
All the information was uploaded in real time and shareable.
Boom! Arguments solved and many insights gained.
You can be a successful full-time renovator without these tools but it sure does make it easier.
If you implement just one or 2 of these ideas you should find yourself making more with less effort. Who doesn’t want that.
SUBSCRIBE & DON'T MISS A SINGLE EPISODE OF MICHAEL YARDNEY'S PODCAST
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
NEED HELP LISTENING TO MICHAEL YARDNEY'S PODCAST FROM YOUR PHONE OR TABLET?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
PREFER TO SUBSCRIBE VIA EMAIL?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.