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Business Development

6 Must-Have Docs for Contractors

How do you get what you need from your contractor?

You probably know that contractors are critical for rehab jobs. And you need to make sure you hire the right person… and after that, you need to clearly communicate your requirements. That way, the job will get done on time and on budget and meet—or hopefully exceed—your expectations.

JD Esajian here letting you know in this lesson that the best way to make sure all of this happens is to use these 6 critical documents for every rehab job.

W-9

A W-9 is a tax-related document. Contractors need to sign one of these for you every year. That allows you to send your contractor a 1099 form at the end of the year, making them responsible to pay their taxes for that year.

If you don’t get that W-9 signed – and then follow up with a 1099 form, but the contractor doesn’t pay his taxes, the IRS can hold you responsible for those…


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