The inability to manage contractors is the number one reason beginner real estate investors fail and abandon the real estate business. However, with the right approach, this does not have to be the case. Let’s examine the root cause for this outcome. As an entrepreneur, you must always take the proper steps to set yourself up for a position of strength. You create this position through education, imitation, and the implementation of a proven process. Mistakes and acting on opportunities with limited information are a natural part of being an entrepreneur. The goal, however, is to eliminate a vast majority of risk and to assure the shortest path to success. This can be accomplished by learning from other people’s mistakes and the experiences of others who have been there before.
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