Hi, it’s Lou Brown. I’m back with another of my 101 cash flow accelerators.
One of the things that can help you a lot is to save money when you are doing renovations. And one of the things that you have to get clear in your contract with your contractor, I jokingly say CONtractor, it’s built right into their name, right, is that it gets, you get very clear at the beginning who’s going to do what under what circumstances, in what time frame. And one of the things you always want to get clarity on is the concept of having to give permits from the County. Is it you that’s going to get the permit and they’re going to work under your permit or are they gonna get the permit? Well, I always recommend, that you have the CONtractor get the permit. They’re putting their license on the line. They’re putting themselves at risk when they don’t do what they’re supposed to do. We always want to get the sign-off from the County before you proceed with paying them.
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