EP 210: How to Take Control of Your Renovations & Remodels with Dawn Matze
Jan 27, 2022“Construction touches every aspect of investing, and you can't get around it,” explains Dawn Matze, female general contractor and Founder of Woman Builder. Dawn has been a General Contractor and investor for over years. She engages in an eye-opening conversation with co-hosts Andresa and Liz about the underestimated importance of understanding contracting, investing and the endless ways the two intersect.
In today’s episode, Dawn shares her profitable advice on what to do before signing a contract with a contractor. As a woman in the field, Dawn is well-versed in how male contractors might try to scam women out of top-notch construction services. She explains the significance of meeting with your contractor in person, as opposed to virtually, to get a feel for their professionality. She suggests questions to ask your prospective contractors such as: do they have insurance, an address on file, their own construction license as opposed to a shared license? The point Dawn drives home for women investors is to hire a contractor that you communicate well with and who respects you as an investor.
Tune into this week’s interview episode of the Real Estate InvestHER Show for a conversation with Dawn Matze about identifying red flags in contractors, the proper way to remodel, and why you should NEVER pay a contractor in advance. Then, check out Dawn’s Facebook page where you can find her helpful hints on the language of construction, linked below!
Quotes
• “Some of the things that are so important for us as investors [is to] realize that construction touches every aspect of investing, and you can't get around it.” (09:49-10:05)
• “I mean, if you have figured out how to manage a bunch of men, you can figure out how to make any investment work.” (10:29-10:33)
• “So the thing I think women forget is to communicate directly with that contractor, as if he's part of your team.” (13:00-13:11)
• “So, it's really important to know what kind of general contractor they are. Do they look you in the eye? Or do they look at your boobs? You know what I'm saying?” (13:37-13:46)
• “One thing women need to remember is: don't remodel, flip.” (19:34-19:41)
• “There's so many pitfalls. A guy can hold a license...but that might be their friend's license. You have to go into the contractor board in the state in which they hold the license and look it up. And make sure that if it's a company, then you ask them: what is the role that they have in that company? Are they a working general contractor?” (16:59-17:27)
• “There's always potential for rip off. You have to keep your eyes and ears open.” (24:10-24:18)
Connect with Dawn Matze:
IG: @womanbuilderdawn
https://www.facebook.com/womanbuilderdawn/
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