EPISODE 583: Struggling to keep your construction projects on time and on budget once the deal is closed?
Many real estate investors focus on finding and acquiring the right property, but the real challenge begins during construction. Unexpected issues come up, timelines shift, and change orders increase, causing delays that can quickly impact your profitability if you’re not managing your project efficiently.
In this episode of The Real Estate InvestHER Podcast, Liz and Andresa break down a real-time $5 million ground-up construction project and share exactly what it takes to manage it successfully. From building an A-plus team to understanding your own gaps as a leader, they walk through how to align with experienced professionals who can execute at a high level and eliminate costly learning curves.
They also unpack how to handle the inevitable delays that come with construction, including zoning surprises and weather challenges. Most importantly, they share three critical strategies to stay in control: increasing communication with your team, making proactive decisions to keep momentum, and maintaining a clear pulse on your cash flow. This episode is a practical blueprint for any investor who wants to protect their timeline, their budget, and ultimately, their profit.
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Liz + Andresa