On this Project Management Call, the team highlighted recent wins and welcomed new members while diving into proven strategies for managing rehab projects. Jeremiah Dalton shared his data-driven approach, emphasizing strong contractor relationships, clear communication, and efficient systems that keep projects on budget and on schedule. The discussion also covered hiring, material procurement, and balancing business growth with personal priorities.
The discussion centered on project management strategies within CG, showcasing team wins, new member integration, and practical approaches to managing rehabs. Joe Ferris shared positive reflections from his first month as operations manager, while Chris Riley recounted the profitable sale of a challenging property. Jeremiah Dalton led the conversation, presenting data on average rehab costs of $86,000 and 38-day turnaround times, and explaining his process of working with two general contractor groups, a property scout, and feedback from inspectors and realtors to create thorough punch lists that ensure quality and timely completions.
Dalton emphasized the importance of building a strong team over nearly a decade, highlighting collaboration, communication, and contractor relationships as keys to scaling operations. He typically manages three to six projects with an eight-week goal, noting challenges in the final stages, and discussed how agents’ insights shape acquisition decisions and negotiations. He shared strategies for hiring maintenance personnel, managing contractor capacity, and streamlining material procurement by relying on contractors for most purchases while focusing only on high-end items. Using tools like Slack, Asana, and weekly contractor meetings, Dalton prioritizes accountability, efficiency, and balance, aiming for manageable, profitable projects that align with both business goals and personal priorities.