Allan Orasuk is a construction manager in Ottawa that we have worked with on multiple projects. He has extensive experience as a general contractor managing projects and subcontractors, and he is on the Self Wealth Real Estate podcast today to help us better understand the construction side of real estate investing.

 

Listen now to learn more about what goes on in the construction side of real estate investing and what you can do to build better working relationships with your contractors!

 

Key Talking Points of the Episode

 

00:00 Introduction

01:15 What is Allan’s background?

05:05 How has Allan’s experience in construction helped him in managing projects?

06:50 What is the best way for investors to vet their contractors?

09:05 What can investors do to manage their flips the best way possible?

14:13 How does Allan execute a flip?

19:32 What is the best way to build a team for your flips?

25:06 How does Allan manage timelines for his projects?

28:00 Why should you consider incentivizing your contractors for a flip?

30:38 What is a fair pay structure for your contractors?

41:31 What is the most efficient way to manage contractors for a permitted project?

45:34 Who should be handling inspections for your flips?

48:55 What is the best way to deal with smoker houses?

54:01 What is Allan’s favorite renovation that he’s done? 

59:06 What was Allan’s least favorite project like?

01:03:55 What has changed with Allan’s approach in managing construction projects?

01:05:29 What is Allan’s advice for his younger self?

01:06:32 How can you get in touch with Allan for your construction projects?

 

Quotables

 

“Like any investor, I wouldn’t suggest to hire a GC that just manages the whole project for you. I mean you can, it’s just that those margins aren’t gonna be there that you’re looking for.”

 

“Construction law, it kinda protects the contractor in Ontario. Let’s face it, it is what it is so at that point, you have to use your electric documentation, your email, as much as you can and then just set the rules.”

 

“What I look for in signing contracts on your behalf or for myself, is there’s not just protection for the contractor, there’s also protection as a homeowner.”

 

Links

 

Website: Bliss

https://offmarketbliss.ca/

 

Phone: Allan Orasuk

(613) 884 - 1715

 

Email: Allan Orasuk

construction@blissrealtyinvestors.com