Hudson Valley REIA’s August In-Person Meeting brought investors and local industry professionals together for a different kind of conversation—one focused on what happens after an investor purchases the property and the renovation begins.
Our August meeting, The PROS Roundtable: From Scope to Completion, focused on the inner workings of planning and managing a renovation for a rental property or fix-and-flip.
Rather than having one traditional guest speaker, we brought together experienced local professionals from several important areas of the renovation process.
The goal was simple:
Put investors and the professionals who perform the work in the same room and have a real conversation about how renovation projects actually come together.
A Real Property. A Real Exercise.
One of the highlights of the evening was our interactive Scope of Work exercise.
We selected an actual Hudson Valley property currently on the market and used it as our case study for the night.
For the purpose of the exercise, we assumed that the property had already been walked and that the major conditions had been identified. That allowed the group to move beyond the inspection stage and tackle a question every investor eventually faces:
Now that we know what the property needs, how do we organize the renovation?
Each attendee received a simplified Scope of Work worksheet.
Together, the investors and PROS discussed: