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When hiring subcontractors to repair or rehab investment properties, it may be more cost-effective than hiring a general contractor. To ensure clear communication and avoid wasting money, an independent contractor agreement can be used. This agreement, provided by the speaker, is simple, straightforward, and effective in outlining the terms of the job. Hiring subcontractors can help avoid complications such as misunderstandings, disputes, or potential IRS issues regarding employee classification.
