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In this tutorial, JP discusses the process of hiring subcontractors for investment property repairs instead of using general contractors. He emphasizes the importance of clear communication to ensure that the job is completed effectively and to avoid misunderstandings that could lead to additional costs. JP introduces a straightforward independent contractor agreement he has been using since around 2003, which has evolved over time. He describes this agreement as a simple, plain vanilla document designed to facilitate the hiring of subcontractors. The tutorial sets the stage for understanding subcontractors and how to manage contracts efficiently to prevent issues with payments or IRS classifications.
