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In this video, JP discusses the process of hiring subcontractors for investment property repairs or renovations, suggesting that direct hiring can be more efficient than using a general contractor. He emphasizes the importance of clear communication and proper agreements to ensure the job is completed effectively and to avoid issues of misclassification with the IRS. JP introduces a straightforward independent contractor agreement he has used since around 2003, which has evolved over the years but remains simple and effective for subcontractor engagements. He hints at explaining what constitutes a subcontractor for viewers who may not be familiar with the term.
