• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • Twitter
  • YouTube

Owner Login | Tenant Login | 323-255-9400 ext. 4   GET A QUOTE

Los Angeles Property Management Group offering residential, luxury, and commercial property management in the Los Angeles area

Los Angeles Property Management Group

Property management in Los Angeles & the Valley, done right.

  • Services
    • Residential Property Management
    • Luxury Property Management
    • Commercial Property Management
    • Get A Quote
    • Why Agents Trust Us
  • Why Choose LAPMG
    • Mission Statement
    • Recent Reviews
    • Awards and Recognition
    • Our Team
  • Articles
    • David Crown in Forbes
    • Case Studies
    • Industry Blog
  • Areas Served
  • Careers
  • Contact
    • Contact Us
    • Portal Logins
    • Prospective Tenants
    • Our Team
    • Owner FAQs
    • Resident FAQs
    • Privacy Policy

How Much Down Payment Should I Deposit with a Contractor? Part 2

January 24, 2019 LAPMG

How Much Down Payment Should I Deposit with a Contractor? Part 2

How Much Down Payment Should I Deposit with a Contractor? Part 2

Again, the choice to work to the letter of the law is one to be decided by you and your contractor considering the different aspects of the work to be done.

3. Always work with some kind of written and agreed upon work schedule.

It really shouldn’t matter who you are contracting, whether it is someone you know or a new contractor, the habit of documenting the works to be done is something you have to pick up.

This is multifaceted in benefits.

This will define the project scope and milestones.  It’s with this that you can use to structure out payments based on deliverables.

A document like this brings in more flexibility and ideas of how to actually relate with the contractor, ideas like sourcing the materials together with the contractor. A schedule will define how much of what is needed and when, some savvy owners we have worked with prefer buying the materials by themselves and only pay the contractor their labor costs.

Beyond that, you easily know if work is on schedule or if the quality is as agreed. You then can chart the next course of action based on actual knowledge.

Answering the question then. How much to deposit with a contractor as a down payment is something every property owner has to decide with his contractor considering how well you know the person or company you are dealing with, how you choose to work with your local state and importantly the details and the scope of the work as defined by you and your contractor.

There are many uncertainties; the onus of protecting your downside squarely falls on you.

We have succeeded in the last decades managing properties in Los Angeles because we assume this headache from property owners. If you are a property owner, commercial or residential, hiring a property manager like our company lays the ground for you to get better value when dealing with contractors.

As you consider that, follow us on Twitter and Facebook for more tips and resources like this on managing your properties.

 

Author

  • LAPMG

    View all posts

Filed Under: Commercial Properties, Latest News, Projects, Residential Properties Tagged With: contractor tips, landlord advice, tenant tips

Primary Sidebar

    PROPERTY OWNERS: CONTACT US FOR A FAST FREE QUOTE

    (This space is not for tenant contact. Check out our listing page.)







    Loading...

    Footer

    Award-winning management means:

    Best property management in Los Angeles - Our Awards

    • Maximum profits.
    • Responsive service.
    • Vacancies filled quickly.
    • Accurate understandable monthly reports.

    Proud Members of:

    AAGLA AOACA AIR Commercial Real Estate Association Member BOMA 2024 Member of Forbes Real Estate Council Great place to work

    Contact Information

    
    

    YouTube LAPMG   Facebook LAPMG   Twitter LAPMG   Los Angeles Property Management Group on Google Maps

    Los Angeles Property Management Group
    10960 Ventura Boulevard Second Floor
    Studio City, CA, 91604
    Phone: 323-255-9400
    Contact Us

    Los Angeles Property Management Group is a licensed real estate broker, State of California, DRE License Number 01931033.

    Los Angeles Property Construction Inc. is a licensed contractor, State of California, Contractor State License Board Lic. # 1050649.

    Kyle Crown DRE License #0193638
    David Crown DRE License #01157354

    © 2025 Los Angeles Property Management Group · Privacy Policy
    10960 Ventura Boulevard Second Floor, Studio City, CA 91604 · Phone: (323) 255-9400
    LAPMG is committed to ensuring digital accessibility for people with disabilities. We are continually improving the user experience for everyone and applying the relevant accessibility standards. If you have any issues, please contact dcrown@lapmg.com.