David Jacobs
Understanding Construction Warranties
Understanding the complexities of construction warranties strengthens your position as a developer or owner and helps ensure your project is finished to quality standards. Warranties are a familiar concept to most people because they cover nearly all purchased goods and services. Construction projects are no different. There are multiple levels ...
Progress Payment Submittal Requirements
Managing the disbursement of funds is the key to ensuring a construction project is completed within budget. Construction lenders often include specific requirements for progress payment requests in their loan agreements. This is an excellent way to guard against misuse of funds during a construction project. As a developer, you ...
Understanding Mechanic’s Liens
Understanding how lien rights work and how to accurately track lien documentation is essential for developers. Most real estate developers and investors have at least a basic understanding of what a mechanic’s lien is and that contractor’s lien rights can pose a financial risk to a project, if not properly ...
Investors in the cannabis industry must carefully evaluate all factors affecting their target market to minimize risk. The California Gold Rush of the 19th century is an ideal study in risk management. The lure of unimaginable wealth and the romanticism of the American frontier pulled hundreds of thousands of fortune ...
Local Connections Aid Successful Development
As any developer knows, one of the most difficult hurdles to overcome in the pre-job phase is gaining the approval and support of local governing organizations. Whether you are planning to develop a new commercial facility or build a new subdivision, your project will hinge on the approval of local ...
Starting a new business can be a rewarding endeavor, but one that comes with a unique set of challenges. Well before your grand opening or new product launch, you will need to make many decisions and address several challenges. One of those challenges is securing an appropriate facility from which ...
How Deed Restrictions May Impact Your Real Estate Investment
There are typically two types of restrictions that impact an investor’s plans to develop a property: zoning restrictions and deed restrictions. Investors are generally familiar with zoning restrictions, and they can be easily found when an investor researches a property. Zoning restrictions are developed to better regulate the expansion of ...
Property Development Is About People
It is easy to get lost in the finer points of property development when there are so many moving pieces that developers are responsible for managing. Between acquiring professional teams, project deadlines, budget revisions, risk management, and compliance with local ordinances, a developer must always be on call. The most ...
4 Steps for Vetting a General Contractor
Embarking on a development project of your own is an exciting and rewarding endeavor. However, it is also a venture that comes with many obstacles. This is particularly true if you are a first-time developer and not familiar with navigating the construction process. The key to a successful build is ...
