Do I have to hire General Contractor?

[detroitLL]

Fire at Rental Property

What is the name of your state? MI

I recently had a house fire at my rental property in Detroit, MI. I have an actual cash value insurance policy with a 100,000.00 worth of coverage. My estimates from General Contractors are coming in at 105,000.00. Basically after they depreciate i will not have enough to make the repairs using a GC. My question is "Will the insurance co. or mortgage co. make me hire a "General Contractor" or can I be the const. manager and get my own sub's?" Also if I ran the project myself will they pay out in phases or will I have to get reimbursed once I’m finished? Just an FYI - I am a residential designer/const. manager in Atlanta, GA. So I am capable of doing the job myself, just not a license general contractor in MI.

 

[moburkes]

What is the name of your state? MI

I recently had a house fire at my rental property in Detroit, MI. I have an actual cash value insurance policy with a 100,000.00 worth of coverage. My estimates from General Contractors are coming in at 105,000.00. Basically after they depreciate i will not have enough to make the repairs using a GC. My question is "Will the insurance co. or mortgage co. make me hire a "General Contractor" or can I be the const. manager and get my own sub's?" Also if I ran the project myself will they pay out in phases or will I have to get reimbursed once I’m finished? Just an FYI - I am a residential designer/const. manager in Atlanta, GA. So I am capable of doing the job myself, just not a license general contractor in MI.

The better question is whether or not your city will allow you be be a GC without a license. They will pay in "draws" likely, but, you really need to direct your questions to THEM, since they have the final say.

 

[detroitLL]

yes I can pull a homeowners permit. except for mechanical and electrical and I have people to pull those permits.

 

[moburkes]

yes I can pull a homeowners permit. except for mechanical and electrical and I have people to pull those permits.

Then ask the insurance company. Usually, when you pull the HO permit, you're telling the city that you're doing the work yourself, right?