Growth in Philadelphia’s core has invited a plethora of millennials to try their hands at real estate development. With many experienced contractors hard at work with established developers, young developers, therefore, have to evaluate the risk of hiring an inexperienced contractor versus an experienced one who is very busy. As it turns out, engaging a contractor may be no different than finding a date for Saturday night: read a brief internet profile; look at a few (carefully staged) photos; send some messages; and you’re off on a date IRL (in real life). This article will help you navigate the crucial developer-contractor relationship.

  • Lessons from Online Dating

In helping young developers build up their businesses, I have found that contractor issues hurt profitability the most. Here are some common construction occurrences and how they may mirror your online dating experience.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]