When you’re hiring contractors and vendors to work on rental properties, make sure they are licensed and insured, and always check their references.
Property Management Contra Costa: Avoiding Liability
Insurance is important because if there are any accidents, the liability is not placed on you, the property owner. Your contractors will have their own insurance to cover any problems or issues.
A friend recently hired a painter who was uninsured and unlicensed. That painter was on the roof, and he fell and got hurt. Since he wasn’t insured, he sued the property owner. That’s not an expense or a lawsuit that you want to deal with.
Using Professional Property Maintenance Services
Some of our owners try to manage maintenance jobs themselves. This is especially common when they’re rehabbing a property. They do this because they want to save money, but it takes a long time. Usually, an owner-driven repair project will take months. When we provide the management, the property can be completed and ready to rent in less than four weeks.
If you’re managing on your own, maintenance projects can go more than three months. You may find that it’s cheaper to do the work yourself, but when you factor in the lost rent for those months, you aren’t actually saving anything. You’re spending more than you should.
If you need help choosing property management vendors, or you have questions about professional Contra Costa property management services, please don’t hesitate to contact us at A. Meadows Property Management.
We would be happy to tell you more.