Every serious property management firm needs to partner with a number of contractors to ensure their business is running smoothly, efficiently, and effectively. Having the right people for the right jobs on hand can make the difference between failure and success. Do you have a good team backing you up?
Your property management firm needs to have a portfolio of contractors that it regularly works with. Whether it’s regular maintenance, an urgent repair, or a part of the business that’s better left to the professionals, you need to know who you can trust to get the job done right. If you don’t have a list of dependable people whose work you can trust, you need to start building one now.
Begin developing business relationships with the people who can help your business grow and keep it running even when things go wrong. What kind of professionals should you partner with? To get you on your way to building a great team, here are seven of the most valuable contractors that every property management firm should partner with.
If you manage properties and have tenants then you know that painting is pretty much a fact of life. Whenever one tenant vacates your property and another one moves in, you need to freshen up the place with new paint. Clean walls go a long way to showing your property at its full potential.
Your firm needs to have a good relationship with painters that can do good work in a timely manner. As soon as a property is vacant your contractors need to send in a crew and get the job done quickly so that you can start showing the property to new prospective tenants. Without good painters your business is running the risk of delays and lost revenue.
2. Licensed Electricians
Whenever there is an issue with the electrical systems on the premises, you should have a licensed electrician take a look at it right away. Neglecting to do so can lead to serious consequences such as causing an injury or starting a fire. Make sure you have a good business rapport with at least one licensed electrician who does great work.
Electricians are invaluable for urgent repairs but they are a good asset for regular maintenance too. These professionals can install ceiling lamps, outlets, switches, and fixtures in a safe and efficient manner. Every property management firm should partner with licensed electricians for all things that need electricity.
A locksmith can save your property management firm time, money, and a lot of trouble. If you or one of your tenants get locked out of your property, a locksmith can get you back in without causing damage to the door or the lock. Get the right professional for the job and you won’t have to waste money to repair the damage done by breaking into your own property.
Locksmiths can solve all problems pertaining to locks and keys. Regardless of what kind of locking system your property is equipped with, locksmiths can help. These professionals can duplicate keys, replace locks, and keep your property secure.
4. Licensed Plumbers
A dependable plumber that can arrive promptly and complete the work quickly is invaluable for an emergency repair. If a pipe or fixture breaks it needs to be addressed and repaired before the water can be turned on again. This leaves your tenants without water until the damage can be fixed and nobody wants to live without water for long.
Plumbers are invaluable in an emergency but they’re also an asset for regular maintenance. Having a licensed plumber inspect your property can prevent water damage as well as mold. Plumbers can also make sure faucets, pipes, and shut of valves are installed correctly and functioning as they should.
5. Pest Control Professionals
Unwelcome creatures can spread disease and cause damage to a home. That’s why it’s important to partner with a pest control professional. These contractors can locate, remove, and prevent pests such as mice, roaches, rats, ants, and termites.
Pest control professionals can get rid of unwanted creatures in a safe and effective manner. They can also inspect your property for common entry points to prevent infestations from happening. It’s good to have a good pest control contractor on your list.
6. Landscape and Snow Removal
Landscapers can add curb appeal to your property and make outdoor spaces more functional and appealing. Treating patios, decks, and yards as an extension of indoor space has become a common practice. You can add value and make your property more marketable by creating usable space outside.
Common areas are best maintained by landscapers who can regularly mow grass, maintain irrigation systems, trim bushes, and prepare your property for changing seasons. Many landscapers in colder climates offer snow removal services for the winter when most plants are dormant. They can keep tenants and visitors safe by keeping areas clear of ice and snow in a timely manner.
7. Real Estate Lawyer
When property management firms think about contractors they often overlook real estate lawyers. These professionals are not just there to help in the event of a lawsuit. They can help you navigate the intricacies of real estate law and prevent legal problems before they happen.
It’s important to have a real estate lawyer who understands your business. While lawsuits are always a possibility with property management, a good lawyer can help you understand your duties and look over paperwork to make sure that your company is protected from various risks. A real estate lawyer can protect your assets and help mitigate liability.
Some jobs are best left to the professionals. They have the knowledge, experience, tools, and crews needed to solve problems, prevent issues, and get the work done safely, efficiently, and in a timely manner. The right group of contractors can save you money due to lawsuits, property damage, lost revenue, and tenant dissatisfaction.
Property management can be complex, time consuming, and present unique challenges. Put your company in the best position for success by having the right people available to help. Is your property management firm partnering with the right contractors?