Who Pays For Property Repairs?
While we are excellent at keeping expenses to a minimum and focusing with great success on the highest return on investment expenditures, we, unfortunately, can’t assume responsibility for repair costs themselves. As with the amazing benefits of being a landlord, there are also negatives that we aren’t in a position to share in. We do however work tirelessly to find the absolute best “value” contractors in the business. Rather than hiring national companies who typically charge much higher costs and often still deliver subpar results, we opt for locally owned and operated contractors who are held directly responsible for their actions by the community exactly as we are. One major reason many national companies charge more is that they often do a lot of the admin tasks for your property manager, and that is the main reason they are popular. In our case, it’s just the opposite. We are so focused on the quality of fieldwork that our contractors do, we often end up doing a large amount of their admin work ourselves, because their amazing field results warrant this. This philosophy costs us a ton of time and resources each year, yet we still do not charge an additional fee for most maintenance. We can also authorize repairs in most cases without immediate payment given our impeccable community credit & reputation. Most of our owners never send us funds, and when they do it’s for rare and long-term expenses such as a new HVAC, or roof.