Email Dave Email
Residential Real Estate
Sep 29, 2021

HOW PROPERTY MANAGERS HELP AVOID PITFALLS OF HIRING VENDORS

Sponsored Content provided by Dave Sweyer - Owner and Broker, Sweyer Property Management

HOW PROPERTY MANAGERS HELP AVOID PITFALLS OF HIRING VENDORS       
The term “investment property” does not describe any one type of house, condo, townhouse, duplex, apartment building, etc. And the term “vendor” does not describe any one person or company that may be hired to do work in or around a property.

In fact, just like properties, vendors come in all shapes and sizes, and all serve certain ends. A weekend toilet backup or HVAC emergency in mid-July will need to be addressed quickly, requiring vendors that are able to provide expedited service. Conversely, a job may be ongoing like landscaping or pool maintenance, or something elective like new flooring or countertop replacement, thus allowing owners or property managers to shop the job.

So, what goes into selecting vendors?

1. LICENSED AND INSURED
Accidents happen. They are an inevitable part of life, whether it’s when we are driving our cars, enjoying recreational activities or, yes, working on our properties. That’s why it is of the highest importance to only use vendors that are properly licensed and insured. Doing so protects your property in case damages or accidents occur while the vendor is working at the property and assures that you are not liable for the costs associated with any such damages or accidents.

2.  AVAILABILITY 
Vendors need to be available when a job needs to be done. Landscapers typically will be hired to provide regular service on a weekly or bi-weekly basis, depending on the property’s need for upkeep, and a property management company may hire one company in order to have scheduling priority for the multiple properties or communities it manages. Plumbers and HVAC techs may be needed on an emergency basis, and a property manager may rely on multiple trusted vendors who can be available when needed.

3. REPUTATION
It’s the oldest and best form of advertising – reputation, or word of mouth. No matter the online search engine or social media algorithms that lead to a vendor’s online presence, hearing from a trusted source that a vendor is reliable and does good work is more important than any SEO metric or slick website. The best vendors protect their reputations every day by simply doing the jobs they are hired to do and being competent in their area of expertise. This truth can be seen daily on neighborhood Facebook and Nextdoor groups when homeowners ask their neighbors for recommendations for nearby trusted and experienced electricians, roofers, or landscapers. A simple “Looking for someone to come fix my leaky sink,” post generates several responses, a lot of times within minutes of posting.
 
4.  PRICING
Like with any other purchase, the price of a vendor’s service comes into play when selecting who or what company to use for work at your property. In an emergency situation, a higher-priced vendor who can perform the work in a timely fashion may be preferred, whereas vendors for a renovation or other non-rush work may need to provide bids to win the job. Professional property managers will have vetted vendors on the ready to perform whatever work their owners and their properties need to have done and will know what to expect when it comes to pricing, having either pre-negotiated rates with vendors or, through experience, knowing what vendors tend to charge for their services.

Having a professional property management company manage your property/properties takes the guesswork and concerns out of the process of finding and hiring vendors. Sweyer Property Management works with scores of vendors throughout the Cape Fear region, and we have many in-house or otherwise exclusive vendors to service our clients’ properties. Our long-standing vendor relationships give our company – and thus, our clients - priority so jobs are done properly, on budget, and on time.
Give us a call today and let us lend our experience and expertise to you when making the decisions to best maximize and protect your rental properties.

If you have investment properties and do not use a professional management company, we hope you will consider doing so. The experts at Sweyer Property Management will be happy to provide you with a free rental analysis or, if you prefer, give us a call at 910-256-3031.
 
Sweyer Property Management is a full-service professional property management company that specializes in all aspects of rental management. If you’re an investor or property owner looking to learn more about our services and what a professional property manager can do for you, reach out to us today at 910.256.3031 or via our website.  Sweyer Property Management has exhibited continuous growth throughout the Wilmington, Leland and Hampstead areas while maintaining an excellent Google+ rating for customer service.
 

Other Posts from Dave Sweyer

Sweyer animated 300x250 ad
Ico insights

INSIGHTS

SPONSORS' CONTENT
Web awstaffpic2020 1 132245438

Meet Alex Umstead-Wrenn, New Board President at the Cape Fear Literacy Council

Alesha Edison Westbrook - Cape Fear Literacy Council
Dave sweyer 300 x 300

SHORT-TERM vs. LONG-TERM RENTALS

Dave Sweyer - Sweyer Property Management
Headshotrosaliecalarco 1182131047

Important Family Conversations During The Holidays

Trending News

Ice Storm Expected To Cause Power Outages

Scott Nunn - Jan 20, 2022

Monteith Construction Announces New CEO

Staff Reports - Jan 20, 2022

Officials: Ice Storm Delayed But Still On Way

Scott Nunn - Jan 21, 2022

Finalists Announced For Commercial Real Estate Awards

Staff Reports - Jan 21, 2022

Cugino Forno To Open In Soda Pop District

Scott Nunn - Jan 19, 2022

In The Current Issue

Meet The Region's On-call Utility Engineer

One man and one team are behind nearly every major public water and sewer infrastructure project in the Cape Fear region....


App Enhances Guest Interactions

After taking a personal trip that included a stay at a hotel, Jose Quiros was surprised to find that the hotel industry was still using trad...


Area Hauls In Moving Firm Rankings

Some moving companies measure where their customers are moving to and from in the U.S., and new Wilmington residents checked inbound boxes a...

Book On Business

The 2021 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100