3 Property Management Mistakes to Avoid

By chrisrath • May 16th, 2011

It doesn’t matter if you’re into Delaware property management or if you work in some other area. Some parts of your job will always seem easier than others. One aspect in which many property managers struggle is in making sure repairs are done properly. Here are a few mistakes to avoid when trying to get the job done right.

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Don’t Do It Yourself

You’re a property manager, not a handy man. Don’t assume that you can make minor repairs on your own – especially if you’ve never done any type of maintenance work before in your life. At the end of the day, you are likely to end up spending more money than you save – especially if you mess up the roof or electrical system and have to pay someone else to come in and do the job a second time.

Hiring Cheap Labor

Let’s be logical and honest here. You always get what you pay for. If you don’t have the skill to get a job done, you can almost guarantee that the guy undercutting everyone else in town to get work is likely to have a few skill problems as well. Hiring the cheapest unskilled workers in your area, especially for major repairs, is almost guaranteed to backfire. You’ll also find that it takes an unskilled worker longer to get a job done than a trained professional. Therefore, even though their hourly rates are higher, you may still pay a trained professional less to get the job done in a reasonable amount of time (and his work is likely to last longer).

Settling on the First Bid

While we don’t advocate hiring the cheapest guy on the block, we do advocate getting a number of bids from a wide variety of contractors. No matter what type of work you need done, you’re going to find that labor costs vary greatly from company to company. Make sure the bids you receive include both the costs of materials and the cost of labor – broken down so you can see the differences. While you do usually get what you pay for, paying inflated labor costs is unnecessary. Use your best judgment and choose the most reasonable quote presented.

As a professional in the Delaware property management industry, you will find that building a solid relationship with the contractors you choose to work with is paramount Doing so will ensure your properly is always well maintained and will ensure your tenants are always happy as well!

About the author

chrisrath I enjoy helping people find that right home whenever faced with a relocation situation due to their job or even a major life event. Since I have access to a large inventory of homes for sale and also manage many properties in the northern Delaware region, it is easy for us to help anyone make a smooth transition into this area. I am a licensed Real Estate Agent and also manage my own company Rath Management where we locate, screen, secure, counsel, and communicate with the tenant and the investor throughout the entire leasing process to keep homes filled. Our company also manages maintenance issues, collects and forwards rent monies, and even helps with the dreaded eviction process in the event a tenant does not keep up with the terms. Chris Rath

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