7 Proven Ways to Hire Contractor for Remarkable Property Management

Written by Posted On Sunday, 15 March 2015 02:31

Effective management can rapidly boost the value of any property, no matter of its location. However, for many of the tasks related with it, there will be need for professional contractor services and this is where the confusion starts.

Most of the time, property owners simply don’t know how to approach such professionals and this opens room for miscommunication, which often results in poor results for incredibly large price. Its not that hard to have everything done the right way and here are my 7 proven tips to follow:

Tip #1 – Search Local

No matter whether you need small remodeling task or you plan to renovate your entire property, always search for local contractors. Furthermore, in many states the contractor license requirements vary. In addition it’s much easier to verify references of local contractors and also they will be around in case there are issues later on.

Tip #2 – Seek Recommendations by the Insurer

Insurance companies maintain work agreements with multiple, reputable local contractors and you can easily find professionals for any work. It’s also worth mentioning that you will be able to take advantage of the review process performed by the insurer and even negotiate a discount based on the relationship between the two parties.

Tip #3 – Check and Verify References

Reputable contractors are fully aware that great examples of past work and high levels of customer satisfaction are the best ways to generate new business. This is why they will be more than happy to provide you with list of references, which you must definitely contact.

The internet also offers really easy ways to check the reputation of local contractors. Popular portals such as Tenlist.com and Angie’s List allow you to gain access to large databases of customer reviews and references.

Tip #4 – Check License and Insurance

Contractors are required to have certificates of insurance and valid license for the particular state. Both ensure that the contractor is covered in case of accidents and also he is legally in business, so you need to check their validity.

Tip #5 – Request and Compare Quotes

When you contact several contractors and explain them in details the work you need to get done, they will send you quotes with prices for the different materials and services needed. The best way to proceed is to get as many quotes as possible and compare them to one another.

Besides prices and description of the work that needs to be done, quotes from contractors must also outline specific guarantees for the work and also on the materials being used.

Tip #6 – Don’t Pay for Work Up Front

Contractors will almost always require certain percentage up front to secure materials and equipment needed for the job. However, be extremely wary if they ask you to pay more than 15% up front, especially if this includes only the labor.

Tip #7 – Ask for Receipts


The best way to keep track of all expenses related with material and equipment is to ask the contractors to provide you copies of their receipts. This is essential in cases when the remodeling or renovation is paid for by an insurance company.

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