Contractors Education Insurance 
Buildium
FEBRUARY 10, 2025
Vendor and Contractor Coordination Establish a network of reliable vendors and contractors. Keeping detailed records of the issue, actions taken, and communications can be vital for insurance claims and legal compliance. For instance, photographing water damage and logging repair efforts can support your insurance claims.
Muldoon Associates
DECEMBER 5, 2024
Building a robust network of contacts, including fellow investors, real estate agents, financial advisors, and contractors, can provide numerous advantages. Their network of contacts further facilitates connections with other professionals, such as lenders, inspectors, and contractors, enriching your investment ecosystem.
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Muldoon Associates
NOVEMBER 7, 2024
Ignoring Maintenance Issues There are so many mistakes that can be made with maintenance, from ignoring preventative services to hiring the wrong vendors and contractors. Inadequate Insurance Coverage Investors in real estate understand how important it is to protect their assets. That starts with good insurance.
Property Management Inc.
NOVEMBER 26, 2024
They created a task force “comprising attorneys, reserve specialists, engineers, insurance providers, managers, and bankers, to determine what issues are the most prevalent in failing physical components, and—especially—how associations can prepare themselves to address and resolve these issues when they inevitably arise.”
Second Nature
OCTOBER 1, 2024
PMCs are delivering resident benefits like credit reporting, renter’s insurance programs, pet guarantees, and more. One of the best ways to offer value without overextending your team is to outsource some of those PM services to PropTech products, contractors, or a fully managed solution. Maintenance and repair.
T&H Realty
DECEMBER 2, 2024
Insurance Issues: Non-compliance could affect property insurance claims or premiums. Hire Professionals for Repairs For installation or repairs, use licensed contractors familiar with local building codes. Legal Liability: Tenants injured due to inadequate or absent handrails may file lawsuits for negligence.
Real Property Management Choice
APRIL 25, 2024
You’ll also want to be selective when it comes to the vendors and contractors you put on your list of preferred service professionals. It’s also important that you educate and work with your tenants. Others types of maintenance and repairs will require licensed and insured vendors. You’re protected against liability and risk.
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