When you’re choosing vendors for your rental property in Melbourne, it’s extremely important that you work with professionals who are licensed and insured. Many times, we will have property owners say that they have a friend or they have an acquaintance who can go over to the property and do the work for a lot less than the vendors we usually schedule to make repairs. It’s true that you might pay a little more for a licensed and insured vendor, but it’s well worth it to you for a number of reasons
Avoiding Liability
One of the reasons you hire a Melbourne property manager is so that you and your property are protected. When people are on your property to perform repairs, you face a huge liability. An advantage to using a licensed and insured vendor is that when the vendor comes over with workers and they are on your property, everyone there is covered by the vendor’s insurance. If someone gets injured on your property, that can be a lot of legal exposure for you. You don’t want to put yourself at risk for losing your investment property because of one lawsuit that involves an unlicensed vendor and uninsured workers.
Protecting Your Investment
So, you might have to pay a little more for a licensed and insured vendor or contractor, but it’s money you’re spending to protect your investment property. With professional vendors, you can also be sure that you’re getting high quality work, and the vendor will stand behind that work. This protects the condition of your property.
When your Melbourne property management company wants to send licensed and insured vendors to complete repairs or maintenance on your property, it’s because they are looking out for you. If you have any questions about this, please don’t hesitate to contact RE/MAX ELITE’s Property Management Division today!
