If you are managing your own rental properties, eventually you are likely to have to hire anyone to have the furnace working, repair a leaky faucet, or perform any number of other maintenance or repair services. The task is, if you don’t have a lot of rentals and thus already have some repair services lined up, how do you find a reliable person to accomplish the work ?
Well, you can always peruse the yellow pages (or an on line equivalent) and make a bunch of phone calls. If you’re like me though, it’s always a gamble comparing the guy who doesn’t charge a diagnostic fee but charges by the hour, to the one who charges a diagnostic fee which includes the initial hour’s labor, to the one who charges a diagnostic fee and then uses flat rate netapp support post warranty not hourly pricing. Frankly, I’m left guessing – how do I know that the flat rate isn’t likely to be exorbitant, and a lot more than I’d pay an hourly guy. But, if I opt for the hourly guy , how do I know he isn’t a very slow laborer and isn’t likely to cost me more than the flat rate…and so on. Well, if you may get one , a good recommendation can offer you a far better starting place then blind surfing the yellow pages.
However, proceed with caution. Because your companion or your brother-in-law has a suggestion to offer, it doesn’t mean it is a good one. You must immediately discount any recommendations solely based on friendship or relation alone. Bobby might be a fantastic guy – but if he’s never done any work for your sister, even though he is her husband’s companion – then this isn’t a reliable recommendation.
The idea is – you need recommendations based on someone’s experience making use of their work. Good candidates are your investor friends who actively manage their particular rental properties, or any friends that are in property management. Either of these have regularly used maintenance and repair services and can tell you about the standard (fairness of pricing, etc.) of the specific work done. A great place to find these people, if that you do not know them already, is the local investor group.
Lastly, your pals and family may be good sources if they’ve had some work done on their house recently. However, active property managers are a better source because they’ve a larger basis to judge different company’s work from and they use their services much more frequently.