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Hiring Contractors for Your Rental Property

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Whether you’re a property owner in Singapore or a newly hired property manager, when it comes to handling a rental property, keeping every unit in tiptop condition is a number one necessity. Therefore, it really pays off to hire a professional contractor.

Before you start scanning the yellow pages and asking family, friends, and neighbors around, find out first how you should hire a qualified contractor to take care of your investment property.

Professionals Are a Must

Professionals provide quality work, and it is the most important matter in making sure that your rental units are in their best condition. Professional contractors vary mainly in knowledge and skills, and a little research beforehand can ensure that you hire the best worker.

When hiring contractors for property management, you need to consider the quality of work and the completion time. Though the cost must be considered as well, it shouldn’t be the only deciding factor. Look for someone who is an expert in a specific task, and not someone who claims that he knows how to do various things. For instance, if you need someone to fix your electric lines, hire an electrician. If you need someone to fix the pipes and faucets, hire a plumber. Never be fooled by a contractor who claims that he “specializes” in 10 different jobs.

Require Certifications and Licenses

Singapore has a public database for licensed and certified workers related to property management and construction industry. Hiring someone with valid license and/or certification will ensure great work and protect you from great loss if in case the hired worker damages your property or himself. Countries have created regulations to protect property owners from scammers that agree to contracts that will never be fulfilled. When you need properties manager from Singapore and choose to hire professional contractors, estimations are often free of charge, and all works are invoiced and well-detailed after problem inspection is completed.

Payment System for Contractors

An initial payment of 20 to 30 percent is typically required by contractors to get the work started. This enables your workers to purchase all necessary materials and start the work. If your managing agent employs separate workers, the salary of those employees are already included in the down payment. Your managing agent should not require you to pay an additional amount because additional workers are required when the job starts. Always be mindful with the expenses and never fail to check it every after major purchase. Your remaining balance should only be settled after the work is done, and the contractor should be able to provide you with a warranty in case of component failure or workmanship error.

Hiring a reliable contractor for a rental property can be difficult, especially when you’re not informed with the right things to do. Following the tips above will help you avoid scammers and ensure that your property is maintained professionally. Lastly, if working with a management company, you can ask these experts for recommendations for hiring quality contractors.

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