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As part of their ongoing efforts to provide the best information on property management in San Antonio, Pyramis Company has published a new white paper entitled Tenants Performing Maintenance which sheds light on why it isn’t a good idea to let tenants perform maintenance for property owners. Interested individuals can view the full article at http://pyramiscompany.com/tenants-performing-maintenance/.
One of the most surprising pieces of information in the article is the fact that having a tenant perform repairs is technically the same as paying a non-licensed person to perform work. This could result in a very sticky legal situation if things go wrong. As long as things go smoothly having tenants perform maintenance sounds like a great idea, but if they hurt themselves while doing it, damage the property or simply do a low quality job there is little recourse that can be taken.
The article also discusses potential underlying motives that a tenant may have for wanting to perform property maintenance. These include the following scenarios:
– A prospective tenant wants to entice the owner to accept their application. – They are looking for a reduction in rent and have financial problems. – They wish to avoid having someone check the property because of their upkeep.
In discussing the article’s creation, Craig Acord, Broker, CPM® of Pyramis Company said,
“Perhaps these scenarios sound ridiculous and you are having a good chuckle, but as Property Managers, we know this can happen. We hear it from self-managed owners, from our Property Manager’s peers, read it in the papers, and know that trying to save a few dollars can ultimately cost the property owner more money, not to mention great stress. Therefore, we take the steps to “Protect Your Investment,” by providing reasonable repairs with competent vendors and avoiding unnecessary problems.”
Property owners can find the most up-to-date version of the article at http://pyramiscompany.com/tenants-performing-maintenance/. Customers who have specific questions about past, present, or future articles contact Pyramis Company via their website: http://pyramiscompany.com
Release ID: 86553