Maintenance contractors are important members of every landlord’s team. It’s imperative to hire a professional for issues that could harm the integrity of the rental or the safety of its tenant occupants. It’s also important to verify the contractor is licensed, has liability insurance and provides worker’s compensation coverage for its employees. Why? Insurance covers workers that are injured on the job. You might be telling yourself as a landlord, “That’s not my problem, that’s the contractor’s problem.” Unfortunately, that’s not the case. If an uninsured contractor gets hurt on a landlord’s property, the landlord could be held responsible for all medical bills and other financial hardships realized by the injured contractor. Most state licensing agencies require proof of both insurances for licensed contractors in order to remain licensed. Using an unlicensed contractor won’t save a landlord money in the long term. Proper licensing is important for a landlord to avoid liability and litigation.
Today, one of our brokers snapped this photo of two contractors working on the exterior of a townhome across the street from one of our managed properties. We certainly hope this landlord and their property manager hired a licensed and insured contractor.