A discussion of how GTL selects its repair vendors, and how a property owner can get one of their own preferred vendors approved.
GTL does not have an in-house maintenance company or a "sister company" that is owned by us as many property management companies do. We feel that that can be a conflict of interest in not getting owners the best price on repairs, and we also think it's not fair to the owner or tenant, as that isn't our core competency. A general contractor with decades of experience is far better equipped to provide you with the best repair service. Real estate brokers who try to "do it all" are venturing outside of their expertise, and we don't want to do that.
Instead, we require outside vendors to bid on our business. Because we manage so many houses, we're able to get volume discounts for our clients, even from the best vendors in the area. Here are the things we look for in a vendor:
- Appropriate licensing for the kind of work being done
- General liability and workers' compensation insurance - this protects both you and us
- Quality work
- Competitive prices
- Prompt service