Managing a multifamily construction or remodeling project can be a daunting task for property managers. You may be experiencing pressures from the building’s owner or residents, and you’re likely not an expert on construction processes. But there is a way to minimize the headaches and hassles: Build a good relationship with your contractor!
A great way for property managers to work well with contractors is to learn some construction business basics. Taking time to understand the key aspects of building projects goes a long way toward the success of a job. Here are four things contractors want every property manager to know.
1. Reach Out to Your Contractor in Advance
The construction industry is booming — spending is estimated to hit $1.35 trillion in 2019 — so contractors have no shortage of jobs to complete. That means if you have a specific deadline for a project, you’ll need to reach out well in advance to secure a contractor. While the amount of time required for a multifamily construction project varies, a good rule of thumb for most large projects is to reach out to a contractor four to six months in advance.
Suraj Shrestha is an associate at Harborside Partners. He has been taking the lead role on research projects; to develop and implement online marketing strategies for search engine optimization and social media marketing. He is one of the core parts for helping to grow business revenue and the company’s online presence.