Ace the Certified Apartment Manager (CAM) Challenge 2025 – Unlock Your Property Potential!

When hiring contractors, a significant disadvantage often highlighted is the potential for higher long-term costs. While using contractors can provide immediate assistance and specialized skills for specific projects, these arrangements can become financially burdensome over time. For instance, if a property management company repeatedly hires contractors for ongoing maintenance instead of investing in permanent staff, the cumulative costs can exceed what it would have spent on full-time employees who would typically come with benefits and a stable salary.

Moreover, contractors may charge premium rates for urgent work or specialized tasks, and their fees can escalate with increased demand for their services. Additionally, there might be hidden costs, like project management or multiple bids for ongoing work, that add to the overall expense. Therefore, while contractors can be advantageous for short-term projects or specialized needs, relying on them long-term can impact a property's budget and financial planning negatively.