Why CoastManagement.net Does Not
Provide Property Maintenance Services Directly
CoastManagement.net does not provide property maintenance services directly (including landscape maintenance) because we believe that providing these services directly creates a conflict of interest with management clients which cannot be addressed satisfactorily.
Management companies have the responsibility (a fiduciary duty) for making certain that their clients receive the greatest value possible for every dollar spent on property maintenance services. This means the management company must make certain that their clients do not pay an excessive billing rate, do not pay for an excessive number of hours billed, do not pay for inferior work, do not pay for unnecessary work, and that maintenance is scheduled so as to minimize the number of service calls in order to minimize your overall cost.
Companies that provide property maintenance services directly are in business to maximize their profit. This legitimate goal is in direct conflict with the property owner’s goal of minimizing maintenance costs. We believe a management company cannot reconcile this conflict of interest if it provides maintenance services to its client. For example, it is possible that the need to meet payroll costs could influence the management company’s judgment as to how much maintenance is “necessary” at your building.
A management company that hires only independent, third party property maintenance companies, such as CoastManagement.net has the incentive and ability to fully protect property owners without regard to the profitability of the maintenance operation. A management company that directly provides maintenance services may not have the same incentive or ability.
By law, a management company, as agent for the owner, has the duty to put your interest above its own. CoastManagement.net is in a position to do exactly that. We take our responsibility seriously. Visit: Contractors and Vendors Wanted and Construction Managers Wanted.
Our company owns a 50% interest in CoastSecurityServices.com, a California Corporation. The company installs and monitors burglar and fire alarm systems in private homes, businesses and other locations. It also installs video surveillance cameras to enhance security on private property. CoastSecurityServices.com does not provide property maintenance services, and repairs only security related equipment.