This is a great question! We have outlined the few reasons below:
- To pay bills if the unit is vacant or tenant has not paid their rent and the homeowner is not responding as they may be out of the country.
- Ensures prompt payment to vendors to keep favourable service and rates, overall reducing the cost associated with labour and maintenance.
- Avoids interest accumulation on vendor bills that the homeowner may have to incur if payments are delayed.
In any event, our team will always ask for permission if an expense will exceed $500.00, unless there is an emergency situation.