Do I need a contractor?

[Colin G.]

Hello BP

My partner and I are new buy-and-hold investors in small multifamily properties in Atlanta. We recently purchased a 4-unit building with an adjacent 9-space parking lot in Midtown. We're self-managing the business from New York, NY - but pretty free to travel to Atlanta and actually make fairly regular trips there already.

After initially settling on a price with the seller, during our due diligence period, we negotiated further reductions to offset the cost of estimates for repair and maintenance punch list items that were discovered during the home inspection.

We're now ready to tackle those items and I'm looking for advice on an optimal approach. There are many reputable service providers available for the work we need done: plumbing, light electrical, landscaping and carpentry - but I'm always reading on BP and in real estate books about investors setting up their teams or networks to include contractors. Should I be vetting contractors for this work? Are these the sorts of jobs that would be put under a single umbrella of a general contractor? Do I just hire the standard local business service providers to complete this work?

What advice do you all have for me on the best investor's path to take here?

Regards,

Colin Gillens