Why Are Vendors Becoming Scarce?
If you have recently tried hiring property maintenance vendors for plumbing, HVAC, electrical, decorating, and carpentry services, chances are it was challenging. Because property maintenance requires knowledge, experience, and skills, finding high-quality vendors is like searching for a needle in a haystack. Keep reading to learn why property management vendors are becoming scarce and what can be done to reverse or mitigate this.
Shortage of Vendors
Based on the data collected from two Agni surveys and one ACS (American Community Survey), 77% of people reported a labor shortage in the skilled trades sector. The report also showed a massive 53%, 29%, and 22% hirer income of general contractors, electricians, and plumbers compared to the general population. The two major reasons were job satisfaction and entrepreneurship opportunities, as people are now eager to build a business rather than work as contractors or fix repairs.