When it comes to maintaining and improving multifamily apartment communities, the choice of contractors plays a critical role in the property’s quality, safety, and value. Hiring unlicensed and uninsured contractors might seem like a cost-effective solution, especially in a competitive market where budget constraints are often a concern. However, the decision to use such contractors can have far-reaching consequences, both legally and financially. This piece explores the risks, potential legal issues, and long-term financial implications of using unlicensed and uninsured contractors in a multifamily apartment community.