Why Orlando Property Managers Are Switching to Minority-Owned Vendors (And What It Means for You)

Supplier diversity is not just a corporate initiative anymore

Supplier diversity programs, policies that give purchasing preference to minority-owned, woman-owned, and small disadvantaged businesses, have been standard practice in Fortune 500 companies for decades.

In the last five years, they have expanded significantly into commercial real estate, multifamily housing, and property management.

Major REITs and institutional property management companies now have formal supplier diversity requirements. Smaller regional management companies are starting to adopt them as well, partly because their large-cap clients are asking for it in their audit reports.

What minority-owned business certification means

A certified minority business enterprise (MBE) is a company that is at least 51% owned and operated by one or more individuals from a recognized minority group.

Certification is issued by third-party organizations, the National Minority Supplier Development Council (NMSDC), state agencies like the Florida Office of Supplier Diversity, or local small business development programs.

Trash Time Valet Service is minority-owned and is currently pursuing formal MBE certification through the Florida Office of Supplier Diversity. Until certification is complete, we can provide a letter of attestation upon request for vendors who need documentation.

How this benefits property managers practically

If your management company or ownership group has supplier diversity goals, using a certified or verified minority-owned vendor for services like valet trash and junk removal directly contributes to those metrics.

This means:

•       Your annual supplier diversity report includes verifiable spend with MBE vendors

•       You demonstrate commitment to the program with documentation

•       In competitive RFP situations, your property can demonstrate diverse vendor relationships

None of this requires you to overpay or accept lower quality. Our pricing is competitive with national chains. The difference is that your spend supports a local, minority-owned small business, and satisfies a reporting requirement in the process.

What to ask us for if you need documentation

We can provide: a written attestation letter confirming minority ownership, our DUNS number (113647971) and UEI (TKJ2KNZGYDT7) for vendor registration systems, our certificate of insurance naming your property as additional insured, and W-9 on request.

Text or call 689-238-9656 to request documentation or discuss vendor registration.