Blog Post

3 Signs You Need a Property Management Company

Dustin Edwards • October 17, 2024

For new landlords or experienced real estate investors, a property management company can provide a number of benefits to allow you to have peace of mind. They also give you the opportunity to invest your time in expanding your portfolio or enjoying your free time with friends and family.

Below we’ll go over three different signs that you may need a property manager.



You’re Being Overwhelmed

Suppose you are showing signs of struggling to keep up with maintenance and tenant issues. This can be the result of underestimating the time required to manage a rental or perhaps your portfolio has grown to the point of spreading yourself thin. Property maintenance, tenant complaints, and urgent repairs may require more resources than some landlords can provide themselves. Over time, this issue can lead to tenant dissatisfaction, vacancies, or in extreme cases legal issues if repairs are ignored or laws aren’t known.


Oftentimes, maintenance and tenant issues require constant availability. Especially if an emergency is presented. A
full-service property management company should be capable of handling calls after hours and coordinating emergency repairs swiftly in order to keep tenants satisfied.


Property managers can also schedule maintenance, streamlining the general maintenance  to prevent long-term damage to the property. This can be often overlooked when landlords are short on resources managing multiple properties on their own.


High Tenant Turnover and Vacancies

Having a high tenant turnover rate can significantly reduce a landlord’s rental income. This is due to the fact that while the rental is vacant landlords need to maintain the property in a presentable state. Additionally there are high costs associated with cleaning, repairs, and marketing to quickly fill vacancies.


Property management companies not only have the expertise to reduce turnover rates, but they also have the resources to provide tenant screening and maintain positive tenant relationships. This means that a
property manager can reduce the amount of time a rental is vacant, while filling it with a highly qualified tenant. 


Property management companies can optimize the leasing process by handling in person showings, lease agreements, and the tenant vetting process. This helps to ensure a qualified tenant will be moving in. This can help to stabilize losses incurred from frequent vacancies and improve your rental income.


Legal Compliance

Landlords need to stay well informed about all the necessary local, state, and federal regulations that impact rental properties. For example, safety regulations, and tenant rights. California has some of the most strict laws that protect tenants, and it's important to know when these laws change. Property managers specialize in these types of laws and aim to ensure that your property complies with all legal requirements.


Additionally a property management company can provide risk mitigation. If you fail to comply with rental laws it can result in fines, and lawsuits. Property managers can help to mitigate risks by managing leases, handling evictions, and deposit dispositions.


As previously stated, laws dealing with landlords and tenants change frequently and keeping up with these changes may be difficult for some landlords. A full-service property management company should stay up to date on these changes as well as being able to manage any legal documentation. This can protect landlords from potential liabilities and losses.


A property management company shouldn't be seen as an expense, instead it should be seen as an investment. One who’s resources can be used to protect you and your property. If you're interested in hiring a property management company or if you need help managing Beach City rental property, we invite you to call us today at (562) 888-0247 or complete our
Owner Application online.


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By Dustin Edwards December 19, 2024
If you're properties are suffering from lack of heating this winter, these 3 common issues could be the cause.
By Dustin Edwards December 12, 2024
Although Southern California’s winters are typically mild when compared to other parts of the country, tenants still value a warm home during the cooler months. Taking steps to maintain a comfortable living environment shows your tenants that their needs are being prioritized. This is crucial for tenant satisfaction, especially during the holidays. Below are three methods to help keep tenants warm during the winter season. Maintain Heating System It's required for landlords to provide rentals with a working heating system, however, it's not uncommon for these to fall into disrepair either because of lack of maintenance or negligence. Scheduling regular inspections and maintenance before the coldest weather can help to ensure the heating is reliable and efficient. Cleaning air filters, and checking for cold spots, or irregular noises can help prevent small issues from escalating into expensive repairs. Preventative maintenance can help to reduce the chances of inconvenient calls for emergency repairs. Being proactive with your maintenance can also help you protect your investment while earning goodwill from your tenant. Another factor that can affect your heating system is drafts around windows and doors. These drafts can cause your heating system to overwork which makes the system less efficient, and reliable and ultimately reduces the lifespan of your heating system. You can address this by inspecting the seals around doors and windows for gaps or cold spots. Replace worn-out seals and caulking where it's needed. Offer Smart Thermostats Consider providing your tenants with a smart thermostat for energy-efficient heating. This can not only give tenants control over their comfort, but it's also a great tool to reduce energy usage. By providing this upgrade to your tenant, you show a commitment to your tenant’s satisfaction which can in turn result in a long-term tenant. These kinds of devices definitely benefit your tenants, though they can also contribute to the longevity of your rental property as well. Additionally, you can give your tenant a smart thermostat as a holiday gift . This can show your tenant that you’re not simply collecting rent while protecting your investment. Reverse Ceiling Fans The direction in which a ceiling fan rotates is oftentimes overlooked, and it can have a great effect on the temperature of a home. A ceiling fan is typically seen as a way to cool down a home during the hotter seasons without using the air conditioning . Reversing the spin of a ceiling fan can help to circulate warm air more efficiently during the cold season . This is because warm air rises, and a fan rotating clockwise will push the warm air back down helping maintain warm temperatures. Most fans have a switch on the motor and it is easily accessible for most people with a step ladder. This easy adjustment helps reduce the need for your tenant to use the heating system. Tenants will notice a more consistent and comfortable temperature indoors. This should also help reduce costs on their energy bill. Reversing the rotation of the ceiling fans also takes some of the strain off of the heating system. This helps to ensure it operates efficiently for years by reducing the wear and tear on it. Taking proactive steps this winter season to ensure your tenant’s comfort demonstrates a landlord’s commitment to their tenant’s comfort. A comfortable tenant is a satisfied tenant , which can lead to a long-term tenant and steady rental income. Consider it a small investment for long-term success. If you need help keeping your rental warm or managing Beach City rental property, we invite you to call us today at (562) 888-0247 or complete our Owner Application online .
By Dustin Edwards December 5, 2024
Discover 3 Gift Ideas for your tenants this holiday season.
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