Blog Post

Best Tips To Reduce Tenant Vacancy

Dustin Edwards • Feb 29, 2024

When individuals become landlords, many choose to manage the rental properties personally. This is a great way to save some money, especially for those who are just getting started. A property management company is often seen as a cost, though it's an investment for those who can take advantage of all their services.


Today, we will review five signs indicating you need a property management company.


Disrepair

A telltale sign that you may need to hire a property management company is if your rental is in disrepair. Many landlords choose to do their repairs or hire acquaintances to deal with repairs they’re incapable of doing. However, when a rental has several maintenance problems, it can significantly affect your ability to keep a tenant long-term or to fill a vacancy.


This can significantly affect your bottom line in several ways, including the repair cost and the lack of income due to a vacancy. This can be a serious issue in California as a tenant may have the legal right to withhold rent. This is the worst-case scenario and should be avoided at all costs. 


Frequent Turnover and Vacancies

One of the worst challenges that affect your bottom line is vacancies. Even if your rental property is in pristine condition, with competitive rent, some landlords may need help finding a qualified tenant. 


A property management company can help you market your rental to a broader audience. They can also use their resources to find high-quality tenants through screening and vetting services. This can help you minimize the number of vacancies while filling the units with high-quality tenants.


High Number of Complaints

For most landlords, managing one or two units can be doable. However, when complaints pile up, it may be time to hire a property management company. While some complaints may be due to a lack of timely repairs, others can be more serious, such as pest infestations, mold growths, or lack of communication with the landlord.


A property management company generally will have more resources to manage complaints. This includes being available in the evenings, responding quickly, and providing a repair timeline.


Lack of time

It's common for investors to hire a property management company once their time is short. In many cases, owners would instead invest in a property management company to handle the day-to-day processes of their properties. Especially after expanding their portfolio, many landlords need more time to visit each property to address issues with their tenants or property.


A property management company allows investors the freedom of time. Some may want to spend their time with family and friends. While others may prefer to re-invest their time in finding new properties to expand their real estate portfolio.


Being Unfamiliar with Laws

As a landlord, you must be familiar with many responsibilities and laws. Understanding rental laws in California is incredibly important. There are many laws to protect tenants rather than property owners. A simple example is laws regarding door locks. Many landlords state in their lease that tenants cannot change their locks. In California, tenants can only change the locks if they provide a spare key to the landlord, regardless of what is stated on the lease. Knowing and understanding these changing laws can be difficult for one person. Laws change often and can be different based on location. 


When searching for a
property management company, it's a good idea to ensure they’re well-versed in the local laws of the city and county where your rental property resides.


Hiring a property management company may be the right choice for some investors. If you’ve noticed any of the above signs, we invite you to call us today at (562) 888-0247 or fill out our
Owner Application online.

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By Dustin Edwards 01 May, 2024
Everyone wants to feel safe in their homes. As an investment property owner, it's up to you to decide whether or not to include security measures in your property. Many of the costs associated with the security measures can be included in the rent, meaning not only can you keep your property safe, but you can earn more income in the long run. However, you would still want your tenants to have renters insurance to protect their assets. Today, we’ll discuss the top five security measures you can add to your property and why they're beneficial to you and your tenant. Security Cameras Cameras are probably one of the first security measures people think about when asked about security. Cameras provide more benefits than just surveillance. They provide an extra level of security for the safety of the tenants and their belongings. Additionally, security cameras can be useful when repairs are required. Cameras can aid in supervising repairs and maintenance to ensure you’re receiving the agreed-upon work. During vacancies when the property is empty, security cameras can help keep the property safe from potential intruders. Doorbell cameras are incredibly popular now. They provide the aforementioned safety of a camera that can be accessed remotely, as well as the ability to communicate with visitors. Although one must be careful never to say you're not home, just say you're unavailable to strangers. Security Lights Security lights with motion detectors are another effective tool when adding security measures to your property. These lights brightly if a potential intruder attempts to get near your home. They can provide enough illumination to see the intruder or, at the very least, scare them off. Nowadays, you can find a combination of security cameras and motion-activated security lights, such as the floodlight cam wired plus from Ring . Additionally, because these lights only turn on when motion is detected, they’re more cost-effective than traditional lights with a switch. Illuminate the Property Light generally deters intruders as it's more difficult to hide. Adding lighting to the landscaping can increase the security of the property while creating a relaxing atmosphere. Lights can also be used in other areas of the property to accent features such as trees, benches, or artwork. This can help your property stand out while giving your tenants an additional feeling of safety. Keyless Entry Keyless entry is seen as both a convenience feature and a security feature. They usually use an electronic passcode, biometric data, or grant access through a smartphone app. Physical keys can be lost, stolen, or duplicated. You reduce the risk of unauthorized entry by eliminating the need for a physical key to enter the property. Many keyless entry systems include several features, such as remote locking and monitoring. Although keyless entry is a great new technology for keeping your tenants and properties safe, they’re best used with other security systems. Security Company Nothing beats having an extra pair of eyes on your property for security. This is where security companies like ADT and SimpliSafe come in. While companies may deal with security in varying ways, they aim to protect your investment. While safety is the primary role of a security company, remember that many tenants may be willing to pay more for a premium amenity like a home security company. Keeping your property and tenants safe is incredibly important to the longevity of an investment property. If you’re looking to improve the security of your Long Beach rental property or need help managing your beach city rental property, we invite you to call us today at (562) 888-0247 or fill out our Owner Application online .
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