Blog Post

Do I Need a Property Management Company?

Dustin Edwards • December 21, 2022

How A Property Management Company Helps You

It's common for this question to come up, especially for new landlords. To save money, new property investors may manage their properties themselves. Occasionally this works out for them, but it depends on the individual and their goals.


Today we’ll go over why having a property management company can be an asset to your bottom line.


When should you Hire a Property Management Company?

Although it would be ideal to hire a property management company as soon as you’re ready to rent out a rental property, not everybody is in a position to be able to do so. If you cannot afford a quality property management company, you may need to economize before investing in one.


Many times if you only own a single-family home and live near your rental property, it’s not too difficult to make a trip and see what the tenant may need. However, if you have lots of properties or many units, more time will be required to manage them all.


How Much Do You Value Your Time?

It's common for landlords that enjoy being hands-on to manage their property. This will ensure everything is to their specifications and quality control. But time is a resource we often need more of in a day. Time is money, and the time you allot to managing your property is time you could otherwise spend growing your own business, expanding your real estate portfolio, or spending more time with friends and family.


Managing a rental property takes time, from deposing the collected rent to finding a tradesman to repair your rental after a tenant moves out. If you realize at some point, you need more time to manage your rental. You’ll likely not be able to maximize your profits. A property management company may feel like an investment of money, but more so, it's a way to allocate more time to your day.


How Many Resources Do You Have?

Owning an investment property will require more than collecting the tenant’s rent. There is always maintenance to perform, and even if you, yourself, are handy, there will come a time when you’ll need to be able to find high-quality tradesmen. A high-quality property management company will have plumbers, painters, electricians, and gardeners ready quickly. Finding reliable tradesmen to deal with maintenance and repairs is difficult.

Depending on the time of year, unless you’re first in line, there will likely be a delay before the tradesmen arrive.


With delays comes more time that a rental will remain vacant. A property management company can also help fill in vacancies after repairs and maintenance. High-quality property management companies can put your rental into the most popular rental site, and often they’ll have a list of screened tenants waiting for availability.


Many landlords hate to think about it, but it's invaluable to have someone who knows your county and state laws. California has some of the most strict landlord-tenant rules. A property management company will have the resources to handle evictions, collections, and security deposit disposition.


Deciding on whether or not you need to hire a property management company can feel overwhelming at first. But once you realize the freedom, it can provide you. You won't be disappointed. If you are interested in Beach City Management as your property management company or would like more details about our services, consider calling us at (562) 888-0247, or feel free to fill out our
free rental analysis to see what your rental could yield today.


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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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