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Top 5 Services that Property Management Companies Offer

Dustin Edwards • June 27, 2024

First time landlords may attempt to manage their own properties to save money, and this is a good idea for those who are do-it-yourself inclined. Yet, others can become easily overwhelmed by the duties involved with managing their rental property. 


This article will share a list of five important responsibilities that any full service property management company should offer.


Tenant Screening

Screening prospective tenants cannot be understated as tenants are a direct link to your earnings. A bad tenant can potentially cost thousands, whether it be in damages or legal fees. By screening your tenants, you greatly reduce the risk of finding undesirable tenants and also greatly improve the possibility of finding a high quality tenant. A property management company should be able to screen potential or prospective tenants by performing background checks, verifying rental history, checking their credit score, and following up with their references.


A high-quality tenant can reduce the risk of unnecessary costs and improve your chances of having a satisfied tenant. Satisfied tenants tend to live in rental properties for the long term, renewing their lease often. Finding a good tenant is also one of the best ways to minimize vacancies and the loss of income.


Rent Collection

Tenants typically see property management companies strictly as rent collectors. This isn't the case, as there are many services that property management companies can provide to your tenants. Although collecting rent is one of them, instead of going door to door, collecting a check or cash, a property management company can help set up tenant portals. This is where tenants can reliably pay their rent consistently. 


Rent collecting software can be a great convenience for tenants and landlords alike. As  makes it easier to enforce payment policies, ensuring that the rent is paid on time, and provides you with a consistent income. This also provides investors with reliable records in case non-payment becomes an issue and an eviction process needs to be initiated.


Maintenance and Repairs 

Routine inspections allow for the identification and addressing of maintenance issues. Oftentimes, emergency maintenance can be incredibly stressful for landlords who are managing their own properties, as this means that you need to be available 24/7 for those extreme cases. Property management companies will oftentimes have a number of qualified vendors that can help coordinate with your tenants to provide repairs and renovations. 


Regular maintenance can extend the lifespan of your rental property's core systems such as HVAC, electrical, and plumbing, which can ultimately save you money and increase earnings.


Marketing and Advertising

Extended vacancies can greatly affect the amount of your overall income. Not only do you lack the funds from the rent, but each time the unit becomes vacant, you must prepare it for future listing and tenants. By employing effective marketing strategies, a property management company can attract the correct prospective tenants. This means listing your property on the most frequented rental sites such as Zillow, apartments.com, or rent.com. By using high-quality photos and videos, you can attract more prospective tenants than by simply putting a sign in front of the rental.


Legal Compliance

Southern California has some of the strictest laws protecting tenants. Understanding local and state laws is incredibly important for anybody attempting to enter the real estate industry. The resources of a property management company who is familiar with your local laws can ensure compliance and reduce the risk of legal disputes.


This extends to lease management, such as drafting and enforcing lease agreements that comply with legal standards. In the case of legal disputes such as managing evictions, deposit dispositions, and other legal matters
a full service property management company can provide you with protection.


Property management companies should be viewed as investments rather than expenses. They provide landlords with crucial resources to give you peace of mind and frees up time which you can spend expanding your portfolio. If you need help managing your 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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