Being a real estate investor can be quite competitive. While many do-it-yourself (DIY) landlords prefer to manage their properties themselves, this isn’t true for everyone. Managing a property comes with more responsibilities than collecting rent at the beginning of the month, which can be time-consuming.
For this reason, many investors choose to work with a property management company. Full-service property management companies are more than just a hand to help with your property. They can provide you with peace of mind, additional resources, and the freedom of time, which you can use to spend with friends and family or re-invest in expanding your portfolio.
In today’s article, we’ll discuss what a full-service property management company offers in the 90808 zip code.
You’ll naturally be interested in the services provided when searching for a full-service property management company. While some services should be expected, such as collecting rent monthly, you may not be aware of other services. These can include support for both landlords and tenants through email, phone calls, text messages, and a website portal. You should also receive monthly and year-end statements forwarded to you and other owners.
For maintenance, a full-service property management company should be able to receive, issue, and coordinate repair requests sent by tenants. To better understand security deposit dispositions, it should also complete move-in, pre-move-out, and move-out inspections.
While it's preferable not to have to deal with evictions and other time-consuming legal issues, a full-service property management company in 90808 could handle collections, eviction coordination, and follow-through. Many landlords can be caught off guard when dealing with evictions, especially the first time they encounter this situation. Full-service property management companies will often have more resources to deal with these circumstances. Finally, they can maintain a rental trust account, and tenants' rent and security deposits are safe and independent of typical business activity.
The services above are usually part of the fees included in their responsibilities. However, other benefits aren’t included in their fees. This includes many services, including an inspection and suggestions for your property’s marketability—professional quality digital photos for your listing. A “For Rent” sign is placed visibly at your rental property for local traffic. A lock box installation is needed for property security. Professional rental analysis of your area and competition to reduce vacancy periods. Unlimited advertising for increased visibility. Applicant screenings, phone calls, e-mails, and property viewings to ensure a high-quality tenant. They also deal with contract preparation, lease execution, and renewals. As well as weekly landlord updates.
While many investors can use many services provided by a full-service property management company, only some property management companies will be suitable for some investors. It's good practice to assess your needs, visit their website, and contact the property management companies to see what they specialize in. For example, a company can seem perfect, except they specialize in luxury rentals when you need a company specializing in small-scale complexes or duplexes.
A full-service property management company should not be seen as an expense. Instead, it should be viewed as an investment. After all, as the saying goes, “time is money,” and time is what a property management company truly provides. Suppose you have additional questions about what services property management companies in the 90808 zip code offer or are looking for assistance managing your Beach City rental property. In that case, we invite you to call us today at (562) 888-0247 or fill out our
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