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What Does it Mean to be the "Best" Property Management Company?

Dustin Edwards • March 9, 2023

Property Management Companies Can Vary In Quality

Managing multiple investment properties can become burdensome, especially when you own various locations subject to different rules and laws. Hiring a property management company can provide the necessary resources to take care of your property’s upkeep, and tenant occupancy allows your property to remain profitable. 


Ideally, you’ll want to hire the “Best” property management company, though this can be subjective. Below are a few items to consider when looking for the “best” property management company.


Personalized Service

One of the best examples of a good property management company is how personalized its services are. Many companies will sell you service packages that only fulfill the minimum amount of work as described in their agreement. In contrast, the best property management companies will tailor their services to your needs. They should understand your availability and communicate accordingly. The communication style can be tailored to your needs through calls, texts, or emails. They should make you feel as though you are a priority client. Even if you’re new to real estate or are expanding your portfolio, you should feel important.


Occupancy

You should ask property management companies about essential items about occupancy. Questions like how long are your properties vacant or what is the average tenure of their tenants provide important information about the property management company. Vacancies can be a severe problem for owners, directly affecting their bottom line. 


Great property management companies should be able to inspect, repair and fill vacancies efficiently and quickly. You should ask about the method they use to market the vacancy and their vetting process for new tenant applicants.


Value of the Rentals

Good property management companies should be able to disclose the average rent increase they get for the owners. Raising rent is one of the key ways to steadily increase your bottom line. You should ask about their average rent value and how they analyze yearly prices to ensure optimized income. This can be a difficult question for some companies to answer as they would require the resources to be able to know all the county and state laws involved with increasing rental prices. It’s well understood that California has some of the strictest laws when it comes to housing, many of which are designed to protect the tenants. A great way to see how the property management company approaches rent increases is by asking them to provide samples of their lease agreements.


Reputation

A company’s reputation can help you understand what you’re capable of. The internet is crucial when searching for the best property manager. Check reviews from other owners and tenants with which the property management company works. The last thing you want is to be sold to a company for the tenants to feel like all they do is collect rent and not fix anything.


Reviews can also highlight whether or not the company goes above and beyond for its clients. Do they have exemplary service while being cooperative? Do they ensure items get taken care of regularly without the need for your involvement? 


The best property management company should feel like an investment on its own, giving you the freedom of time without worrying about whether or not your property is being taken care of properly. It's meant to let you enjoy your free time or invest your time in other projects, such as improving your portfolio.


Finding the best property management company to suit your needs can be difficult but not impossible. If you feel like Beach Cities Management is the right property management company for you, 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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