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Why Most People Don’t Switch Property Management Companies

Dustin Edwards • March 22, 2022

Switching Property Management Can Be A Difficult Decision

 Why Most People Don’t Switch Property Management Companies


It is difficult to understand when you should switch
property management companies. Many times landlords feel as though the property management company has to have done something wrong in order to make the switch; this is certainly not true. There are a wide range of reasons to switch property management companies. We invite you to discover a few items of why people switch property management companies in this article.


How do I Compare Property Management Services?

Comparing property management companies periodically (at a minimum annually), is a prudent and effective method to understand if your property management is keeping up with the industry. You’ll find the top 3 categories to evaluate your property management company listed below. 


  1. Communication
    - Good communication is essential when running any business, and managing your Long Beach rental property is no different. Conflict is often the result of a misunderstanding, due to a lack of communication. A property manager’s job is to make sure everything runs as smoothly as possible while communicating effectively to minimize any misunderstandings. This means everything from how a property management company communicates with an owner to the tenant calls that they manage for your property.
  2. Knowledge - A property management company should be able to provide reports on your rental property. A financial report that records rent revenue and maintenance costs. And a physical report to provide the landlord with information on necessary repairs, general maintenance schedule. The provided information will aid in evaluating the property’s results. 
  3. A property management company should be able to keep up to date with the changing laws in order to avoid any unexpected expenses since laws in Long Beach and California change often
  4. Tenant Satisfaction - A competent property management company should understand that keeping tenants satisfied is as important as maintaining the rental property. Though tenant dissatisfaction can’t always be foreseen. In order to reduce tenant turnover it’s essential for a property management company to be able to keep up with market trends, maintenance and provide customer service to tenants.


How Do I Part Ways with My Current Property Management Company? 

First, check the  cancellation policy section of your contract with your current property management company. The policy may ask for a waiting period once you inform them of termination, usually 1 or 2 months. This section might also include an outline of any fees that are associated with canceling their services. 


If you are under a yearly contract with your current property management company, you may have to prepare for possible costs. Not only the canceling fees but you may be required to provide payment for any work orders or bills that have not yet been accounted for. These tend to come up after the contract is terminated.


Since your
property management company may be taking care of communication with your tenants, be sure to inform your tenants that there will be a change in management or ask if your new property management company has a transition letter you can use. Tenants should be informed in writing if you intend to take over yourself or have another property management company take over. The information in the letter should include who will replace the previous company, who to pay their following rent payments to and when the management transfer will happen. To ease any insecurities with the tenants, inform them that their security deposit has also been transferred.


What to Expect from the New Management Company

You should expect them to manage day-to-day affairs. They should be able to run your Long Beach rental properties day-to-day matters including handling tenant requests, complaints or emergencies and documenting them. They should keep a database of well qualified prospective tenants for any future vacancies that may arise. Professional rental analysis of your area and your competition. 


At Beach Cities Property Management, our mission statement is to manage residential income properties with a completeness and totality that relieves our clients from any and all concerns with day-to-day management and accounting.


If you are looking to change your Long Beach property management company and have questions about our monthly property management services feel free to call 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 November 18, 2024
Be aware of these 3 common issues when the rainy season arrives at your rental property.
Cold weather can come fast and strong so it's best to ensure your property is ready for this climate
By Dustin Edwards November 12, 2024
It's important to prepare your rental properties for the colder weather. Although we don’t need to prepare for snow and freezing temperatures, we do need to prepare for the cold and rain. By ensuring your rental is cozy inside and prepared for the fall season , you can not only reduce energy costs for your tenant but also maintain your rental property value. Today, we’ll go over three signs your property is ready for this upcoming cold weather.  Sign #1 Proper Weatherproofing During the colder seasons, it's much easier for a tenant to notice any cold spots in your rental. Well-insulated doors and windows can not only help maintain the warm temperature but also prevent it from lowering. It can also prevent cold spots and drafts, which can help with tenant satisfaction . Doors and windows should be properly sealed and insulated to prevent drafts and maintain proper temperatures. A visual inspection of the weatherstripping around doors and windows to ensure they’re intact is a great place to start. If damaged, consider replacing them, as trying to seal gaps can be tricky and rarely lasts. Other seals should also be checked, as well as any areas that need to be caulked in order to keep cold air out. Insulation during the summer helps keep the cool air in, and during the winter, insulation in the halls and attics helps retain desired heat. Hot air rises, and if there isn't adequate insulation in the ceiling, heat will continually be lost. Luckily, adding insulation to an attic is not uncommon and typically only requires a day or two for installation. Sign #2 Energy Efficiency Measures During the winter, it's not just the cold you need to keep in mind. As days are much shorter, there is less sunlight to keep the rental warm and more hours of darkness. For this reason, it's a good idea to keep energy efficiency in mind when preparing for the cold weather. Energy-efficient lighting or smart lighting helps reduce overall costs since your tenant will likely use electricity to keep warm. Ensure your outdoor lighting is rated for external use, as this can provide crucial illumination during longer nights. Draft guards on doors and windows help reduce the load on your rental’s HVAC system which can significantly improve its lifespan. This is also a great time to replace filters and clean the ductwork in your rental to improve energy efficiency. Additionally, consider installing an insulative film on older windows, which helps retain heat and keep rooms warmer without the need for extra heating. If your rental has a programmable thermostat, ensure it’s in working order, as this can help tenants manage an energy-efficient heating schedule more easily. Sign #3 Property Exterior Southern California is a great place to settle down, and while we don't need to worry about snowfall or deep freezes, ensuring the exterior of your rental property is ready for the cold weather is important. With our cold season mainly bringing with it rain, inspect your rental property’s rain gutter system . Remove debris from drains and check for leaks or signs of wear and tear. Walkways should be clear of debris and well-lit. This may require you to prune and trim trees and bushes that may leave behind leaves. When combined with rainfall, a single wet leaf can cause someone to slip and hurt themselves. Consider adding non-slip mats or tape to areas where people may have tripped in the past. Much like during the hotter weather, it's important for your rental to be ready for fall and winter. By keeping your property ready for any weather Southern California has to offer, you ensure your rental property and tenants will provide steady rental income every month. If you need help preparing your rental for the cold weather or if you need help 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 November 4, 2024
Owning a rental property in a beach city like Long Beach, CA , offers a number of advantages, like great weather and a strong real estate market. However, the cold ocean breezes can pose some challenges for landlords and tenants, making it convenient for property managers . Although the weather is generally great, these ocean breezes can sometimes make properties drafty and uncomfortable during the fall and winter seasons. Today we’ll go over four measures that can improve tenant comfort and protect your investment from the cold ocean breezes. Weatherproofing Againsts Drafts Drafts are caused by gaps between doors and windows which can make a rental feel colder than it is. This leads to unnecessary energy use and tenant discomfort. Sealing these gaps is not difficult and quite doable for a landlord who doesn’t mind getting their hands dirty. Replacing worn weatherstripping and adding fresh caulking to seal minor gaps blocks air from permeating the property. For additional protection from drafts, you can provide your tenant with inexpensive door sweeps. Improve Heating Efficiency Having efficient heating is crucial to countering the cooler ocean breezes while keeping costs low. Schedule regular maintenance for your HVAC system , such as replacing filters, cleaning vents, and cleaning the compressor to keep it running smoothly. This not only provides more efficient heating, it also extends the life of your HVAC system. Installing a smart thermostat is another way for tenants to adjust heating schedules efficiently. Protect Outdoor Spaces Outdoor areas such as patios, balconies, and even porches can oftentimes be exposed to the coastal breezes. This can be an issue in the long run, especially for rentals next to the beach , as the wind can carry sand and salt, which can accelerate the deterioration of metals, wood, and paint. This can be mitigated by adding windbreaks to the property, such as lattice panels or outdoor curtains, to create a more comfortable and functional outdoor space. Exterior finishes will require more frequent maintenance. This includes resealing wood and metal surfaces. As well as repainting is important to protect against wear from salt, sand, and moisture. Wind Mitigating Landscaping Much like with the curtains and lattice previously talked about, the landscaping can also be used as a windbreak. For example, planting wind-resistant shrubs or trees alongside exposed areas creates a natural barrier. This helps reduce the impact of the gusts of wind hitting the property. Many native plants thrive in coastal climates while also requiring minimal maintenance. While expensive, the results can greatly improve your rental’s longevity and curb appeal. Alternatively, you can strategically place planters to provide protection. Durable Furniture Furniture and fixtures exposed to the cold coastal breezes need to be able to withstand that wear and tear. Choose resilient materials such as treated wood, powder-coated metals, and outdoor-rated plastics. These are less prone to being damaged by the salt or wind. Furniture that is lightweight should be secured or anchored in place to prevent it from being blown away. By investing in durable furnishing, you can provide tenants with a comfortable and functional outdoor space for years to come. Protecting your beach city property from the cold ocean breeze doesn't necessarily require extensive renovations or investments. Try to focus on any relevant feedback from your tenant, this can help you pinpoint what part of your rental needs attention. If you need additional help protecting your rental property from the cold ocean breezes or if you need help managing 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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