There are many viable options for property management companies. Some may be able to manage your investment properties remotely. However, there is an inherent benefit to hiring a property management company local to where your investment property is located.
Today we'll talk about why you want a local company and the benefits of having a company based out of Long Beach, CA, versus a company that isn’t regional.
The most notable answer is the ability to respond quickly to any tenant request. If the company managing your Long Beach investment property is from the area, something as simple as a tenant locks themselves out or losing their keys can be resolved in minutes. In comparison, this ordeal can take hours depending on traffic for companies in Los Angeles, for example.
It's well understood that keeping long-term tenants is one of the best ways to maximize income. A simple way to keep tenants happy is to respond quickly to their needs and requests. This makes tenants feel that they are important and respected.
Southern California has some of the most strict laws that protect tenants, and it is required for any property management company to be aware of those laws to protect you. Having a local company to address your rentals helps focus on laws that affect Long Beach specifically.
A regional property management company is more likely to have first-hand experience and knowledge about local laws, including how and when you’re allowed to
raise the rent, how to proceed
if a tenant stops paying their rent, and other time-consuming legal issues that may arise.
Companies that do not work within the area of the rental may not understand the needs of the tenants in those locations. For example, although the weather is comparable amongst the counties in southern California, Long Beach, on average, has hotter summers than Santa Monica. Knowing the needs of your tenants is necessary to keep them long-term.
It is also helpful to know the area when trying to show vacant units to potential tenants, as a local company is more likely to be able to answer questions regarding the location, such as schools, parks, and shopping centers. Although this information can be looked up online by anyone, being able to answer these questions outright projects a sense of being part of the community.
A local property management company can have a local team of maintenance professionals. This allows them to be aware of the nuances of buildings in the area. Every county has its own building code. Even if a maintenance worker has excellent references from out of town, they may need to be fully aware of the distinctions between a beach city and Los Angeles.
Maintaining the curb appeal of your property is important when trying to fill vacancies. Local tradesmen may already understand what your property requires to maintain its look and care for its native plants.
Finding an excellent full-service
property management company
close to your investment property doesn’t have to be daunting. In fact, they should provide you with freedom and peace of mind. If you are looking for a property management company local to Long Beach, 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.
