Get Your Home, Apartments, or Investment Property Rented Fast!
Managing a property on your own can be stressful, time-consuming and costly. Every day that your investment sits empty costs you money. Finding the right tenants can seem like finding a needle in a haystack. Setting the asking price requires experience, knowledge of the area, and knowledge of current market values.
A professional property management company can not only increase your profitability, but relieve your stress as well. Under the right management, property owners should expect:
- Maximum rent the market will allow
- Vacancies filled quickly and efficiently
- Responsible, high quality, long-term tenants
- Fast, 24/7 response to any tenant issues or maintenance problems
Thinking of Hiring New Property Managers?
A great property management company specializes in just one thing – property management. It’s important that you feel confident that the company you hire is focused on maximizing your investment potential every day of the week. Companies that specialize in property management simply have more time and resources to devote to making you money and sparing you from headaches.
We understand what sets a great property management company apart from the rest:
- Specialized in property management
- Owned and run by licensed real estate brokers
- Excellent customer service
- No inspection fees, maintenance fees, or hidden fees
- A great track record and satisfied clients
Getting Your Property Ready to Rent
In order to prepare your property to rent, an initial inspection is performed in order to plan any necessary repairs or improvements. Once the repairs and upgrades are completed, your property (or units) are ready to rent.
In order to secure top market rents, a thorough market analysis is performed. Based on your area, type of property (or units), and comparison to similar properties, a marketing plan is prepared and rents are determined.
Advertising and Showing
Top property management companies in Los Angeles will focus their efforts on filling your vacancies as quickly as possible. Asking for maximum rent, as well as through screening and background checks helps ensure good tenants. Typically, property management companies will only require payment after rent is collected.
Advertising on popular listing websites, signage on the premises, as well as listing on the MLS are all ways of attracting renters. Many companies also maintain a database of preferred potential renters.
- Screening potential tenants and performing background checks
- Payment is due only after rent is collected
- Advertising on the MLS, popular websites, potential renters databases
- Getting the Word out Fast!
As soon as one of your renters gives notice, your property management company starts working. Quick response means performing necessary repairs and upgrades, advertising, showings, screenings, and selection of new tenant.
Application Screening & Tenant Selection
You and your property management company share the same goal – finding the best tenants possible. This process involves credit checks, criminal background checks, rental history analysis, and verification of employment and salary. If necessary, a visit to the last home of the potential tenant can be necessary. Going the extra mile during the tenant selection process is in everyone’s best interests.
Lease Signing and Move-in
Your property manager will ensure smooth sailing by getting everything right at this crucial stage of the game. The lease will be signed by all parties, all necessary disclosures made, and security deposit will be collected.
The new tenant will be instructed on all rental procedures including paying on time, unit cleanliness requirements, and any other specified expectations. First month’s rent is collected at this time. Any special provisions will be included in the lease in order to avoid any potential confusion down the road.
When the time comes to renew a lease with a tenant, rents are raised based on market prices. This simple but important procedure is performed at no extra cost to the property owner.
Monthly Rent Collection
Never worry about collection the rent again! Your property management company takes care of managing all rents and ensuring quick collection. The rents are deposited into your bank account via direct deposit. Whenever possible, tenants are encouraged to pay rent via direct deposit making rent collection timely and efficient, and your disbursements equally fast and reliable.
If a tenant fails to pay rent, the owner is notified immediately, notices are posted and the eviction process begins.
Each month a statement will be issued to the property owner showing all income and expenses. At the end of the year, a 1099 is issued as well as a year-end statement.
Regular Inspections of Your Property
Every 3-6 months an inspection of your property is performed in order to ensure tenant compliance.
Fast response to plumbing, heating, and mechanical problems makes for happy tenants and happy property owners. Established relationships with local vendors, repair companies, and contractors mean that any problems get solved fast and inexpensively. The property owner will always be notified of any major repairs that need to be done.
Ongoing maintenance like pool cleaning and gardening will be monitored and scheduled by the property managers.
Emergency 24-hour service is always available, so you can rest easy.
Excellent Customer Service
Your satisfaction is most important. Through careful attention to detail and a goal-oriented approach, your property management company can dramatically increase your profitability. Good communication between you and your managers is paramount, and regular reporting helps you stay in touch with your business.
Hiring a property manager should be the beginning of a long-term relationship built on trust and mutually shared goals. Knowing that you will have happy tenants that pay rent on time makes owning an investment property so much easier.