There’s a misconception that professional San Diego property management costs owners money.
While you do have to pay a management fee every month, most investors will tell you that professional management actually helps you earn more with your rental properties. With professional management, you can limit your vacancy costs, keep maintenance expenses under control, and avoid costly mistakes that can lead to legal nightmares.
San Diego Property Management Reduces Vacancy
Professional property managers understand the San Diego rental market. We know what competing properties are renting for, and we understand the trends and the tenants. With the right rental value, your property will rent faster and to better tenants. Strategic marketing with professional management means well-qualified tenants will see your listing and get in touch. Expert tenant turnovers and fast preparation of your rental property means it will not remain unoccupied and unrented. Even one week of vacancy costs you money, and if you’re managing on your own, you could face months of vacancy and turnover costs.
The leasing process does not have to be complicated and if done professionally, can take a matter of weeks or even days. You’ll earn more on your investment property by limiting the number of days it’s vacant.
San Diego Property Management Offers Cost Effective Maintenance
Routine maintenance is an expected cost of owning rental property. But, it’s never fun to pay large invoices to plumbers, HVAC technicians, and roofers. With professional management, you can keep maintenance costs to a minimum. Most property management companies work with preferred local vendors and contractors who are licensed, insured, and reliable. The relationships we have in place with vendors means we get discounted pricing, and that keeps your repair work cost-effective.
Preventative maintenance is usually a part of any good property management maintenance plan. This protects the condition of your property and keeps your emergency repair needs to a minimum. With great vendor contacts and attentive maintenance responses, the cost of keeping your home safe, habitable, and well-maintained will be lower with professional managers.
San Diego Property Management Protects You from Liability
Protecting your property is the main job of any good property manager. In San Diego, mitigating the risk of tenant conflicts, lawsuits, and legal mistakes is more important than ever. There are new rent control, eviction, and fair housing laws in place that landlords need to know. If you’re not up to date on the Tenant Protection Act or you’re still confused about the difference between a pet and a support animal, you could find yourself paying thousands of dollars in fines and penalties. A good property manager won’t let that happen. We stay up to date on all the complex legal issues involved in renting out a California property.
Professional San Diego property management gives you back your time and protects you from the growing headaches and hassles that come with real estate investing. More importantly, it allows you to spend less and earn more on your investment. Contact us at Walters Home Management, and we’d be happy to tell you more.