When you are looking for a professional San Diego property management company, you should have high expectations for how they will help your investment property perform. A good management company will ensure you earn consistent rental income. They will help you increase your long term returns and protect the value and condition of your investment.
Any full-service property management company should provide more than the basic services of rent collection and tenant placement. You should expect all the expertise, resources, and advice that you want from experienced professionals.
Tenant Placement with Marketing and Leasing
Successful rental experiences start with high quality tenants. This requires a good marketing strategy, an excellent commitment to communication, and an awareness of the local market. A full-service leasing and management company should understand your home’s rental value and how it compares to competing properties. Your management company should take great pictures and market your listing on all the popular rental websites that tenants are using. They should also respond to questions and messages swiftly and schedule showings.
You’ll need a thorough application and screening process that follows all fair housing laws and includes recent requirements. For example, landlords in San Diego can no longer reject a tenant simply for having a Section 8 housing voucher.
Urgent and Responsive Maintenance and Repairs
Property managers will respond to routine and emergency maintenance situations, and they should also keep an eye on preventative maintenance. You don’t want to replace your heating and cooling unit every few years, and you should expect your management company to keep your maintenance costs down. They should partner with preferred vendors who offer discounts and provide outstanding workmanship. You need a property manager to respond to emergencies 24 hours a day.
Lease Enforcement and Rent Collection
Enforcing the lease is an important part of property management, and you want a full-service property management plan to include on-time rent collection, easy electronic payments, and great tenant relationships that provide you with peace of mind. Your property manager should conduct detailed move-in and move-out inspections that document the condition of the property. If there’s a lease violation or rent stops coming in, you’ll want your property manager to take the appropriate steps, including eviction if necessary.
Transparent Accounting and Reducing Risk
Full-service property management includes staying up to date on all the laws pertaining to your rental property and your tenants. The laws in San Diego and throughout California are growing more complex, so you’ll want to hire experts in the field who can help you with updated lease agreements and disclosures. Legal mistakes can be expensive, and you want to avoid those.
Regular accounting statements should also arrive, usually when your rent is paid. Good property managers show you the income and expenses associated with your property, and provide all the information you need in a way that’s accurate, detailed, and transparent.
These are only a handful of the things you should expect from a full-service San Diego property management company. If you’d like to hear more, please contact us at Walters Home Management.