Property managers can take a lot of the headaches and hassles off a landlord’s plate. You can expect that your Chula Vista property management company will handle all of the operational and day-to-day tasks that come with owning a rental property and dealing with tenants. It includes finding tenants and collecting rent and taking care of maintenance, but it’s much more than that. Property managers protect you from expensive mistakes and legal liability. You rely on their expertise and resources to efficiently lease, manage, and maintain your investment.
You should expect a customized management plan that’s based on your unique needs and those of your rental home. However, you can generally expect your management company to take care of the following responsibilities.
Pricing Your Rental Home and Preparing it for the Market
Your property manager will understand the local rental market and the prices that homes like yours are commanding. We have access to reliable data that helps us to establish a profitable and competitive rental value.
We’ll also help you get your home ready for a tenant. If there are repairs needed, we’ll tackle them with the help of our reliable vendors and contractors. We’ll make sure it’s clean and ready for showings.
Chula Vista Rental Property Marketing
Individual landlords often post an ad on Craigslist and hope for the best. With the help of a professional management company, you can expect more strategic and effective marketing. We can generate leads through social media platforms, advertise on the most popular rental websites, and use the power of self-showing lockbox services to show your property how potential tenants want to see your rental.
Tenant Screening and Placement
Tenant screening is one of the most important benefits to working with a Chula Vista property management company. A bad tenant is going to create a terrible rental experience for you. When you have experienced property managers screening applications, you can expect the process to be fair, rigorous, and consistent. The property management company will use all their screening tools and resources while complying with all fair housing laws. The result is a well-qualified tenant who can be trusted to pay rent on time and take care of the property.
Legal Compliance and Protection
Renting a property in California is hardly done without risk. There are extremely tenant-friendly laws and protections in place. Working with a property management company can balance the field a little bit for owners. Your property manager will know all the relevant laws, including fair housing, security deposit laws, rent control restrictions, and just cause eviction stipulations.
Maintenance and Rental Property Repairs
Property management companies will handle routine repairs and preventative maintenance. We’ll also be available for emergency issues. A good management company will have someone answering phones 24 hours a day in case a tenant calls to report a flood or a fire.
You can also expect that you’ll have access to licensed and insured vendors. Property management companies work with professionals and often have a preferred list of vendors and contractors who do good work and offer discount pricing.
Property Management Accounting
Your property managers will also collect rent and security deposits. We’ll create monthly income and expense reports and make any financial statements available that you need. These reports help you track your money so that you know how much is coming in and going out every month. You can also expect us to provide tax documents at the end of the year and comply with the state Franchise Tax Board laws.
This is just a basic list that outlines some of the responsibilities most property management companies take on when they work with owners and landlords. We also enforce the lease, conduct inspections, and document everything with exceptional technology.
If you’d like to hear more about what you can expect from a Chula Vista property management company, contact us at Encore Realty, Inc.