Orange County CA

The Importance of Rental Screening Process

by Gerry Goodman on

The Importance of Rental Screening Process

Being a landlord is really a difficult thing. Not only because the landlord has to hand out his/her prized property into a strangers’ hands, there is also the risk of getting a bad reputation in the market. All of these factors have made the rental screening process in Orange County CA a pivotal one for landlords and quite rightly so. Screening the tenants accurately while they are in the request stage for a house is important, because then there’s a lower chance of a lack of rental payment or some form of contract violation.

A strict rental screening process in Orange County CA– Is There a Need for It?

Renters may not know why their application possibly will take some time to get approval, nevertheless, there are some points that are required to be “ticked-off” before renting out a house in Orange County CA. It is a vital step before any rental representative or property-owner could consider authorizing an agreement with a specific potential tenant. Renters need to appreciate that “distressing” the representative of a rental management agency for a result is not going to accelerate the procedure. It is consequently imperative for potential occupants not to leave the application procedure for the last gasp and put stress on themselves along with the representative for a swift result.

The Important Parts of a Rental Screening Process in Orange County CA

When a renter applies for a property, he is questioned to finish a thorough application report including copies of his identification (driver’s license, birth certificate or passport), three to six month’s bank reports, proof of revenue and references from colleagues or former landlords. Along with this, the leasing agent from a reputable rental property management in Orange County CA must complete a thorough rental credit check with the appropriate credit bureaus.

Some other aspects of a tenant background check process include –

  • Checking whether or not the income of the applicant is high enough as per the rent being demanded.
  • Whether or not the remuneration statements match the bank statements provided.
  • Some tenant screening services also investigate whether or not the applicant’s credit record is clear.
  • Some of the best property management services in Orange County CA dig deep and make sure that the applicant pays his or her bills on time every month.

A rental manager who is good at his job will also, when questioning the candidate, be able to evaluate whether his intuition declares this renter as a respectable occupant or an immoral one.  Even though it is the property-owner’s choice who he will sign the tenancy agreement with, his negotiator conducting the tenant application screening should at all times be able to lead him in making the correct decision and it is significant for the property owner to totally consider these guiding principles to reject bad applicants. The whole concept of a rental screening process in Orange County CA is a two-way collaboration with the landlord listening closely to what the experts have to say about certain situations and applicants.

The one thing to think of is that selecting the correct occupant is a much better decision one can make as compared to letting someone in randomly just for the sake of going through the process quickly. When it comes to picking tenants, bad choices could have serious repercussions such as loss of rent in the future, the tenant not taking proper care of the property, the tenant not agreeing to the contract or the tenant overstaying his or her welcome. Since a lot of landlords face these poor experiences on a regular basis, the importance of the rental screening process in Orange County CA is finally being appreciated more.

It is best to be patient, even if it means that the property will stay unoccupied for a month or two, to find the occupant who will take care of the property as if it was his/her own home, paying the rent on a regular basis.

Goodman Management Team is an expert at delivering top quality professional home management services, famous for their strict and thorough rental screening process in Orange County CA. They are currently operating in the cities of Orange County CA – Orange, Yorba Linda, and Anaheim.

Landlord Property Management in Orange County CA

by Gerry Goodman on

When Can a Landlord Decide To Hire a Property Management Company?

With there being a significant increase in the number of tenants holding properties in California, landlord property management in Orange County CA has become an important occupation. Here’s all the information on when, why and how a landlord should hire a property management company –

The need for landlord property management in Orange County CA- What Services Do They Provide

  • Establishing appropriate rental rates – Property managers take into account a lot of factors – the valuation of the property, the number of tenants, the standard market rate at that point of time, etc. After doing so, they set up an apt monthly rate that is suitable for landlords and tenants alike. This is a complicated procedure which landlords certainly need assistance in.
  • Collection of rent –The best property management services in Orange County CA always come up with new and innovative ways of collecting rent. From online payments to check deposits, they take up the methods that both parties feel comfortable with.
  • They guide landlords to make sure they abide by all the housing and property rules.
  • Communication – One of the significant features of rental property management in Orange County CA is upholding good communication amongst the occupants and the landlord. Property managers ensure that there is a good and productive relationship by making sure that there are no lapses in communication regarding the rental agreements.

The Situations in Which a Landlord Needs the Services of a Property Manager

Let’s take a look at when property managers are needed and how they help their clients who are in the process of renting out a house in Orange County CA –

  • Marketing and advertising the property in a proper manner to attract renters.
  • Taking care of the lease details.
  • Bringing about changes and renovations in the property in case the property-owner plans to ‘flip’ as in sell for a profit in the future. Property managers take all the necessary steps to ensure that the valuation of the property is increased.
  • Providing top-quality maintenance and renovation services. The property management firm takes care of all the little problems that are common in houses (burst pipe, faulty tap, etc.) to probably avoid greater ones in the future.
  • Conducting consistent reviews of the property and all the features installed.
  • Managing comprehensive background checks on rental candidates. Property owners looking for landlord property management in Orange County CA must make sure that this service is provided in a highly competent manner in order to avoid untrustworthy applicants into the property.

The Benefits of Hiring Property Managers

  • No Unwanted People Inhabiting the Property – Knowledgeable practitioners of landlord property management in Orange County CA analyze quite a lot of rental applications on a day to day basis. So, their proficient choices always catch the probable red flags in the screening procedure.
  • Direct Link – They serve as the direct link for landlords to their property and the people inhabiting the property, making sure that there are no difficulties.
  • Increase Property Value –Professionals who conduct rental property management in Orange County CA are knowledgeable enough to recognize what steps are required to take on with the aim of making sure that the property value is intact and hopefully on the up and up in terms of market rates.
  • Specialized Guidance – Be it getting a patio or investing in a courtyard – professionals who conduct home property management in Orange County CA are reputed for advising their clients what to do at specific times in order to increase the property valuation.

Googling for these service providers and checking out a lot of companies, the promises they make, the guarantees they provide etc. is the best way forward to find the best property management services company. One can also consult friends, peers, colleagues, and neighbors, and ask for references.

Devotedly providing top quality landlord property management in Orange County CA for low prices, Goodman Management Team, has seen a lot of accomplishments in the property management industry offering quality services like – property preservation & repairs, property account management, lease management, tenant screening & eviction. Operating currently in the cities of Orange County CA – Orange, Yorba Linda, and Anaheim, Goodman Management Team has set high standards for property management businesses across the county.

Rental Properties in Orange County CA

by Gerry Goodman on

The need for enhanced security for rental properties

The security aspect of rental properties in Orange County CA is one that is always of much debate. Even though the crime rate in California is much lower than it used to be, all tenants are advised to take care of their properties in every way possible.

The Issues for Homeowners and Occupants/Tenants Due to Ignorance of Security in Rental Properties in Orange County CA

Criminals break into the property – This is one of the most common forms of criminal activity that tenants have to face. This is why several companies who offer home property management in Orange County CA have a separate security wing dedicated to ensuring that the property is free from any kind of risk from outside.

Fraud – Criminal activities inside rental properties isn’t only committed by strangers. From time to time, the occupants or co-occupants of a household may turn out to be some kind of con artist or someone involved in some kind of criminal activity like – theft, mugging or drug dealing. Execution of background checks on all occupants is crucial to safeguard the safety and privacy of all the residents of the house.

Fire – Another very important factor anyone renting out a house in Orange County CA must be careful about is – making sure that no fire hazards are committed and all the appliances, wiring, etc. are in accordance with the fire and safety guidelines.

The Benefits of Investing in Home Security

Personal Safety – The most important thing for a tenant is making the rented space as his or her safe space. Without establishing a sense of security, living a positive life becomes very difficult.

No Legal Hassle – If a tenant or a property owner allows criminal activities to happen on his or her watch, along with the various losses associated with the criminal activity, there comes a hoard of legal questions and hassles. It is best to prepare for safety and security instead of suffering from these types of issues later.

The Proactive Measures for Making Safe Rental Home and Prevent Crimes  

Here are a few of the details which some of the best property management services in Orange County CA incorporate into their practices –

Securing the Doors – The most basic thing all the tenants want to make sure is that all the entry and exit points of the property including all the doors of the renters’ apartments are correctly protected.

Door Structure – All entry and exit points of the rental properties in Orange County CA must be made of solid materials like steel or hardwood. Using glass doors is a big no-no as they can be easily broken by crooks looking to break-in.

Deadbolt Locks – On top of standard locks, any entry or exit door must be fortified with a deadbolt lock. This makes it more problematic for criminals to break inside.

Intercom System – Companies who provide rental property management in Orange County CA in multifamily properties usually install an intercom system. This system makes it easy for tenants to communicate with a person who is knocking on the front door without allowing them to enter the property. The occupant can simply buzz people into the house to whomever he/she trusts.

Security Cameras – For improved security, property owners can install security cameras at the rental property. Going this way makes real sense if there are a lot of families residing in the building. Since all the tenants of the house benefit from having such a feature installed, they can all share this additional expense. Security cameras can be located anywhere the tenants feel there is a need – be it the front entry point of the house or the backside of the property, in shared areas (pools, postbox area), in staircases, hallways, etc. However, placing them in a tenants’ private space is against tenant rights.

Overall, the security of rental properties in Orange County CA is the joint responsibility of the tenants, the property owner and the property management company looking after the respective properties.

Goodman Management Team is an expert at providing the services of the highest quality for the rental properties in Orange County CA, getting their clients the best deals at the cheapest rates. They are currently operating in the cities of Orange County – Orange, Yorba Linda, and Anaheim.

Tips for returning the security deposit in a right way to a tenant

With there being a constant increase in the number of tenants in the state of California, the topic of tenant deposit return in Orange County CA has been one that has attracted a lot of attention. Most landlords around the country usually suffer from a poor reputation. Be it charging excessive rent or not returning the security deposit on time – the fact of the matter is that due to some bad landlords, everyone gets the blame. The truth is that most landlords spend a lot of time ensuring that they rent their properties out at a reasonable market price. More importantly, most landlords wish to return their tenants’ full security deposit.

The Purpose of Collecting Security Deposit While Renting Out a House

The Rental Security Deposit Laws in California have not been designed for landlords to exploit their tenants, but for both parties to help each other. It is an important bond which serves as a signpost for landlords to refund the entire amount of security deposit, making it necessary for tenants to not miss out on a rental payment or damage the property in any way. It is similarly a lot less effort for a property-owner when he/she only requires issuing a check for the entire amount of security deposit, instead of completing a detailed list of indemnities or reparation charges the security deposit reserves were used for.

How to efficiently go about the process of collecting tenant deposit in Orange County CA

The process of collecting tenant deposits can be a complicated one as there are certain tenants’ rights that need to be kept in mind while doing so. Overall, here are the basic steps that when followed, makes the process much easier –

Reviews and Education

Reviewing the initial rental agreement and lease conditions with the renter is important. Since renting out a house in Orange County CA is an unpredictable endeavor for any potential renter, it is important for landlords to include move-out potentials in the lease contract. The occupant may assume that all tenancies are fashioned equally so that they could claim blamelessness about some property guidelines.

The Role of Property Management Companies

Encourage the occupants to be informed about their tenant rights and security deposit clauses – Functions like these are why the best property management services in Orange County CA are held so reverently. Not only do they do the tasks that all landlords are expected to do, but they also serve as the ideal catalyst for a successful tenant-landlord relationship. Most companies who conduct rental property management in Orange County CA encourage the renters they deal with to be as informed as to the landlord on tenant rights and security deposit clauses.

Landlords, who are unable to manage their properties on their own, often hire property management companies because they usually conduct these matters more accurately. They take measures such as explaining what the security deposit of the tenant will be used for. Any decent provider of home property management in Orange County CA will use technological means to inform, educate and order tenants to register and document incidents involving unpaid rent, repairing damage to the properties, replacing rental unit appliances, furniture, etc.

On top of that, these companies before starting the process of collecting tenant deposit in Orange County CA, clearly document all matters that necessitate further investigation or warrant clear mention in the future records.

These companies function solely on the basis of the Landlord Tenant Lease Agreement including factors such as the tenants’ requests of seeing a receipt for outlays claimed on the deposit reimbursement. The essential factor of collecting tenant deposit in Orange County CA is to always keep a comprehensive record of all incidents in case a dispute on a claim arises.

Goodman Management Team has become a significant name in the property management business due to its persistent search for fortifying the best arrangements for their clients, assisting them in every step. Prevalent for its long-standing associations with all clients, its purpose of incessantly prospering the clients with vigorous proceeds via efficiently collecting tenant deposit in Orange County CA has been fittingly met at every step of the team’s development as a company. Functioning chiefly in the cities of Orange County CA – Orange, Yorba Linda, and Anaheim, the team’s facilities have proved to be a standard for the industry.

Home Management Services in Orange County CA

by Gerry Goodman on

Hiring a Property Management Services versus Self-Managing Your Rental Property

The big decision that several homeowners who are on the lookout for tenants have to make is whether or not to hire professional home management services in Orange County CA. Even though a lot of homeowners struggle with this decision, the questions that need to be answered are pretty simple in the pursuit of the correct way of managing a property. Since there are a lot of efficient ways of handling rental property, all aspects need to be thoroughly analyzed. Here are two of the main routes a homeowner can go when it comes to rental property management in Orange County CA

The Pros and Cons of Homeowner Self-managing his/her rental property

Personal Touch

PROS – There is some degree of truth in the saying that no one cares for a property more than its actual owner. Be it in terms of property maintenance or simply in terms of looking out for the property, making sure its value rises year after year – when a homeowner self-manages his or her own property, there is a degree of personal touch and innate involvement that is very hard to find amongst professionals.

CONS – Even though a homeowner renting out a house in Orange County CA has the best interests in his/her heart when it comes to managing the property, unlike the professionals, they are less likely to have a clear idea on how to do it. The best property management services in Orange County CA usually oversee a lot of properties and under this umbrella of properties, each one of them is given the appropriate maintenances and upgrades as per the market demands. Since private homeowners are usually novices in the field, their intentions may not be well-guided.

Cost

PROS – Any company conducting home property management in Orange County CA is bound to slice off a certain percentage off the rent collection. Some companies have fixed rates while others have varying rates when it comes to charging their clients, depending on the rental rates, etc.

CONS – Complicated procedures such as the tenant eviction process often involve legal repercussions. If and when not managed properly, they could cost the homeowner a lot more than a professional home property management company would do.

The benefits of hiring home management services in Orange County CA –

Since we have already explored the two sides of self-managing a property, here are the major benefits of choosing the other route –

Coming up with a strong landlord-tenant lease agreement – Professional rental property management companies are known for coming up with strict contracts that all occupants are obligated to sign at the time of occupation. These contracts are fair, clear and easily understandable so that when complications regarding serious issues such as eviction or return of the safety deposit amount come up, there is no room for complaints.

Thorough tenant screening processAll professional rental property management companies have a thorough and inclusive way of conducting screening checks on the tenants. These complicated processes make sure that only the best possible candidates are selected. They also ensure that there is no form of discrimination in the process and the tenants are selected purely based on their merit.

Maintenance – Most companies providing home management services in Orange County CA have a strict policy on improving the values of the properties they manage. Be it via regular maintenance or installing additional features, these professionals have the market knowledge to ensure that the value of the property keeps on appreciating.

Efficient rent collectionProfessional rental property management companies are known for innovating new ways of collecting rent. Unlike property owners who self-manage their property and only have certain fixed avenues of collecting rent, professional rental property management companies are able to incorporate methods such as – online payments, checks, bank transfers, etc. – All of these are done to make sure that the rent is paid on time.

Goodman Management Team is an expert at providing the highest quality of professional home management services in Orange County CA. Mostly famous in the market for getting their clients the best deals at the cheapest rates; they are currently operating in the cities of Orange County CA – Orange, Yorba Linda, and Anaheim.

Single Family Rental in Orange County CA

by Gerry Goodman on

Benefits of hiring a property manager for single-family rentals

The concept of living in a single family rental in Orange County CA has for quite some time now been widely accepted by a lot of families. Ever since the housing crisis, a large number of American families are opting to rent houses, proving that single-family homes are the best decision suited to meet all their needs. Consequently, the industry of property management for these family rentals has grown. Property managers have become an important part of the housing industry undertaking several crucial roles and activities.

The property management activities involved in managing a Single Family Rental in Orange County CA

Creating suitable rental rates – Single Family Rental Properties demand different rates of rent based on the location of the property, the size of the family, the constantly changing market rates, etc. Since there are so many factors at play, property managers are required to establish firm rates that suit both the property owner and the family residing on the property.

Collecting rent – Rent collection is another of the important tasks any provider of rental property management in Orange County CA carries out. It may seem a trivial task but there are a lot of factors involved, such as

  • Making sure there are no delays in rent payment.
  • Making sure that the single families don’t feel that their privacy has been invaded.
  • Creating safe and certain rent payment streams and collecting rent via electronic payments, cash, etc.

Just and detailed rental candidate screening – If a family looking to rent a property has a good tenant record, they can rest assured that the property managers will be aware of that. These specialized agencies are required to be good at tracking down all the important information before approving a family.

Abiding by guidelines – For all types of single family homes for rent in Orange County CA, there are a lot of state regulations/guidelines concerning the property that need to be effectively followed. Rental property managers are expected to abide by all regulations, ensuring that the chances of a fine or a misdemeanor are zero.

Communicating – One of the main facets of managing a single family rental in Orange County CA is upholding good communication lines between the occupants and the property owner. It is the duty of property managers to ensure that a positive connection is maintained between the two, irrespective of how many times they really meet each other face to face.

Resolving small issues to avoid big ones – Consistent rental property maintenance checks and care help in avoiding complicated and costly issues. These major issues can diminish a property’s value considerably putting the relationship between the property owner and the occupant in danger. Be it a broken window or a leaky pipeline – the best property management company in Orange County CA will always make sure that no possible danger is ever avoided, regardless of its immediate severity.

The benefits of hiring property managers for managing a single family home property

Property investors or owners can enjoy the following benefits by hiring property managers:

  • No Undesirable People Occupying the Property – Well-informed property managers go through several rental applications on a regular basis. Hence, their expert eyes always catch the likely red flags in the screening process itself.
  • Direct Link – Single-Family Rental Property Managers are available 24×7. For landlords, they serve as the direct link with the property, making sure there are no complications.
  • Increased Property Value – In the modern market, using a property as a single family rental in Orange County CA and hoping to make the value of the property rise on a steady basis is a far-fetched hope for many property owners. However, rental property managers are experienced enough to know what steps to undertake in order to make sure that the property value does not diminish.
  • Advice to Clients- Be it installing a patio or investing in a backyard – rental property managers are known for advising their clients what to do at specific times – leaving the ‘how’ part to themselves, ensuring that the property value increases over a period of time.

Goodman Management Team is an expert at managing any type of single family rental in Orange County CA. The team is known for getting its clients the best deals at the cheapest rates. The company is currently operating in the cities of Orange County CA – Orange, Yorba Linda, and Anaheim.

Short-term Rental Management in Orange County CA

by Gerry Goodman on

Short-Term Rental Management for Your Vacation Rentals

The custom of hiring providers of short-term rental management in Orange County CA was not as prevalent as it is now, mostly because people were unaware of its several advantages. Nowadays, more and more property owners are seeing this process as the perfect way to manage their rental properties.

Benefits that come with hiring short-term rental management in Orange County CA

More Guests

By employing vacation rental management, the property is able to expose itself to new guests more frequently as compared to usual residential leasing. For the property owner, this may be an added hassle. It is also perfectly natural for a property owner to assume that it does not necessarily mean added income. However, for professionals conducting rental property management in Orange County CA, it is the ideal opportunity for them to exercise their skills. More guests usually mean that there will be more room for work – something that these experts are trained for doing. On the other hand, since these companies conducting short-term rental management in Orange County CA usually charge a share of what the property owners earn from each guest, they are more than likely to encourage the constant inflow and outflow of high-paying guests.

Less Time More Focus

Since these properties usually attract a heavy inflow of guests over a short period of time, these management companies get a lot of time and information on how to improve their services. Imagine this scenario – one guest leaves with three complaints, by the time the next guest arrives, those three areas of complaint are already addressed – continuing on this path is what the best property management company in Orange County CA considers as an effective strategy. Hiring the best property management company means an improved customer review section that directly leads to more profits in the future.

Instead of supervision of tenants who occupy residential units for months or even years, these managers manage these vacation properties or other short-term houses for only a few days or weeks at most. Even though it is more work, it is also more opportunities as well.

Maintenance and Repairs

A major complaint that owners of vacation rentals in Orange County CA have is that the guests keep on damaging their properties in some way which calls for added repairs every month. However, this is no problem at all for the manager who is hired as he or she will be able to deliver not only the maintenance and repairs of the house but will also take care of-

  • Cleaning the house efficiently on a regular basis
  • Collecting the rent on time
  • Fulfilling the administrative responsibilities that are compulsory for keeping the rental property running effortlessly

Stress-Free

The main objective of these rental management companies is to keep the owner of the property free from any stresses giving them very little to worry about. Hiring a provider of short-term rental management in Orange County CA is essentially investing in a trustworthy organization that will do whatever it takes to increase the owner’s profits via rent collections.

There are several crucial questions and important aspects of vacation property management that these companies address –

  • When and how will the guests be able to book the property for vacationing? The booking procedure is crucial. The property needs to be highly accessible to all potential guests. Professionals conducting rental property management in Orange County CA are required to have a good know-how of the process. Which website to link up with, how to receive and respond to guest queries – all of these tasks are supervised by these professionals.
  • How good or bad is the performance of vacation rentals in the surrounding areas? This evaluation is crucial to determining the degree of success and ROI that can be expected in the first few months of investment.
  • What is the best way to Market the property? How to make the property more accessible to potential guests – these are the types of stresses that a property owner does not need to worry about once professionals take over.

Goodman Management Team has become one of the leading providers of short-term rental management in Orange County CA. Registering a steady in-flow of guests, Goodman Management Team has employed a method of taking in guest advice and using them to improving every day. The company is currently operating in the cities of Orange County CA – Orange, Yorba Linda, and Anaheim.

Rental Management Agency in Orange County CA

by Gerry Goodman on

How the Rental Management Agency Helps in Tenant Retention

There’s a good reason why all homeowners are hiring their own rental management agency in Orange County CA – it is because they really need them to sort out certain issues involving tenants. Interestingly, there are a lot of problems that tenants have to face on a regular basis, which agencies can help to solve and thereby assist in retaining tenants. Some of the common problems include:

Being asked to pay unnecessary amounts for the security deposit – While dealing with financial matters associated with the rental property, a tenant may run the risk of being cheated by the property owner. Not that all property owners look forward to cheating their clients, but some of them do ask for extra payments on the security deposit. The intervention of a property management company in Orange County CA will help the homeowner in fair dealings and also protect the tenant from excessive payments.

Not respecting the privacy of the renters– Unlike professionals from a residential property management in Orange CA, there are several landlords who barge into rental spaces uninvited. There have been several complaints involving landlords uninvitingly inspecting rental spaces on the grounds of ‘security inspection’. According to California State Laws, doing so is strictly prohibited especially when the landlord does not have the tenant’s consent.

Refunds – In any form of realty management, a certain degree of financial fairness is mandatory. However, a lot of landlords do not respect these guidelines especially at the time when the tenant is ending his/her contract of rental agreement. Disputes over the refund of security deposits are highly common in California. Such situations, however, can be easily resolved if an esteemed rental management agency in Orange County CA is involved.

Discrimination – During the screening process, a lot of tenants have complained that landlords resort to discrimination based on –

  • Race or Ethnicity
  • Religion
  • Sexual Orientation
  • Disability

Such behavior is absolutely not acceptable and worthy of a lawsuit against the landlord.

How a rental management agency in Orange County CA can help tenants

  • Establishment of appropriate rental rates – When professionals are involved, they make sure that both sides of the party are satisfied with the rental rates.
  • Collection of rent – There is no delay in rent payment and no invasion of privacy when the professional property managers are involved. They make sure that the rent is paid on time.
  • Fair and thorough rental applicant screening – If a tenant has a good record, they should rest assured that any rental management agency in Orange County CA will know about it. These professional agencies are great at tracking down past performances of a renter and including it in their screening process. Also, it goes without saying that there’s no bias in the screening process.
  • Guidance- They also guide tenants to make sure they follow all the housing and property guidelines. This ensures that tenants have a better chance of retention.
  • Communication – One of the key aspects of home property management in Orange County CA is maintaining good communication between the tenants and the landlord. They make sure that a good and constructive relationship is what the two parties share, regardless of how many times they actually get to meet one another face to face. A good stream of communication is crucial to ensuring that there are no misunderstandings regarding important details of the rental agreement.
  • Resolving trivial issues to prevent big ones – Reliable rental property repairs and care can help avoid big issues that can considerably lessen a property’s worth or put the relationship between the landlord and the tenant in jeopardy. This is why spending a little extra on hiring the best rental property management in Orange County CA is a great investment for the homeowner because expert property managers can guide regarding timely repairs.

By effectively resolving all types of rental property issues, a professional rental management agency in Orange County CA is able to make sure that the environment in which the landlords and tenants find themselves in is healthy. Professional agencies try their best to keep both the parties happy by catering equally to their needs. A steady flow of healthy communication is all that’s required to make sure tenants are happy – that is exactly what they deliver.

Operating presently in the cities of Orange County CA – Orange, Yorba Linda, and Anaheim, Goodman Management Team has transformed the property management industry, setting a benchmark for every rental management agency in Orange County CA. They help tenants and landlords equally to ensure that both parties are happy with the agreed settlement.

Condominium Manager in Orange County CA

by Gerry Goodman on

Things to consider while hiring a condo manager

Hiring a condominium manager in Orange County CA is a task that a lot of property owners struggle with. This is because entrusting a home in the hands of someone is a crucial decision that requires a lot of attention. The task is complicated hence it can be only handled by someone with experience and someone who can be trusted. Here are some tips on finding the ideal match.

How to find the perfect condominium manager in Orange County CA

What services do they offer?

The best Property Management Companies in Orange County CA usually offer a range of services. Before hiring one, it needs to be made sure whether or not the services of the management company suits the requirements of the property owner. Here are some of the basic services a property owner should look for in a condo management company –

  • Marketing the property to attract tenants.
  • Taking care of the lease.
  • Managing the property in case the property owner is looking to sell it, and taking necessary steps to make sure that the valuation of the property is above market rates.
  • High quality maintenance services. The company must take care of every little problem to possibly avoid bigger ones that could arise from them in the future.
  • Conducting regular inspections of the property.
  • Administering detailed background checks on rent applicants. Property owners looking for rental property management in Orange County CA must stress on this service as a property should only be handed over to tenants who are trustworthy and reliable.

Determining Rental Amounts

Condo Management Companies usually charge a fixed percentage of commission on the rent they earn. Hence, it is important for property managers to be able to conduct a comparable market study of all the other accessible listings close to the property in question. They should have comprehensive processes to do so, for instance checking out properties that have recently gone off the market and properties that are presently available on the market to calculate the best rate of rent. They must also have the know-how and understanding needed to factor in the exclusive structures of a rental property, for instance, a swimming pool or a special provision made for cooking barbecue. The best property management services in Orange County CA are able to incorporate little features that ultimately result in high rental fees.

How do they treat properties that are vacant?

One good quality property owners should look for in any condominium manager in Orange County CA is the attitude to the property when the property is vacant. Most property management companies offer flat rates. They charge a certain percentage of the rent that they earn on the property. This policy is excellent for property owners until the property has no renters. To be prepared to tackle such a case, the property owners must ask the condo managers in advance, questions regarding –

  • Their efforts to attract good tenants. They should be making provisions to attract tenants.
  • Whether or not they will charge for the months when the property was vacant.
  • Whether or not they have a catalog of renters from where they can choose a suitable candidate.

Other crucial questions that need to be asked to a condominium manager in Orange County CA

Before hiring the condo manager, you must also ask questions such as the following:

Do they have any miscellaneous charges? A lot of times, property management companies have miscellaneous charges they put in the contract. They may try to hide the total cost by offering a low rate and not mentioning these additional costs. These matters need to be cleared beforehand.

What is their process of collecting rent?

Do they offer ‘eviction guarantee’? The ideal condominium manager in Orange County CA will offer eviction guarantee – which is, a small amount of coverage in case the tenant is deemed worthy of eviction by the property owner.

These are the essential things a property owner must be aware of before hiring a property manager.

Goodman Management Team is known for delivering the ideal condominium manager in Orange County CA to all clients. The services offered by the team are not only reliable but also low-cost. Goodman Management Team is presently operating in the cities of Orange County CA – Orange, Yorba Linda, and Anaheim.

Rental Maintenance Company in Orange County CA

by Gerry Goodman on

How to make your previous home an investment property

The concept of a rental maintenance company in Orange County CA was previously unknown to most homeowners of the area. However, over the past decade, such companies have proven to be of much value to homeowners who wish to convert their current houses into investment properties and make them available at the rental market.

Reasons homeowners feel like leaving their homes

While such reasons are particular to each and every one, the most usual reasons include –

  • They are moving out of their home
  • They have bought another place to live in
  • The desire to be a landlord

Then, the primary duty of a property-owner becomes initiating complete detachment from his/her emotional connection with the previous home. While this can be an achievable process, thanks to their new property coupled with the prospect of income from monthly rent payments, there are several other steps involved in making houses for rent yield a good ROI.

Here are the major steps involved in transforming the landlord’s own home into an investment property –

Authorizations

The necessities will differ by neighborhood, but for residential properties to serve as rental properties, authorizations are mandatory. Safety of all the parties involved is the basic importance behind these authorization processes and permits. Usually, an assessor from the local administration will examine the property for several safety threats involving electrical wirings, central heating systems, and adequate exit-points in the home along with other mandatory security concerns. These certifications are not costly, but they may take some time to process and they are absolutely compulsory. For instance, there are several crucial taxation laws involved in the process which when not abided by, leads to heavy punishments and fines.

Maintenances and Upgrades

Along with providing the elementary necessities, the property owner must put himself in the shoes of a manager of a rental maintenance company in Orange County CA and be aware of the fact that anything he repairs or installs enhances the value of the home, making it more attractive to those on the look-out for a property. Property seekers are probably comparing all the available rental properties on the market.

The best real estate management companies pull off huge sales by presenting an ordinary property in an extraordinary manner. The least a property owner can do is to make sure the house is clean, recently painted, and does not display anything that suggests low-value. The cost of the upgrades and maintenances need to be recouped in the rental charges. Hence, the quality presentation is crucial.

Search for Tenants

As soon as the property owner or manager decides to start property management operations to prepare the home for renting out, he should start looking for tenants. Finding a good tenant is a laborious task. Complying with the Fair Housing Laws of the state is crucial. These rules keep constantly getting upgraded, hence, double-checking is essential.

Why Hiring a Rental Maintenance Company in Orange County CA is the Best Option

The nuisances that come with the everyday responsibilities of being a landlord can be too much for most property owners who have other things to worry about. Hiring a property management company to act in place of the landlord is a great option.

A standard rental maintenance company in Orange County CA can

  • Handle all the permits, authorizations and related paperwork
  • Repair specific areas to increase property value
  • Maintain the property on a regular basis
  • Conduct tenant screening processes
  • Collect rent
  • Communicate with the tenants

Property Management companies also assist the landlord with the legal dealings of evicting occupants. Evicting a renter is a legal procedure that is tedious and usually normal property owners are not equipped to deal with such situations.

The firm usually charges a fee of 10% on the rent earned for providing this service.

Goodman Management Team has established itself in the market as something more than just a rental maintenance company in Orange County CA. The team’s careful guidance and property management services have been a blessing to property owners in Orange County CA. The company has become a benchmark for the industry. Operating currently in the cities Orange, Yorba Linda and Anaheim of Orange County CA, Goodman Management Team provides services that are economical and of the highest quality.