Realty Management Services in Orange County CA

by Gerry Goodman on

How to make your property pet-friendly

Over 75% of Americans over the age of thirty have dogs. A whopping 51% of Americans above thirty are cat owners, according to a recent survey. In modern day America, pets have increasingly become a direct substitute for children. They are less costly and prove to be great companions. This phenomenon has caught so much attention that all the leading realty management services in Orange County CA are advising property owners to explore the idea of making their properties pet-friendly. The reason is simple- most of the applying occupants have pets.

What is a pet-friendly home?

A pet-friendly home is a property where the owner of the property has made it legal for occupants to keep pets. In California, the owner of the property has to notify his or her property management services in Orange County CA to ensure that the property is pet-friendly in every way, that is, it practices pet-friendly home decoration, and the like.

Here are some courses involved in making the real estate property a pet-friendly one, in order to attract or accommodate both pet and non-pet occupants –

There are several benefits of making a property up for rent, pet-friendly –

  • Supplementary revenue from higher occupancy, or higher chance of attracting tenants
  • Pet fees
  • Further protection on the property fuelled by security deposits

However, in order to achieve these benefits, property owners should consult realty asset management in Orange CA, Anaheim CA, or Yorba Linda CA, because there are some strict regulations that need to be followed –

  • A clear pet policy must be drawn in the lease contract. This helps in minimizing risk and establishing clear prospects about suitable animal behavior in the rented property.
  • There should be clear reasoning behind charging additional rent from occupants. This means that there should be valid reasons as to why collection of a pet rent or an extra payment on top of the once-a-month rent is being done.
  • Clearly state the requirement for an added deposit in the contract. This should also include the cost of potential animal damage and other such factors.

How a realty management services in Orange County CA can Help

By simply making a property pet-friendly, a property owner is opening the doors to a large number of potential applicants. A property owner should find the best Property Management Company in the location in order to tackle this situation. They can help in:

  • Screening the applicants – After a standard background data and credit information check for the tenant-applicants, realty management services in Orange County CA also conduct an additional screening for pets. Pet screening can consist of demanding applicants to provide references, vet accounts, compliance training credentials and proof of tenant’s insurance with pet coverage.
  • Instant Management – In case of an emergency, for example, the pet of an occupant gets stuck in some part of the property – realty management service workers will instantly provide aid.
  • Regular checks – Realty management services in Orange County CA also help out property owners by conducting routine checks on the properties to ensure that all guidelines are being followed, and all standards are being met.

Dos & Don’ts of pet-friendly home decoration

Realty management services in Orange County CA also makes sure that the property is pet-friendly in every way.

  • Making sure there are no expensive rugs in the property for the pet to spoil.
  • Installing an animal area near the entry. This makes the property seem inherently pet-friendly.
  • Using semi-gloss wall paint, the one that is easy to clean.
  • Using stain resistant fabrics, wherever possible.

Goodman Management Team – Excellence and Perfection

Goodman Management Team has become a leading name in the property management trade. It has effectively made realty management services in Orange County CA easily accessible for property owners. A lot of the team’s achievements have been down to its resolute search for safeguarding top-quality dealings for the clients, delivering excellent services at reasonable rates. Operating currently throughout Orange County CA in the cities Orange, Yorba Linda, and Anaheim, Goodman Management Team has become a benchmark for the other property management services across the county.

Commercial Property Management in Orange County CA

by Gerry Goodman on

Why is Commercial Property Management necessary for Property Owners?

Commercial Property Management in Orange County CA is a field which is finally getting the attention it deserves. Basically, property management is the control and overseeing of real estate, on behalf of the owner. Much similar to management of any sort, here the property managers take care of a property whose owner is unable to do so himself. The ideal solution for maintaining a commercial property is to hand it over to property management services in Orange County CA.

There are two types of property management, commercial and residential. Here are the differences between residential and commercial property management in Orange County CA:

Commercial Real Estate – By and large, commercial real estate is property clearly envisioned for future investments or for generating more revenue. It can consist of residential charges, generally of more than five units, and is more frequently seen as property that proposes workplace and selling space in buildings that are styled in an industrial fashion. Commercial asset management is one of the key tasks of maintaining such properties.

Residential Real Estate – The residential real estate is a type of investment property that offers single or multifamily rental houses and consists of homes which are inherently residential. Apartments and other accommodating structures are counted in this group.

Roles of commercial property managers in managing the commercial property

The responsibilities and everyday jobs of a commercial property manager include all facets of everyday procedures of the property, together with accounting, occupant relations, upkeep, and reparation. The functions of these professionals include the following:

  • Create and maintain a present preventive maintenance agenda for all devices, equipment, assets and building structures that are the proprietor’s duty to preserve
  • Conduct preventive maintenance programs
  • Conduct surveys for every roof and parking lot
  • Launch and implement housework plans
  • Oversee all suppliers related to upkeep and housework workers
  • Periodically investigate all facility agreements to find out whether or not substitute workers will be more profitable. Commercial Property Management in Yorba Linda CA has seen a great amount of money being saved by adapting to such a technique.
  • Accumulate all fees, rent and other miscellaneous payments.
  • Evaluate all current leases and formulate present lease abstracts. Commercial Property Management in Anaheim CA has become so popular, solely because of the documentation confusion, which most proprietors are not fond of.
  • Generate the month-wise financial report that should include: Rental collections, billings made, along with a thorough expenditure ledger counting the Current Rent Roll, Bank Statements, and Bank Settlement Accounts.
  • Get the sum, confirm the sum and pay the real estate and personal property tax, along with enhancement valuations, and other expenses as instructed by the proprietor.
  • Should there be a need, at the proprietor’s demand; the management team is also entitled to make dispersals from the Operating Account in agreement with the inscribed demand of proprietor.

Benefits of hiring a team for commercial property management in Orange County CA

Uphold curb-appeal

Curb-appeal is a significant factor when preserving commercial properties. Every so often, budding commercial property purchasers make spur-of-the-moment decisions about a property. That is where the importance of a first impression, the curb-appeal, strikes in.

Maintain resale value

It is a well-known fact that property maintenance can help in saving a lot of money, just because preservation of property assets is most likely to pay off in the future. When looking to sign up with providers of commercial property management in Orange County CA, one should make sure that they have the knowledge and training to make commercial building maintenances.

Get a healthy return on your investment

Owners must make sure that no property is being wasted away, lying unused. In the hands of a professional management team, the property will keep giving the proprietor a healthy ROI, without the worry of making huge expenses.

Keep tenants happy

Tenants should be kept informed and involved at all times. Property managers offer quick solutions to all kinds of problems, ensuring that the tenants stay for a long time.

Goodman Management Team – Benchmark of Brilliance

Goodman Management Team, a best Property Management Company in Orange County CA, has made a name for itself in the property management business. Making commercial property management in Orange County CA an easy task for proprietors, a lot of the success of the team has been down to its tenacious search for securing hand-picked transactions for the clients, offering quality services at a cheap rate. Operating currently in the cities Orange CA, Yorba Linda CA, and Anaheim CA, Goodman Management Team has set high standards for property management businesses across Orange County CA.

How to Inspire Others to Occupy Your Rental Property

by Gerry Goodman on

How to Inspire Others to Occupy Your Rental Property

Putting up a home for rent in Orange County CA can be a big challenge for a homeowner. Firstly, tenants are hard to find. Secondly, even after you are able to get tenants, holding on to those tenants can be really difficult because they may move over to another property if they find something wrong with the current one they are residing in.

Rental property management can be a tough task for a property owner. Here are some essential things needed to inspire people to occupy a rental property –

  • Make sure all the repairs and maintenances are always managed on a consistent basis.
  • Providing a direct access between the owner and the tenant. Make sure that communication is maintained at all times.
  • Provision of technologically advanced means such as e-payments and the like.

Since handling so many tasks can be difficult for a homeowner, who probably has other commitments, turning to property management services in Orange County CA is a great option.

What is home property management?

Property Management is an industry that has been on the rise in recent times, because of the benefits it has brought to the homeowners in Orange County, CA. A property manager is appointed to administer and perform the daily functions of a real estate property. Standing in as the connection between the owner and the tenants of the property, a property manager guarantees that both the property owner and the tenants are satisfied with the property and its day to day actions.

Advantages a property management company can bring to a home for rent in Orange County CA 

  • Making the first impression

In order to make a tenant move in, the property manager can rearrange the house for impressing the client. The property manager himself may bring in paintings to decorate the interior. To make the exterior look fabulous, gardening, cleaning the lawn, a small paint job, proper furnishing, security equipment – all of these factors plays a huge role in creating the first impression when the customer visits the property. Having just an advertisement saying ‘home for rent in Orange County CA’, is not enough. The presentation is vital.

  • Delivering a House of the highest quality

Be it taking care of leaking taps, a door or window closing problems, or even a set of dirty drapes or carpets – before a customer visits the property, the property management team conducts a thorough inspection of the property. In the inspection report, areas that need to be fixed or maintained are reported. After collaborating with the proprietor, the property management team, through their various sources, assigns electricians, engineers, etc. to give the house a ‘makeover’.

  • Choosing the right candidate

The best Property Management Company always looks to associate itself with good tenants. Well-informed property managers undergo a strict procedure for analyzing many bids. Their expert decisions are more likely to identify the probable red flags when going through an applicant’s paperwork. Other than screening the applicants, with years of experience, they are also able to determine which property is the best for what type of tenant. For example, they can decide which property will be best suited for a family, which will fit a single working professional, and so on.

  • Acting as the link

Property managers when working on a home for rent in Orange County CA acts as the representative of the property. They become the link between the proprietor and his or her tenants. A property manager can instantly solve any issues regarding maintenance or repairs. They also make sure that the property owner is represented in a good manner.

  • Collecting rent

When a property owner turns to residential property management in Orange County CA, he or she can expect a gradual increase in rent returns. Practiced property management companies know precisely what to do to make certain that the tenants are content. They are accessible, responsive and handle all the problems the tenants might encounter. Contented tenants are not likely to give up renting and they gladly agree to rent increases.

For a small fee, Orange County Property Management Rentals can hugely assist property owners in collecting rent on time, maintaining a healthy ROI. Other than that, they also keep the property in good shape, which is always a great thing.

Goodman Management Team – Setting an Example

Ever since its foundation, the Goodman Management Team has made itself a significant player in the property management business. This has been down to its persistent search for safeguarding the finest deals for the clients, guiding them throughout the whole process of putting up a home for rent in Orange County CA. Prevalent for its long-lasting relations with all customers, the objective of the group to incessantly help the clients flourish with good ROI is being appropriately realized as the company builds itself towards a bright future. Operative chiefly in Orange California, Yorba Linda California and Anaheim California, the Goodman Management Team continues to set a benchmark for property management companies across the country.

Effective Tips for Collecting Rent on Time from Your Tenant

Collecting Rent in Orange County CA has been a long-standing problem for home and property owners who give their houses out for rent. Faced with numerous problems, hiring a property manager is the best option for a home or property owner struggling to maintain steady levels of rental income. A property manager is usually hired in such situations to supervise and carry out the day-to-day activities associated with real estate property. Acting as the link between the proprietor and the occupants of the property, a property manager ensures that both the landlord and the occupants are content with the property and its regular actions.

What Does a Property Manager Handle?

Without knowing what a property manager’s job description encompasses, it will be unwise to hire such a service provider as the property owner will not be able to fully exploit their facilities such as rent recovery service and others. Here is a broad overview of their chief functions –

  • Preserving the Property’s Financial Functions: Property owners can avail the services of property supervisors to set, accumulate, and regulate rent for a property’s occupants. Managers are also expected to maintain all records for such transactions.
  • Handling Occupants: A property manager has face to face communication with the occupants. He can handle organization of leases, administering the process of selecting renters, evictions, rent collection and handling of complaints.
  • Safeguarding Property: All property maintenances and conservation activities fall under the direct errands of the property manager.

Advantages of Hiring a Property Manager

  • No Ill Elements Hoarding the Property

Knowledgeable property managers go through numerous applications, so their skilled judgments are more probable to catch possible red flags when going over a candidate’s paperwork.

  • Direct Link

Property managers act as the direct link between the property owner and his or her tenants. A property manager can see into difficulties 24 x 7 and organize a specialist for the restoration of any problem with a part of the property.

  • Guaranteeing the Satisfaction of Occupants

Experienced property management businesses know exactly what to do to make sure that the occupants are happy. They are receptive, accessible and take care of difficulties as they ascend. Happy occupants are unlikely to move out and accept rent regulations willingly. Good property management companies have recorded success in not only collecting rent in Orange County CA, but they have also recorded occupant satisfaction and increase in many cases.

  • Ensuring That the Rent Is Paid On Time

This is the ultimate objective which every property owner expects to meet when they hire a property management company. With Orange County property management rentals becoming greatly successful, an understanding of their detailed process is very illuminating.

Tips on How to Successfully Collect Rent in Orange County CA without Failure

1. Confrontation

Confronting the occupant is getting the job almost half done. Property owners should not be afraid to directly ask them questions like –

  • Why was the payment late?
  • By what time will the payment be made?
  • Via what medium will the occupant pay?

Not discussing on late rent payments will only strengthen tenants’ immoral ways and aggravate an already important issue.

2. Plainly List Out the Penalties for Late Rent

Apply late fees.  An occupant has a duty to pay on time and there needs to be something done to guarantee that this won’t occur another time. If the occupants are still not paying up, an alternative solution is to report their delayed payments to a certified credit bureau.

3. Electronic Rent Payments

Programmed payments certify that human error does not happen. Implementing automated payments or internet payments will unavoidably generate a system where averting payment will become seemingly impossible.

4. Reminders

Collecting Rent in Orange County CA usually is a difficult task because people say that they forgot the deadline and they have not pre-arranged for paying the rent. Hence, taking an additional step and sending constant reminders is the best solution.

Goodman Management Team’s Success

Goodman Management Team has become an important name in the property management business due to its relentless endeavor towards securing the best arrangements for its clientele, assisting them at every step. Popular for its long-standing relationship with all clients, the team aims to help clients continually prosper with healthy income via efficiently collecting Rent in Orange County CA. Functioning primarily in Orange California, Yorba Linda California, and Anaheim CA, the team’s standard of services has proved to be a benchmark for the industry.

Lease Management Services in Orange County CA

by Gerry Goodman on

The Best Advice You Could Ever Get About Lease Management Services

If you own a property that you want to rent out, then you need to consider using a professional lease management services in Orange County CA. Getting professional assistance is a guarantee that the entire process, from advertising your property to receiving a secure rental income will go smooth and all your rights will be protected. The best advice that you can get in terms of lease management services is that you should go for it because in the long run this will save you both time and money and make your life as a landlord much easier.

Here are a few basic things that you need to know about this kind of services and what you need to be looking for when choosing an Orange County Leasing Manager.

What do Lease Management Services in Orange County CA include?

Every day, in which your property stays vacant you lose money. The same goes if you have bad tenants that delay rental payment or have to be evicted. There are also a bunch of rules and laws that you need to be familiar with and tons of documentation to manage. Therefore, some professional help can be of great use to any landlord. If you are wondering what you should expect from high-quality lease management services in Orange County CA, here are the few things:

  • Evaluation of your property and proposal of a fair rental rate

The leasing manager will visit your property and have a thorough look at both the exterior and the interior. They will document everything and make some photos as well. You can expect to receive some recommendations for small repairs or cosmetic changes that can result in higher rental income. Then the leasing manager will gather information about the rents in the area and will work with you so that you can come up with the optimal rental rate. You can also consult them about issues that may concern you, such as allowing pets, renting out only to non-smokers, etc.

  • Using the most appropriate advertising and marketing strategies

As a professional in the field, the lease manager knows how to prepare your property so that it looks appealing on the rental market. This may include some interior cleaning or minor landscaping touches. Then, they will utilize all appropriate advertising tools, such as Multiple Listing Service (MLS), print publications, social media, fliers, signs, paid and unpaid rental listing websites, etc. The lease manager will also work with other realtors in order to find tenants.

  • Efficient tenant screening and selection process

The lease manager will be responsible for the screening and selection of the prospective tenants. That includes answering calls, checking their background and verifying credit history, identity, etc., grading tenants according to pre-selected criteria and of course informing those who were turned down. One of the main responsibilities, naturally, is to meet with tenants and show them the property at a time that is convenient for them.

  • Supervision of tenant move-in and out

Part of the lease management services is to secure a hassle-free move-in of the new tenants. That includes drawing up a leasing agreement, setting a move-in date, perform move-in inspection with tenants and secure signing a report about the condition of the property. The lease manager is usually responsible for collecting the first month’s rent and the security deposit. Similarly, when the rental contract is over and the tenants need to move out, they will supervise the process, make sure the keys are returned and even change the locks. Another protocol is drawn about the condition of the property and any necessary amounts are withdrawn from the deposit, the rest is returned.

  • Financial services

The leasing manager is there to help you with various financial issues that you might face. That includes rent collection, chasing late payments, keeping track of all the property-related expenses and making payments on behalf of the owner. Providing accounting property management services is also a great benefit, as is the assistance with any tax-related questions.

  • Legal services

A leasing professional is well aware of all local, state and federal legislation that applies to rental properties and can give advice to the landlord in the event of any dispute or other issues. The property manager also knows the attorneys in the area who are qualified to settle such disputes and can refer you to them. Another aspect of this service is to take care of evictions – from preparing the necessary documentation to making sure that the tenants are removed from the property.

  • Property maintenance and repairs

These are services that indeed save a lot of time and money for the landlords. The leasing manager is responsible to take care of all minor and major problems that occur, which may range from a broken pipe to snow removal. They will be in charge of finding the best offer for the repair and usually they work with trusted handymen and can get discounts for giving them work on a regular basis. The property manager is also responsible to supervise any repair or maintenance work and make sure it is done according to the requirements.

This is in brief what kind of lease management services in Orange County CA you can expect by hiring a trusted professional to look after your investment property.

Why a homeowner should consider lease management services?

As a homeowner, you really need to spend some time thinking whether you need to use the professional services of a leasing manager. There are many advantages to do so and besides, as you can see above, there is a variety of services that you can choose from. It is not necessary to vest all the responsibilities for your rental property to a leasing manager. You can also choose to use them only for some services. One of the best benefits is that you will get a trusted advisor especially on more complicated issues such as legal or financial constraints.

Another benefit that is worth mentioning is that you can relax peacefully or go on a holiday without being worried that you will get an unpleasant call from the tenants complaining of a broken garbage disposer. You can rely on that the property manager will take care of all issues.

You can also rely on the on-going communication with your property management team. You will be updated on anything that is happening and you are free to ask as many questions as you need if something sounds unclear.

In other words, convenience is the answer to the question why you, as a homeowner, need to consider lease management services in Orange County CA.

How a property manager protects your interests?

Hiring a property manager is a smart move not only because of the advantages listed above. It is of paramount importance if you want both your property and interests to be taken good care of with as less hassle as possible. One of the most important aspects of the services you receive is the legal know-how of a property manager. As a professional in the field, they are familiar with all rules and regulations at every level – local, state, federal and can help you avoid mistakes due to ignorance and lack of knowledge. In addition to that, they are professionals who are on your side and who are there to offer you advice and solution that are to the best of your interest.

If you are looking for the best lease management services in Orange County CA, then you need to get in touch with Goodman Management Team. You get trustworthy and customer-oriented professionals who see the good care and maintenance of your real estate investment as their mission. As a real estate broker, Gerry Goodman knows how to protect your interests and guarantees that you have access to approved California Association of Realtors documentation, meaning that any dispute is to be reviewed in arbitration by Realtors. He works with a team of professionals with various skills and knowledge that can offer cost-efficient property maintenance and repairs. No matter if you are a single-family home or a condominium owner, you can trust that your property is in the hands of the best Orange County Leasing Manager.

If you are a homeowner in Orange County who wants to rent out your property, you may want to consider using realty property management services in Orange County CA in order to reap the best benefits of this undertaking. If you are unsure what the profession of a property manager involves, keep on reading and you will find out why you need one and what are the benefits of hiring such a professional.

Why do you need Realty Property Management Services in Orange County CA?

Renting out a property is not a simple process. It includes many steps such tenant screening, property maintenance and repairs, daily operations and many more. Hiring a property management services company means that you get a professional to take care of all these tasks. You sign a detailed contract that details the rights and duties of both parties and that protects your rights. A property manager can manage both single family homes and large condominiums and some of their most important responsibilities include:

  • Managing rent
  • Managing tenants
  • Looking after property maintenance and repairs
  • Supervising other employees and vacant properties
  • Keeping records and managing budget
  • Assist with taxes

6 Main benefits of hiring a Property Management Services Company

If you are a property owner who wants to rent it out but save themselves the troubles, then you need a good property manager to do the job for you. There are plenty of benefits to choose such services and here 6 of the most important ones:

1. Dealing with legal issues

It is hard to be aware of all federal, state and local laws that apply to property rentals and managing tenants. A property managing professional, however, know every single rule and will make sure that you have the perfect contract that keeps you away from possible lawsuits or legal issues.

2. Screening for tenants and scam protection

Property managers have the necessary experience to screen for tenants. This means that they can find the best match for your property and ensure that you will receive your rent without troubles, they will cause no damages to your property and stay longer. There are many people who would like to take advantage of inexperienced landlords, try to sue them for discrimination or perform any other rental scam. Having a seasoned property management company on your side means that you are protected by such troubles since they will apply a consistent application process to all potential tenants and save you from bad outcomes.

3. Less vacancy

Part of the high-quality realty property management services in Orange County CA include making sure that your place is rented for as long as possible. This is due to the fact that a qualified property manager knows what rental price to suggest and how to properly advertise your property.

4. Cheaper professional property maintenance and repairs

If you have chosen the right property management company, it means that you have opted for someone who offers a team of seasoned handymen that can be dispatched to your property and handle any plumbing, gas or electricity issues. Usually, these services are part of the main contract and hence they cost less than hiring a plumber or any other professional to do the job. The other option is that the property managers use the same professionals and therefore they get discounts due to the amount of work they provide.

5. Dealing with evictions

Having to deal with an eviction is an unpleasant and often lengthy process. Hiring a professional means that you are safe from this emotion since the property managers know how to have a tenant removed quickly and painlessly.

6. Personal benefits for the property owners

Last but not least there is a bunch of personal benefits for a property owner. These include less stress, since you do not have to deal with every single issue on your own; more freedom – to travel or invest in a property that is far away, even in another state or foreign country and more time, since you do not have to service the property yourself and thus you can broaden your investments or spend more time with your family and friends.

Are there any cost benefits for landlords if they hire a property manager?

Most definitely the answer to this question is yes. More or less all of the above services offered by a professional property manager are saving both time and money to the landlords. If we need to summarize, however, we can state that there are three significant cost benefits when using reliable realty property management services in Orange County CA. These are:

  • No unpaid or delayed rents

Some dishonest tenants may try to take advantage of property owners and count on their sympathy or concern to avoid paying a monthly rent or at least delay it without being penalized for that. Having a property management company that offers rental property management services in Orange CA, Anaheim CA, and Yorba Linda CA means that you have a professional entity to tackle this issue. As the company is perceived in another way than a person, tenants are less willing to try and deceit them with payments. In addition to that, you as a landlord know that your rights are protected by the contract you have with the property manager.

  • More tax deductions

Organizing rental home expenses is not an easy task and you as an owner may miss on something. A property manager is aware of all the details and can help you add more tax deductions when the tax time comes. In addition to that property management fees are also a deductible expense, so at the end of the day you end up paying less tax.

Goodman Management Team has significant experience and innovative approach in offering realty property management services in Orange County CA. Garry Goodman has more than 25 years of experience as a real estate broker and knows how to defend the interests of his client. In addition to his knowledge of the rental market, he also has a team of professional handymen who can fix almost anything in your property at a very reasonable price. Goodman Management Team offers realty property management services in Orange CA, Anaheim CA & Yorba Linda CA and throughout Orange County CA. One other benefit of choosing their team is that they are using approved California Association of Realtors documentation, which means that your interests are legally protected and represented in case of contractual issues of the lease. The great combination of expertise, experience, and security make the services beneficial to homeowners and helps landlords to feel comfortable and relax. Get in touch with Goodman Management Team to find out how they can help you to make the most of your property.

Property Maintenance in Orange County CA

by Gerry Goodman on

Are You Getting the Most Out of Your Property Maintenance?

Only homeowners can truly understand the vitality of maintaining and caring for their property, regardless of whether they are looking to sell or rent them in the foreseeable future. Needless to say, the practices of property maintenance in Orange County CA and other locations of high-end property have seen an upsurge in the recent times.

Simple reasons why every homeowner needs property maintenance

  • Fixing trivial issues to prevent big ones: Regular rental property repairs and maintenance can help avert major issues that can considerably reduce a property’s value.
  • Keeping hold of the best renters: When a renter occupies a property, the owner’s anticipation is that the renter would take care of the property as if it was his own property. However, making sure the property is damage proof in all ways not only ensures consistent rent and tenants, it also builds goodwill and good relations.
  • Growing the value of the property: Effective property maintenance in Orange County CA has seen property values soar up considerably since well-maintained properties are more preferred over properties needful of repair.

Common mistakes everyone makes about property maintenance

When you are seriously considering property maintenance, it orders to make the most out of it, you must steer clear of the following mistakes:

  • Thinking it’s an unnecessary expense: Maintenance expenses never get any cheaper. The price of labor and materials required to conduct property maintenance are bound to increase every year. Hence dilly-dallying on the regular upkeep of properties can only lead to a highly expensive damage which can cost you a lot more than the average spend.
  • Not regularly visiting the property: Visiting the property no less than once a year to check on how it is being kept by the tenant or the agent is crucial, as recognizing damage to a property can only be done to the tee by the owner of the property.
  • Not knowing the amount to spend: Homeowners looking to indulge seriously in property maintenance must consult a property manager to ensure that they spend just the right amount in maintaining their properties. Often owners tend to go for over or under spending, neither of which is advisable.

Normal spending on property maintenance in Orange County CA

One prevalent practice says that rental property repairs and maintenance should take up 1% of the acquisition price of the home. For instance, if the home costs $700,000, a budget of $7,000 per year for upkeep should be kept aside. That does not imply literally spending $7,000 every year, it just means that, on an average, over a considerable number of years (over 10 years), the average spend should be 1% of the cost multiplied by the number of years of ownership. It is difficult to forecast how much a property will cost to maintain. The best way to save money is to hone in these factors about the property when setting out the plan:

  • Type of Property (Single/Family/Commercial)
  • Location of the Property
  • Weather conditions
  • Age of the Property
  • The condition the property is in

How a property manager can help you out?

The hiring of a property manager for your property maintenance in Orange County CA may seem like an added expense but it can be quite beneficial. A property manager can help homeowners to:

  • Set appropriate rental rates.
  • Timely collect and deposit once-a-month rent payments.
  • Market the property in the most appropriate manner.
  • Make best use of time and money.
  • Guarantee that all housing regulations & property regulations are abided by.
  • Handle vendor relations.
  • Handle relationship with possible tenants, choosing them wisely.

Property management necessitates a huge amount of commitment, time, and effort. For years, Goodman Management Team has conducted property maintenance in Orange County CA employing the most advanced techniques of aiding their customers. Offering customers with all-encompassing services ranging from lease documentation to control of rental income, the underlying essence of the team’s service is dedication and honesty.

Orange County Commercial Property Management Services

In the current climate, many realtors specializing in commercial property management in Orange County CA are noticing a spike in foreign buyers and the commercial real estate market. According to Real Capital Analytics, commercial real estate purchases by foreign investors took a turn up from $468 million in 2014 to $2.3 billion at present. Condominiums are relatively attractive to foreign buyers, mainly because of the all-inclusive features most contain. They offer an easy, turnkey package of amenities, luxury, and security all in one go!

Furthermore, although a condominium owner will see a significant return upon the sale of their unit, they are just paying off the mortgage and tax until then. The ability to sell and eventual yield is all completely dependent on the typically fickle condominium market. As a result, more savvy buyers understand that they can generate revenue by renting one’s unit out for commercial purposes.

Why commercial and not residential?

So what is the difference when it comes to investing in commercial or residential? There are actually many of benefits to going commercial, especially when you have a great commercial property management in Orange County CA to nurture your relationship with tenants and protect the property with regular checks etc.

Longer Leases

A landlord’s biggest concern can often be whether a tenant will renew their contract or not. This can often have a knock-on effect of paying the bills and cover yourself for a couple of months until you find someone else. A residency contract is usually reviewed and can be turned over every six or twelve months. However, a commercial tenancy can continue for years! The tenants usually occupying the property invest a lot of time and effort into making it look right for them, which usually prolongs the length of the tenancy overall.

Improved ROI

Return on investment for commercial properties accumulate a very high rental yield in comparison to residential investments. Earning potential is why so many often lean towards commercial property investment. Finding commercial property management in Orange County CA will just help to boost this and nurture your tenancy to ensure contracts are happily renewed and rates meet the standard.

Standards are more likely to be maintained

Especially for those tenants who work in a retail industry, they want their store (your property) to be in the best condition possible. Unlike residential tenants, their ideals and aspirations for the property align with the landlord. As a result, your property is much more likely to be maintained to a high standard.

Less midnight calls from tenants

As the business usually falls in line with working hours, the property is only occupied during the day, when you work. This way, the amount of panic phone call about an issue in the property is reduced significantly. Your free time as a Landlord can actually be your free time, bar the odd emergency alarm you have to attend to. The best property management companies in Orange County CA will take care of those too if you wish so you can really sleep easy!

As you can see the advantages of owning a condo alone are very appealing. Whether for renting for residential or commercial purposes, you can lease or rent to generate passive income which provides you with a predictable cash flow each month, outside of your profession. Furthermore, the appreciation potential whilst it is being rented is incredibly attractive and will leave you sitting on a small goldmine after a number of years. To support you in nurturing your lucrative investment, a commercial property manager will take everything off your hands and use their experience and industry knowledge to ensure your earning potential is optimal.

Orange County commercial property management services are highly recommended when investing in a commercial property rental. They take care of all the time-consuming tasks, including building a great relationship with your tenants and ensuring that everything follows legislation so you can focus on your own life. By ensuring everything is taken care of, they minimize the risk of any legal suit, and also the loss of money by ensuring the conditions are kept to a high standard. Going for commercial property management in Orange County CA will give you peace of mind in knowing that your property is being well taken care of and that everything is being done according to California laws and regulations. The most important thing to consider is which property manager to choose. You want someone that is trustworthy, reputable and has an in-depth knowledge of the market.

Goodman Management Team have over 25 years of industry experience under their belt and are highly reputable across the Orange County area. They have strong hands-on approach to really tailor their service to each customer, making you as a Landlord feel incredibly valued and understood. The team is comprised of qualified property managers with many also having backgrounds in handyman type skills such as engineering, plumbing, and electrician type work. As a result, they often go and fix any repairs themselves to save their customer’s extreme rates by external companies. They are very highly regarded when it comes to commercial property management in Orange County CA and will help you to become a successful and very satisfied landlord.

8 Signs you should invest in Property Management

by Gerry Goodman on

Professional Property Management in Orange County CA

In general, professional property management in Orange County CA is there to take the weight off the Landlord’s hands when it comes to the mundane and frequent tasks you have to undertake before, during and after tenancy. They are often a huge asset to your investment, as they maintain the property, minimize excess costs and potential damages in order to nurture, and grow, your investment property. They can provide a complete management service that helps to grow your costs and save you heaps of time. The following 8 points are just a handful of reasons as to why working with a property manager is essentially more beneficial than going it alone.

1. Marketing your property

Expertise and a complete understanding of the market will speed up the process of finding your tenants incrementally. Orange County rental property management should know off the bat who your target markets are, where to find them and how to market your property in a way that will attract as many of those target tenants as possible.

2. Qualifying tenants

Screening tenants is a skill in itself, and an Orange County property manager should be able to collect all necessary documents that assure they will pay the rent, and qualify as responsible and reliable. This may include references and copy of bank statements.

3. Tenant Communication

There is nothing better than having a great and reliable tenant. Not only will they look after your property to a higher standard but they will more than likely want to renew their tenancy at the end of the contract. However, to keep tenants happy, being a point of communication and available to talk regarding any concerns about the property takes time. Whether this involves taking calls in the middle of the night, or during the weekend, a property manager can take this off your hands and maintain that strong relationship.

4. Knowledge of Landlord-Tenant Law

In the radical event that you have to file late payment notices or go through the eviction process, your professional property management in Orange County CA should have a highly comprehensive understanding of Landlord-Tenant Law. This is probably one of the most common and essential reasons to go with a property management company. Their understanding is even supportive with smaller queries and issues, like who is liable for the repair of certain issues within the property.

5. Handling routine maintenance work

Routine maintenance work is standard for any rental property. Regulating, resolving and minimizing costs are the biggest necessity for most landlords during this time. Usually trying to schedule a time that is best for tenants and communication can also take a lot of time, so having the best property management companies in Orange County CA takeover will give you peace of mind.

6. Emergency repair work

Repairing a random, but emergency damage within the property can be an absolute nightmare. Not only do you want to resolve it quickly, but you need to find someone that won’t break your bank whilst fixing the repair work. A rental property manager in Orange County CA will utilize their list of contacts to find you a cheap and reliable service contact.

7. Completing inspections on a routine basis

Taking the time to complete a regular inspection of the property is a task, not every Landlord has the time to do. Professional property management in Orange County CA makes it a priority to constantly be aware of how the inside of the property is being maintained by performing frequent inspections.

8. Keeping records

For legal and referral purposes, making and keeping a copy of every important record is essential. Many landlords like to rely on an Orange County rental property manager for this as the paperwork can accumulate.

In return for providing an excellent service, a property manager usually requires a small percentage of the rent. The reason so many Landlords agree to do this is because with a reputable, and experienced property manager, the money you save and the time you gain, from not handling tenant queries and minimizing costs on repairs, maintenance work and potential legal fees usually pay for your property manager with a lot more leftover profit. It does not just save you the hassle, but it helps to grow your investment property whilst you reap the rewards. The emphasis to focus on is the experience and credentials of the property manager themselves to ensure you make a lucrative decision.

Goodman Management Team have over 25 years in the real estate business and are reputable for their property management services. They have strong, hands-on approach in order to alleviate and keep the costs of repairs to a minimum. The team is comprised of qualified real estate agents with backgrounds in the most beneficial handyman type skills such as engineers, plumbing, and electricians. As professional property management in Orange County CA, there are many benefits to having Goodman Management Team nurture and grow your property, letting it continue to appreciate in price over time.

Quality Property Management Services

by Gerry Goodman on

How to deal with property managers?

Having a good property manager that takes care of every single worry you may have during a tenancy is going to not only give you peace of mind, but boost your profits immensely. There are a number of things that can often go wrong during a tenant’s stay in your property;   problems can occur way before the tenant even moves in. This can range from something minor like a light fixture needing to be replaced to something long, complex and challenging like eviction procedures. Investing in solid quality property management services can actually save you a lot of money on unforeseen costs you had no idea even existed.

Quality Property Management Services

A great Orange County property management company will use their qualified expertise and experience to notice all the blind spots you as the owner is not aware of. This way, you can enter into a lucrative agreement with your tenant with minimal to no risk.

> Property Walkthrough

One of the most important things to notice when searching online for “property management near me” is the availability of walkthroughs with the property management company beforehand. Make sure to assess the process to help you assess the quality of property management. The following list examines what is required from a successful walkthrough of the property.

> Document everything

High quality property management services involve documenting absolutely everything. This does not just extend to inventory but marks on the walls, anything that is broken and issues to the external structure of the property.

> Contingency plans are everything

Having a backup plan is essential. Walkthroughs could uncover big issues to a rental property that might make you think twice about whether, or not, to invest. You may have already bought the property, and find quite a few issues that will setback tenancy as the property does not meet legislature required by the state. A quality property management company will be able to give you options in response to either situation.

> Keep the place clean

Making sure that the property is always maintained and kept in great condition is the role of property management experts. To help identify everything within the property, as well as on an aesthetic level, the property needs to be very clean. Property Management Services need to be on top of this, so you can conduct everything involved in an easy manner. It is also a key so that you are able to pinpoint any potential issues within the property as easily as possible.

> All issues reported

Being on top of all issues from tenants, ensuring they are reported and resolving them in a timely manner is instrumental in a good Orange County property management company. You do not want to be made aware of a leak six months down the line and then have not only handle the fixture of the leak itself, but also pay thousands to fix a now prevalent mold issue.

Whether or not you have a certified property manager, one that provides all the points above will determine how valuable they will be in managing your property throughout an entire tenancy. Additionally, for a quality property management service, you should not be required to pay a rate that will break the bank! Affordable property management is available across Orange County and they should be incredibly valuable. A good property management service is supposed to help your lucrative investment grow, not eat away at any profit you make.

Poor Property Management Practices

Bad property managers will charge more than 10% and be unresponsive. Unresponsiveness extends to many aspects of the property management service. Some of them are:

> Not inspecting the property thoroughly

Doing a once through without properly inspecting every corner of the property is a telltale sign of bad property management services. As mentioned above, a lot of detail and care needs to go into the walkthrough alone, therefore a property inspection should be even more thorough. Any potential issues need to be identified and resolved immediately as a result of a property inspection.

> Lack of Communication with Tenants & Landlord

Having great tenants is every Landlord’s dream. The property management company should be around to help bring great, reliable tenants to your property but more importantly, they need to be the first point of contact for your tenants. If there are any issues, the tenants should always have property management experts on hand to help resolve problems quickly, efficiently and cost effectively. Lack of communication can be detrimental to the successful running of a rental property, and having the inability to resolve tenant issues and communicate this with the Landlord is completely unacceptable.

> Lack of Availability

To meet for a property walkthrough, organize an inspection with builders or have availability to screen potential new tenants and take them on a flat viewing, a quality property management company should be ready to commit to the appointments at any given time. Of course, it is not expected that they will just drop everything and run to the beckoned call of the Landlord, but if they are noticeably unavailable, change to another company. A required skill from any property management company you sign up with is flexibility and if they lack in this, and you do not feel valued as a client, it is likely they are not valuing your property either.

Owning a rental property can be a huge financially rewarding investment. However, to nurture this investment and ensure it grows for a substantial amount of time, a lot of care and effort must be devoted. Obviously, with a career or a family, dedicating so much time towards a rental property can be implausible, which is where property management services come in to play. A qualified and experienced company should already understand the significance and importance of your property and treat it as so.

Be sure to do your research when looking at property management services for your rental property. Having a great working relationship with a team that is trustworthy, hands-on combined with years of experience and a passion for the industry will pay off when your property is in tip top condition and your tenants are comfortable and satisfied.