How to handle the late rent payments in California

by Gerry Goodman on

How to handle the late rent payments in California

The law concerning late rent payment in CA is around 30 years old. In 1978, Civil Code 1671 was revised to outlaw almost all late rent payments which are recorded in residential rental agreements. In general terms, a late fee is an additional charge that the renter has to pay on top of his or her rent, in case the aforementioned tenant has failed to pay the rent on time. It is basically a late fine.

Paying the fine for late rent payment in CA

The most common amount that is charged for committing the crime of making a late rent payment in CA is usually a 5% fee of the rent amount. Some property owners even have a different set of rules concerning extremely late rent fee. Extremely late is a situation where the tenant has failed to pay the rent for more than two to three weeks. In such cases, the property owners usually hike up the charges to ten percent instead of the usual five. One more normal late rent payment in California is where the tenant could accumulate the total charge and pay it back in the form of a bounced check fee. California regulations state that a property owner could charge the occupant a $25 fee for the first wrongdoing, and $35 for any supplementary bounced checks.

The modes of rent payment are also something which the property owner must look into. The preferred mode of rent payment needs to be mentioned in the Landlord Tenant Lease Agreement. Here are the four modes of rent payment that are the best –

Certified Check The bank will confirm a check affirming that the renter’s bank account has the essential funds obtainable at the time of the check’s creation. Nevertheless, there is no assurance that the amount in the account will still be in the present when the property owner deposits the check. However, this form of imbursement is safer than a personal check and it is a part of the renters’ rights to certify his or her financial security.

Money Order Receiving money orders is a great way of accepting rent payments. It is almost like accepting gift cards from the renter! It is a convenient method of receiving rents on a home for rent in Orange County CA.

Cashier’s Check Much similar to a money order, in cashier’s checks there is a greater fee-related and they are only dispensed by a financial institution when the recipient actually has a bank account.

Online Online payments which do not involve exposing private information such as banking codes and credit card numbers are nowadays seen as the most convenient method of rent payment, both by the landlords and by renters. It is rapid, the funds are mostly transferred directly or within days, and it is a very easy task. Property owners who cannot afford residential property management in Orange County CA tend to use this method because of its ease and convenience.

Avoiding late fees serves the best interests of both the property owner and the tenant. The Landlord Tenant Lease Agreement is one of the most crucial tools in ensuring that late payments are avoided. This agreement serves as a contract which guides both parties to act considerately and cooperatively.

Steps to handle late rent payment in CA

  • Notify the tenant immediately. Send a late rent payment notice.
  • Determine to find a solution which does not entail the law (settle for a compromise, EMI payments in case of a financial stress period for the tenant).
  • If the tenant still does not pay, the owner has to start the process of eviction.

While eviction and fines are the general consequences of late rent payment in CA, it is a scenario best avoided, which is why property owners are advised to conduct thorough rental applicant screening.

Goodman Management Team has gained widespread acclaim by delivering reliable and successful solutions in tenant screening, handling late rent payment in CA, lease agreement, property maintenance & repairs, tenant eviction, and so on. The team’s immense reputation has been down to its commitment towards delivering the finest transactions for the customers, by offering treasured services at economical rates. Operating currently in Orange County CA in the cities Orange, Yorba Linda, and Anaheim, Goodman Management Team has set high standards for property management businesses all over the county.

The several positives of a tenant screening process in CA

by Gerry Goodman on

All you need to know about Tenant Screening in California

A lot has been talked about the tenant screening process in CA. While some call it too harsh, others find it necessary, and rightfully so. Some people rent properties explicitly to set up their illegal doings. When the owner of a property obtains a wide-ranging California tenant screening background check, he is able to find out which applicants are the best suited for the property.

The several positives of a tenant screening process in CA  

Tenant screening services not only aid the proprietor rule out applicants with a meager rent payment past but also help them to speedily disregard contenders with an unlawful background. Criminals, principally those conducting delinquencies in the rented properties, every so often move from one location to the other. Rental applicant screening is meant to beat these criminals.

Nearly everybody experiences a tough time monetarily at some time. A past expulsion that the applicant reveals upfront may be acceptable. If the potential tenant was momentarily out of work, it may not necessarily mean the candidate is a corrupt occupant. Property-owners can profit from determining whether or not the occupant is honest about that one past eviction or if there is a case of several evictions before they give out their home for rent in Orange County CA.

Take in the social security number scam check into the tenant screening process in CA to ensure that the candidate is not taking up a false identity. Renters with poor rental past may give a fake, concocted social security number. Often, they give out the social security number of an unwary relative or acquaintance to evade recognition. If the property owner fails to get suitable tenant background check information, he will miss out on the advantage of knowing if the occupant is hiding his real identity.

California property-owners are allowed to use credit reports and other tenant-screening information to find out whether or not to rent out to a candidate, as stated by the California Landlord Tenant Law. This law also empowers landlords to charge occupants for the cost of the background check process, as long as it is mentioned in the landlord-tenant lease agreement.

The basic steps involved in a standard tenant screening process in CA

  • Obtaining a PATH Report – The Previous Address Tenant History reveals whether or not the potential candidate left out any preceding addresses when giving in a rental claim.
  • Getting in touch with the American Apartment Owners Association – An organization devoted to aiding California property-owners to rent out to the finest qualified candidates by delivering an assortment of occupant screening package selections. A property owner can ask for a state-wise eviction background or can obtain a countrywide account of the eviction past of the rental candidates.
  • Getting a Tele-Check Verification Package – The Tele-Check verification is also a state-wise or countrywide background check process. If a property owner is working with residential property management in Orange County CA, it is an ideal situation because these property management companies are experts at applying the precise checks for each and every applicant, saving time and money.
  • Other Cases – The property owner will obviously not want the address of one of his or her rental properties to get revealed by the press, in case an extremist or a sex offender suspect gets detained on the locations. In order to be completely secured in these situations, and to protect the rental property in question, the property owner should buy a California tenant screening background check set that consists of terrorist and sex offender pursuits. It is a crucial part of the tenant screening process in CA.

Goodman Management Team – Standard of Excellence

Goodman Management Team has made a name for itself in the property management business by delivering consistent and successful services like tenant screening process in CA, lease agreement, property maintenance & repairs, tenant eviction, and more. The major part of the team’s accomplishments has been down to its resolute search for securing top-quality dealings for the customers, offering valuable services at low-priced rates. Operating currently throughout Orange County CA in the cities Orange CA, Yorba Linda CA, and Anaheim CA, Goodman Management Team has set high standards for property management businesses all over the county.

Home Property Management in CA

by Gerry Goodman on

How to Handle Tenant Complaints and Resolve Common Issues

It is widely considered that being a tenant is not half as difficult as being a homeowner. Although this statement is somewhat true, tenants have their fair share of issues and problems with which they have to deal with on a regular basis. These problems are further amplified when there is an inherent lack of home property management in CA , a state renowned for a large number of tenants. Here are some of the common problems faced by tenants in Orange County, California –

  • Being asked to pay excessive amounts for security deposit purposes – There are certain limitations on the total amount of the security deposit that the landlord can ask the occupant to pay up. As stated by basic housing privilege laws for renters in California, a landlord has no right to claim excessive fees. The sum should be a one-time payment and consistent with charges for an average home for rent in Orange County CA.
  • Landlord not respecting the privacy of the tenants – There are limitations on the homeowner’s right to step inside the rental unit. No homeowner is allowed to barge into the rented space in the name of home property management in CA.
  • Refunds – The renter has every right to ask for a refund on the security deposit that had been paid during the time of the agreement. In California, often renters have to face the problem of being hassled by landlords who refused to return the security deposit.
  • Discrimination while screening – This serious issue has called for authorities to instill a legal decree which allows the renters to take legal action against the landlord for defilements such as prejudiced rental applicant screening procedures. Discrimination based on these factors is thoroughly illegal, yet a common unaddressed issue faced by renters in California –
    • Race or Ethnicity
    • Religion
    • Sexual Orientation
    • Disability

These were some of the few major issues faced by tenants in California. The common factor seen in these issues is the fact that these properties are not usually handled by professional companies that perform residential property management in Orange County CA. A professional property management company assists in swiftly solving the renter’s issues.

How home property management in CA helps both the renters and the homeowners

Through professional home property management, a number of issues can be solved, since professionals help in:

  • Establishment of apt rental rates
  • Collection of rent
  • Rental applicant screening
  • Promotion of the property up for rent in a precise manner
  • Assuring that all housing guidelines and property guidelines are stood by
  • Supervision of vendor relations
  • Careful treatment of relationships with possible renters that are bound to be a good fit for the property
  • Resolving minor issues to avert big ones – Consistent rental property maintenances and care can help avoid major problems that can significantly lessen a property’s worth. It is one of the key reasons why consulting a property management company in Orange County CA is essential.
  • Holding on to the best tenants – When a tenant inhabits a property, the landlord’s expectation is that they should take great care of the property. Ensuring that the property is damage-proof in every way possible not only safeguards steady rental payments and occupants, it also shapes goodwill and leads to a bright future.
  • Raise the worth of the property – Smart home property management in CA has resulted in the considerable rise of property values. This is because properly preserved properties are more favored over properties needing repair.

Most significantly, residential property management in Orange County CA guarantees that tenants’ rights are upheld and the contractual agreement is also not overlooked, ensuring that both the parties are satisfied during the period of occupation.

Goodman Management Team – Assisting Property Owners and Tenants with Great Efficiency

Goodman Management Team has carved out a name for itself in California’s property management industry. Making home property management in CA a relaxed task for landlords, a lot of the team’s achievements have been down to their resolute pursuit for safeguarding top-quality dealings for the customers, presenting excellent amenities at inexpensive rates. Operating presently in the cities of Orange County CA, in Orange, Yorba Linda, and Anaheim, Goodman Management Team has revolutionized the property management industry, setting a benchmark for similar businesses across the nation, displaying admirable levels of professionalism and dedication.

Tenants Rights in Orange County CA

by Gerry Goodman on

Tenants’ Rights that every Landlord should be aware of

Being one of the few states which invite people from all around the country, California has understandably adopted a rigid outlook on renting. Tenants’ rights in Orange County CA, for instance, constitute a matter that attracts a lot of curiosity and shockingly, a large number of court cases. Property owners and tenants can have their differences. When they fail to work things out, they end up battling in court. It is important for every tenant to know their right because the tenant-landlord dynamic is volatile and it regularly brings up queries about rights and duties.

An Overview of Tenants’ Rights in Orange County CA

Tenants have elementary legal rights that always exist, regardless of what the rental contract or agreement states. Here are some of the basic tenants’ rights that landlords in Orange County CA should also be aware of-

  • Restrictions on the amount of the security deposit that the property owner can ask the tenant to pay – According to basic housing rights for tenants in California, a property owner has no right to demand astronomical fees in the name of security. The amount should be mathematically justifiable and a one-time payment.
  • Restrictions on the property owner’s right to go into the rental unit – California law regarding tenants’ legal rights dictates that a property-owner can go into a rental unit only when
    • There is an emergency
    • In case the tenant has abandoned the rental unit
    • To conduct repairs or restorations
  • The tenant has the right to a refund of the security deposit which was discussed in the landlord-tenant lease agreement. A written book-keeping account of how it was utilized after the tenant moved-in should also be presented.
  • The right to take legal action against the property owner for violations such as discriminatory rental applicant screening processes or any other law mentioned in the rental agreement.
  • The tenant also preserves the right to overhaul serious shortcomings in the rental unit and to subtract certain reparation charges from the rent, after discussing the matter with the concerned leasing managers.
  • The right to refuse to pay rent under improper conditions such as if the property owner does not fix defects in the rental unit that disrupt the implied guarantee of habitability.
  • Fortification against discriminatory and retaliatory tenant eviction.

In case a landlord is not familiar with all the tenants’ rights in Orange County CA, it can lead to –

  • Lawsuits – There are several provisions in the laws which allow the tenant to file a lawsuit against the property owner. Compliance to each and every detail is crucial.
  • Fines and additional charges in case the landlord fails to send the listed statement, copies of statements or receipts, etc.
  • Risk of losing credibility as a property owner, and hence good tenants in the future. Not understanding tenants’ rights in Orange County CA is a red dot every landlord should look to avoid.

How Property Management Services Can Help

Certainly, there is a lot of effort that needs to be delved into this process. In order to avoid falling into legal hassles, a landlord should consult a professional property management services company in Orange County CA which can help in –

  • Negotiating fluid and profitable rental contracts.
  • Regularly collecting rent.
  • Keeping a strict track on tenant deposits and handling the same with efficiency.
  • Fulfilling federal, state and local regulations.
  • Responding to tenant requirements and finding a quick solution, averting the possibility of the matter being escalated to a claims court.

Most importantly, these professionals uphold tenants’ rights in Orange County CA whilst keeping a tight grip on the fine print of the contractual agreement so that filing grievances is a scenario that can be constantly avoided. Thus, both parties are satisfied.

Goodman Management Team – Raising Standards

Ever since its inception, Goodman Management Team has constantly performed as an important player in the property management trade. The team’s respect for upholding tenants’ rights in Orange County CA can only be outdone by its will to help the clients. Well-known for its long-lasting relations with all clients, the company nurtures the aim to ceaselessly help the landlords flourish. Delivering a good ROI has become a must for the team as it looks forward towards a lively future. Operative chiefly in Orange CA, Yorba Linda CA, Anaheim CA, and throughout Orange County CA, Goodman Management Team has been continuously setting the benchmark for property management companies in California.

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.

Home For Rent in Orange County CA

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.

Collecting Rent in Orange County CA

by Gerry Goodman on

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 Collecting 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.

Lease Management Services in Orange County CA

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.