What to Consider When Looking for a Property Management Company?

by Gerry Goodman on

Are you a commercial or residential property owner in Anaheim, California? Are you looking to rent out your property? If the answer is yes to both of these questions, you may want to consider looking for a property management company. Sure, you may want to keep the rental under your wing and it may seem simpler to just manage your property yourself.  However, it may help you to first take a look at all of the multilayered components regarding property management, and what to consider when looking for a property management company?

What will a Property Management Company Provide?

Anaheim is a thriving place to live. With picture perfect weather and an alluring city life, it is no wonder rental property is in demand. Allowing experts to guide you through the process of becoming a landlord will avoid time-consuming efforts, possible legal entanglements and much more. Let’s start with the basics; accurate rental fees. A property management company will work with you to construct fees appropriate for your individual property. Then comes putting the property on the market and screening possible tenants. It is essential to the value of your property and the value of your time, that you have professional help when getting started with these processes. Performing background checks on tenants and sifting through the applicants can be a tedious job, and you want to make sure whoever is living in your property is trustworthy and responsible.

Then comes tenant move in. Your property management company will aid you in drawing lease agreements, ensuring the condition of the property before the tenants move in, and going over guidelines of all the said agreements. As the experts in property management are knowledgeable on all of the layers of real estate laws, it is this process that could lay the foundation for preventing any legal issues in the future and protecting your rights.

Rent collection, inspections, evictions, maintenance etc. These are all things you will need to consider when looking for a qualified property management company. So it is imperative that you go with a company that works for you, is reputable and trustworthy. A good company will enhance the value of your property and guide you through the entire real estate process seamlessly. The goal is to ensure the rights of you, as a landlord, your tenants, and also make sure every legal obligation is being met. Without a committed property management team on your side, it may end up causing you a lot of time, money and stress.

A Property Management Company will save you Money

The old saying is true; “time is money.” With all of the aspects of property management, responsibilities will be coming at you from every angle, and they can be extremely time to consume. You must be 100% comprehensive regarding real estate laws, tenant right, building codes, a consistent upholding of your lease agreements, on top of maintenance issues and up to date with finances. The list is unraveling and ever growing. Having a trustworthy property management company working for you will keep this consistency flowing. Rest easy knowing that experts are on top of every aspect of property ownership and management.

Maintenance can be one of the more costly aspects of renting out a property. Depending on what type of residence you are renting out (condo, apartment, house etc.) the maintenance issues can range from detrimentally huge (a boiler going) to something as minor as a toilet overflowing. But at the end of the day, the labor and parts cost MONEY. And now you need to do research on reasonable and trustworthy maintenance services. Wouldn’t it be fabulous to have a management company at your disposal, fully equipped with their own team of electricians, plumbers etc., that are ready to be dispatched to your property when you need it? At the same time, cutting costs significantly? Let’s face it, plumbers are expensive. Electricians need parts. If you consider hiring a property management company, consider one with this approach. An agency that won’t randomly dispatch a local plumber to your residence and stick you with the monstrous bill. Such a company exists, and they want to help cut your costs and boost the value of your property.

THE EXPERTS ARE HERE

Goodman Management Team has been guiding property owners like yourself for decades. The mission is to be a reputable and trustworthy entity, dedicated to guiding property owners through the intricacies of the law and the complexities of rental obligations. Hiring a property management company may be the best business decision you make, and will save you money, precious time and a lot of possible stress.

Written by: Gerry Goodman