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Northridge – Property Management – What Makes a Good Property Manager?

PROPERTY MANAGEMENT NORTHRIDGE

What Makes a Good Property Manager?

You hear reports of people earning monthly income from their myriad of rental properties and you hope to be part of this seemingly lucrative moneymaking venture. Who wouldn’t mind passive income like this, where you don’t really need to do much and you can already expect income on a regular basis?

However, what is not being mentioned by economy gurus is that such an income is not as passive as one would think. One of the things required for this industry to generate you the maximum profits you can expect from it is that somebody has to oversee the property to make sure that the condition of your house does not deteriorate in a faster speed as usual. There is that sad reality that other people don’t value property as much as you do and will not take care of it in the way you’d expect. Given this reason and others, the task of managing the property will surely be a big one, so if you feel you don’t have the time or the capacity to do this, hiring professionals is the safest and best alternative option. Here are some features of good property managers:

1. Experience in the Area
You don’t learn real management from a classroom, so to know if a particular team is good in property management, check out how long they’ve been in the business. Another indicator that tells you they’re good at what they do is the number of clients they’ve been servicing. You can also check out the number of years these people have been with them-a determining factor of customer satisfaction.

2. Has Connections to Trusted Tradespeople
House maintenance always requires some kind of repair or other at any given time, so good managers will have access to reliable carpenters, plumbers, electricians, and/or gas men, just in case something happens in your property that would need to be looked at and repaired. In this way, such minor problems need not reach your ears anymore because your hired managers can already sort them out by themselves. Of course, management of property comes in various levels, and this kind of management is a more comprehensive form, so expect a more expensive charge for such services.

3. Have 24/7 Access for Certain Property-Related Concerns
Not all property owners live in the same area as their rental property, so it would be good if your hired managers have a website, an email address, and contact numbers you can easily reach in case you would need to coordinate with them from where you are. Since you are not physically there, it would be virtually impossible to run whenever there’s something you’d want to have done with regards to the property, so having reliable managers will definitely take a great load off your chest.

Think of it this way: these people are supposed to stand in for you in case you are not able to help the tenants yourself. When assessing potential managers, make sure you see yourself in them, and that should make them worth hiring.

By Ben Wall

Since 1946 the Carnahan name has had a reputation for honest and ethical Real Estate Property Management services in the San Fernando Valley, Santa Clarita Valley, Burbank/Glendale, Los Angeles, Westside and Conejo Valley areas.

The reason for our success is helping owners like you when they need it. Below is a partial list of property management services we provide to help you protect your real estate investment.