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Property Management – West Hills

West Hills Property Management

Should I Hire a Property Manager?

It’s often difficult for new landlords to decide whether or not to hire a property manager to help them fill vacancies, manage tenant relationships, and maintain their rental property. Many assume that hiring someone to manage their rental property will cost a lot of money, which is especially unattractive to those who have become landlords through circumstances such as not being able to sell their home.

In reality, though, hiring a property manager can actually not only save you time, but money as well. While they generally only charge 8-15% of your monthly rent in exchange for their services (which amounts to $96.00-180.00 on a $1200/month rental, for example), hiring a management company allows you to delegate all the work association with owning a rental.

Tasks that property management companies typically handle include:

Finding and screening tenants
Drawing up lease agreements
Collecting rent
Property maintenance, including the hiring and supervising of outside contractors as needed
Emergency response
Conducting periodic property inspections
Handling lease violations/evictions as needed
Accounting
Preparing annual tax statements

If all of that sounds like a lot of work, that’s because it is. If you choose to manage your own rental property, plan to set aside at least 10-12 hours a month to devote to these tasks, keeping in mind that you’ll essentially be “on call” to deal with some of these things as they arise, as opposed to being able to take care of them when it’s convenient for you.

Carnahan Property Management services Woodland Hills,West Hills, Calabasas, Canoga Park, Tarzana, Reseda, Topanga, Encino, Northridge, Van Nuys,North Hills,Chatsworth, Sherman Oaks, Studio City, North Hollywood, West Hollywood, San Fernando Valley, Granada Hills, Mission Hills, Simi Valley, West Lake Village, Agoura,Toluca Lake, Valley Village, Burbank. Call us at (818) 884-1500 and check if we can serve your area.