Property Management – Northridge

NORTHRIDGE PROPERTY MANAGEMENT

Responsibilities That a Property Manager Should Understand

Who is a Property Manager?

The manager is the point of contact between the property owner and the tenants who have occupied the property. It is the liability of a manger to ensure that the property is rented to its full capacity and appropriately maintained up to the satisfaction of the tenant. Different types of properties that can be handled by a manager on behalf of the property owners can be divided into five categories- Residential, Association, Multi-Family, Resort, or Commercial.

Responsibilities of a Property Manager

The responsibilities of a Property manager dealing in property management usually consists of handling tenant issues, maintenance of property, property repairs, making properties available for renting, creating strategies for marketing properties that are available for rent, and creating lease agreements between the tenant and the owner. The property manager may often work as a rent collector when the tenant did not pay on time and informs the property owner about the current status of the property, or delegating the tasks to third party vendors as per the suggestion of the owners.

As per the contractual agreement between the owner and the Property Manager, he can also outsource the property maintenance responsibility to some third party and simply acts as a middle man between the owner and the vendor taking care of maintenance work of the given property. This may include zeroing in to the finally approved property service vendor that are reliable and that would charge a competitive rate for their services. This is one of the most crucial competencies of the property manager to be able to protect the investment done on the property by the owner by warding off any other costs that may be mitigated.

Responsibility of the Owner

Some of the most critical ones include, getting the property occupied by letting it out to the tenants. To maximize the ROI to the property owners of the property, the manager should always be on the lookout for a high degree of tenant occupancy. This enables him to keep the properties on rental instead of sitting vacant for prolonged periods of time avoiding any chances of losing any revenue generating opportunity, which is detrimental for the owner.

A professional comparison analysis can be conducted by collecting similar data on all competing properties in the given locality. The objective of this evaluation is to realize the physical distinctions in the owner property and that of the competitors and also to ascertain the valuation of each feature to make required adjustments to the rental rate of the owner’s properties.

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.

• Tenant placement
• Tenant screening (including: credit check, landlord and employment verification, social security trace report, California eviction check and criminal check)
• Regular property inspections
• Accounting and landlord bill payment
• Monthly financial reporting
• Maintenance service and supervision (we use only proven independent vendors)
• Collections
• Evictions
• We supply all the necessary forms to meet California’s Landlord/Tenant laws
• 24 hour emergency phone service
• Advertising to the broadest tenant base possible

Call or e-mail us today for more information. We’re ready to get started!

• 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 service your area.