Property Management-Chatsworth

There are some similarities between landlords and property managers, but a significant difference is ownership in a property. Landlords own property while property managers are hired by property owners to supervise and manage properties. The manager gets paid for the service he provides the landlord, either a flat fee or a percentage of the rents he collects. A landlord doesn’t get paid a salary and will only make money off his rentals if they are profitable.

Some landlords like the idea of owning rental properties and the income they provide but are ineffective in managing their rental business. It could be that they don’t have time to deal with the demands of upkeep for the properties or are uncomfortable dealing with tenants, whether it’s collecting rent or responding in a timely manner to repairs and complaints. A property manager takes on the landlord’s responsibilities, many times adding an element of professionalism to the landlord-tenant relationship that may be missing.

Property managers are expert middlemen. They represent the landlord when dealing with prospective and current tenants. Through a formal agreement with the landlord, property managers know what their responsibilities are and how much authority they have in overseeing the landlords’ properties. If an issue arises that surpasses their authority or responsibility, property managers relay tenants’ requests and concerns to the landlord and act on the landlord’s directives.

When a landlord hires a property manager, the manager takes on the majority of the landlord’s responsibilities. This is typically everything from advertising vacant units for rent to showing properties, taking applications from prospective renters and running credit checks on them. Property managers are responsible for collecting rents, subcontracting out repairs as needed, evicting tenants who don’t pay their rent and paying utilities on the properties. A property manager also provides the landlord with a monthly profit and loss statement as well as a check for the rents collected, less expenses and the manager’s fee.

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.