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Property Management – Granada Hills – Four Essential Things to Know

GRANADA HILLS PROPERTY MANAGEMENT

Choosing a Quality Rental Property Manager: Four Essential Things to Know

For anyone considering investing in rental real estate, the selection of a reputable property maintenance service is essential to the success of your investment.

This article explains four of the most important factors to look for when you are selecting a residential management company.

1. Choose Local: Find a company that knows your local market intimately. Choosing a local operator ensures your property manager will be able to quickly attract tenants because they know what prospective tenants in your highlight to get the property tenanted quickly.

Minimising the down time when your property is vacant is key to a successful rental investment.

Property managers who know your community can make recommendations you can trust and act on with confidence. This is a win/win situation for the property management business, potential tenants and you, as the owner.

2. Technology Support: Find a rental manager that successfully manages properties using professional property management software. When the company uses efficient, industry specific software, billing, maintenance and repairs are duly recorded. As a client, you should be able to contact your rental managers online to find out exactly where your investment is at, whenever it suits you.

3. Transparent Financial Management Processes: Reliable financial management of your residential investment is one of the most important aspects of your rental income, and a key reason for employing a reputable company.

Rental payments should be moved from the business trust account to your account in a regular timely fashion.

This ensures you are maximising the return on your rental income, rather than funds sitting in the bank account of your property manager, potentially gathering interest. It is also important to find a company with staff who are trained in accounting principles so the financial aspects is handled with complete accuracy and integrity.

4. Choose Experience and Good Reputation: When you are selecting a rental manager, make sure you ask about their previous management experience and request at least three references from current or previous landlords and/or tenants.

Your chosen company will be responsible for your entire property investment, and you need to make sure they are well equipped to do so.

Ensure they have good customer service and communication skills, because they are the people who will find suitable tenants and keep your tenants happy for as long as possible after the lease is signed.

Tenants who are unhappy with the property manager as your representative will not only move on somewhere else, but also talk about their negative experiences with everyone they know.

By Karen Ann Brown

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.