Property Management – Van Nuys

 VAN NUYS PROPERTY MANAGEMENT

What are my responsibilities as the property owner?

• About the only responsibilities you’d have as a property owner once you hire a property manager are to make the mortgage, property tax and insurance payments. Even so, some property management companies would do that for you (for a price). But, of course, those payments would remain your responsibility. If the property manager didn’t make them, the excuse that “he was supposed to pay you but didn’t” wouldn’t work very well.

  Of course, you always have the ultimate responsibility for the maintenance and repair of the property, even with a property manager. You certainly wouldn’t want to leave the responsibility totally in his or her hands. Two things could happen, neither good. One, he or she might not take as good care of the property as you would prefer, thus driving down your rents and creating deferred maintenance, both costing you more money in the future than they would if they had been taken care of in a timely manner. Two, your property manager might spend too much on repairs and maintenance, thus eating into your profits.

  You could also undertake some responsibilities, depending on how much you wanted or were able to do. For example, you could approve tenants. And that is something you might definitely want to consider. I hear horror stories occasionally about property managers not being as careful as they should in selecting tenants, partly because of their fee structure (more about that later). One way to combat that is to create for the property manager a list of rental criteria (possibly even with his or her help and consultation on what is reasonable for the property and the area). Then you could make the final selection from those who met the criteria.

  That involves a much longer and more complicated procedure than I am explaining here, and has many considerations regarding the Fair Housing Law. However, your property manager should be well versed in Fair Housing compliance. If he or she is not, find another property manager in a hurry: it could be a lawsuit waiting to happen

  Your responsibilities would also include approving any repairs or capital improvements over an agreed-upon amount. Obviously the property manager should not have to call you to approve having someone fix a running toilet or broken window, but should get your approval for an exterior paint job, a new roof, new carpeting and such.

  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.