Van Nuys Property Management

 PROPERTY MANAGEMENT VAN NUYS

ENCINO PROPERTY MANAGEMENT

GRANADA HILLS PROPERTY MANAGEMENT

What does a property management company do?

A property management company is responsible for maximizing the return on real estate investments. The company acts in the best interests of the property owner. They maintain the property and keep it occupied. Not only that, but they also collect rent and store records. There are four areas that a property owner should expect in return for their expenses. These areas include: marketing, occupancy, facility and administration.

The property manager must have knowledge about the real estate market. They need to know about competitive rental properties. Since they are responsible for marketing the home, they need to use special promotions and advertising strategies. Good property managers will maximize occupancy and rental rates. The manager is an expert when it comes to operating expenses and budgets. They use the current market to set an appropriate rental rate. The manager will have experience with financial statements and income taxes. All of their financial information is reported back to the property owner.

Once the property management company finds a tenant, they must work to keep the place occupied. The management company takes care of tenant requests. If a resident has a problem, the management company attempts to fix the issue. Besides that, they also monitor lease requirements and collect rent. If a tenant is not paying their rent, the management company takes care of the eviction process. They even assess satisfaction with the property’s amenities. The manager can find out if competing rental properties have better facilities.

When dealing with facility management, the property manager must maintain the structure of the building. If there is an electrical issue, the manager will hire an electrician. The management company is required to monitor the quality of repairs. They have a budget with specific expenditures that they are required to follow. Along with that, the manager must also maintain outdoor areas. For instance, they will hire a gardener to take care of the plants. A building that has been cared for has a better tenant retention rate.

The final thing that a property management company must do involves administration work. They are required to keep records of everything that takes place. They must keep meticulous records for accounting and tax purposes. This is also essential for liability reasons. All tenant interactions must be recorded by the manager. In fact, many states have specific real estate property laws for the management company to follow.

By Dustin Holbrook

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.