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Phone: 818-889-4426
Local to Ventura and Los
Angeles Counties, consultation services Nationwide Professionally managed Associations often have a false sense of security, expecting the Management Company to think outside of their contractual obligations. Property Managers are given as many Associations as they can possibly handle to insure profitability for the Management Company and typically have no time to look at things that are not in the job description. Again, I will provide numerous examples of Associations that I have managed which have implemented ideas that proved very beneficial but had been overlooked by the hired professional. Managers simply don’t have the time to provide the luxury of looking at new ideas that are more efficient as well as cost effective, they just keep doing things as they have always been done in the past. It’s amazing what a fresh approach can find to benefit the Association if things are examined carefully, I can guarantee improvements.
Residential rentals can be fairly easy to self-manage if you know the best methods. However, it’s tougher now than it was before the law changed last year requiring Landlords to provide a 60 day notice to vacate if the tenant has been living there for a year or longer. Since the most the Owner can charge for a security deposit is the equivalent of two months rent for an unfurnished rental, invariably the tenants stop paying rent and there is no deposit left when they vacate. Therefore, it’s more critical than ever to screen the prospective tenant and there are ways to greatly increase your odds of finding a good one. If you are inclined to save money and manage your rental(s) yourself, I will gladly provide you with the forms and knowledge that will best protect your investment. I have learned many simple concepts after handling hundreds of leases that allow anyone to handle their rental in the safest, most effective means.
You will learn how to get the most exposure for your advertising costs, how to show the property with a minimum of time and interruption, what checks to run before deciding, how to follow up on the application information, etc., etc. I wish that I had consulted with an experienced expert before starting my rental work, I learned many avoidable expensive lessons. Also, a Real Estate license is required to manage certain amounts and types of rentals and Landlords want to avoid problems with the Department of Real Estate if possible. Lastly, if the situation is bad with your tenants, eviction is not always the most cost effective means of cutting your loses.
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