Blog Post

3 Must-Have Services From Property Managers

Dustin Edwards • Jan 25, 2024

Many owners attempt to manage their property when starting their real estate careers. Many owners can reliably work on one or two rental properties. Although others realize they may need a hand from time to time. Remember that property managers should be seen as an investment, not a cost. Hiring a property management company should give you the freedom to invest further in real estate and add to your portfolio or spend time with family or friends. 


Property management companies offer a vast number of
services. In today's article, we’ll go over three must-have services you need from property management companies.


Tenant Screening

A reliable property management company should be able to conduct a thorough tenant screening. This is important as an underqualified tenant can significantly affect your overall income. They should provide a comprehensive screening that checks their background, credit, and rental history.


You must screen your tenant to avoid unnecessary risks to your rental property and bottom line. Checking for credit can ensure the prospect earns enough to afford rent. Reviewing their background can reduce the chances of complaints from neighbors. Evaluating their rental history can reduce the probability of property damage to your rental property.


Screening potential tenants can improve the chance of finding the ideal tenant. A tenant who pays on time respects the lease and could live in your rental for long periods. A full-service
property management company should be able to increase your chances of finding the ideal tenant.


Marketing and Advertising

Vacancies cost owners far more than just the lack of income from rent. Each time a unit becomes vacant, you need to prepare the rental for marketing and viewings. This means you need to invest in repairing every blemish that can affect the property’s curb appeal.


A full-service property management company should be able to employ effective marketing strategies and attract prospective tenants. This means they must create a compelling property listing, including several professional-quality photos and a virtual tour. 


It's important for a property manager to understand the audience they’re marketing your rental property to. For example, the majority of potential tenants are millennials. They are between their mid-twenties and early forties. It's also known that many of them use their phones prominently when searching for a rental. A property management company should be aware of this and adjust its strategies to target them better.


Monthly Statements and Reports

Communication with owners is crucial. Property managers need to maintain transparent and regular communication with the property owners. This includes providing regular reports and statements to keep you updated on tenant issues, property maintenance, and financial matters. 


While at a glance, this may not seem as important as collecting rent or managing repairs, many of those services are to be expected from a property management company. Property management reports, however, can be used by landlords to assess the rental property’s day-to-day needs and keep track of costs accrued within the month. Property management reports also describe how well the property is performing to the owners. The data in these reports help owners adjust their budgets accordingly and make future financial decisions about the property.


Hiring a property management company can seem like a significant undertaking. Though this doesn't have to be the case, if you are in need of a hand managing your property or are thinking of switching to a new property manager, we invite you to call us today at (562) 888-0247 or fill out our
Owner Application online.

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By Dustin Edwards 01 May, 2024
Everyone wants to feel safe in their homes. As an investment property owner, it's up to you to decide whether or not to include security measures in your property. Many of the costs associated with the security measures can be included in the rent, meaning not only can you keep your property safe, but you can earn more income in the long run. However, you would still want your tenants to have renters insurance to protect their assets. Today, we’ll discuss the top five security measures you can add to your property and why they're beneficial to you and your tenant. Security Cameras Cameras are probably one of the first security measures people think about when asked about security. Cameras provide more benefits than just surveillance. They provide an extra level of security for the safety of the tenants and their belongings. Additionally, security cameras can be useful when repairs are required. Cameras can aid in supervising repairs and maintenance to ensure you’re receiving the agreed-upon work. During vacancies when the property is empty, security cameras can help keep the property safe from potential intruders. Doorbell cameras are incredibly popular now. They provide the aforementioned safety of a camera that can be accessed remotely, as well as the ability to communicate with visitors. Although one must be careful never to say you're not home, just say you're unavailable to strangers. Security Lights Security lights with motion detectors are another effective tool when adding security measures to your property. These lights brightly if a potential intruder attempts to get near your home. They can provide enough illumination to see the intruder or, at the very least, scare them off. Nowadays, you can find a combination of security cameras and motion-activated security lights, such as the floodlight cam wired plus from Ring . Additionally, because these lights only turn on when motion is detected, they’re more cost-effective than traditional lights with a switch. Illuminate the Property Light generally deters intruders as it's more difficult to hide. Adding lighting to the landscaping can increase the security of the property while creating a relaxing atmosphere. Lights can also be used in other areas of the property to accent features such as trees, benches, or artwork. This can help your property stand out while giving your tenants an additional feeling of safety. Keyless Entry Keyless entry is seen as both a convenience feature and a security feature. They usually use an electronic passcode, biometric data, or grant access through a smartphone app. Physical keys can be lost, stolen, or duplicated. You reduce the risk of unauthorized entry by eliminating the need for a physical key to enter the property. Many keyless entry systems include several features, such as remote locking and monitoring. Although keyless entry is a great new technology for keeping your tenants and properties safe, they’re best used with other security systems. Security Company Nothing beats having an extra pair of eyes on your property for security. This is where security companies like ADT and SimpliSafe come in. While companies may deal with security in varying ways, they aim to protect your investment. While safety is the primary role of a security company, remember that many tenants may be willing to pay more for a premium amenity like a home security company. Keeping your property and tenants safe is incredibly important to the longevity of an investment property. If you’re looking to improve the security of your Long Beach rental property or need help managing your beach city rental property, we invite you to call us today at (562) 888-0247 or fill out our Owner Application online .
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