Blog Post

Do I Need a Property Management Company?

Dustin Edwards • Dec 21, 2022

How A Property Management Company Helps You

It's common for this question to come up, especially for new landlords. To save money, new property investors may manage their properties themselves. Occasionally this works out for them, but it depends on the individual and their goals.


Today we’ll go over why having a property management company can be an asset to your bottom line.


When should you Hire a Property Management Company?

Although it would be ideal to hire a property management company as soon as you’re ready to rent out a rental property, not everybody is in a position to be able to do so. If you cannot afford a quality property management company, you may need to economize before investing in one.


Many times if you only own a single-family home and live near your rental property, it’s not too difficult to make a trip and see what the tenant may need. However, if you have lots of properties or many units, more time will be required to manage them all.


How Much Do You Value Your Time?

It's common for landlords that enjoy being hands-on to manage their property. This will ensure everything is to their specifications and quality control. But time is a resource we often need more of in a day. Time is money, and the time you allot to managing your property is time you could otherwise spend growing your own business, expanding your real estate portfolio, or spending more time with friends and family.


Managing a rental property takes time, from deposing the collected rent to finding a tradesman to repair your rental after a tenant moves out. If you realize at some point, you need more time to manage your rental. You’ll likely not be able to maximize your profits. A property management company may feel like an investment of money, but more so, it's a way to allocate more time to your day.


How Many Resources Do You Have?

Owning an investment property will require more than collecting the tenant’s rent. There is always maintenance to perform, and even if you, yourself, are handy, there will come a time when you’ll need to be able to find high-quality tradesmen. A high-quality property management company will have plumbers, painters, electricians, and gardeners ready quickly. Finding reliable tradesmen to deal with maintenance and repairs is difficult.

Depending on the time of year, unless you’re first in line, there will likely be a delay before the tradesmen arrive.


With delays comes more time that a rental will remain vacant. A property management company can also help fill in vacancies after repairs and maintenance. High-quality property management companies can put your rental into the most popular rental site, and often they’ll have a list of screened tenants waiting for availability.


Many landlords hate to think about it, but it's invaluable to have someone who knows your county and state laws. California has some of the most strict landlord-tenant rules. A property management company will have the resources to handle evictions, collections, and security deposit disposition.


Deciding on whether or not you need to hire a property management company can feel overwhelming at first. But once you realize the freedom, it can provide you. You won't be disappointed. If you are interested in Beach City Management as your property management company or would like more details about our services, consider calling us at (562) 888-0247, or feel free to fill out our
free rental analysis to see what your rental could yield today.


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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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