New Year, Now Time to Evaluate Your Rental Property Opportunity
Dustin Edwards • January 1, 2021
Each New Year Represents a Great Time to Evaluate Your Portfolio

With the New Year upon us now is the time that many are evaluating their lifestyles. For many that means a new diet or exercise program and for others that means focusing on one’s finances. For those that have rental property in Long Beach, Lakewood, or nearby cities there is no time like the present to evaluate what is possible with your rental portfolio. That means whether you have a single rental property or you have a number of rentals it is important to take account of how you are making the most from your investments.
To help maximize your investments in your rental portfolio we invite you to consider the following areas for evaluation:
How Does Your Current Rental Amount Compare to the Market Rates?
One of the biggest ways you can impact the yield on your investment is through the monthly rental amount. Take time to compare your rental to other rentals that are available in the marketplace. As you compare your rental we invite you to be critical of the condition of your property, amenities/features offered of other properties in comparison to yours, and consider how long your tenant has been in place.
Even if your evaluation determines that your property might be worth a substantial increase in rent you might choose to raise by a more modest amount to keep your existing tenant in place.
Note: Make sure to consult your property management company and/or a real estate attorney to understand if it is possible to raise the rent given local restrictions. Economic crisis conditions such as COVID-19 and/or ordinances such as rent control can limit or even prevent you from raising the rental rate.
Condition of Your Rental Property
If your rental property is in Long Beach it could have been built anywhere from the early 1900’s to the 1940’s, 1960’s or even much newer. Regardless of when it was built, when is the last time that you updated it? While there are items that certainly have lifespans (i.e. heating units, plumbing, etc.) there are also aspects of your home that can go out of style (i.e. think of cabinets, paint styles, etc.). Attracting and retaining great tenants means taking the time to update your property with current trends. This doesn’t mean you have to be cutting edge, but if you have a busted tile countertop and old appliances it may be time to make some updates.
Expand an Existing Property with an ADU/ADUs
An Accessory Dwelling Unit (ADU) has long been associated with adding an additional living structure to a residential property, but an ADU (or even plural ADUs) can be added to a residential income property as well. With building costs generally in the $250-$300 per sq ft range and home values in the $500+ per sq ft range you have an opportunity to add value to your property as well as increase your monthly rental income. Evaluate your rental portfolio to see if developing an ADU
is an aspect that is right for your goals.
Purchase a New Income Property
Mortgage rates are at historic lows and rents have remained strong in Southern California. If you haven’t purchased a new rental property in a number of years now may be your best opportunity to grow your portfolio. While purchasing a rental property in Long Beach can require more than 20% down to make it cash flow positive if you also add an ADU/ADUs to the property you could be in the best possible position to have positive cash flow in your first year of ownership.
When it comes to achieving your goals with your rental portfolio in Long Beach there are many items to consider. We invite you to call us today at (562) 888-0247 to find out more. Or if you prefer a complete evaluation of your property we invite you to fill out our Free Rental Analysis.
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One of the most important steps in successful rental property management is tenant screening. While marketing attracts applicants and leasing fills vacancies, the screening process determines whether a tenant will be reliable, respectful of the property, and consistent with rent payments. For Long Beach property owners, proper tenant screening can mean the difference between stable rental income and ongoing management problems. Professional property management companies in Long Beach use structured screening procedures to evaluate applicants carefully while remaining compliant with fair housing regulations. A strong screening process protects your property, your income, and your long-term investment. Why Tenant Screening Matters Tenant screening is designed to reduce risk before a lease is signed by evaluating applicant reliability. When landlords skip or rush this process, they increase the likelihood of avoidable issues. These may include late or missed rent payments , lease violations, or property damage. Additional risks include neighbor complaints and costly eviction proceedings. Replacing a problematic tenant can be expensive and time-consuming. Between lost rent, repairs, and vacancy periods , a single bad tenant placement can cost thousands of dollars. Professional rental property management prioritizes careful screening because prevention is far easier than resolving problems later. The Tenant Application Process The screening process begins with a rental application. A thorough application collects information needed to evaluate whether an applicant meets the property's rental criteria . Applications typically request: Personal identification information Employment and income details Rental history References from previous landlords Authorization for credit and background checks Property managers review this information to ensure the applicant meets established qualification standards. Consistency is critical; property management companies in Long Beach must evaluate applicants using the same criteria to remain compliant with fair housing laws. Credit History Evaluation Credit history is one of the most common factors considered during tenant screening because it reflects financial reliability. A credit report provides insight into an applicant's behavior over time. This includes payment history, outstanding debts, and collections accounts. It also shows credit utilization, which helps assess overall risk. While a credit score alone does not determine whether someone will be a good tenant, it helps identify patterns of financial responsibility. Professional Long Beach property management services evaluate credit reports carefully while also considering income stability and rental history. Some applicants with lower credit scores may still qualify if they demonstrate strong income and a reliable rental record. Income Verification and Affordability One of the most important indicators of whether a tenant can consistently pay rent is income stability. Property managers verify income to ensure that applicants can reasonably afford the monthly rent. A common guideline is that tenants should earn at least two-and-a-half to three times the monthly rent in gross income. Income verification may include reviewing: Recent pay stubs Employment verification Bank statements Tax returns for self-employed applicants This step helps ensure the tenant's financial situation supports consistent rent payments. Professional property management uses income verification to reduce the risk of late rent or financial hardship. Rental History and Previous Landlord References Past rental behavior is often one of the best indicators of future tenant behavior. Property managers typically contact previous landlords to verify information such as: Payment history Lease compliance Property condition upon move-out Whether the landlord would rent to the tenant again A strong rental history suggests the applicant understands tenant responsibilities and has demonstrated reliability in the past. Experienced property managers in Long Beach California pay close attention to rental history because it can reveal patterns that credit reports alone may not show. Background Screening and Compliance Background screening may also be part of the tenant evaluation process. This can include criminal history checks conducted in compliance with fair housing regulations. It is important that background screening is performed consistently and in accordance with local and state laws. California and many cities have regulations governing how criminal records can be considered in rental decisions. Professional property management companies in Long Beach stay current on these regulations to ensure that screening practices remain compliant. This protects property owners from potential legal risks related to discriminatory screening practices. Establishing Clear Rental Criteria Before screening applicants, property managers establish clear rental criteria. These criteria outline the minimum standards applicants must meet to qualify for the property. Typical criteria may address: Minimum income requirements Credit history expectations Rental history standards Occupancy limits By establishing criteria in advance, property managers ensure that all applicants are evaluated fairly and consistently. Clear criteria also help set expectations for applicants and streamline the approval process. The Importance of Fair Housing Compliance Tenant screening must always comply with federal, state, and local fair housing laws . Landlords cannot discriminate based on protected characteristics such as race, religion, national origin, disability, familial status, gender, sexual orientation, or other protected categories under California law. Professional property management in Long Beach California includes careful adherence to fair housing regulations throughout the screening process. Consistent procedures help ensure compliance while protecting property owners from legal exposure. Why Professional Tenant Screening Matters Tenant screening requires experience, attention to detail, and knowledge of legal guidelines. Many landlords underestimate how complex the process can be. Evaluating applications while maintaining compliance with fair housing laws and local regulations requires careful procedures. A property management company in Long Beach brings established systems and experience to the screening process. This helps property owners avoid common mistakes while improving the chances of placing the best tenants for their rental . When screening is handled professionally, landlords can feel more confident that their rental property is in good hands. The Long-Term Value of Careful Tenant Placement A good tenant can make rental ownership significantly easier. Responsible tenants pay rent on time, maintain the property, and communicate effectively when maintenance issues arise. Careful screening increases the likelihood of finding tenants who will remain in the property long-term. Long-term tenants reduce turnover costs , minimize vacancy periods, and create more stable rental income. Professional property management companies understand that tenant placement is one of the most important decisions in the entire rental process. How Beach Cities Management Screens Tenants At Beach Cities Management, our rental property management in Long Beach includes a structured tenant screening process designed to protect both property owners and tenants. Our screening procedures include: Comprehensive rental applications Credit and income verification Rental history checks Fair housing compliant evaluation standards Our goal is to place qualified tenants who will respect the property and maintain consistent rent payments. Ready for Professional Tenant Screening and Leasing? If you want help leasing and managing your rental property, professional Long Beach property management can simplify the process and reduce risk. Apply today through our **Owner Application** . Let Beach Cities Management handle tenant screening, leasing, and property management so you can focus on building long-term investment success.




