Blog Post

What Does A Full Service Property Management Company Do?

Dustin Edwards • Oct 30, 2022

Always Be Aware of What A Property Management Company Provides

New landlords often attempt to manage their own properties to save money, and this is a good idea for some. Though many others can easily become overwhelmed by the duties involved with managing a Long Beach rental property. A full service property management company should be able to deal with your rental property and provide peace of mind.


As we come towards the end of the year, it's a good time to evaluate your property management company to see if they are fulfilling what a full service property management company should do. Below is a list of important responsibilities that any full service property management company should be able to fulfill.


Moratorium

In an attempt to provide relief for families unable to financially cope with the pandemic, the federal government implemented a rental moratorium. A moratorium is essentially the government authorizing a period of delay for rent. Although federally the moratorium was set to expire in 2020, Los Angeles county decided to extend the rent moratorium until June 30, 2023.


A full service property management company should be able to know if your property is being affected by the current moratorium. They should also be able to tell you whether or not the laws are changing around it when asked.


Maximum Raise Amount

The state of California has some of the most strict laws to protect tenants. This includes the amount of rent a landlord can raise. These laws can be different depending on state and county guidelines. Navigating these laws is something to be expected from a good property management company.


A full service property management company's goal should be making sure you are earning consistent income month in and month out. Therefore, they should be able to give you that information for each property you may have.


Competition

Understanding your local rental competition is important to your bottom line. Just because a rental unit has a high estimated value, doesn’t necessarily mean you should aim for the highest amount of rent. Similar homes in your area dictate how much a tenant is willing to pay for your Long Beach rental. Vacancies in your rental properties means you’re not earning any income.

A full service property management company will be able to check the rental amount for units similar to yours, and compare that price to the local competition to be able to give a competitive rental offer. You can also check rentometer.com to see how your property compares.


Tenant Quality

Quickly filling a vacancy may be impressive, but is the vacancy being filled by a quality tenant that will respect the lease. Full service property management companies should have a tenant vetting application as well as a number of approved applicants looking to move to your rental property.


A full service property management company should also be able to understand when you do have a quality tenant, as it's easier to keep a good tenant than to find another one. You can show your
tenant appreciation with small gestures. Such as rewarding them with modest rental increases instead of the maximum allowed amount.


Vacancies

As previously stated, vacancies in your Long Beach rental property means there is no income from that property. Full service property management companies should be able to fill vacancies with quality tenants efficiently. Meaning they should be able to not only take care of advertising and vetting potential tenants, but they should be able to clean, fix and maintain a unit to minimize its downtime.


Full service property management companies should be able to give you peace of mind and the freedom to focus on your personal life. If you are looking for a quality full service property management company or if you require any further information on the services they provide call 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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