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What Does it Mean to be the "Best" Property Management Company?

Dustin Edwards • Mar 09, 2023

Property Management Companies Can Vary In Quality

Managing multiple investment properties can become burdensome, especially when you own various locations subject to different rules and laws. Hiring a property management company can provide the necessary resources to take care of your property’s upkeep, and tenant occupancy allows your property to remain profitable. 


Ideally, you’ll want to hire the “Best” property management company, though this can be subjective. Below are a few items to consider when looking for the “best” property management company.


Personalized Service

One of the best examples of a good property management company is how personalized its services are. Many companies will sell you service packages that only fulfill the minimum amount of work as described in their agreement. In contrast, the best property management companies will tailor their services to your needs. They should understand your availability and communicate accordingly. The communication style can be tailored to your needs through calls, texts, or emails. They should make you feel as though you are a priority client. Even if you’re new to real estate or are expanding your portfolio, you should feel important.


Occupancy

You should ask property management companies about essential items about occupancy. Questions like how long are your properties vacant or what is the average tenure of their tenants provide important information about the property management company. Vacancies can be a severe problem for owners, directly affecting their bottom line. 


Great property management companies should be able to inspect, repair and fill vacancies efficiently and quickly. You should ask about the method they use to market the vacancy and their vetting process for new tenant applicants.


Value of the Rentals

Good property management companies should be able to disclose the average rent increase they get for the owners. Raising rent is one of the key ways to steadily increase your bottom line. You should ask about their average rent value and how they analyze yearly prices to ensure optimized income. This can be a difficult question for some companies to answer as they would require the resources to be able to know all the county and state laws involved with increasing rental prices. It’s well understood that California has some of the strictest laws when it comes to housing, many of which are designed to protect the tenants. A great way to see how the property management company approaches rent increases is by asking them to provide samples of their lease agreements.


Reputation

A company’s reputation can help you understand what you’re capable of. The internet is crucial when searching for the best property manager. Check reviews from other owners and tenants with which the property management company works. The last thing you want is to be sold to a company for the tenants to feel like all they do is collect rent and not fix anything.


Reviews can also highlight whether or not the company goes above and beyond for its clients. Do they have exemplary service while being cooperative? Do they ensure items get taken care of regularly without the need for your involvement? 


The best property management company should feel like an investment on its own, giving you the freedom of time without worrying about whether or not your property is being taken care of properly. It's meant to let you enjoy your free time or invest your time in other projects, such as improving your portfolio.


Finding the best property management company to suit your needs can be difficult but not impossible. If you feel like Beach Cities Management is the right property management company for you, 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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