Blog Post

What Services do Property Management Companies Offer?

Dustin Edwards • Oct 10, 2023

Taking care of and managing your real estate portfolio can be quite time-consuming, especially if you manage multiple properties. It can feel like a daunting task. It's okay to have a helping hand when you feel as though you’re being stretched thin. Property management companies can provide a personalized service to help you or outright manage your properties, allowing you to invest your time in future ventures or yourself.


Below are a few services property management companies offer to allow you to take back control of your time.


Address Maintenance Concerns

Maintenance goes further than ensuring the property is clean and functioning. Especially in older buildings, something always needs maintenance or repair. Typically, when receiving a phone call from a tenant, you’ll want to log the call, identify the need of your tenant, document the action, and resolve the issue after contacting tradesmen or vendors if you cannot resolve the matter.


This is relatively simple for most landlords to deal with; however, this means you need to be available in case urgent repairs need to be made. This is where a property management company shows its worth. If a water line bursts or a home loses all power, these cannot be pushed back to the next time you’re available. Not only do they jeopardize the tenant, but you also risk damaging the property if the issue isn't resolved promptly. 


A full-service property management company will be ready and available to answer emergency repairs at all times of the night, allowing you to relax knowing any critical maintenance will be taken care of.


Analyzing Rental Rates

Property management companies are incredibly well-versed in examining and assessing the pricing structure of rental properties. Analyzing rental rates affords investors knowledge of the current market conditions, which determines, in part, fair pricing and allows you to make informed decisions in relation to your rental properties.


A property management company should be able to research local listings to understand the supply and demand for certain kinds of rental properties. They compare rental rates for properties in similar neighborhoods to help investors reach a competitive price.


The analysis continues once a tenant is found, too. Market trends can change the rental rate strategy. This can determine the amount and frequency of rent being adjusted, such as adjusting seasonally or settling with long-term lease agreements that benefit both parties.


Tenant Screening

The goal for every landlord is to find the ideal tenant who pays rent on time, respects, and regularly renews their lease. Unfortunately, these tenants tend to live in homes for long periods and don't move often. This means that finding the perfect tenant is challenging to say the least.


With a robust tenant screening, a property management company can give you the best chance of finding these ideal tenants. Some criteria for finding ideal tenants include reviewing the tenant’s rental history. This can reveal how a tenant has behaved in previous rentals. Credit checks give insight into a tenant’s financial responsibility. Income verification is also essential when screening potential tenants. While this can change when they live at your rental, it provides a general idea of what to expect.


Rent Collection

The myth that a property management company is only there to collect rent and nothing else is easily disproved. That being said, it's also an important service they provide. At the same time, many landlords tend to collect rent through checks, money orders, or cash. Property management companies often offer far more options for tenants to pay. Such as mobile apps, online payment platforms, or automatic bank withdrawals. The more options provided to a tenant, the less stressful it can be when the first of the month comes around. This approach ensures tenants and landlords a more personalized and satisfying real estate experience. 


If you need help managing your properties or are interested in all the services we provide at Beach Cities Management, 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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