How To Find A Great Property Manager in California
Congratulations on an another successful year in property management in the hot California housing market. While our state has a strong economy, there is an exodus of businesses and tenants leaving for Texas, Colorado, Arizona and Florida.
And due to rising vacancies and flat rents, California landlords and property managers might find 2019 a little more challenging. Owners too are facing pressures as costs are rising for property management companies. Higher wages, vehicles, tools, machinery, and other fixed costs don’t seem to ever decrease. And if they’re not using modern property management software, they’ll be constrained in this new era of growth and Proptech.
Looking for Quality and Efficient Managers?
Property management companies are key players in the rental income real estate business yet some can’t delivery efficiency, modern software driven capabilities, or appropriate prices. In 2019, because of how the market has changed, owners and landlords will be searching for a new property manager.
Your choice of property managers is important. They will be in contact with tenants, keeping you well informed, solving mechanical and maintenance issues for you, and maintaining a cost efficient rental property. A bad choice for whatever reason could be very costly for you financially. A good choice extends the value of your property to tenants, and likely will improve profitability for owners.
We all want to save money yet a poorly chosen property manager is a sure way to poor rental investment returns.
What to Look for in a Worthy Property Management Company
- are a licensed property management company with licensed staff experienced with your property types and the typical issues you have
- have plenty of clients but room to handle more
- at least several years of experience to prove they will be around longer
- possesses great current clients and don’t use craigslist for property management leads
- has talented, professional and customer oriented maintenance staff
- has clear, well written leases and contract agreements
- service requests handled real time, responsively and with courtesy
- customers are all within an acceptable serviceable radius
- within 10km of your multifamily properties
- they use property management software and help you manage your investments/properties/tenants with utmost efficiency
- provide detailed owner reports, income statements, cash flow, and other accounting reports
- have management fee terms you can understand and forecast
- asks you great questions to demonstrate interest and competence
- they are mobile and ready to help tenants and landlords
- service equipment is in good condition
- good record of maintenance ticket management and conducting property audits
- buildings and properties look good upon inspection
- excellent company website and ability to help you get new tenants
A Few California Property Management Firms
Property Management Companies in Los Angeles
Stern Property Management
5979 West Third Street, #202
Los Angeles, CA 90036
Phone: 323 525-1501
Property Management Companies in San Francisco
Gordon Property Management
1596 Church Street, San Francisco, CA 94131
Phone: 415 554-8812
Property Management Companies in Companies in San Diego
Utopia Property Management
7343 Ronson Rd #F, San Diego, CA 92111
Property Management Companies in San Jose, CA
Cornerstone Property Management
1190 S Bascom Ave Suite 108, San Jose, CA 95128
Property Management Companies in Orange County, CA
OC Pro Property Management
202 W Lincoln Ave Suite G, Orange, CA 92865
Property Management Companies in Sacramento, CA
Sacramento Property Management Services
2300 N St, Sacramento, CA 95816, USA
Property Management Companies in Riverside, CA
Riverside Property Management
6960 Magnolia Ave #103, Riverside, CA 92506
Property Management Companies in Oceanside/Carlsbad, CA
Chamberlain Property Management
2653 Roosevelt St d, Carlsbad, CA 92008
Property Management Companies in San Bernardino, CA
Essex Realty Management Inc.
1950 S Sunwest Ln, San Bernardino, CA 92408
Phone: 949 798 8100
Property Management Companies in Oakland, CA
Vision Property Management
3007 Telegraph Ave., Oakland, CA 94609
Phone: 510 225-0470
Please Note: We’re not able to personally recommend any or the above property management companies. Please ensure they have the appropriate credentials and licensing in California via https://www.irem.org/credentials/for-individuals/cpm. Check them out on Indeed and Yelp for better insight.
They may or may not work for your specific needs. Please follow our tips for interviewing and selecting a good and reputable provider. They may be honest yet not be competent in property management. Remember, that a company may have references from many years ago, yet they’re not the provider they used to be. Perhaps their high quality staff have left, equipment is aging, management hasn’t evolved, and they’ve lost key accounts. These are frequent business events and issues that impact reliability and service quality in property management.
The more questions you ask, the better the overall view you’ll have of whether they’re a professional quality California property management firm.
Get more information on the California housing market , Hawaii Housing market, Arizona housing market and the multifamily market as well as the US rental property market. Have you checked out the vacation rental market? Using modern rental property software, management of short term stay properties is becoming feasible. Good luck in 2019!
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