14 Apr Rental Property Management
Rental Property Management
Have you ever thought about renting out your San Diego home? A rental property management company can help you do that. In fact, if you want to simplify managing your rental property, hiring a property management company will help you get there. That’s because they offer tools to help streamline things like collecting rents, tracking maintenance, and automating the leasing process.
In addition to this, they also offer emergency maintenance services. This is especially important for keeping your rental property in a safe and habitable condition. From automating paper-heavy functions to keeping your tenants happy, a rental property management company is the key to your success. With this in mind, we offer some insight on rental property management.
Rental Property Management in San Diego
With more people renting than ever before, owning a rental property in San Diego can be somewhat advantageous. But, the San Diego rental market can be challenging. From understanding how to deal with section 8 payments to rent control, tenancy in San Diego has taken on a whole new meaning. In fact, landlords across San Diego are no longer free to raise rents as much as they wish. A result of a new state law that when into effect January 1, 2020.
For all these reasons and more, knowing the ins and outs of rental property management is nearly impossible for many reasons. That is, unless you are dealing with a professional property management company who understands how to run a successful property management business.
Rental Property Management Companies Can Help You:
- Comply With Anti-Discrimination Laws
- Follow State Rent Rules
- Meet State Security Deposit Limits & Return Rules
- Provide Habitable Housing
- Prepare A Lease Agreement
- Make Legally Required Disclosures
- Follow The Exact Procedures for Terminating A Tenancy
- Follow Exact Procedures for Evicting A Tenant
Limiting Your Rental Property Liabilities
As property management experts their job is helping you run the most profitable rental possible. Part of that equation is helping you limit your property liabilities. From picking the right tenant to maintaining the property, limiting your liability risk as a landlord is extremely important. Do not use this information as a substitute for getting qualified legal advice. That said, things like making sure your property is properly prepared when someone moves in is as important as air is to your lungs.
Because there are a multitude of applicable laws and regulations to abide by when renting and maintaining your rental property. You can either learn to apply them, or risk getting sued. While there is no way to eliminate all liability risk. A property management company does a good job of helping you reduce it. With this in mind, below we list a few ways a property management company can help limit your liability risk as rental property owner.
- The Lease Agreement
- Tenant Screening
- Record Keeping
- Performing Regular Inspections
- Making Timely Repairs
- Requiring Tenants To Have Renter’s Insurance
- Hiring & Using Licensed Contractors
To make your life easier as a landlord, you want to make the right decisions. Whether that is how to automate collecting rent payments or how to handle the day to day management of your property. What you do now, will have an impact on your success down the line. For this reason, many property owners choose to hire a rental property management company. For one, they can help reduce the owner’s liability, and at the same time, the stress that comes along with managing a rental property.
Whether you are interested in changing property managers, or simply looking to hire a property management company for the first time, we can help! We take care of all types of residential rental properties including homes, condos, and multifamily properties such as multiplexes, duplexes and triplexes, and even small apartment buildings. Let us manage your rental properties, so you can enjoy your life! Call us today at (858) 576-2176. We will save you time, money, and the stress that comes along with managing your own rentals.