Q:
What’s included in “Property
Management”?
A:
The simple answer is “everything”.
Almost everything you would do as owner,
we accomplish for you.
Q: What’s
not included?
A:
Normal management does not include
modernization, refinancing, fire
restoration, major rehabilitations,
obtaining tax advice, presenting
petitions to planning or zoning
committees, advising on proposed new
construction or other counseling.
Q: How much
does professional property management
cost?
A: The
management fee is negotiable depending
upon the size of your property, number
of units and number of properties.
Q: What is
the fee based upon?
A:
The management fee is based upon a
percentage of the rent collected each
month.
Q: What
other expenses will the owner have?
A: The management fee is for the
professional service only. The
owner, just as if the owner manages the
property him/her self, is responsible
for all expenses.
Q: What are
some advantages of having professional
property management vice managing the
property myself?
A:
A professional property manager is a
professional with many years experience
in advertising,
tenant selection,
supervision of repairs, record keeping
and all other facets of property
management. The professional
property manager is also knowledgeable
of the local rental market, insurance
issues, landlord-tenant law, federal and
state reporting and federal and state
disclosures.
Q: How much
will my properties lease for?
A: It is theatrically impossible
for an owner/landlord to set a monthly
rent amount. The rent amount is
always controlled by the rental market,
which an owner/landlord has no control
over. Rest assured that it is
in the owners AND property manager’s
best interest to lease your property at
the maximum the market will pay.
So, the professional property manager is
always diligently reviewing the market
conditions.
Q: What, if
any, professional organizations do you
belong to?
A:
California Apartment Owners Association,
National Association of Realtors,
California Association of Realtors
and Pacific Southwest Association of
Realtors.