Most rental property managers in big cities such as Los Angeles and its surrounding environs have to deal with large properties. Managing a large rental property is not an easy task. If you are just getting started or you are a landlord that is not making use of a property management company, you may find managing such a property, an overwhelming task.
It is easier to deal with tenants when you have a small property. In this article, you will learn how top property managers in Los Angeles and the surrounding environs manage their large properties.
- Have a Plan For your Landscape
With small properties, it is easier to manage the landscape and make it as attractive as possible. But with a large rental property, you will need to put in more effort. You need to create an aesthetically-pleasing property in order to attract the right tenants. Your goal when you have large acres of land should be to make the best use of your space.
You can make good of your space by creating different, segmented areas using flowers, trees or shrubs. You can as well have designated spaces such as a garden, car park, sheds, and more. All these will make your rental property more attractive to prospective tenants.
- Invest in Right Equipment
With a large rental property comes large responsibilities. Don’t waste your time with a traditional tool such as ordinary mowers. Instead, invest in a tractor. Moreover, tractors are not just for general mowing, you can as well use it to spread fertilizer, plough, clear bushes, and keep your landscape well-maintained.
- Work with Right Contractors
Every good property manager in Los Angeles knows when to delegate. You should understand that you cannot do everything yourself. There will be a time when you need to delegate some tasks.
In order to ensure that you don’t keep your tenants waiting, have a list of reliable plumbers, roofers, electricians, and other contractors on a speed dial. If you are working with reliable contractors, you will make your tenants happy and this means you will have to deal with fewer complaints.
- Install a Home Security System
A great way to manage a large rental property is to ensure that you know what is going on the property. By installing a security system, you are keeping a watchful eye on the property as well as giving the tenants the protection they need.
Many landlords and property managers don’t realize they need a home security system until something happens on their property. You can deter criminals and burglars simply by installing an inexpensive security system on your property.
- Create A Good Maintenance Schedule
A great way to run any rental property is to ensure that you maintain the property regularly. A regular maintenance will put your property in a great shape. Schedule regular checkups for electricity, plumbing, landscape, heating, and air conditioning. You can do some of these tasks yourself or you can hire contractors to take care of them.
To manage a large rental property, you need the services of experienced and reliable Los Angeles property management company. This will make things easier for you. Note that the key to managing any rental property is to have enforceable policies as well as regular maintenance schedule. Work only with reliable contractors and report regularly to the landlord. Applying these tips listed above will help you take care of a large rental property like a pro.