• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • Twitter
  • YouTube

Owner Login | Tenant Login | Get a quote: 323-255-9400 ext. 4

Los Angeles Property Management Group logo

Los Angeles Property Management Group

Property management in Los Angeles & the Valley, done right.

  • Residential
    • Services Provided
    • Single Family Residence
    • Luxury Property Management
    • Tenant Selection
    • Maintenance
    • Video Marketing Your Property
    • On-Site Managers
    • Agent Referral Program
  • Commercial
    • Services Provided
    • Maintenance
    • Agent Referral Program
  • Why Choose LAPMG
    • Mission Statement
    • Recent Reviews
    • Awards and Recognition
    • Why May 12th Matters
    • True Property Management Horror Stories
    • Video Resources
  • Articles
    • David Crown in Forbes
    • Q & A with CEO David Crown
    • LAPMG Talks
    • Case Studies
    • FAQ
    • Featured Article of the Month
    • Featured Elsewhere
    • Industry Blog
  • Areas Served
    • Burbank
    • Culver City
    • Glendale
    • Hawthorne
    • Inglewood
    • Los Angeles
    • North Hollywood
    • Pasadena
    • San Fernando Valley
    • Santa Monica
    • Sherman Oaks
    • Studio City
    • West Hollywood
  • Contact
    • Our Team
    • Portal Logins
    • Prospective Tenants
    • Employee of the Month
    • Careers
    • Privacy Policy

Property Management Crash Course

January 24, 2019

Property Management Crash Course

What you already know.

The market towards housing has somehow sunk, and you cannot find a buyer and most of the time you will find yourself stuck. For the owners of residential and commercial property, the best option to help cover the mortgage is to rent out the property. Different people move around every year, and in today’s real estate market, we already know that it has become difficult to sell out our property due to factors like competition. Also, the location has made it even hard for the real estate business because, inevitably, nobody wants a house that is not in a safe neighborhood.

There is always the need to be organized with your property and the best way is to store user-friendly and accurate monthly reports in any form that suits you. Also, you may have to secure your portal to all the data regarding the properties that you own and those that are using the services that you are offering. The urge to ensure that your property is renovated continuously is also a significant factor in property management. This can save you a lot of money when it comes to members that want to use your property.

What you need to know.

When members are unable to manage their property, it is essential that they have to access to detailed information on property management. If you are having trouble determining the rental rates that you will charge for your property, we offer data on rental surveys which monitor the rental rates of properties that are similar to what you own. The target that is right for the rent cuts time off and one attracts the prospects that are qualified, and as a result, there is a high chance that you will be able to earn long-term landlord retention and a stable income too. Some basic ways that you can ensure to stay on top with the management of your property is through:

  • Insuring the properties which are highly recommended
  • Auditing services
  • Reviewing programs on preventive maintenance
  • Securing with 24-hour emergency response services
  • Retrofitting energy conservation measures

 

The survival tips:

These are the best tips for your property management that will help you protect your properties and ensure that members will always appreciate the services that you offer.

Find good tenants

You can find the best tenants if you are too busy to manage the properties alone through media like online advertisements. Moreover, close friends and relatives can also be of great help. An application form is also important to figure out if the person you are hiring meets the requirements that you want.

Determine the amount to charge

You have to get an idea of the amounts that are charged according to the value of the properties that you own. However, you have to be realistic with the levels of rent that you offer. Otherwise, you will lose people to that require to use your properties.

Protect your property with Insurance

The correct insurance policy is critical and extremely important or else you may look at a loss that you will never be able to recover from. As a landlord, you will require rental home insurance which covers the structure of the property, the legal costs, medical expenses, and loss towards rental income.

Hire a Management Company

Like mentioned earlier, there are some excellent management companies out there like LAPMG which offers a variety of great services. The companies also provide background checks, and the service fees are at great rates. One big advantage of using these property managers is that they always have an emotional distance which means that you as the owner of the properties will always get involved with these members emotionally.

 

 

Filed Under: Commercial Properties, Latest News, Property Management FAQ, Residential Properties Tagged With: Los Angeles, property management tips

Primary Sidebar

    PROPERTY OWNERS: CONTACT US FOR A FAST FREE QUOTE

    (This space is not for tenant contact)








    Loading...

    Footer

    Award-winning management means:

    Best property management in Los Angeles - Our Awards

    • Maximum profits.
    • Responsive service.
    • Vacancies filled quickly.
    • Accurate understandable monthly reports.

    Proud Members of:

    AAGLA AOACA AIR Commercial Real Estate Association Member BOMA 2022 Member of Forbes Real Estate Council

    Contact Information

    
    

    YouTube LAPMG   Facebook LAPMG   Twitter LAPMG

    Los Angeles Property Management Group
    10960 Ventura Boulevard Second Floor
    Los Angeles, CA 91604
    Phone: 323-255-9400
    Contact Us

    Los Angeles Property Management Group is registered with the California Bureau of Real Estate License #01931033.
    Kyle Crown License #01936385
    David Crown License #01157354

    © 2023 Los Angeles Property Management Group · Privacy Policy
    10960 Ventura Boulevard Second Floor, Los Angeles, CA 91604 · Phone: (323) 255-9400
    LAPMG is committed to ensuring digital accessibility for people with disabilities. We are continually improving the user experience for everyone and applying the relevant accessibility standards. If you have any issues, please contact dcrown@lapmg.com.