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

Owner Login | Tenant Login | 323-255-9400 ext. 4   GET A QUOTE

Los Angeles Property Management Group offering residential, luxury, and commercial property management in the Los Angeles area

Los Angeles Property Management Group

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

  • Services
    • Residential Property Management
    • Luxury Property Management
    • Commercial Property Management
    • Get A Quote
    • Why Agents Trust Us
  • Why Choose LAPMG
    • Mission Statement
    • Recent Reviews
    • Awards and Recognition
    • Our Team
  • Articles
    • David Crown in Forbes
    • Case Studies
    • Industry Blog
  • Areas Served
  • Careers
  • Contact
    • Contact Us
    • Portal Logins
    • Prospective Tenants
    • Our Team
    • Owner FAQs
    • Resident FAQs
    • Privacy Policy

Sweet Tips for Landlords

September 28, 2018 LAPMG

Sweet Tips for Landlords

Sweet Tips for Landlords

Property investment is a very lucrative business adventure. It is a great way to generate more income and grow your wallet. However, self-managing rental property often requires serious commitment and responsibilities. You cannot achieve success without facing some challenges. In order to become a successful landlord, you need to know the secrets of property management. Here in this write-up, we will discuss some of the important tips on how you can become a successful landlord.

Treat your rental property like a business

One of the most important things to become a successful landlord is to treat your rental property like a business. This means that you must put in place all necessary facilities that will make your property look attractive to your potential tenants. Also, everything about the property must be properly documented. For example, the date of last renovation and the receipts of all the materials used must be kept for record purpose.

Ensure you have a good lease or rental agreement

In addition, it is a must you have a well written rental or lease agreement. The agreement must clearly states the rights and responsibilities of both the landlord and the tenant. There should also be provision for the conditions of lease termination in the agreement. All these will save you from any legal problem that may arise in the future. You can hire a real estate attorney to draft a good lease or rental agreement for you.

Choose the right rental price

It is also important to choose the right price for your rental property. It shouldn’t be that because you want to maximize your income and scare tenant away with high price. The beauty of rental property is to be occupied by trustworthy tenants. You can determine the right price for your property by finding out the rent for similar structure in your community. Other factors that may also affect the price of rent are the location of property, number of rooms and available facilities.

Screen your potential tenants

Furthermore, to successfully manage your rental property, you need to screen potential tenants to ensure you’re renting to the right person. This is one of the biggest mistakes usually made by landlords. You need to conduct both credit and rental history checks on your prospective tenants. By screening your tenants, you would be able to make smart and informed decisions. You will be to predict the tenant’s future bill-paying behaviors or if the tenant would be able to maintain the property. Doing this will save you a lot of emotional and financial stress.

Carry-out regular maintenance on your property

One of the responsibilities of the landlord is to keep with property maintenance. It is legal bound on the property owner to carry-out routine or seasonal maintenance. You have to ensure the property is safe and habitable for your tenants. It is also part of your responsibilities to respond to repair calls and tenant complaints.

Insure your rental property

It is very important for you to insure your property and also have rental insurance. There are insurance policies designed for property owners to provide protection from unforeseen loss. Rental insurance covers damages and liabilities associated with tenant-occupied property. You need to protect your property from unexpected losses such as fire incidents or lawsuit. It is also important for you to set aside money for repairs that may be not covered in the insurance.

Become acquainted with Landlord-tenant laws

Familiarize yourself with the established landlord-tenant laws. These laws are established to protect the interest of both the landlord and the tenant. Having knowledge of the law will enable you to know your rights and responsibilities and that of the tenant.

 

Finally, if you want to capitalize and enjoy your rental income without going through the stress of attending to tenants complaints or late rental payments. The best thing you can do is to hire an experience property manager. We at Los Angeles Property Management Group will professionally handle all your rental management duties. Contact us now at lapmg.com for all your property management solutions.

 

 

 

 

 

 

 

 

 

Author

  • LAPMG

    View all posts

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

Primary Sidebar

    PROPERTY OWNERS: CONTACT US FOR A FAST FREE QUOTE

    (This space is not for tenant contact. Check out our listing page.)







    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 2024 Member of Forbes Real Estate Council Great place to work

    Contact Information

    
    

    YouTube LAPMG   Facebook LAPMG   Twitter LAPMG   Los Angeles Property Management Group on Google Maps

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

    Los Angeles Property Management Group is a licensed real estate broker, State of California, DRE License Number 01931033.

    Los Angeles Property Construction Inc. is a licensed contractor, State of California, Contractor State License Board Lic. # 1050649.

    Kyle Crown DRE License #0193638
    David Crown DRE License #01157354

    © 2025 Los Angeles Property Management Group · Privacy Policy
    10960 Ventura Boulevard Second Floor, Studio City, 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.