When you’re choosing a professional Long Beach property management company, you want to make sure you’re getting more than a rent collection agency. You want an experienced asset manager who is going to do more than collect rent and place tenants. A good property manager will provide advice and direction based on their expertise within the local Long Beach rental market and their leadership in the property management industry.
You should expect proactive, preventative maintenance support as well as the highest possible rental prices and innovative technology that allows for responsive communication. Your Long Beach property managers should help you earn more and spend less on your investment property.
Maintaining and Protecting the Condition and Value of your Property
Your property management company should be on top of routine, emergency, and preventative maintenance. They should respond to emergencies immediately and mitigate any potential for additional damage to your home. You need good advice about what you should be doing to implement preventative maintenance programs and pay attention to seasonal maintenance issues.
A good management company will have a list of preferred vendors who are licensed, insured, and bonded. Whether it’s an in-house maintenance team, third party contractors, or some combination of the two, make sure you’re working with high quality professionals who stand by their work and offer cost-effective pricing.
If your maintenance bills are high, find out why. You need your management company to be transparent and to provide a documented system of tracking repair expenses.
Setting the Right Rental Value
Are you earning as much as you should be on your rental property? We are always surprised at the property managers and landlords who are content to just keep the rent the same. This isn’t going to help you earn more money, and you want to make sure that your property is earning top market rates.
This isn’t just important to your cash flow. It’s important to your long term financial goals as well. What happens when you want to sell the property? You need to make sure your rental value is attractive to potential buyers, and you want to be sure that you’re going to earn as much as you can while negotiating a purchase price.
You should expect your property managers to study the market constantly and price your Long Beach rental property accordingly.
Communication and Technology for Long Beach Landlords
Property managers are busy; all of us are busy. But, with the technology and the tools available in the industry right now, there is no excuse for poor communication. Your Long Beach property managers should be responsive. You should be able to reach them with a question or a concern and have your phone call or your message returned within 24 hours.
You should also have an online portal or some kind of system that gives you information about your properties in real time. You should always be able to access accounting reports and statements, view inspection reports, and check on whether rent was paid.
Don’t bother working with a property management company that hasn’t invested in technology and doesn’t value communication. You won’t have efficient and effective management without it.
When you’re looking for the best in Long Beach property management, please contact us at CMC Realty. We deliver more than just the basic management services. We see ourselves as your investment partner.