You are leaving Los Angeles, and you’re ready to take on the challenge of moving into a new city. The challenge is real; it’s no secret that property management in LA can be complicated. With so many competing interests, regulations, and laws to consider, it’s essential that you have the right partner to guide you through the process.
By the end of this article, you’ll be ready to make informed decisions about your LA property and better equipped for success. Let’s get started!
Responsibilities of Property Managers in Los Angeles
If you’re considering hiring a property manager in Los Angeles, you should know exactly what responsibilities they’ll be taking off your plate. Generally speaking, a property manager will:
- Market available rental units to attract tenants
- Conduct background and credit checks on tenants
- Handle tenant inquiries and requests
- Collect rent payments and issue receipts
- Track rent payments to provide monthly reports
- Facilitate repairs, upkeep and maintenance of the property
- Enforce the lease agreement and check for violations
- Carry out evictions in accordance with local laws
- Register rental properties with local authorities as required by law
It’s important to remember that these responsibilities vary from state to state, so make sure you research the specifics for State and City before hiring a property manager in Los Angeles.
How to Find a Property Manager in Los Angeles
First and foremost, it’s important to know what type of management services you’re looking for. Do you need just a tenant placement service or full property management services? Understanding your needs in advance will make it easier to narrow down your options.
The next step is doing your research. Look for trusted property management companies that have lots of experience in LA and the surrounding areas. Check out reviews from past clients to get a better idea about their services.
Questions to Ask When Hiring a Los Angeles Property Manager
If you’re looking for a property manager in Los Angeles, there are a few important questions to ask before making a decision. A good property manager will provide the level of service and attention that you need to ensure that your investment is well taken care of. Here are some key questions to consider when hiring a Los Angeles property manager:
What kind of experience do they have?
An experienced property manager will know all the laws and regulations that apply to their area, including local city laws, safety regulations, rent control and more. i.g. some sub cities in LA do not allow short term rentals! They should also have experience working with mom and pop landlords, developing relationships with local vendors, and handling tenant issues or complaints.
How will they market my property?
A good property manager should have an efficient approach to marketing your rental units. They should be able to effectively utilize online marketing platforms such as Zillow, Hotpads, Apartments.com, Craigslist, Facebook Marketplace, etc.
What services do they provide?
It’s important to understand what services are included in the fees you pay for property management services. These can include rental unit showings, tenant screening and selection, rent collection, maintenance coordination, and more.
In conclusion, if you’re looking for a reliable property management service in Los Angeles, don’t overlook the importance of research. Take the time to read reviews, compare customer service models, and ask questions. Investigate the management team and their background, and always get an understanding of the fees you’ll be responsible for.