Handing your investment property over to a Los Angeles property manager can feel a bit unnerving and uncertain, even if you know your property management partner is an expert in the field. This is still your property, and it’s worth a lot of money. How can you be sure they’re going to lease, manage, and maintain it with care?
You ask questions.
We’re sharing the top 5 Frequently Asked Questions (FAQs) we hear from owners all the time. We hope our answers provide peace of mind and some insight into how we protect and prioritize your investment during and between every tenancy.
Q: Do I Need Los Angeles Property Management?
We think so.
Renting out a home in Los Angeles is profitable, but it’s also risky. There are a lot of laws governing how much rent you can charge, when you can evict, how you can screen tenants, and what you do with the security deposit. It’s easy to make a mistake. Property management provides experience and resources, and you can leverage that expertise to have a more profitable investment experience.
Q: How Do You Market and Advertise My Property?
We want to keep your vacancy period as brief as possible, and we also want to attract high quality tenants. Our marketing process includes professional photography, intentional staging, video tours, and a lot of exposure for your listing on our website as well as all the popular websites that tenants are using to find their next rental home.
Q: What if Rent Is Not Paid?
This is a common fear, but we have a rent collection policy that’s enforced consistently and effectively. Tenants have the option to pay rent online, which reduces a lot of late payments. We work with our residents to ensure rent is paid on time, and if they are unable to work with us or refuse to come into compliance, we do not hesitate to begin the eviction process. This is rare because we screen tenants thoroughly and establish positive, professional relationships with them from Day One.
Q: How Will You Handle Maintenance?
We have an outstanding team of vendors and contractors who provide high quality repair work. Our relationships allow us to negotiate their best pricing. We’re happy to work with your own vendors if you prefer, but one of the benefits of working with us is that you can leverage our amazing maintenance team. We have plans and processes in place for emergency, routine, and preventative maintenance.
Q: Why Should I Work with EGL Properties?
We know you have a lot of choices when it comes to Los Angeles property management. We also know we’re the best at what we do. Our team is professional, experienced, and invested in your success. Talk to us about your rental properties, and we’ll develop a customized property management plan to ensure you’re earning more and spending less on your properties, all while enjoying a profitable, hands-off investment experience.
We would love to answer any other Los Angeles property management questions you may have. Please contact us at EGL Properties.