Property Management Services – A Complete Guide

Orange County Property Management Services (Highest Rated 2020)

Learn How Property Management Services Works

Buying a home as an investment is risky, but it is a great way to save money. Hire real property management with a lot of experience in taking care of your rental property. West Point Property Management Inc. is the best choice for asset management in Huntington Beach. Call us at 714-501-3783  to request a quote and if you have any questions about our company.

We have a wide variety of services for both homes and businesses. Our team always works hard to give our clients the best service possible. We are proud to provide our clients with the best service and value. Visit our rental page to learn about the properties we take care of.

A Complete Property Management Services Guide

You’ll need to hire a property manager if you want to rent out your home. So, what does a property manager do?

They are in charge of finding good tenants, getting the rent, and dealing with any problems with the tenants. They also make sure everything goes well. We made this guide to help you figure out how property management companies work.

Property Management Services: Screening of Tenants
Property Management Services: Screening of Tenants

1. Finding Tenants

The first step is to find good tenants. You can do this through ads in the paper or on the Internet, word of mouth, or agents. Once you have a list of possible tenants, you should check their references. If you can, talk to them in person before giving them the rental agreement.

2. Marketing Your Property

Once you’ve picked your tenants, it’s time to put your rental on the market. You can do a lot of this online, and many websites do this for a small fee. It is also important to take pictures of it. So that people who want to rent can see precisely what they will get. You should also make sure that your home meets all of the rules set by your local government. This can affect how easy it is to rent it out.

Some tips on effective advertising and leasing include:

  • Make sure that your advertising is accurate and up-to-date. 
  • Use high-quality photographs in your advertising materials.
  • Be clear about what is included in the rent and what is not. 
  • Be responsive to inquiries from potential tenants as quickly as possible. 

3. Collecting Rent And Dealing With Tenants

When a renter moves in, you have to start getting rent from them. They should pay this rent monthly; if it isn’t, you should talk to the tenant. Tell them that there may be fees if they pay late. You will also be in charge of any repairs that need to be done.

4. Tenant Removal

Suppose your tenants don’t pay rent or do damage to your property. You have to do something to get rid of them. This is not something to be brushed off. Let a company specializing in this industry do what is best.

Both renters and owners can benefit from having a property manager. But it’s imperative to find someone who is right for you.

The Property Management Services Checklist

Tenant Onboarding Checklist

Here is an example of a checklist for property management services. The list gives you a high-level look at the most important things to do when a new client or tenant comes on board. You can add or take away something to make them fit your needs.

  • Credit check from the tenant.
  • Background check on the tenant.
  • Check the rental history of the tenant.
  • Verify the employment of the tenant.
  • Check the personal references of the tenant.
  • Check the previous landlord references of the tenant.
  • Conduct a social media background check on the tenant.

Tenant Move-Out Checklist

Everyone finds moving stressful, but landlords can have a hard time with it. When a tenant moves out, it’s up to you to clean up their mess and get the unit back in order.

This list will help you get through the process of a tenant moving out as quickly and painlessly as possible.

  • Request a final walk-through from the tenant.
  • Check its condition.
  • Make sure all bills and damages are paid in full.
  • Return the security deposit to the tenant (if applicable).

Tenant Eviction Checklist

Getting rid of a tenant is a time-consuming and expensive process. It’s also essential for a company to run well. Here are the most important things to do when evicting a tenant.

  • Notify the tenant of eviction in writing. 
  • Serve the tenant with a notice to vacate. 
  • File an unlawful detainer action in court. 
  • Get a judgment from the court evicting the tenant. 
  • Have the sheriff enforce the judgment and evict the tenant.

Screening Checklist

It is one of the property manager’s most important parts. This report has a lot of information about the applicant, like their credit score and criminal history.

Here is a list of things to consider when screening potential tenants. It is not meant to be a complete list but rather a place to start:

  • Check a potential renter’s background and credit history
  • Check the criminal records of people who want to rent.
  • Ask previous landlords or current employers for references.
  • Check your work history with your previous employers or landlords.
  • Ask potential renters if they have pets and if they smoke.
  • Carefully look over rental applications before approving people.

Apartment Building Maintenance Checklist

A well-kept apartment complex will save you time, money, and hassles. Use this list to keep track of maintenance issues and ensure that it is in good shape.

  • Look for damage and fix it as needed.
  • Clean up the common areas (e.g., stairwells, hallways, lobby).
  • Care for the landscaping and grounds.
  • Check the parking lot and fix it as needed.
  • Check the building for leaks and fix them as needed.
  • Order supplies and materials as needed (e.g., lightbulbs, cleaning supplies, maintenance tools).
Property Management Services: Property Maintenance
Property Management Services: Property Maintenance

Maintenance Log Setup Checklist

A maintenance list can help landlords determine what needs to be done on their properties. Tenants can have this list to know their maintenance tasks before moving out.

  • Replace furnace filter
  • Clean oven
  • Test smoke detectors
  • Check windows for cracks 
  • Check door locks 
  • Add caulk around the tub and sink 
  • Touch up paint 
  • Mow lawn

This checklist is vital for a landlord to complete all these tasks on time. Also, make sure your rental properties work well. If you use this list, you can be sure that your tenants will be happy and that your properties will be in good shape.

The Importance Of A Property Management Service

When it comes to managing property, there are many things to consider. After all, you want to keep your home safe because it is a valuable asset. A manager can help you take care of your investment and keep it in good shape. They can do this by giving you a variety of services. They make sure everything runs smoothly and reduce your workload.

Here is a complete guide to the importance of a property management service: 

Reduce Your Workload 

You have a lot to do if you run your rental property. You have to deal with repairs and talk to the renters. You can focus on other things when you hire a rental property management service.

Protect Your Investment 

It is crucial to take care of your property. You do not want to worry about it and do not want it to get worse. This is where a service that takes care of properties can help. They can maintain it and handle tenant issues effectively.

Provide Peace Of Mind 

When you hire an excellent company to take care of your property, you can be sure that it is in good hands. It will allow you to relax and enjoy life, knowing that your investment is safe.

Easier Rent Collection 

They can help you get the rent money you are owed. This takes care of the trouble for you and ensures that your rent is always paid on time.

Maintenance And Repairs

They can take care of all the maintenance and repair work for you. This can save you time and hassle and ensure that your property is always in good condition.

Last but not least, When picking a property management service, you should look at more than just how many services they offer. It’s also about how much you and your renters value that service. Comparing companies is an excellent way to decide if a service is exemplary. At the very least, you’ll know more about what’s available and what you’re getting into.

West Point Property Management Inc. can make all the difference in your rental experience. We can provide the peace of mind that comes with knowing your rental is in good hands. Our team offers quality property management services and works hard to give our clients excellent service. Dial 714-501-3783 to request a quote, and let us take good care of your investment.

Frequently Asked Questions

Property maintenance companies provide snow removal, lawn care, maintenance work, and other services. Property management companies handle tenants, apartment marketing, inspections, move-in and move-out, and day-to-day tenant care.

Property management is classified into four types:
1- Residential
2- Commercial
3- Industrial
4- Special purpose

This includes keeping the owner up to date on vacancy rates, business policies, legal issues, and any required property maintenance and repairs. Property managers play an important role when it comes to the small legal details that can be involved in letting out a property, property managers play an important role.

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