As a rental property owner in Thousand Oaks, hiring the right property management company can mean the end to the hard work, hassle, and frustration. The right company can lead you to a life of real estate investing success. Property management is a 24/7 job, and the more rental homes you own the more difficult it is to manage each one properly. To maintain high-quality management, a great deal of time and effort is required. The solution that would reduce your workload is to hire a property manager. They would work to make sure your rental homes turn a good profit and stay occupied. However, the wrong property manager will make costly mistakes and make matters worse.
Other property management companies fail to set the best monthly rate. They refuse to spend the time and resources needed to properly evaluate the rental market. Instead, they just guess or ask you to do it yourself. The wrong monthly rate is a big problem for two reasons: if it’s set too high then people would pass it off for better deals, and if it’s set too low, you will lose rental profit every month and risk interested renters thinking that there is something wrong with the property.
When the property managers at Real Property Management Ventura County first sign on with an owner, the first thing they do is go through a thorough property evaluation to make sure the rental home is ready to draw in high-quality renters. They evaluate both the condition of the homes and the current rental market to make sure that your rental homes are competitively priced.
Another costly mistake made again and again by other property management companies is in the manner that they attract and screen potential tenants. Some property managers merely install a sign in the yard that says “for sale”— they think that this is enough to attract tenants— then they run a rudimentary credit history check to screen them. Neither of these is good enough to get quality tenants.
Each rental applicant that Real Property Management Ventura County considers is thoroughly screened with full background checks that include credit, criminal, past rental, and income history. We want to fill vacancies with trustworthy tenants that, during their stay, would help maintain your rental property and also respect the terms of your lease.
Once new renters have signed a lease, other companies will usually brush aside any repair or maintenance request, forcing the tenants to live with the problems. These problems may start small but may swell into expensive repairs over time, making the neglect of requests even more costly. These companies usually have a high turnover for this reason. Frustrated renters don’t stay long in a home when their reasonable requests are ignored or refused by their property manager.
At Real Property Management Ventura County, we take a proactive management approach to all repairs and maintenance. We provide each of our owners a password-protected account. They can use this account to access the repair and maintenance information of their properties at any time. Monthly financial statements and clear, up-front fees put you in charge of your investment.
When a renter signs a lease with Real Property Management Ventura County they attach their name to specific, legally binding documents which were designed with the objective to streamline the terms and outline the results of violating those terms. They know from day one that their property manager will be overseeing their property regularly, helping them be mindful, as well.
Unlike these other business models, Real Property Management Ventura County has a standing of delivering quality, comprehensive service— and for good reason. For over thirty years, it has been our priority to give a unique approach to property management that places the best practices and the best tools of the industry within your reach.
As a Thousand Oaks rental property owner, you need a property manager who will endeavor to protect your investment without disrupting your life. By choosing Real Property Management Ventura County, you are choosing real peace of mind. Do you want to know more? Please contact us online or call us at 805-387-3682 today.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.