Encinitas Property Management Services

The main role of our property management team in Encinitas is to manage daily routine tasks associated with the property, preserve the value of the properties they manage, and generate income through rent and other collections.

These duties include, but are not limited to, rent collection, bill payment, lease generation and administration, tenant screening and placement, eviction protection, property inspections, property valuation, property showings, move-in and move-out evaluations, landlord-tenant relations, risk management, monthly and annual accounting, maintenance coordination, accounting and invoice processing, legal and regulatory issues management, and serving legal notices.

Because the cost of property management services are not regulated by law or local or state regulations, cost varies depending on the individual property management company. However, most property managers charge a rough percentage of the rent collected each month.

It’s always important to do your research before hiring a property manager or property management company. This research includes asking questions, reading the company’s online reviews, and reviewing their website, when applicable.

Here are a few questions you may want to consider asking before hiring a property management company:

• How much do you charge?
• Are there any additional fees such as tenant placement fees, sign up fees, etc.?
• Do you require a reserve? If so, how much? (The property reserve is the amount held by the property management company in the Trust fund in order to pay for an emergency repair, if required.)
• How often will you contact me? Will you call me about all repairs and maintenance issues?
• How do you screen tenants?
• Where do you advertise your rentals?
• What is the process for signing up?
• What sort of things do I need to do to my income property in order to prepare it to rent?
• Where is your office located?

Although it varies by state, in the state of California, anyone advertising their services as a property manager must hold a California real estate salesperson’s license and be working under the supervision of a licensed real estate broker.

That’s why our Broadpoint Properties team in Encinitas includes 1 broker, 3 broker associates, and 5 agents, in addition to our administrative staff.

While owning a rental property can be extremely lucrative and rewarding, if you do not have previous experience or are unfamiliar with state laws and regulations with respect to things like serving notices, making repairs, and collecting rent, managing a rental property can be extremely stressful.

To alleviate this day-to-day hassle, many investor owners have found that leaving the management of their income property to a property manager makes the most sense. Using a professional property management company frees up an owner’s time, and they can rest assured knowing that their home is being managed by an experienced team.

In general, property management companies do not evict tenants unless they have an attorney on staff, although each property management company has different policies and procedures.

At Broadpoint Properties, we can help to prepare all the necessary paperwork and service the appropriate legal notices if an eviction is required. Then, we work with both the owner and one of our preferred attorneys in order to assure that any necessary eviction is handled quickly and efficiently.

Typically, property management companies do not pay for repairs from their own funds, although every property management company has different policies and procedures. Most property management companies use the collected rent or property reserve funds in order to pay any repair or maintenance bills on behalf of the owner.

If you want to start off on the right foot with your income property, it’s important to find a property manager in Encinitas who is professional, experienced, and has excellent communication skills. If you know anyone in your area who rents out a property, ask them if they use a property manager and whether they would recommend that individual.

It’s also a good idea to read the online reviews of the property management company, both from owners and from tenants. Then, call those who you believe might be a good fit for your needs. We hope that your selection includes Broadpoint Properties in Encinitas, CA! Our skilled team looks forward to hearing from you and answering any questions you may have.