Hidden Meadows Escondido Property Management Services

Our property management team in Hidden Meadows Escondido is mainly responsible for managing routine tasks delegated to them by the owners, and to preserve the value of the properties they manage while also generating income.

A property manager’s typically 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, property owner-tenant relations, risk management, monthly and annual accounting, maintenance coordination, accounting and invoice processing, legal and regulatory issues management, and serving legal notices.

The cost of property management varies depending on the company, as the cost is not set by law or any local or state regulations. However, as a general rule most property managers charge a percentage of the rent collected every month.

Always do your research before hiring a new property manager. This can include asking questions, reading the company’s website, and looking at their online reviews if applicable. Here are a few questions you may want to ask before signing up with 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?

Yes: 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 Hidden Meadows includes 1 broker, 3 broker associates, and 5 agents, in addition to our administrative staff.

Owning an investment or rental property can be very rewarding and also incredibly lucrative; but if you do not have experience with the state laws and regulations involving such things as collecting rent, entering the property, serving notices, and making repairs, managing a rental property can be extremely stressful.

For this reason, many investor owners leave the management of their income property to a property manager. Using a professional property management company alleviates that stress and frees up valuable time; plus, knowing that your home is in the hands of an experienced property management company can be an incredible relief.

In general, property management companies do not evict tenants unless they have an attorney on staff. At Broadpoint Properties, we prepare and process all of the necessary paperwork and service the required legal notices if an eviction is required. We then work with both the owner and one of our preferred attorneys in order to assure that any necessary eviction is handled as quickly and efficiently.

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

It’s important to find a property manager in Hidden Meadows who is professional, experienced and has good 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. Also, take some time to read the online reviews of the property management company—both from owners and from tenants. Then, pick up the phone and call those who you believe might be a good fit for your needs. We hope that your selection includes Broadpoint Properties in Hidden Meadows, Escondido, CA! Our skilled team looks forward to hearing from you and answering any questions you may have.