Escondido Property Management Services

The main role of our property management team in Escondido is to manage routine tasks delegated to them by the owners and to preserve the value of the properties they manage while generating income. This includes but is 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 among other things.

The cost of property management is not set by law or any local or state regulations, so cost will vary depending on the property management company. However, it is important to note that generally property managers charge a percentage of the rent collected each month.

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. Our Broadpoint Properties team in Escondido includes 1 broker, 3 broker associates, and 5 agents, in addition to our administrative staff.

Owning a rental property can be extremely lucrative and also extremely rewarding. However, if you do not have experience or know the state laws and regulations with respect to such things as collecting rent, serving notices, entering the property, and making repairs, managing a rental property can be extremely stressful. That’s why many investor owners have found that it is best to leave the management of their income property to a property manager. Using a professional property management company can reduce headaches and free up an owners time. An investor owner who uses a professional property management company such as Broadpoint Properties can rest assured knowing that their home is being managed by an experienced team.

While each property management company has different policies and procedures, in general property management companies do not evict tenants—unless they have an attorney on staff. At Broadpoint Properties, we prepare all the paperwork and service all the 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 as quickly and efficiently as possible.

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.