Fallbrook Property Management Services

The main role of our property management team in Fallbrook is to manage routine tasks delegated to them by the owners, preserve the value of the properties they manage, and generate income through rent and other means.

A property manage company’s typical 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.

Because the cost of property management isn’t set by law or local or state regulations, the cost varies depending on the property management company. However, most property managers charge a percentage of the rent collected each month.

It’s a good idea to do your research before hiring a property manager. This includes asking lots of questions and also reading the company’s online reviews, when applicable. Here are a few questions to consider asking 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: although the laws vary 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.

Our Broadpoint Properties team in Fallbrook includes one broker, three broker associates, and five agents in addition to our administrative staff.

Owning a rental property can be extremely lucrative and also extremely rewarding – however, if you are not familiar with the state laws and regulations with respect to things like collecting rent, entering the property, and making repairs, managing a rental property can be incredibly stressful.

That’s why many investor owners have found it best to leave the management of their income property to a property manager. Using a professional property management company can free up an owner’s time and reduce stress. Perhaps most importantly, an investor owner who uses a professional property management company 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 every property management company has different policies and procedures. At Broadpoint Properties, we can prepare all of the required paperwork and service the necessary 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.

In general, no, property management companies do not pay for repairs from their own funds (although every property management company has different policies and procedures). Instead, they use the collected rent or property reserve funds in order to pay repair or maintenance bills on behalf of the owner.

If you want to start off on the right foot with your income property, it is important to find a property manager in Fallbrook who is professional and experienced in property management.

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 or company. Also, take some time to read the online reviews of the property management company, both from owners and from tenants, and take a look at their website. Once you’ve reviewed several potential candidates, call those who you believe might be a good fit for your needs.

We hope that your selection includes Broadpoint Properties in Fallbrook, CA! Our skilled team looks forward to hearing from you and answering any questions you may have.