San Marcos Property Management Services

Property management is the daily oversight of residential, commercial, or industrial real estate by a third-party contractor. Generally, property managers take responsibility for day-to-day repairs, ongoing maintenance, security, accounting, and upkeep of properties. Property managers (those employed by the property management company) usually work for the owners of investment properties such as apartment and condominium complexes, private homes and multi-family dwellings, commercial buildings such as retail malls, and industrial parks.

Our property management team in San Marcos offers comprehensive management services; including managing routine tasks delegated by the owners, preserving the value of the properties they manage, and generating income.

The day-to-day duties of a property manager include 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 is not set by law or any local or state regulations, so cost will vary depending on the individual company. However, the majority of property managers charge a certain percentage of the rent collected each month.

It is definitely important to do your research before hiring a property manager. Ask lots of questions and read the company’s online reviews, when 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. 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. Our Broadpoint Properties team in San Marcos includes 1 broker, 3 broker associates, and 5 agents in addition to our administrative staff.

Owning a rental property can be wonderfully rewarding and incredibly lucrative; however, if you aren’t familiar with state laws and regulations regarding things like collecting rent, making repairs, and entering the property, it can become quite stressful as well.

That’s why the first thing that many investor owners do is hire a property management company. Using a professional property management company frees up an owner’s time and reduces the headaches involved with day-to-day management; in addition, knowing that your property is being managed by an experienced team allows you the peace of mind to focus on other ventures.

In general, property management companies do not evict tenants unless they have a licensed attorney on staff – although every property management company has different policies and procedures. At Broadpoint Properties in San Marcos, we can prepare the necessary paperwork and serve all of the required legal notices if an eviction is required. We’ll then work directly with the owner and one of our preferred attorneys to complete the eviction as efficiently and quickly as possible.

No, property management companies do not usually 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.

If you want to start off on the right foot with your income property, it is important to find a property manager in San Marcos 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 San Marcos, CA! Our skilled team looks forward to hearing from you and answering any questions you may have.