Vista 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.

The main role of our property management team in Vista is to manage daily tasks delegated to them by the owners, preserve the value of the property they manage, and generate income through rent, parking, etc.

In general, a property manager’s regular duties 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 company itself. Most property management companies decide to choose a select percentage of the rent collected every month.

It is definitely important 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 ask before signing a contract 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?

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 Vista includes 1 broker, 3 broker associates, and 5 agents, in addition to our administrative staff.

Owning a rental property can be a wonderful and lucrative experience; however, if this is your first rental and you are not familiar with local and state laws regarding rent, maintenance, and entering the premises, it can also be quite stressful.

Instead, 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 reduce headaches and free up their time, and they are able to rest assured knowing that an experienced property management company is managing their home.

Most property management companies do not evict tenants unless they have an attorney on staff, although each company has its own policies and procedures.

At Broadpoint Properties, we have the capacity to prepare all the paperwork and service legal notices in the event an eviction is required. We’ll 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 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.

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