The value of Newport Beach property continues to rise and that includes the price of rentals. Staying in line with market trends can yield higher rents for investors and knowing how much to charge for your rental property can be a juggling act. Managing your own rental properties can be stressful and pricing is but one of the many tasks necessary when dealing with real estate investment property. The time required to manage your property can take time away from your family or other endeavors. When you hire the best property management company Newport Beach , as your investment partner, you will have more time and make a better return on your investment because our trained professionals understand rental property.
Determining the proper rental rate for your investment property is one service provided by the best property management company Newport Beach. They also offer marketing that should include advertising, posting to the local multiple listing services (MLS) and internet exposure to all of the most popular sites. They should also agree to oversee maintenance of the property that includes pre and post work inspection of the property and approval of all invoices.
Finding tenants that will stay with you for a long period is ideal for property owners. A property manager has access to services that can perform background, credit checks on prospects, and determine whether they are a good fit for your rental property. Other administrative tasks performed by the best property management companies is the preparation of leases, amendments to leases, notices, the collection of rent, enforcement of the terms and conditions of the lease, the collection of delinquent funds and evictions, when necessary.
Another practice of the best property management company Newport Beach is the maintenance of the grounds and building. Finding contractors to perform the simplest of jobs can be difficult and the best property managers have them on speed dial, so your property needs to be repaired, it is done as soon as possible. This protects the value of your property and keeps tenants happy.
Income and Expense Accounting
One of the most tedious tasks of property management is keeping up with the paperwork regarding the costs of owning a rental property. Income and expenses need to be accounted for and for many who invest in rental property it can be a headache. A property management company will take on the task of collecting move in funds, paying vendors, collect fees, and rentals provide to you a monthly statement and a year-end statement to use for your taxes.
The best property management company Newport Beach will perform periodic inspections of your property and perform preventative maintenance. This adds value to your investment property because it can prevent costly repairs.
Around the Clock Maintenance
The best property management companies have around the clock, emergency maintenance services that can be called when there is an issue with your property and another. This is another time-saving feature of the best property management company Newport Beach and protects your property value and your tenants.