Are you planning on renting your home? If so, although property management may seem like an easy task, the reality is that it comes with a variety of challenges that most owners are not prepared to handle.
Thankfully, a property manager can help! Here are five key reasons why you should hire a property manager before renting your home.
Thorough Tenant Screening
Finding reliable tenants is one of the most critical aspects of successful property management. Once the Tenant is in possession of your Property, the Landlord has lost almost all their leverage. Our property management team excels at conducting comprehensive tenant screenings, including background checks, credit evaluations, and rental history reviews. Professional tenant screening is vital because, a landlord cannot discriminate against tenants based on their race or other protected characteristics.
Navigating Rent Control
Rent control laws can vary significantly from one location to another; one property type to another; and staying compliant can be challenging for landlords. In addition to California’s Tenant Protection Act (AB 1482), which caps annual rent increases at 5% plus the local inflation rate up to a maximum of 10%, there are not a whole new set of “local” city and county ordinances that have increased restrictions on Landlord-Tenant lease actions.
The good news is that with the GWM team managing your rental, you don’t have to worry about staying on top of the news about rent control because we do that for you!
Meeting Repair & Habitability Requirements
Ensuring rental properties meet habitability standards is crucial for legal compliance and tenant satisfaction. Our team will conduct regular inspections and coordinate necessary maintenance and repairs to keep properties in good condition. This is huge because tenants in California can use measures like withholding rent until a landlord makes repairs to a rental property so it’s in the landlord’s best interest to ensure that their property is always in habitable condition.
Security Deposit Management
Managing security deposits can be a delicate and intricate task. Our property management team is well-versed in the legalities surrounding security deposit and ensuring compliance with state and local regulations, especially since as of July 1st, 2024, landlords in California can only charge a maximum-security deposit of one month’s rent for furnished and unfurnished units.
Handling Evictions
Evictions are now costing on average $5,000 in San Diego County and can be one of the most stressful and legally complicated aspects of owning a rental property. We have the experience and knowledge to navigate this process effectively ensuring that all eviction proceedings comply with local laws, considering that landlords in the Golden State are required to adhere to stricter requirements when it comes to no fault evictions.
Contact Us
Stop trying to apply common sense to property management! Hire an expert team and earn back your freedom and while increasing your bottom line. GoldenWest pledges satisfaction guarantee or money back!
Transition to professional property management, contact us today by calling (866) 545-5303 or click here to connect with us online.
