Managing Property in the COVID-19 Era

Everyone is talking about the new normal and the challenges that COVID-19 presents. A landlord in San Diego is aware of the changes. Managing a rental property is remarkably different from last year.

Staying Clean and Safe

Face masks and gloves are a small part of the process. HVAC systems must be functioning well for air circulation and sanitizers must be consistently used. Safety protocols need to be general and specific at the same time. For example, safety procedures need to be designed for apartment viewings, with current residents and visitors being treated differently. Repair work must be done quickly, but the contractor's safety rules will differ from company to company. Landlords in San Diego must review those various safety procedures before doing business.

The Money Must Be There

Stimulus checks helped folks pay the rent, but some tenants in San Diego are falling behind. Evictions are on hold for those affected by COVID-19, and property owners must deal with new payment issues, which, if left unaddressed, will lead to cash flow emergencies.

Resolving money matters takes diplomacy and a willingness to be flexible. Leases may need adjustment to permit delayed rent payments and ways to reduce late payment balances. Any effort will require strict adherence to new rules and regulations. There is a real chance of violating a law by forgetting specific requirements.

Emergencies Need to Be Addressed

This ordinarily means doing repair work or taking care of a tenant issue. The pandemic has created a new problem that mandates a response. Cash flow can become so tight that a landlord might need an emergency loan from a lending institution. Preparing the paperwork for loan approval requires accurate figures. There can be no mistakes.

All of this would weigh heavily on any landlord. Suffice it to say, a property owner has an awful lot on his or her plate. The margin for error is minuscule; poor judgment can end with severe consequences. A seasoned landlord might handle the situation but someone who is new at renting property or has an extensive real estate portfolio could be in rough waters. There are ways to distribute the stress and the best one is to make use of one of the property management companies in San Diego.

Professionals in a Time of Trouble

Property management companies are heavily involved in real estate rental issues. They are aware of the coronavirus restrictions and have to stay current on all California developments. The best property managers know how to deal with tenants and how to resolve tense situations. Alta Vista Properties is a property management company in San Diego that ranks among the best.

We Rise to the Occasion

We deal with the challenges of the pandemic on an everyday basis. We know that our clients need the best advice and administration. We provide both.

We have coronavirus safety protocols in place and use them daily. We take steps to minimize the exposure of all our tenants. Repairs are attended to quickly and we will only use contractors who have the proper coronavirus safety measures.

We work with tenants when it comes to renting. Our use of electronic transfer assures a client that money will be in their bank account on a given day each month. If a client must apply for an emergency loan, we have the software to provide accurate figures and can tailor reports to what the lending officer needs to see. We administer daily matters professionally and effectively. We can sail any ship through stormy waters.

Please do inquire at any time about our property management services. We can be reached at 858-274-3600 or by email at info@altavistaproperties.net. We look forward to hearing from you and answering your questions.