It is a mistake to think rental property is passive income. There is more to owning apartments than collecting rent each month. A sensible landlord in San Diego knows how important it is to stay on top of things, especially when it comes to administration.
The Paper Monster
One or two apartments might be easy to manage but a sizeable portfolio of real estate can be a handful. Property owners must keep records for tax purposes as well as various reports. Therefore, accuracy is critical and there can be penalties for mistakes. Reference checks should be documented and leases should stored in a secure place. File cabinets can be a risky storage tool because a fire may destroy needed records. Paper management takes time and it is very tedious work.
The rent must be collected and most tenants in San Diego pay promptly. Sound financial management means rent money is deposited in the landlord’s bank account as soon as possible. However, that does not always happen. Rent sent by mail will show up a day or so later and the landlord must physically deposit the cash. A drop box is a tempting target for thieves who will break into it and steal the rent. Delays and thefts harm a healthy cash flow and money a landlord needs is not available.
The Eviction Disaster
Fill a vacancy in haste and you repent in leisure. A bad tenant can slip through the cracks if a reference check isn’t performed properly. This person can easily become a pain in the neck. He or she might ignore housing ordinances or be noisy and disruptive. A bad tenant harms the entire community. Unfortunately, eviction is the logical solution and the process is not simple at all.
Tenant – landlord law in California is strict. There are rules of evidence and formal filings that need to be completed on time. In addition, proper notice must be given according to a certain timetable. A mistaken eviction process will invalidate everything and perhaps lead to a discrimination charge.
These are just some of the challenges and headaches confronting a San Diego landlord. An owner might not have the time or experience to handle all the details properly. Therefore, it is a smart idea to have a third-party administer a real estate portfolio. San Diego property management companies deal with administrative trivia all the time. At Alta Vista Properties, we know how to manage rental units effectively.
Our Administration Is Highly Efficient and Effective
Alta Vista Properties is a property management company in San Diego that stays current with the trends. Our administration is intended to provide landlords with what they need and when they need it. We have one of the best software packages in the property management industry and there is less chance of human error with our computerized records keeping. Reports can be produced when a landlord needs them, and all the information is accurate.
Our clients do not want bad tenants and neither do we. Alta Vista Properties is careful in screening and checking on prospective tenants. We will take an objective look at a prospective client’s background. In addition, we are careful to be sure that no background check can be viewed as discriminatory. We are fair when it comes to reviewing an individual.
We do not enjoy the eviction process, but we will evict a tenant if the circumstances require it. Our clients can be assured that we will follow the law carefully and make certain that everything required is done properly. The evictions are rare, but, if necessary, we will successfully remove an unruly tenant from a property.
Our efficient administration is part of our commitment to quality. Our clients do not have to worry about paperwork being processed or records kept. We are meticulous. The attention to detail is a reason why we are one of the best property management companies in San Diego.
Please do inquire at any time about our property management services. We can be reached at 858-274-3600 or by email at email@example.com. We look forward to hearing from you and answering your questions.