Property enhancement is a significant job. Landlords should inspect their properties to see what must be repaired. The trouble may be as small as a leaking pipe or a significant repair like a leaking roof. Those needs must be addressed.
Curb appeal is important. Grounds management is essential and is more than mowing the lawn or trimming the hedges. Trees can require trimming and flowerbeds weeded and maintained. Driveways may be cracked, and a fresh coat of blacktop will solve that problem.
All the above points to consider may require outside help. A landlord will have to work with contractors and landscaping companies. Although most are highly ethical, some are not. It isn’t difficult to pad an invoice with extra costs.
Those inspections of the property will uncover problems, but the investigations themselves can be complicated. The walk-throughs must be scheduled at a mutually convenient time for the landlord and the tenant. Failure to do so will cause tenant relations problems.
A property owner’s goals in 2020 will require money. New loans can cover the expenses, but the financial institutions want to have evidence of an ability to pay back the money. It means that financial records must be accurate and ready for inspection. This is time-consuming, and the chances for human error are significant.
Nothing stands still for long and there are trends that a landlord must know about. Incentives such as digital rewards for tenants or what to do about climate security will need to be looked at, and some possible strategies developed. Marketing particularly has to give some reflection of trends and what younger renters want to have in an apartment.
A landlord in San Diego is no stranger to multitasking. It is not a problem if there are only one or two rental units, but as the portfolio expands, the demands on individual time get even higher. It is not easy for someone with multiple rental units to execute everything necessary for a profitable new year.
Taking advantage of the expertise of a third-party is a good idea. There are property management companies in San Diego who can do all the routine activity and assist in making plans for the coming year. Alta Vista Properties can help any landlord be ready for future opportunities and profit.
We are a property management company in San Diego with decades of
experience. We understand the value of real estate, and we will work with clients to maintain a healthy financial position in the San Diego market.
We use state-of-the-art software to produce financial reports needed to apply for a loan. Alta Vista Properties keeps the cash flow moving by having electronic transfers of rent. There is no delay in payment.
We know all about contractors, and we have a group with whom we have done business for years. These people are reputable professionals and they know what we expect. Clients don’t have to worry about hidden fees in the invoices. If we ever suspect a client is being cheated, that contractor no longer has our business. We always keep our ear to the ground, and we prepare for any changes that real estate trends bring about. Alta Vista Properties is never caught flat-footed.
