Managing Scarcity

Chelsea Driscoll • Aug 05, 2020
COVID, COVID19, Coronavirus, Quarantine, Pandemic, Mask, Social Distance, New Normal, Real Estate, Property Management

A serious problem every landlord in San Diego now faces is scarce financial resources. COVID-19 is making it hard for some people to pay rent and restrictions on evictions benefit the chronic nonpaying residents. Cash is becoming a rare commodity and property owners are feeling the pinch.


Searching For Solutions

Time is money and landlords in San Diego appreciate that more and more every day. The rent must still be collected on time and landlords must make it easy to pay rent. Any request for public assistance needs to be filed rapidly before the money is gone. Emergency loan requests from a bank must be accurate.

 

Property owners must be frugal. Repair work is critical but unethical contractors may pad the bill with nuisance fees. That cannot be allowed in this time of few dollars.

 

Landlords might be overwhelmed by everything. No one anticipated the coronavirus quarantine, so property owners were caught off guard. Leases may have to be renegotiated to allow tenants to pay owed balances later. All the work is not that bad if a landlord only has one or two rentals. It all gets overwhelming, however, when a property owner has an extensive real estate portfolio. Landlords might need a third-party to help them keep their financial boat afloat.



Choose Wisely

Landlords in San Diego can make proactive decisions in a crisis by using a property management company. These professionals can deal with routine situations and assist landlords in managing scarce resources. A landlord, however, must be careful.

 

Contracting for services should not be done in a hurry. Many property managers in San Diego are outstanding and others are terrible. An incompetent property manager creates more work.

It is necessary to check references and find out from the Better Business Bureau what property managers are trustworthy. Landlords will rely on these third-party experts and the property manager must be efficient and cost-effective at the same time. Alta Vista Properties is a property management company in San Diego with considerable experience in dealing with tight financial situations.



You Can Rely on Alta Vista Properties

We have been in the property management business for 3 decades and we are well known in the San Diego area. We encourage any prospective client to check our references and ask around about us. We are confident that all a landlord will hear is good news.

 

We can help get the cash to a property owner’s bank account quickly. We use electronic transfers to send money from tenants bank accounts to those of the landlord. If it appears that we need to renegotiate leases to get all the rent, we will do that in such a way that the final deal is fair for all sides. Unethical repair contractors create unneeded expenses and we will not deal with such establishments. We work with several repair contracting companies and our relationships with them go back years. We know how these people operate and they know what to expect of us. There will be no hidden fees in the work they do.

 

Landlords need accurate information to request loans from the banks. We use the best software in the industry and can generate reports as soon as they are required. We have a special area on our website where a client can quickly access financial reports. Alta Vista Properties works with the client and for the client. We are a leader in the property management business.



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.


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