Preparing For the End

Chelsea Driscoll • Aug 12, 2020
COVID, COVID19, Coronavirus, Quarantine, Pandemic, Mask, Social Distance, New Normal, Real Estate, Property Management

 There will be a day when the coronavirus quarantine is over. Landlords in San Diego will breathe a sigh of relief, but it will not be a time to relax. Returning things to normal is going to require a lot of efficiency and proactive decisions. There will be little room for error.


The Financing Issue

Rent was not always easy to collect during the lockdown, and a landlord in San Diego may discover he or she is short on cash. Repair work and other necessary activities still need to be done and the contractors need to be paid. There is also the possibility of renovation work that has been delayed and can no longer be put off until tomorrow. A property owner may need to get a loan from a financial institution.

 

It means that accurate financial reports must be available immediately. A landlord must understand that competitors are also looking for an injection of loan money to return things to normal. The one who is best organized and at the loan officer’s desk first will probably get the money. Trying to prepare financial reports by hand, or using a calculator or an Excel spreadsheet, is not going to be the best way because human error is staring the landlord right in the face.



Repairs, Repairs, Repairs...

Communication with tenants during the quarantine days may have been poor. It is possible that the residents forgot to report damage because they did not want to have any direct physical contact with the landlord. There needs to be a way to report the damage immediately and conveniently.

 

Many repair contractors have suffered during the quarantine, as well. Some will not be able to resist the temptation to pad the invoice with small fees that are not necessary. It is unfortunate but not every plumber or electrician is honest. The landlord cannot afford to deal with somebody who is acting shady.



The Government Wants Information

As if the above was not bad enough, reports must be sent to state and local government agencies. Anything that deals with building code compliance must be submitted on time, and there is no room for any mistakes. A property owner in San Diego will do the absolute best to provide financial information for loans, report data on existing loans, work with contractors for necessary repairs, and submit the information required by the government. Unfortunately, there are only so many hours in the day.


Property Management Companies in San Diego

The hard work that is going to come with the end of the quarantine can overwhelm any landlord. There is just so much to do, and errors will cause trouble. It makes sense to work with third-party professionals in managing the property.

 

Property management companies in San Diego are familiar with the needs of lending institutions and governments. They also establish relationships with ethical repair contractors, and the property managers keep a sharp eye out for any instance of possible invoice deception. The best managers use the best software. Alta Vista Properties is a property management company in San Diego that can respond to heavy workloads without a problem.



We Are Seasoned Professionals

We have been in the property management business for three decades. Workloads are not something that we are afraid of and we quickly respond to sudden changes. We have the best property management software and can produce accurate reports rapidly. Alta Vista Properties is aware of government-mandated timetables and we deliver useful reports on time. We work only with the most reliable and ethical repair contractors.

 

The end of the coronavirus quarantine may come sooner than you expect. Being ready for all the work to come will be necessary and you should take advantage of a superior property management company. Alta Vista Properties is in that high-quality category.


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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