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Los Angeles Property Management Check Out AC Units

Los Angeles Property Management

Los Angeles Property Management Services | Los Angeles property manager

Los Angeles Property Management knows that central air conditioning is something we all take for granted, especially when it stops working.

When you’re a landlord, tenants can make a maintenance request about AC units because of over usage.

When the time comes to replace the unit, you could end up paying a hefty fee.

Los Angeles Property Management Choose The Correct AC Unit For The Rental

Los Angeles Property Management knows that no matter where you reside, AC is an expectation for all tenants.

When it comes to areas where AC isn’t a requirement, if there’s a system in place, you’ll definitely attract potential tenants.

But, when the AC goes out in one of your rentals, it can be a frustrating problem for both parties.

Replacing an AC unit is a very important decision. It can be expensive, and it’s best to do research and carefully weigh all available options.

Four Important Factors To Choosing An AC Unit:

1. Variety Of Systems

Los Angeles Property Management says the first thing look into, is what kind of system you want.

Depending where you live, forced air systems are very common.

Typically, they operate on natural gas, and some do run on electricity.

First thing to figure out is what size unit you actually need to install.

Depending on square footage of your home and some other factors, windows, ceiling height, and even the climate, makes a difference. About the average home uses anything from a 2 to 4 ton unit.

2. Warranties And Service Agreements

Los Angeles Property Management knows that service agreements and warranties can be quite important when it comes to installing and maintaining an AC unit.

Most AC manufacturers offer warranties on parts ranging from 5 to 10 years.

A good HVAC service company offers a labor warranty for a few years. In most service agreements.

They have to come out and service the system once or twice a year, but this is something that should be done regardless.

3. The Final Choice

Los Angeles Property Management knows that, if you make the wrong choice when buying an AC unit, there could be negative ramifications for years to come.

If it’s too small, it’s not going to work properly and if it’s too big, you’ll have a very high electricity bill.

Repairs and inefficient system burn a hole in your pocket.

To make the right choice, sometimes this means spending a bit more money than you would’ve wanted, but in the end, your tenants will be much happier and comfortable.

For the latest in Los Angeles Real Estate and Los Angeles Property Management news, trends, and tools, make sure to stay connected with our blog at: http://tgnpropertymanagement.com/blog/

Los Angeles Property Management Rental Property Improvements

Los Angeles Property Management

Los Angeles Property Management Services | Los Angeles property manager

Los Angeles Property Management says that residential property managers maximize rental income. When it comes to occupancy rates, this often means investing in improvements and upgrades to your property.

There are several ways to lower cost to improve a property, whether for a stand alone residence or a multi unit complex, they can net you a significant amount for improvements.

Los Angeles Property Management Recommends Cleaning Before Replacing Anything

Los Angeles Property Management knows that landlords don’t usually replace the carpeting and paint the interior of a unit between tenant vacancies.

When it comes to carpeting, the average schedule for replacement should be every seven years.

Be sure to choose carpeting with a longer life expectancy. Unless there is damage done to the carpet, you can hire professional truck mount carpet steam cleaner to thoroughly clean the carpets.

Updating The Kitchen

Los Angeles Property Management knows that the kitchen is more of a focus for tenants than any other room.

Because of this reason, you should update the property to maximize your ROI. Calculating your ROI is based on your region and the degree of renovation done to your property.

Instead of replacing your kitchen cabinets, consider cabinet refacing, this is usually cheaper than replacing or painting the cabinets with a high quality and stylish finish.

You could use chalk paint, this is a durable product that comes in a variety of colors that can transform worn cabinets into a modern style.

Countertops do make a big difference, but choose a product that is inexpensive and durable.

There are other options like formica and similar laminated products that make it look like granite or stone. If you were to choose poured concrete counters, practically their maintenance free but they do cost more because of the installation.

For the latest in Los Angeles Real Estate and Los Angeles Property Management news, trends, and tools, make sure to stay connected with our blog at: http://tgnpropertymanagement.com/blog/

What To Blog About? Los Angeles Property Management Tip

Los Angeles Property Management

Los Angeles Property Management Services | Los Angeles property manager

Los Angeles Property Management understands that blogging is a great way to connect with the community, when you include common search terms you’ll be able to get more traffic to your blog.

Be sure to set aside some time each week to post blogs, even if it’s just for half an hour. Once you start, you’ll see the impact your website will have and you’ll want to continue.

Los Angeles Property Management Comes Up With Blog Ideas

4 Blog Topics To Discuss:

 

  1. Los Angeles Property Management recommends to write reviews on local neighborhood restaurants, pick 5 top restaurants from the area. Everyone loves a good restaurant, knowing what’s close to where you live is always good to know. Be sure to mention your city and you can even link out to the local restaurant on your site.
  2. Los Angeles Property Management says the next topic should be about housing prices and trends in your local market. Depending on the audience, it is good news when you hear prices are going up or the opposite when they’re going down. At the end of the day, you have to show that you are knowledgeable about the area and that you’re also paying attention to the trends.
  3. Los Angeles Property Management says that depending on the time of the year, create a list of the top 5 local activities to do in the area. For this type of blog post, you can post it once a season. This gives you a chance to showcase your city. Be sure to add photos of people enjoying the activities.
  4. Los Angeles Property Management says the next topic to talk about should be technology you’re using to make a tenant’s life easier. There are plenty of companies who make it accessible for residents to pay rent online. You can write about how easy it is to set up. It’s also important to write about the benefits of paying online vs. sending a check.

For the latest in Los Angeles Real Estate and Los Angeles Property Management news, trends, and tools, make sure to stay connected with our blog at: http://tgnpropertymanagement.com/blog/

Los Angeles Property Management How To Deal With Unhappy Tenants

Los Angeles Property Management

Los Angeles Property Management Services | Los Angeles property manager

Los Angeles Property Management knows that as a property manager, spontaneous events tend to pop up when dealing with angry occupants.

No matter how hard you work and try to provide a pleasant, safe, livable environment, issues will and do arise.

Los Angeles Property Management Defuse The Issue

Los Angeles Property Management says that the difference between the reality of the job and the nightmare of a bad experience comes down to the occupant’s attitude.

If they are mad, your reaction to that attitude is important.

You have to be sensitive to occupants’ anger before it becomes a big problem.

Maintenance Problems

Los Angeles Property Management knows that it’s important to have strong maintenance resolution system, that means a system that is easy to follow as well as communication.

Maintenance requests should be written. If the issue cannot be handled immediately, acknowledge the issue right away and follow up with a timeline for the tenant.

This shows the occupant that you’re on top of every issue on site.

Availability

Los Angeles Property Management knows that when the property manager cannot be found, this ultimately translates to good occupants who move out immediately once the lease is over.

With everyone being tech savvy now a days, a property manager who is difficult to track down is not going to last very long in the industry.

Loud Neighbors

Los Angeles Property Management knows that in certain cases, this issue is out of the property manager’s jurisdiction, and they unfortunately can’t help.

In this situation, hopefully the occupants resolve the issue themselves, without calling the authorities.

Exterminators

Los Angeles Property Management knows that in a lot of leases it is non negotiable to have any type of pet on site.

This means especially no cockroaches, spiders, ants, termites, mice and rats.

The property doesn’t want an infestation.

The issue with those kind of pets is that they don’t set up shop in just one unit sometimes.

For the latest in Los Angeles Real Estate and Los Angeles Property Management news, trends, and tools, make sure to stay connected with our blog at: http://tgnpropertymanagement.com/blog/

3 Reasons To Hire A Los Angeles Property Management Company

Los Angeles Property Management

Los Angeles Property Management Services | Los Angeles property manager

Los Angeles Property Management knows that many find that owning a residential investment property is a great way to make money, but it involves a lot of time and commitment.

Owning and self managing a property means  long days at the office, longer nights, tedious work and if you are not careful spending more money.

Owning property comes with maintenance costs, fees, licenses, repairs and potential lost income opportunities. Even litigation from simple mistakes that can turn bad very quickly.

3 Benefits Of Hiring A Los Angeles Property Management Company:

1. Save Money

Los Angeles Property Management knows that a big advantage of using a management company is that you potentially save a lot of time.

They handle the big things and the little things that come up along the way in running a property.

If you don’t hire a professional, you are solely responsible for taking care of everything from showing the unit, broken pipes, painting, evictions and the litigation process.  

2. Maximize Income Potential

Los Angeles Property Management knows that an empty unit is is not good for business.

There’s always a reasons why a unit would be empty. Reasons include the wrong advertising, lack of time to do leasing tours or just no idea where to start.

With the right management company, everything is handled. They help to ensure that tenants stay in property longer so you have a less turnover rate.

3. Legal Corner On Your Side

Los Angeles Property Management knows that there are times when the inevitable comes up and you need legal advice related to your property. A property management company is well versed in all legal aspects of running properties, and are able to stand behind you if you need to go to court or arbitration.

For the latest in Los Angeles Real Estate and Los Angeles Property Management news, trends, and tools, make sure to stay connected with our blog at: http://tgnpropertymanagement.com/blog/

Los Angeles Property Management Rental Property Software Breakdown

Los Angeles Property Management

Los Angeles Property Management Services | Los Angeles property manager

Los Angeles Property Management understands that rental property management software allows a property manager to streamline their office work.

This includes paper files, organizing, consolidating and tracking information concerning the property being rented.

Los Angeles Property Management Needs To Be Thorough

Los Angeles Property Management says that rental managers keep track of tenant and building information, prepare taxes and owner reports.

Property management software provides several services ranging from  a simple organizational tool and printable forms to customizable tracking screens and multiple reporting options.

Most software systems contain some of the following features.

The Tools To Use

Los Angeles Property Management knows that accounting tools for tracking rent include paying bills and consolidating property account information for taxes.

Other tools include insurance forms for organizing tenant’s financial and historical building information by either unit, building, or portfolio.

Tracking tools for current work orders and contract histories involve programs and templates for creating rental and lease agreements.

Notices and letters and report generation tools for presenting information from background checks and tenant information to accounting are included.

All Expenses

Los Angeles Property Management knows that cash flow, expenses, work orders, rent rolls, and financial overviews get pricey.

Additional tools might include tracking and reminder systems, sorting options, and extensive customizable ways to group information by the user.

Rental Property Management software is becoming a fast requisite tool for all Property Managers.

Not only does it streamline most, if not all administrative systems, but enables a manager to better overlook a property and maximize profit.

That’s why it is essential to use a professional property management company whether you own a single residential building, all the way to large commercial real estate.

For the latest in Los Angeles Real Estate and Los Angeles Property Management news, trends, and tools, make sure to stay connected with our blog at: http://tgnpropertymanagement.com/blog/

Los Angeles Property Management On Homeowner Associations

Los Angeles Property Management

Los Angeles Property Management Services | Los Angeles property manager

Los Angeles Property Management say that a homeowners association or (HOA) is a legal entity that was created to maintain the common interests of the community.

According to the Community Association Institute, “about 6,000-8,000 new community associations are formed every year”, they stated.

Los Angeles Property Management HOA Is For The Community

Los Angeles Property Management knows that whether it be a neighborhood of single family homes or a building of condominiums, even a community of townhomes, HOAs ensure the upkeep of the particular quality and value of the properties.

 

Homeowner associations govern neighborhoods, planned communities, condominiums and all in between, and ensure that the rules, regulations and services the association create are all running smoothly for the community.

Homeowner association management overlook tasks like managing common areas of the community. This includes parks, pools, clubhouses, landscaping and roads.

Maintaining and enhancing the property value and organizing activities for area residents to foster a sense of community well being.

Rules And Regulations

Los Angeles Property Management knows that the associations often has a set rules that the community needs to follow.

These rules can be as general as keeping yards tidy, acceptable colors to paint houses, noise control, use of common areas, and other restrictions.

To provide these services and enforce these rules, homeowner associations charges monthly dues to cover costs. Fees range from $20 per month to hundreds per month, it depends on the property in question and the amenities they will provide.

Community Members

Los Angeles Property Management says that homeowner association management is generally taken on by a board of elected community members.

When it comes to smaller associations, the elected boards are volunteers and handle all issues of maintenance, providing services and also enforcing rules.

In providing for the best interests of the community, it allows homeowners another resource for maintaining the value of their investments and improving their quality of life.

For the latest in Los Angeles Real Estate and Los Angeles Property Management news, trends, and tools, make sure to stay connected with our blog at: http://tgnpropertymanagement.com/blog/

Los Angeles Property Management Breakdown Residential Property Management

Los Angeles Property Management

Los Angeles Property Management Services | Los Angeles property manager

Los Angeles Property Management knows that a residential property management company runs an income producing residential property on behalf of the owner.

Properties commonly designated as residential includes townhomes, single and multifamily homes, condominiums and apartments.

Los Angeles Property Management Being A Residential Manager

Los Angeles Property Management have experience with residential property managers handle all steps of the marketing and leasing process of a vacancy.

The general day to day duties of keeping the property well maintained can intel from analyzing the area to setting rental rates and showing the property to potential and future tenants. Qualifying their applications and negotiating the lease period and terms.  

A residential property manager take care of the “to do list” for maintaining the building. Unlike commercial properties, they tend to have longer leases, turnover is high though in residential properties, with most leases lasting generally 6-12 months. A  large part of residential property management is marketing, showing and leasing spaces.

Taking Care Of Business

Los Angeles Property Management knows a professional property manager also coordinates all the maintenance needs for the building, they will track all administrative and financial information, and keep the building’s insurance, payroll, taxes, mortgages and budget updated.

Residential Property Managers respond to all tenant requests, issues and problems, and act swiftly as the first point of contact for the building and tenant.

Communication Is Extremely Important

Los Angeles Property Management has a complete understanding when it comes to communication.

Communication is a key element for residential managers and good managers. They keep in regular contact with the property’s owner, whether by forwarding updated reports, or in a less formal manner, a property manager keeps the owner updated on the status of the investment, meaning the property.

Residential Property Management is particularly useful when the property owner lives far away from the investment.

Whether it is a matter of convenience, or a shrewd business investment, Property Managers are an great way to ensure an income producing property as well as earning its maximum revenue at a low cost.

For the latest in Los Angeles Real Estate and Los Angeles Property Management news, trends, and tools, make sure to stay connected with our blog at: http://tgnpropertymanagement.com/blog/

Los Angeles Property Management Income Property Management

Los Angeles Property Management

Los Angeles Property Management Services | Los Angeles property manager

Los Angeles Property Management says that income property, in layman terms, is a type of real estate that generates revenue.

Normally through rental payments, for the owner. These properties can be either residential or commercial.

The properties can be any size, from small single family homes to an apartment unit with a large multi building office complex.

Los Angeles Property Management Investment Size

Los Angeles Property Management knows that whatever type or size of the investment is, income Property Management is not a light job.

It requires thorough knowledge of the surrounding property market to set a competitive rental price.

The daily interactions with tenants, contract workers and prospective renters, and constant maintenance of both the physical property and the administrative and financial information that go with it.

Property Owners

Los Angeles Property Management has seen many income property owners turn to professional management companies to overlook their property and handle the day to day duties the investment requires.

With doing this, owners are able to retain the financial benefits of the investment property without having to give up any of their valuable time, and has the advantage of a professional managing the investment.

Income property management is commonly known for occurrences with investment real estate. There were about 329,000 Property Managers operating in 2006, and the industry is expected to grow by 50,000 managers by 2016.

Valuable Alternative

Los Angeles Property Management knows that there are other investment avenues like the stock market, millions of properties across the country are owned specifically for the goal of generating income.

With so much interest and investment in income properties, professional management will continue to be a thriving industry.

For the latest in Los Angeles Real Estate and Los Angeles Property Management news, trends, and tools, make sure to stay connected with our blog at: http://tgnpropertymanagement.com/blog/

Los Angeles Property Management Commercial Property Strategy

Los Angeles Property Management

Los Angeles Property Management Services | Los Angeles property manager

Los Angeles Property Management says, that commercial property managers handle non residential properties.

This includes offices, retail spaces, storage facilities, shopping centers and industrial buildings.

Los Angeles Property Management Is Similar To Commercial Management

Los Angeles Property Management knows that residential property management has the same focus as commercial management.

The tasks and obligational duties of operating an income producing property are very similar.

Commercial property management can involve being able to prioritize and finish a wide array of tasks.

Advertising, marketing, and leasing processes come with the territory of the commercial manager’s job; commercial leases are generally longer than other properties, with built-in renewals.

Marketing And Leasing Negotiations

Los Angeles Property Management knows that both the marketing and lease negotiation processes can be long, it’s more tedious than in other types of property management.

Although, commercial property managers normally don’t have enough hands on deck to complete tasks once the space is leased.

They often take care of their own general maintenance, and in certain cases, design and customize the interior of the space to suit their businesses.

Keeping Records In Order

Los Angeles Property Management knows that property managers of commercial spaces keep all administrative and financial records.

They also keep everything current with applicable maintenance orders, taxes, mortgages and insurance.

They make sure rent is collected, and respond to tenant needs and issues.

Reporting Regularly

Los Angeles Property Management knows that managers provide regular reports.

This means occupancy, rent roll and any budget changes are reported to the property owner, providing regular updates on how the investment is doing.

A commercial property manager is an asset to any property owner who has not the time or experience to market or manage their commercial real estate property.

For the latest in Los Angeles Real Estate and Los Angeles Property Management news, trends, and tools, make sure to stay connected with our blog at: http://tgnpropertymanagement.com/blog/

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