South Bay Property Management
What we offer
Thorough and professional property management is central to an investment's success. Providing relief from the daily headaches of managing your asset paired with the satisfaction of watching your property's performance improve is our goal. We specialize in managing properties in the Los Angeles South Bay and Santa Clarita Valley. Remember, when selecting a property manager consider their qualifications and commitment for the property they represent. Members of NARPM adhere to the highest Standards of Professionalism and Code of Ethics.
Another new service provided by www.sellyourplace.com. Now property owners can advertise their property for rent on this web site for free. Simply send the information that you want presented to the public, including pictures to
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, and I will post the property for rent on this website for free. Property Owners are responsible for the information submitted, and will be the point of contact for their individual listings. By using this service Property Owners accept full responsibility for the information submitted and any resulting negotiations.
Here is what I’m offering: Low Cost Property Management designed and priced around your individual needs.
If you are interested or just want more information call me at 310.500.6789 or email me
Advise for the reluctant landlord
Moving to someplace else or just buying another home is the easy part, but what about the hard part, selling your current home. Many homeowners refuse to sell at current prices, and therefore choose to rent their home until the market turns around. Sounds like a great idea, buy at a great price, and sell at a better price sometime in the future. The rent received surely will pay for the current mortgage. Some things to consider.
Step 1: Calculate what it really costs to be a landlord.
Your carrying costs will be higher than your current mortgage, taxes, and insurance. For starters, the cost of your insurance policy is likely to rise once you no longer live in the home, and if you rent out your home for more than three years, you're likely to end up paying capital gains taxes on any appreciation of the home when you sell.
Moreover, if you dread fixing broken toilets/lights/etc. -- or live too far away to do so -- you may opt for professional management. That'll cost around 7% to 10% of the monthly rent (to find property managers, go to www.narpm.org and www.irem.org.
Step 2: See if local rents cover most of those costs.
You may not know what to charge if there's not a lot of rental activity in your neighborhood. So, do some legwork: Interview rental brokers to seek pricing advice; visit competing rentals; and go to www.rent.com and www.rentometer.com. Even if the numbers fall a bit short, renting may still make sense. If your monthly costs run, say, $2,500 but you can get $2,300, you'd still come out ahead if your home appreciates modestly a year or two from now when you sell.
Step 3: Spread the word.
A good place to start is calling local relocation firms and HR departments, which often help workers new to town find rentals. Market your home on Craigslist, rental websites like www.rent.com, and social networks like Facebook, and don't forget to put a sign in your yard.
Step 4: Screen prospects.
Give them an application (you can find one at www.ezlandlordforms.com that asks for:
Income (it should be at least three times rent). Check their pay stubs. Length of time with employer (should be at least six months). Call the employer to check. Social Security number to run a background and credit check. Do so through www.renter.com or www.renter.com or www.youcheck-credit.com for about $25. Your local or state landlord association can also help with this process. Be sure to get names of the prior two landlords. Call to find out if the renter caused problems. But remember, Turning away folks who don't fit your nonfinancial preferences -- say, families with kids -- violates fair housing laws.
Step 5: Specify your needs in the lease.
If you're looking to sell in about a year, a 12-month lease that converts to month-to-month would fit the bill. But don't be afraid to write in language that permits you to, say, show the home to potential buyers, but be sure to give the tenant 24 hours' notice before doing so. Being upfront about your needs will start you on the right foot with your renter.
Step 6: Be Smart.
If your new residence is more than 50 miles from your current home, a professional management company is the safest way to go.