The USC Casden Multifamily Forecast predicts that apartment rental fees in Southern California will experience an increase by at least $100 within the next two years, and by 2018, counties like LA will see an average rent of $1,416. If you have property in the So Cal area, now is the best time to hire a Southern California property management team. Why? Because the time is ripe for turning your idle property into an income-generating asset, earning you passive income to augment your household income, or to put away for a rainy day.
With a lot more people relocating to Southern California, particularly millennials because of job opportunities, the demand for housing rentals in SoCal has been experiencing a steady increase. This is because most of the residents here cannot afford to purchase their own home, and turn to apartment or housing rentals as the more affordable alternative. While it’s true that rental fees in this side of California are among the highest in the country, rentals are still considered as a better alternative to high mortgage payments. At the very least, renters have no fear of foreclosures, which in itself, is a welcome reprieve.
Why hire the services of a Southern California property management company?
If you live miles away from where you property is located, you will need the professional assistance of a licensed property manager to ensure that, first and foremost, your property is cared for. Secondly, a property manager will handle all of the rental details for you and liaise with the renters on your behalf. Briefly, here is what a property manager can do for you:
- Find the right tenant for your property (show the property to interested renters, and screen the potential tenants)
- Do the paperwork (from rent or lease agreement to permits, if necessary, and all other required documents)
- Ensure that the tenants are occupying the property according to the terms covered in the lease agreement
- Oversee repairs and maintenance checks
- Liaise on your behalf for complaints or requests
As you can see, a property manager will remove the burden of overseeing everything about your rental off of you. You can simply relax in your own corner, go about your daily routine, and sleep peacefully at night knowing that your property is in good hands.
We invite you to give us a call at 951-270-3700 to learn more about our Southern California property management services.