The headache of managing a rental property and finding the right property manager in Pasadena, CA, can often feel like a job in itself.
As a landlord in Pasadena, you’re no stranger to the challenges of managing your own properties. Late-night maintenance calls, tenant turnovers, financial record-keeping, and navigating the legal landscape alone can be overwhelming.
You might feel stuck in a wheel of evaluating property management companies, finding that filtering through pricing plans, service packages, and professional credentials to find the perfect fit to manage your property is a daunting task.
To help you know when you have found the right property manager in Pasadena, we’ve compiled a list of the key signs to look for when sifting through property management companies in the area.
How Property Managers Can Help Pasadena Landlords
As you build your real estate portfolio, the everyday tasks and maintenance can become overwhelming. From communicating with tenants to coordinating repairs to keeping track of accounting records, it becomes a part-time or sometimes full-time job.
With a property management company, landlords can sit back and relax, knowing that a real estate professional is taking care of the maintenance and management of their rental.
From providing valuable insights into the state of the investment to screening new tenants to coordinating repairs and inspections, a property manager frees up hours of landlords’ time.
Key Signs You’ve Found the Right Property Manager in Pasadena, CA
Whether you’re searching for your first property manager or considering switching property managers, you’ll want to make sure you’ve found the right one!
A trustworthy, efficient, and organized property manager will make all the difference in both your time and investment.
When choosing the right property manager, make sure they check off all the boxes and exert the qualities below.
1. Excellent Communication
The right property manager should be easy to reach and answer your calls or emails in a timely manner. They should provide crystal clear communication with their responses in a pleasant and friendly tone.
Waiting days for a response from a property manager is a red flag for both landlords and tenants.
2. Super Organized
There are many moving parts when it comes to managing a rental property. From answering maintenance requests to keeping important paperwork on file to keeping up with communications, your property manager needs to be super organized.
3. Financial and Accounting Knowledge
As a real estate investor, numbers are important to you, especially when making decisions regarding your property.
The right property manager will understand the importance of key financial indicators and how to create an accounting report.
4. Familiar with the Local Market
Whether you live in Pasadena or want to manage your rental remotely, your property manager should know the local market. When it comes time to raise the rent, it’s important that they are aware of the average rental price in the area for similar properties.
5. Quick and Efficient Methods
The world of real estate moves fast! You want your property manager to have quick and efficient work methods and processes so they can get things done in a jiff.
The last thing you want is to lose an interested tenant because it took too long for them to receive the lease to sign.
6. Knowledgable About Real Estate Laws
Aside from being aware of the Fair Housing Act, your property manager should be well-versed in local real estate regulations. Laws such as rent control in Pasadena, how to handle an eviction, and rent permits are crucial for property managers to know so that your rental property is always compliant.
7. Clear Property Management Service Packages
When searching for the right property manager, one of the hardest things is to get a straight answer about pricing and services.
The right property manager will be upfront about their management services and packages and have a straightforward price.
8. Positive Online Reviews
Everyone has an opinion that they’re willing to share online, even with property management companies. Peruse the online reviews and see what previous tenants and rental owners have to say about working with them.
Of course, the more positive reviews, the better – don’t let a few bad reviews sway your decision too much.
9. Tech-Forward Property Manager in Pasadena, CA
In the digital age we live in, it’s beneficial for your property manager to have some advanced technology. Online rent payments, tenant and owner portals, and streamlined processes with apps can simplify management for both you and your manager.
10. Local Vendor Connections
The right property manager will have solid connections and agreements with local vendors to perform inspections, repairs, painting, and cleaning. A great property manager may even offer a discount on these services as per their vendor agreements.
11. Offers an In-Person Interview
You want your property manager to give you and your property their undivided attention. If you can sit down and interview a property manager face-to-face in their office, it’s a great sign that they may be the right one for you.
This gives you a chance to ask questions and get to know them a bit.
12. Advanced Marketing Skills
The last thing a landlord wants is a vacant property that loses them money. The right property manager will have advanced skills to market your property listing using high-quality photos and an enticing property description.
13. Proven Track Record
Request to see the property manager’s successes and experience. They should be able to show happy tenant and owner testimonials, provide stories of success, and how they have management issues.
14. Goals are Aligned with Yours
The number one sign that you have found the right property manager is if their goals align with yours. If your goal is to increase property value over the years to maximize your ROI, your property manager should have the resources to help you achieve it.
15. Overall Great Personality
You don’t have to be best friends with your property manager, but you should get along with them. Remember, your property manager will be liaising between you and your tenants, so you want to ensure they’re friendly and customer service-oriented.
Additionally, the right property manager will be a problem solver, think ahead, and have good attention to detail.
Lotus Property Services: The Right Property Manager in Pasadena, CA
If you’ve been searching for weeks or months for the right property manager, look no further!
We’re also proud to have bilingual staff members to serve the local market efficiently with clear communication.
Think we might be the right fit for you? Contact us to see how we can help you manage your rental and maximize your investment!