If you own a property, whether it is residential or commercial, having a property manager can be very beneficial. Property managers take care of the day-to-day duties that are involved with your building so that you can focus on other business ventures or simply spend your time relaxing.
If you need the best property managers in Orange County, get in touch with Lido Property Management today. Our property managers have extensive experience taking care of apartment buildings, single-family homes, and more! With years of experience and certifications, you won’t find a better property management company anywhere. Call today to learn more!
In today’s post, we will look at some of the main duties that property managers take care of, and what you can expect when you begin your work with Lido. These main duties include:
- Setting and collecting rent
- Finding new tenants
- Take care of maintenance
- Manage budgets and records
Setting and Collecting Rent
As you are preparing to rent your property, finding the proper rent price can be a real hassle. If you list it too low, you will not get the most from your investment. If you list it too high, you will have more trouble renting it out. Your property managers can help! We have extensive experience and follow the trends to know exactly how much each property should be rented for. We will always find a fair price for everyone involved!
Find New Tenants
If your property is sitting vacant, you aren’t making any money! Screening new tenants is difficult, and if you do not have experience you may miss some crucial information during the process. Some properties, neighborhoods, or apartment complexes simply have a higher turnover rate than others due to a wide variety of circumstances. When you work with property managers, you won’t have to worry about making sure your space is filled. At Lido, we have extensive tenant screenings and retention plans. We always will find you a high-quality tenant within a reasonable amount of time — sometimes even before the current tenant has fully moved out!
Take Care Of Maintenance
Owning a property means that you are the one that must take responsibility when something is broken. Your property management company will be the ones to handle any maintenance issues or emergencies, so you don’t have to worry about being woken up in the middle of the night with maintenance problems. Lido works with a trusted group of maintenance contractors, and we provide 24-hour maintenance service to tenants in the buildings we manage. This way they are taken care of, and they’ll want to stay in your property for longer.
Manage Budget And Records
Property managers must act responsibly and within a budget for each given building. This budget will include:
- Tenant rent
- Maintenance issues
- Annual upkeep
- Property fees
At Lido, we will always work with you to discuss the perfect budget for each building or property we manage. Different places have different needs, and we will help you find the best way to care for each one.
Along with the budget, the records must be immaculate! Our team will prepare monthly reports for you to show rent, property history, tax information, and any other report requests you may come up with.
The Benefits of Property Management
As you can see, partnering with a property management company can save you a lot of stress and increase your revenue. Real estate is a great investment, but it is easy to get caught up in the difficulties and start losing money rather than gaining it. Property managers take care of the daily ins and outs to allow you the peace of mind knowing your home, apartment building, or other property is being cared for.
Property Management in Orange County
When you need the best property managers in Orange County, get in touch with Lido Property Management. We have worked in California and the Orange County area for more than 30 years, and we will always support owners and tenants with high-quality service. Our clients trust us because we provide honest and knowledgeable advice and service. Call our office today to learn more about how Lido can help your property become even more profitable for you! We look forward to working with you soon.