What Does A Property Manager Do?

The manager of your income property will take care of the property according to your wishes that are completely detailed in a Management Contract. All of the contracts we use are those created by a team of Attorneys hired by the California Association of Realtors. They spell out for your agreement how we are paid and the services we perform:

We relieve you from the day to day worry of managing your property with the knowledge and experience of experts.

We find and qualify tenants, with applications we verify, with credit reports, and confirmation of references.

We present a lease contract for your approval, according to your instructions, once we have picked a tenant.

We generate and complete all paperwork needed to lease and manage the property including a move in and move out inspection, proper insurance forms, and disclosures required by law. We make sure you comply with all laws regarding landlord tenant relations.

We maintain the property and repair all items needing repaired according to law and your instructions.

We respond to emergencies as they come up including sending repair personnel immediately to protect the property. We keep you informed as we go.

We provide you with monthly statements of income and expense and disburse the net check to you or as agreed.

We prepare and send you a 1099 and full income and expense report and paid bills for your tax preparer each year.

We follow all laws that apply to landlord, tenant and manager relations.

We reduce your risk of loss by requiring tenant insurance and landlord liability insurance.

When work on the property needs done which is more than normal upkeep and repair we can, with your approval, oversee that work. There is a reasonable additional fee for this.

Other service options at minimal fees include direct deposits of your net checks into your bank branch locally.
We do recommend you establish a single bank account for all of your banking for your property. Your accountant will love it and you will better identify the income and expenses attributed to your investment.