Author: Charles Morris


When choosing a property manager, it would be very helpful to have certain criteria by which to evaluate property management companies. Here are some tips on how you can evaluate property management San Diego to ensure you get the best one:

Check Their Financial Records

As a rental property owner, Return on Investment reigns supreme. If the properties managed are doing well, so will the property manager. Check the financial statements of property management companies. It would be wise to go back five or ten years to get a sense of their performance and long-term track record. You can also establish long-term traits about how they like to operate such as if they like to take on a lot of debt or do they retain their earnings to finance future investment. Financial statements contain a lot of truth hidden in the numbers. To uncover the hidden secrets may save you a lot of money and heartbreak in the future. Many corporations have played games on shareholders who were not diligent in their research. Financial records are the starting point of evaluation.v

Speak to Existing Tenants

A real estate investor will often get an outside-in perspective. Having only one side of the story is not nearly enough. Having a discussion with existing tenants offers you the second side of the story. Tenants will offer honest answers in most cases since they do not know you are a prospective client of the property management company. Tenant-manager relations are a crucial part of property management. You can get to evaluate property management San Diego based on how they respond to Customer complaints, how they handle maintenance of the building among other things. More importantly, you get to judge how they solve sensitive issues such as tenant evictions and late rent payments which can cause permanent damage if mishandled.

Speak to Contractors

Some property management firms will have in-house staff for everything they require. However, most will contract third parties for some jobs given the advantages of doing so. These contractors will offer an interesting perspective of the property management. It is better if they have dealt with the manager for some time since they will have a more vivid picture of their character. They will tell how they handle payment and if they seek to minimize costs. You will also know if they compromise on anything be it standards of work or quality of materials so you can get a clear picture of their virtue. Contractors will be brutally honest in most cases and will save you a lot of trouble or make you a lot of money. A thumbs up from contractors is a significant endorsement.

Engage Competitorsv2

Property management San Diego is quite competitive and when evaluating property managers, ask about competitors from others. That will offer a fresh perspective on the issue. Competitors will know the strengths and weaknesses of their competitors, and you can get a sense of who are the strongest contenders in the business. They will have conduct a SWOT analysis on every company they can. Though they may not offer such information, you can gain a lot from even a casual discussion. Ask as much as they are willing to offer and you will undoubtedly have some knowledge of which property managers to follow through on and which ones to discard.

Handling Special Plumbing Issues as Part of Property Management in Huntington Beach, CA

A big part of property management often includes handling plumbing issues. When you manage a beachfront property, such as that in Huntington Beach, CA, you may have some more sensitive and difficult plumbing issues. Here are some of those issues and how you should probably handle them.


Sump Pumps and Waste Water Heading Toward the River or Ocean

Properties located very close to the river that runs through the middle of Huntington Beach and close to the ocean may have sump pumps to keep flood waters at bay. Unfortunately, when tidal waves hit or water rises over the banks of the river, these properties may have a backward flow of waste water. It could be as uncomplicated as excess ocean/river and rain water, or as unpleasant as human waste flowing backward into the properties you manage.

To address this particular problem when it occurs, build up the barrier surrounding the property. Sand bags are cheapest, and most easily moved into position. Upgrade the sump pump motor to help move whatever water comes in and makes it past the sand bag barrier. If there is significant human waste contamination, call a plumbing expert to help pump out the waste and keep it from running into the natural water supply.

Water Salinity Through the Tap

On occasion the tap water that is drawn from the ocean to service the water needs of the residents of Huntington Beach may still be slightly salty. If your tenants or residents call you to complain about the salinity of their tap water, this may be the reason why. Processing the water through a filtration pitcher may help, but if your tenants or residents are still disquieted by the taste of the water, you can try a different approach.

The city’s water department suggests running the tap faucet for several minutes to help flush the saltiness out of the pipes and allow some of the usual water flow through. It also helps to follow the rise and fall of the ocean tides, since some of the ocean water can flow upriver at high tide and move out at low tide. Ergo, waiting until low tide to fill one’s water bottles and pitchers from the kitchen tap may help with this particular problem if it persists.

Water Softeners and Beachfront Properties32d

When the properties you manage are right on the beach, some of them pull and use the ocean water directly from the ocean. These properties do not need additional salt of any kind in their water, so if you have water softeners installed on these properties to help purify the water, use something other than salt pellets in the softener. Ask your local home improvement store associate for alternative water softener pellets, or if your tenants/residents have their bags of water softener pellets delivered, instruct them to use the non-salt pellets.

Contaminants in the Water Supply

On occasion, contaminants still come ashore in the water and contaminate the water supply. When the mayor issues a city-wide boiling directive to keep residents healthy, make sure all of your tenants/residents have received this message and are aware of why they will need to boil their water for awhile. Otherwise, bottled water is always an option at the expense of those living on the properties you manage.


When a building owner needs to find a property management company, there will be a process he or she will use to assess the performance and state of the management company to decide if they are worthy of managing his rental property. Here are few things to do in your evaluation of property management companies.


Consult Known Associates

Those who you do business know much about you and the same goes for property management companies Washington DC. No business runs alone, and a property management business will in most cases have to acquire the service of independent contractors for maintenance and repair purposes. These associates can tell you a whole lot of the property management companies you are vetting. You will find out their business practices and if they have a history of wrongdoing or shortchanging their business partners. If so, you should be very wary and take appropriate action. Such actions may include paying contractors late or trying to circumvent the contract. If the property management firm does that with contractors, it will do the same to a client.

Scrutinize Their Financial Reports

“Numbers are as close as we get to the handwriting of God.” I do not know if that is true, but I do know that if you know how to analyze financial statements, you can find out much about a company even that that is not so readily visible. The health and performance of a property management companies Washington DC will coincide with a rental property owner’s returns. Even worse, they may be doing well, and their clients are doing badly. The agency problem is alive in property management, and a building owner would be wise to put financial statements under a microscope. See if the company has a habit of operating under a lot of debt or if they retain their earnings. Check anything that would suggest unscrupulous bookkeeping in the past and stay away from property management companies Washington DC with such a past.

Get the Opinion of Competitors

“Keep your friends close and your enemies closer.” In business, the saying would be to jeep your business partners close and your competitors closer. Property management companies Washington DC will have done a SWOT analysis of themselves and their competitors and will know who the strongest contenders in the market are. They will offer a surprisingly fresh perspective on other property management companies Washington DC and any rental property owner would be wise to listen. There will be companies that will say that they are miles ahead of their competition and gloat. You should stay from such enterprises for pride comes before a fall. Acknowledge the firms that are confident yet know their opposition.

Talk to Company Employees g2

A company with proper management will manage your property equally well. Employees offer a fresh inside-out perspective of property management companies Washington DC. A rental property owner should speak to both present and former employees to get a sense of the company’s history. Find out how the companies treat their employees. Do they offer them opportunities for career advancement? Do they overwork employees? Is it a result of understaffing? The employees should sound enthusiastic and committed. If the employees of a property management company love and are committed to the work they do, that will lead to solid, satisfactory returns for the business owner.


Evaluating property management companies to find the best is a demanding process. It requires a lot of attention to detail. You are the one risking your capital so you have to make sure your property will be in the most capable hands. You want your returns to be as high as possible for as long as possible. Here is how you find the best property management, Colorado Springs:

Check Their Booksre3

If you are not confident in your knowledge of accounting, bring in an external auditor to go over the company’s financials. The truth in most cases lies in the numbers. You will be able to tell if there has been unscrupulous creative cooking of the books. That will not be the case for the best property managers. Their records will be clean, and they will have made no effort to hide mistakes or poor performance. Accounting should prove transparency in the best property management, Colorado Springs. The firm should also send frequent reports to building owners, and you should scrutinize that too. They should be well organized and detailed.

Speak to Tenants

Tenants will always be the best source of evidence of how the property managers are. In most cases, tenants will be honest. Since property management will not know you spoke to the tenant, they have nothing to lose. You will find out their rent collection processes. Do they have all means of payment transfer? How do they handle tenant evictions? Are they diplomatic or forceful? The way they handle customer complaints will be one of the most crucial issues in your research. The way the respond to tenant complaints will decide occupancy rates and longevity in your rental property. Tenants are your customers and customer service should be the backbone of a property management business.

Talk to Associates

Other parties that will provide priceless information about property management are people who do business with them. Behavior is well reflected in business practices, and if the relationship lasts long enough, you can find out their character. In business, it is not sufficient to find a good deal. You have to make a good deal with the right people. Business associates will let you know how the property management firms do business. Will they try to cheat you out of money? Do their relationships of activities last long? Those are some of the questions that you should ask and be vigilant in finding the truth. Answers to the above queries will sort out the best property management Colorado Springs from the rest of the pack.

Fee Structure

The fee structure of a property management firm tells you a lot of what you need to know about the company. You will find out if they have their clients’ interests at heart or if they will leave their clients hanging in the wind when times are bad. A company with a flat fee structure that is not based on performance is a warning sign. It means that it matters little if your rental property performs well or not, the property manager makes money either way. The best property management Colorado Springs will suffer if their clients suffer and prosper if their clients do. Their fates will be tied. Such a fee structure instills confidence in a building owner. It shows that the manager of your property is as committed to its success as you are.re4

QUALITIES OF THE BEST PROPERTY MANAGEMENT IN SANTA MONICA CA the owner of rental property in Santa Monica, you want your building to be administered by the best property management in the city. The best property managers in the city have certain traits in common. Knowing what these characteristics are will help you know the best property management firms in Santa Monica. The simple is often the most difficult to grasp and most qualities on this list simple virtues yet difficult to practice.


Warren Buffett says, “Honesty is an expensive gift. Do not expect it from cheap people.” The same goes for property management. You will only find honesty in the best property management in Santa Monica CA. Honesty in business is often found in accounting records. The best firms will have a long history of clean records even after auditing by external third parties. The owners of the buildings they manage will assure you that they hide nothing even when things are falling to pieces. That is the hallmark of the best in property management.


The best property managers are a product of focus. Specialization in the property management business means that the firms only manage and do not own property of their own. Even if they do, they will be minimal. That way, they look out for the best interests of their clients and not theirs. More often than not, when doing both, a conflict of interest often arises. The returns of property owners will suffer at the expense of those of the property management. Specialization in property management is vital to ensuring high and continuous returns for rental property owners.


The way the best property management in Santa Monica handles issues is utterly professional. It will be taken care of quickly and effectively. Their professionalism will be evident across the board from handling tenant complaints to the treatment of the company’s staff. Any prospective client should confirm this by speaking to existing tenants of the property, and they will find it to be true. The dealing between property owners and property managers will be handled in equal fashion. They will treat owners with respect and will go the extra mile to ensure every party involved is happy.


The best property management in Santa Monica CA will have exceptional attention to detail which is particularly crucial in tenant affairs. They will not leave anything to chance. They will take into account every factor when marketing your building to increase occupancy rates. They will ensure tenants are happy about the smallest of things such as the building’s finishing and manicured lawns. Attention to detail is critical in ensuring excellent returns for investors. The nuances of property management can be very exhausting, but the best will put in the effort to ensure all is taken care of with utmost care.

They Are Team Players.p_management_img1

Some property managers will insist on having each and every aspect of the business in-house including cleaning, maintenance and repair services. That will not always be the best move. Specialized firms will have the benefit of experience while enjoying cost advantages of economies of scale as a result of servicing many clients. The best property management in Santa Monica CA will be highly adept at making worthwhile and long term partnerships that will not only save money but ensure high-quality work. The best property managers will have the wisdom to know when to have the staff or when to hire independent contractors.