Residential Property Management in Southern California
Single-family residential rental properties are abundant throughout the thriving communities of Los Angeles, Orange, San Diego Counties, and the Inland Empire. The owners of these properties share a range of common problems and challenges. They may also face a number of issues that are unique to their specific situation or preferred ownership approach. While some rental property owners may feel well-equipped to handle the details of their business dealings, most will benefit greatly from the expert oversight provided by experienced, reliable management professionals.
Whether you need minor help or major assistance managing your one-to-four-unit, single-family rental property, call on the time-tested expertise of MGR Property Management. We specialize in all aspects of successful oversight, from day-to-day onsite issues to recordkeeping, vendor contracting and other vital background responsibilities. With four area locations and a customizable approach that maximizes value, we present you with real-world solutions for your pressing ownership concerns.
We Provide Full-Service Property Management Services for these Residential Property types:
Single Family Home
Single family homes are homes intended for a single family unit, differing from residences designed to house multiple families. Available in a variety of sizes, these homes can be as small as 1 or 2 bedrooms, or very large with various bedrooms and bathrooms. Single family homes are popular for couples and families since the space is more private than in apartment buildings and duplexes or triplexes where other families are more likely to share walls and outdoor space.
Condo / Townhomes
Condos and townhomes are two different types of residences that share a lot in common. While condos are either part of a large building or built side-by-side, townhomes are typically built side by side in rowhouse style. Each of the condos or townhomes often share the same floorplan as the neighboring units. In this type of home, there are often some perks for owners.
Multiplexes
Multiplex homes are larger homes that are divided into several smaller apartments. Multiplexes are typically smaller than apartment buildings, and have more character. Tenants in these buildings share outdoor space and may also share a parking garage. Multiplexes can be a great alternative for renters who don’t want a whole home to themselves, but also don’t like the feel of large apartment complexes.
Marketing, Advertising and Tenant Acquisition
Virtually all owners of single-family residential rental property rely on marketing and advertising efforts to draw qualified tenants to their vacant homes. For this reason, MGR Property Management begins working on your behalf with a comprehensive marketing and advertising strategy. We’ll use this ongoing strategy to draw interested applicants to your properties. Once applications are received, we’ll conduct thorough background vetting and follow up with lease signings for those candidates that meet your standards for occupancy.
Rental Unit Preparation and Inspection
No residential property is truly suitable for occupancy unless it undergoes rigorous advance preparation. In addition, every rental unit you own must go through an inspection process designedto identify potential problems and maintain the property in habitable condition. Our services include detailed property preparation that leaves your vacant spaces ready for even the most demanding clientele. We also carry out regular property inspections that address all possible areas of concernand keep your vacant and occupied spaces completely up to code.
Rent and Fee Collection
Prompt and reliable rent payment is a must for owners of any kind of tenant-occupied property. And when payments don’t occur on time, you must also have a reliable mechanism in place for assessing late penalties and collecting the resulting fees. At MGR Property Management, we handle all aspects of rent and late fee collection for each single-family residential tenant under our purview. This full-service approach includes monthly billing, scheduled rent collection and the issuing of all past-due notifications and fees, as well as late fee collection.
Rule Enforcement
When tenants sign leases to occupy your residential property, they agree to all of the terms and conditions outlined in these legally binding documents. However, not all tenants live up to their agreements. As a result of this unfortunate fact, smooth, active rule enforcement plays an important role in successful rental property ownership. MGR supports your goals by regularly checking each of your occupied units for potential lease violations. And when appropriate, we note specific issues and follow through with suitable, non-confrontational enforcement efforts. We also help ensure that your tenants adhere to any site-specific norms you have established (e.g., recycling and parking guidelines).
Requests for Service
All longtime owners of residential rental property are familiar with the need to provide routine maintenance services for their tenants. They also must respond promptly to emergency issues. As a rule, tenants who don’t feel they receive adequate routine and emergency services will not remain occupants for long. With our round-the-clock, voice mail-equipped phone system, MGR helps you respond appropriately to all service requests that fall within the scope of your ownership responsibilities. Even in the dead of night, we’ll make sure all issues are registered and receive the proper attention.
Vendor and Contractor Oversight
In order to efficiently deal with routine and emergency situations, you must also have access to reputable vendors and contractors. MGR Property Management helps ensure the quality and reliability of your contractors/vendors by conducting ongoing reviews of all service providers. In addition to making sure that each provider upholds its contractual obligations, we look for ways you can trim your future costs while keeping performance at a desirable level. If you like, we can also connect you with trusted regional contractors/vendors with firmly established reputations for excellence.
Bookkeeping
In order to efficiently deal with routine and emergency situations, you must also have access to reputable vendors and contractors. MGR Property Management helps ensure the quality and reliability of your contractors/vendors by conducting ongoing reviews of all service providers. In addition to making sure that each provider upholds its contractual obligations, we look for ways you can trim your future costs while keeping performance at a desirable level. If you like, we can also connect you with trusted regional contractors/vendors with firmly established reputations for excellence.
Income and Expense Verification
There is another important step in maintaining the fiscal health of your residential rental property business: reliable review and verification of your income and expenses. Without this type of oversight, you could easily fail to identify unnecessary expenditures that gradually bleed cash from your operation. Our available services include a complete income/expense review and verification process. Specific important steps we take include:
- Making sure your current and future rental rates maximize the market value of your property
- Looking for any potential discrepancies in your rental property leases (regarding matters such as base rents, special lease concessions and lease modifications), and
- Ensuring that each tenant in your single-family dwellings carries sufficient insurance coverage
Compensation for Our Services
MGR Property Management believes that the hiring of a residential rental property manager should be a value-added experience. That’s why the majority of our fees come from a small, fixed portion of your monthly gross receipts on the properties under our supervision. When circumstances require, we may also include additional charges for work performed at individual locations. This streamlined approach helps you keep your overall costs firmly in hand.
Southern California’s Trusted Property Management Resource
For two generations, MGR Property Management has provided residential rental property owners throughout Southern California with the region’s most complete and cost-effective management services. Day and night, we focus on the details of effective property oversight. At the same time, we never lose sight of the big picture of convenience and fiscal responsibility. Whether you own just one single-family unit or dwellings spread across multiple locations, you’ll find customizable services that fit your needs to a tee. Call today for more information and a detailed consultation on the optimal management approach for your unique circumstances.
MICHAEL G. RADEMAKER
People Serving People
MGR Property Management has developed a reputation for meeting the expectations and the needs of you, our client. We strive towards setting a high standard of excellence and maintaining that high standard. MGR Property Management continues its research of the Southern California real estate market to find out how to best serve our clients and ensure their financial success.
“We treat client investments like it’s our own.”
Brad B. Rancho Cucamonga, CA
3/20/2017
I would highly recommend this company to anyone who is interested in having their rental property managed or to a prospective lessee looking for a place to rent. I have positive dealings with this company and seen first-hand how dedicated the property managers are in each regional office. The staff adheres to all your needs in timely fashion. I will keep continuing my business relationship with this company as I have always seen auspicious results.