Residential Property Type: Condo/Townhome
Renting out a condo or townhome is like renting a single-family unit, only more complex due to the usual presence of a homeowners’ association. While HOAs are used with many types of properties, condominiums and townhomes are almost always under the governance of an HOA. This means that even renting your property can be subject to various rules and regulations, and once you have a tenant in the property, you need to make sure they are obeying the rules as well. Because this is a complex task, we recommend that you turn to the team at MGR Property Management.
Full-Service Condo and Townhome Property Management Services
MGR Property Management has been helping Southern California property owners manage their rental properties since 1981. Compared to most other property management companies in the area, we have a greater reach, more experience, and more satisfied customers. We operate five fully staffed offices in the area where our dedicated professionals handle all the necessary tasks to keep your property running well. When you come to your consultation, we will craft the package that’s best for your property, including only the services you need without any of the extras.
Our Condo and Townhome Management Services
Whether you’re renting out a single unit or you are looking to rent out an entire condominium complex, we have the management solutions that will benefit you. We take pride in our ability to handle all aspects of the management process, using our experience and training to deliver the results you need. We are confident you will be happy when you work with us.
Here at MGR, we know that when we manage a condominium or townhouse, we are responsible to two entities: you as the owner and the board of directors of your homeowners’ association. In order to keep everything in compliance, we will attend board meetings for you and keep communication open. If you own the entire complex, we can even run your HOA for you to ensure complete compliance from all residents while keeping the governing objective.
Our team is on-call 24/7, ready to answer your questions or help your tenants. In addition to emergency services, we also handle general maintenance of both the indoor and outdoor spaces of your property. When you work with us, your property is always well cared for.
Our Condo and Townhome Administrative Services
Our administrative services are designed to complement our management services. While management focuses more on the property, administrative services focus on aspects such as rental agreements, marketing, rent collection, and accounting. Although all aspects of caring for a rental property have the potential to be stressful, we find that the administrative tasks are often the most difficult for property owners to manage.
To help you get the tenant or tenants you want, we start with a marketing plan, advertising your property in strategic ways that generate interest from your target audience. As potential tenants contact us, we screen them for you and eliminate those that are not a good fit for your property. From there, we draw up the lease and sign the best tenant or tenants for your property.
However, we don’t stop once your property has been rented. Every month, we will collect your rental income for you and update the books to show your income and expenses, noting everything in detail. At the end of the year, we prepare the necessary documents so filing taxes is easy for you.
Should you have trouble with a tenant, which does happen at times despite rigorous screening processes, we will handle this for you as well. We approach the situation looking to manage the conflict if possible. However, if the problem is too severe to address while keeping the tenant, we will initiate the eviction process. We have the experience and contacts needed to handle the process swiftly and legally.
Our Residential Property Management Services
While condos and townhomes are not single-family homes, they are considered to be residential properties all the same. As such, we offer them the same residential property management services we offer single-family property owners. Before you call us for a consult or sign a contract, we want you to know what we can do for you. If you opt to work with MGR Property Management, you will have access to all the following services, plus many more.
- Background checks
- Lease signings
- Monthly rent collection
- Assessment of lease violations
- Lease enforcement
- Fulfillment of service requests
- Hiring vendors for maintenance and repairs
- Expense review
- Lease reviews
- Lease negotiations
- Property inspections
- Tax, mortgage, and insurance payments
Homeowners’ Association Management Services
Due to the nature of condominiums and townhomes, a homeowners’ association is often needed to keep the peace and ensure that communal areas are well maintained and respected. However, it is quite common for homeowners’ associations to struggle due to weak leadership or personality clashes amongst board members. For many communities, the best way to go is to have an independent and impartial committee to govern the association. This is where MGR Property Management comes into play.
If you are the sole owner of the complex or the majority of owners are in agreement that an impartial governing body is needed, we are happy to step in and take over. Our goals are to keep the neighborhood looking great and functioning optimally while keeping everyone comfortable. Some of the tasks we take on when managing homeowners’ associations are:
- Tracking and enforcing covenants, conditions, and restrictions
- Collecting monthly fees
- Collecting violation fees
- Hiring and overseeing vendors
- Keeping reliable records
- Holding regular board meetings
- Taking care of accounting
In addition to these core services, we also offer additional services that help to make your community a better place. We can organize community events, host holiday parties, and even create a monthly newsletter to keep all members of the community informed. Whatever your association needs, we can offer it to you.
Why You Should Choose MGR Property Management
MGR Property Management is a full-service management company that delivers customized solutions. Since 1981, we have brought Southern California the very best in condo and townhome management. For rental income you can enjoy stress-free, work with MGR Property Management.