A DIY San Diego Property Manager May Harm Your Neighborhood

Investing in real estate has typically been a good investment during the last five decades. Most investors can count on real estate even though it has had its ups and downs. With the increasing number of investors comes a similar increase in DIY San Diego property managers, in an effort to minimize expenses by managing the property on their own. But, for many, being a DIY property manager is a low priority. The majority of rental property owners have other jobs (or even other properties), and property management becomes only one of their many responsibilities. Poor quality of service is the outcome. It may not be because of a lack of knowledge, but people can only do so much. This can result in poorly screened tenants, inconsistent maintenance, and a number of other issues. DIY property managers don’t realize that improper management can lead to issues for both the property owner and the rental property’s surrounding neighborhood. This in turn can result in a decrease in area property values.

Responding promptly to maintenance requests may be difficult for a DIY property manager. As a result, an eyesore can appear in the community and affect property values. Through hiring a valued and reputable San Diego property manager, you can help your property maintain its long-term value.

An alarming 51% of DIY property managers don’t perform simple background and credit checks on new tenants. That figure alone is startling. If tenant screening is not done well, tenant turnover most likely increases, and even worse, you may have tenants that have serious payment or legal issues. No investor can afford tenants who do not pay rent regularly, or who have legal problems.

Some DIY property managers don’t realize that by not using a professional property manager, they could be sentencing their rental property to an early breakdown. Seasoned real estate investors believe that a good return on your rental property requires a good property management team. As such, a professional San Diego property manager is not only helpful, but necessary for a successful investment.

Realevate Specialists assist investment property owners with a number of property management tasks, such as determining market rental rates, advertising vacancies, showing properties, screening tenant applications, leasing, maintaining and evaluating the property, and also assisting through the eviction process when needed.

 

If you’d like to learn more about our services, contact us online or call at 858-997-2100 (Mission Valley) or 951-461-0100 (Temecula).