What new landlords don’t know

Often times, when a new property owner plans to rent their units, they think it will impact their bottom line too much. Wrong! Hiring a company like Fred Leeds Property Management will not only save you time and hassle, it will ultimately make your bottom line greater than you imagines. The next time you consider managing your own properties rather than hiring a South Bay property management company, remember a few key things.

Thorough legal knowledge is necessary
If you don’t have a real estate background, the intricacies of housing laws and regulations can be overwhelming—unless, of course, you’re working with Fred Leeds properties. Property management is hardly limited to finding tenants and collecting rent. There are myriad compliance issues with Fair Housing Laws, as well as the need to protect your rights and handle messy situations like evictions and late rent. Plus, these laws are always changing, which requires landowners to constantly stay abreast. When you work with Fred Leeds Property Management, we ensure that all compliance issues are met and that your rights are protected.

Tenant screenings are not easy or straightforward
Finding quality tenants is critical to your success as a landlord. When a tenant doesn’t take care of your property or damages it, this can cost you money and hassle in the long run. When you work with Fred Leeds properties, we make sure to perform thorough background checks on potential tenants, and interpret the results using our years of experience.

Tips for Choosing the Best South Bay Property Management Company

You may have some properties that you rent out but yet you do not have enough time to manage them. This can be very frustrating as you will not be able to satisfy the needs of people staying ion your houses making you lose them and rent. It is advisable to get the services of a property management company to help you ease your work.

The first and very important tips when looking for a good company is finding out how much knowledge and experience they have in the local market. This will enable you to know if the firm really understands the local needs of tenants and if they have the ability to maintain the competitiveness of your properties.

Have an appointment with staff from the firm before signing any deal. During the appointment the company should be able to give you personalized information on how they are going to improve your income from your houses. The appointment will also help improve you relation with the company.

Ask the company for at least three references. Call up these clients of the company or visit them in person to get their view on the services the firm is offering. Be sure you get to know of the weaknesses and strengths of the company from them.

Many companies always want to keep the money collected in their accounts for long. This is because they want to use the money for other business. The agreement should be that the money be sent to your account as soon the rents are paid.

Does the company you go for have good relation with tenants? A good company is one that has good relation to tenants meaning you do not spend much on re-letting fees Make sure that the company is caring towards the tenants.

The last point that a house owner should consider before settling down wit a certain property management company is the amount of fees they charge. The fees should be cheap and yet with quality services.

Are you seeking out a highly-rated real estate management business around metro LA? Take a look at Fred Leeds Properties. They recently received an “A” review in the LA Better Business Bureau! Having 30+ years of practice in residential and commercial property, you can trust the knowledge and integrity they provide when serving both clients and tenants.

Demand for rentals rises as home ownership declines

As the housing market crashed, many people have shifted to rental situations—resulting in an increase in business for Fred Leeds properties. As this demand grows, we’re increasing the breadth and depth of our services, while maintaining the quality services we’re renowned for.

At Fred Leeds Property Management, we make sure that our property owner has peace of mind and that our tenants are just as happy. As consumers shift from investing in the housing market to renting properties, we’re further refining our skills and abilities, so we can provide the premier services of a South Bay property management company.

When you work with Fred Leeds properties, you can count on your properties being maintained to the fullest, and that you’re protected and taken care of. Here are some things you should look for when hiring an organization to manage your rentals—and what Fred Leeds Property Management strives to provide each of its clients.

1) Strong organizational and administrative systems

2) Thorough tenant screening and background checks

3) A professional, experienced staff

4) Comprehensive knowledge of all compliance issues

5) Goals to continuously improve business practices and increase profit

Building a Solid Network of General Contractors for Your Property

The team at Fred Leeds Property Management knows that whether a repair is big or small, having a solid network of trusted contractors is key to keeping tenants and landlords happy. It will lessen the stress that a South Bay property management company will suffer when urgent issues arise and ensures that pricing is honest and efficient. At Fred Leeds properties, we maintain a reliable network so that we can easily access the most cost-effective person for the job, as well as priority treatment, which can be very handy when a serious issues occurs.

Any good South Bay property management company should have list of specialists for issues like plumbing, electricity and heat, as well as a general handyman. At Fred Leeds properties, we also take the property amenities into consideration when building our networks, so that we have contractors who specialize in maintenance and repairs for swimming pools, fitness facilities and laundry equipment, among others.

To build this network, the staff at Fred Leeds Property Management checks into the contractor’s references, track records with other clients and also compares pricing. We learn about each specialist we work with, testing their knowledge and reliability, while getting to know them as individuals. Most importantly, we don’t get too comfortable—we always check their work!