Management FAQ's
What happens if a tenant does not pay their rent
90% of all tenant delinquency issues are avoided by a strict and thorough tenant screening process. As a result of our adherence to this we have never had an ongoing delinquency issue across our portfolio. In the unlikely event a tenant should fail to fulfill their obligations we respond promptly to enforce the lease agreement.
HOW OFTEN DO YOU INSPECT THE PROPERTY
We inspect our clients once every six months to check the condition of the property and if there are any maintenance items that are going unnoticed and should be taken care of.
HOW DO YOU DETERMINE THE RENT FOR MY PROPERTY?
We complete a comprehensive rent survey that consists of both on and off-market rentals. We call on-market properties to confirm pricing, availability, and market activity. Then, we go through our internal database of rents to cross-reference.
Do you manage townhomes?
Yes, we specialize in managing residential properties, including townhomes, throughout San Diego County. Our services encompass marketing your property, tenant screening, move-in and move-out, rent collection, bill payment, financial reporting, lease management, repairs and maintenance.
Do you handle property accounting?
Yes, property accounting is included in our management services. Our computerized accounting system records and explains every transaction, providing transparent insight into your property’s financial activity monthly. You’ll have convenient access to current and historical Monthly and Year End Reports via your Owner Portal. We also maintain and readily provide duplicates of all work orders and receipts for your year-end tax preparations. Additionally, we furnish a comprehensive annual account summary, streamlining the tax preparation process for you or your accountant.
Can you help me sell my property?
Yes, we have extensive expertise in property sales for our clients. Our owners, Erik Egelko, Lindsey Egelko, and Max Reynolds, collectively have over thirty years of experience assisting clients in selling property. Together, they have effectively sold more than 100 properties, totaling a combined sales value exceeding $100,000,000.
What are your credit requirements for tenants?
When tenants are applying to our rentals, we require a minimum credit score of 650 and a combined monthly income of 2.5x the monthly rent.
What happens if the Tenant damages the property?
We have a detailed documentation of the home’s condition upon move-in and move-out, empowering us with leverage in the event of any dispute over damages. Upon receiving a repair estimate from our maintenance partner, we will deduct this invoice amount from the tenant’s security deposit. The remaining security deposit balance, if any, will then be returned to the tenant along with the repair receipt for their records.
What are the advantages of using a property manager?
Employing a property manager offers numerous advantages. These include conducting rigorous tenant screenings based on their extensive experience, managing property maintenance more efficiently and cost-effectively through their network of trusted vendors, alleviating landlords from the burden of navigating complex legal obligations and reducing risks, and serving as mediators between landlords and tenants to ensure a hassle-free experience. Additionally, property managers provide valuable market insights to aid landlords in decision-making.
What happens if a Tenant does not pay their rent?
In our experience, ~90% of all tenant delinquency issues can be avoided by a strict and thorough tenant screening process. As a result of our adherence to this, we have never had an ongoing delinquency issue across our portfolio. In the unlikely event a tenant should fail to fulfill their obligations, we respond promptly to enforce the lease agreement.
Do you have experience renting to Section 8 tenants?
Yes, we have extensive experience in renting to Section 8 Tenants and collaborating with the housing authority. Although the process of obtaining lease approval from the housing authority can often be prolonged and slow-moving, we have completed numerous new leases and renewals. As a result, we have become proficient in the housing authority’s required inspections, paperwork and procedures, minimizing any delays in the approval process.
How often do you inspect my property?
We inspect our client’s property once every six months to check the condition of the property and see if there are any maintenance items that are going unnoticed and should be taken care of.
How much will my property rent for?
We complete a comprehensive rent survey that consists of both on and off-market rentals. We call on-market properties to confirm pricing, availability, and market activity. Then, we go through our internal database of rents to cross-reference.
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