What Services Does a Palm Desert Property Management Company Offer?

What Services Does a Palm Desert Property Management Company Offer? - Article Banner

Experienced investors know that working with a professional Palm Desert property management company can lead to higher rental incomes, lower expenses, and fewer frustrations. If you’ve never worked with a property manager before or you’ve had a bad experience, we want to tell you what you should expect. 

Your property manager should be a partner. There are a lot of day-to-day logistics for your management company to manage. But you also want them to be thinking long term, about your success and your investment goals. A good property manager provides a lot of services. An invaluable property manager helps you achieve your investment goals and have a better rental experience. 

Palm Desert Leasing and Tenant Placement 

The first services you should expect from your property manager involve marketing your property and leasing it to a well-qualified tenant. 

The leasing process, when executed successfully, will help you reduce your vacancy time. It will ensure you have plenty of interest in your property and that ultimately a great tenant is approved for and moved into your rental home. 

  • Property managers will help you prepare your home for the rental market. This might include recommendations for upgrades and updates that will increase your rental value and attract better tenants. 

  • Your property manager will also price your property accurately and competitively, with your maximum profitability in mind. It’s a balance between not overpricing your property (which leads to vacancy) and not underpricing your property (which costs you money). You can count on the experience and the data a property manager provides. 

  • Marketing your property includes professional photos, a well-written description, and the ability to syndicate your listing across multiple rental sites in addition to the property manager’s own website. 

As tenants begin to express interest in your property, you can expect your property manager to provide showing services, application collection, and tenant screening

Once a great tenant has been selected, your property manager will handle the negotiation and execution of the lease, collect all of the move-in funds, and conduct an inspection that will adequately and accurately document the condition of your property.

Routine, Emergency, and Preventative Maintenance Services

Another huge service provided by property managers in Palm Desert is maintenance. 

Maintenance includes emergency maintenance, routine maintenance, and preventative maintenance. 

This is perhaps one of the best reasons to work with a professional property manager in Palm Desert. You have access to your property manager’s maintenance resources. 

When your tenant has an emergency in the middle of the night, your property manager will respond immediately. There’s a plan in place for how to keep the tenant calm, how to diagnose the problem, and how to respond in a way that mitigates further damage and solves the immediate issue. You won’t get the call late at night, and you won’t have to scramble to find reliable vendors. 

When routine repairs and replacements are needed to protect the condition of your investment, your property manager will schedule the necessary work. Professional managers have a network of preferred and reliable vendors who are licensed, insured, and able to provide outstanding work for affordable prices. 

Preventative maintenance is just as important as emergency and routine repairs. Those routine service calls and inspections of your HVAC system, plumbing, and electrical systems are going to save you money in the long term and prevent expensive emergency repairs. 

Ongoing Management: Lease Enforcement and Rent Collection 

Collecting rent seems like it should be pretty straightforward, but you might run into tenants who pay late every month or don’t pay at all. 

Your property manager will implement a rent collection policy that ensures rent comes in on time. Property managers will enforce your lease agreement and hold your tenants accountable when necessary. 

You can also expect services such as:

  • Regular property inspections. These provide the peace of mind that your tenants are doing what they’re supposed to do and meeting all of your expectations and their obligations. 
  • Tenant relationships and tenant communication. If a tenant falls behind in rent or is discovered to be violating the lease in some other way, you won’t have to worry about disputes or confrontations. Your property manager will handle everything, from communicating with tenants to serving the proper notices to following up. You should be kept informed of all developments, but not bothered with taking care of the details. 
  • Handling lease renewals, rental increases, and move-outs. When a lease ends, it’s your property manager who will talk to your tenants about their plans to move out or renew the lease.

You need to trust that your property manager will handle all of these things with ease and consistency. Processes and systems should be in place already.

Financial Services: Reporting and Bookkeeping 

A Palm Desert property manager will also take care of tracking your income and expenses so you know exactly how your investment property is performing. 

When your property manager invests in good property management technology, you’ll have access to an online portal where you can clearly see when rent was paid. You’ll have those funds deposited automatically into your account, and you’ll have a clear and transparent record of the income you earned and the money you spent on your property.

Compliance with California Rental Laws

Renting out a property in California has become more complex. Your property manager will keep you aware of and compliant with all state, federal, and local laws that pertain to:

  • Fair housing
  • Security deposits
  • Section 8 tenants
  • Screening practices
  • Habitability standards
  • Rent control 
  • Just cause evictions

There’s a lot to keep up with, and your property management will ensure you’re not in danger of making any expensive legal mistakes. 

Save Money

Many landlords worry about the cost of professional property management, but it actually ends up saving you money. You’ll find that you can earn more with better tenants and fewer vacancy and turnover costs. Your maintenance expenses will be lower and you won’t have to worry about costly errors that can easily be made. Your property is protected and more profitable when it’s being professionally managed. 

If you’d like to talk about our service specifically, we’d be happy to tell you more. Please contact us at Xepco Properties.