Are you still unsure about becoming a landlord in Menifee, California? If so, here's a statistic that will make this career even more attractive:
According to ZipRecruiter.com, the city's landlords make an annual average salary of $92,349. Top earners even take home as much as $159,770 a year!
However, realizing your rental's maximum income potential involves committing yourself to the job 24/7. But if you can't, don't worry. A full-service property management firm can take over most, if not all, of your landlord's chores and duties.
Join us at PMI Smarter Solutions as we share some of the top benefits of partnering with a full-service property management solutions provider.
1. Simplify Legal Compliance With Menifee, CA, Rental Laws
Self-managing rentals require familiarity with federal, state, and local rental housing-related laws. As NOLO explains, some of the tenant-landlord laws in California include:
- Federal and state laws on fair housing
- Mandatory landlord disclosures
- Required notices for rent increases and lease modifications
- Limitations on security deposits and return timeline
- Eviction laws
If you fail to abide by those laws, you can face legal trouble, fines, and penalties.
So, don't risk it. Instead, hire a full-service company offering property, tenant, and landlord management services in Menifee, CA.
As real estate experts, property managers understand all the laws surrounding rental housing in the city. They'll help ensure you and your rental business comply with these rules.
2. Enjoy Comprehensive Property Services
A full-service property management company can help you throughout the entire leasing process. Some of the services you can expect are:
- Property marketing and advertising
- Communicating with applicants
- Coordinating property showings
- Screening and placing tenants
- Serving as the contact point for existing renters
- Providing accounting and financial reporting services
- Overseeing property inspections, maintenance, and repairs
- Helping you enforce the lease
- Collecting rent
Rest assured, the most reliable property management firms can also help protect you from evictions.
For example, our company, PMI Smarter Solutions, offers eviction protection plans. They automatically cover tenants we screen and existing tenants after seven months.
When these protections kick in, we'll handle the process on your behalf. We'll even cover up to $2,000 of allowed eviction-related costs.
3. Access to Expert Tenant Management Solutions
Reputable property management companies provide landlords and tenants access to innovative online portals. With this platform, your tenants can:
- File maintenance requests online
- Pay rent online
- Access crucial lease documents, such as copies of the agreement and tenant screening reports
Of course, you and your tenants can also contact your property manager whenever you have questions or concerns.
Maximize Investment Property Benefits With Full-Service Property Management
Simplifying legal compliance and delivering comprehensive property services and landlord/tenant solutions are some of the top perks of hiring a full-service property management firm.
All those should be enough reasons to partner with PMI Smarter Solutions. Choose us, and you'll enjoy access to our 17+ years of experience managing properties and a portfolio of 3,500+ units. As licensed real estate professionals, realtors, and home loan originators, we can help make managing your Menifee rentals manageable.
Call us today so we can give you a free property consultation!
