The area of San Diego County is huge in terms of total population. There is also a huge number of rental properties in San Diego county. For any property owner that wishes to rent out their property, this can be a very daunting task just to find a tenant, let alone a suitable tenant. This reason alone is why many property owners have turned towards the hiring of property management San Diego to not only find a suitable tenant for their rental property, but to also manage all of the daily tasks and needs associated with renting a property.
Choosing the Tenant
So how does property management in San Diego go about selecting a tenant? First they will use their own in house resources to find a suitable tenant. If this does not result in a perfect match, then property managers use their resources to advertise the rental property to a suitable tenant. This typically does not take long as they are usually very experienced in where to advertise and how to get the attention of a possible suitor for the rental property.
Screenings of Tenants
Once some potential candidates have been found the screening process then follows. This can involve asking a series of questions, interviewing the possible candidate, and following through with some background screening. The goal of all of this is to first verify that the person is employed and is able to make the monthly rental payments. They are then checked to make sure that they can be trusted to make these monthly rental payments on time when the rent is due. This screening process will not guarantee a completely issue free experience with the tenant, but it certainly does mitigate the risk.
Communication
When the rental agreement is nearing the expiration date, the property management company will always contact the property owner first to make sure that they still want to rent out the property. Also, rental price can be discussed as to whether or not the property owner wishes to raise the rental rate or not. The question is then asked of the tenant as to whether they want to renew their rental agreement or not. If the tenant does not wish to renew their rental agreement, then the property management company will then go through the same process it did before of finding and selecting a suitable tenant for the rental property.
There typically is an additional fee associated with the initial search process. Sometimes these fees can be subtracted from the first month’s rent payment. Other times, the property management company may ask for payment ahead of time. Having the fees subtracted from the first month’s rent does give the property management company a little extra incentive to find a suitable tenant as quickly as possible.
Association Management Group is a real estate management company with more than 30 years of experience in northern San Diego County. This includes property management in San Diego expertise in residential and commercial properties. AMG also has expertise in working with association boards and helping with long term development of properties.
