Collecting Rent Becomes Time-ConsumingMost likely, landlords will not try to go door-to-door in collecting rent. Nevertheless, getting rent by mail can be a hassle. It means that the money arrives haphazardly with some rent on time while other people are a little bit late. This isn’t going to help cash flow and ordinary bills must be paid. A landlord risks having a cash shortage when least expected.
Dealing with a Diverse Population of Tenants
Someone who owns one or two rental units can develop a good relationship with the residents. In fact, it can almost be a first name basis and a landlord knows what to expect from each person. However, having a larger real estate portfolio with multiple rental units will result in all kinds of people occupying the rental space. Landlords may have some difficulty keeping up a close relationship. Furthermore, it can be difficult keeping in mind what problems certain tenants are having, whether it is with rent or following the lease.
Coordinating Any Repair Activity
Even if a landlord works only with a select group of contractors, there still is the problem of coordinating repair work. It is possible several units need work done at the same time and there can be delays. A landlord must be able to check the property periodically to see if there’s any damage. Unfortunately, it might be almost impossible to schedule these inspections.
Managing a large real estate portfolio with multiple rental units is time-consuming and the chance of mistakes happening is large. Therefore, it would be better to deal with a property management company in San Diego who can serve as a third-party. Such a situation will permit a landlord to allow someone else to handle much of the routine work. Alta Vista Properties is one of the best property management companies in San Diego.
We Do Good Work
Alta Vista Properties has worked with landlords in the area for years and we understand how to manage the properties effectively. We use electronic transfer for the collection of rent and our clients get their money at a specific time each month.
At Alta Vista Properties, we keep up to date with the building codes in the metropolitan area and make certain that our landlords are compliant. With us, there is no need to worry about the repair work being done. We work with a group of contractors who will do a professional job on any repair and only bill for work performed. Alta Vista Properties maintains a strong relationship with all tenants and we carefully screen prospective tenants when any vacancy arises.
Please do inquire at any time about our property management services. We can be reached at 858-274-3600 or by email at info@altavistaproperties.net. We look forward to hearing from you and answering your questions.
