Renewal

We are starting to shake off the pandemic. California still has restrictions on evictions, but these will soon go away. Landlords in San Diego can begin to concentrate on routine matters that are very important to the cash flow of a real estate portfolio.

A very significant guarantee of solid income is the lease and its renewal. Leases come up for renewal every one or two years, and a good tenant must be kept. Residents who have proven themselves to be mindful of the property, are easy to get along with, and have consistently paid on time are the type of people that a landlord in San Diego wants to keep.

Some Renewal Tips

We will assume that you may have some great tenants whom you would like to stay. Rental homes in San Diego are subject to the rent increase ceilings, and you must be aware of that. A good idea is to make sure that the lease is consistent with any changes in the law that can affect it. Here are some other suggestions.

1. Be flexible about overdue payments. Anyone can get into a budget crunch or forget to pay the lease. There is no need to come down hard on a good tenant if they made just one or two mistakes. An excellent way to prevent this is to have an electronic transfer of the rent money.

2. Make it worth their while. Free Wi-Fi is what a remote worker appreciates. However, you can go one step further and offer a security system for the house, protecting their property and yours.

3. Trust is essential. A lease renewal can be influenced by the relationship developed with the tenant. Landlords in San Diego must be willing to nurture a positive rapport with good tenants. It does not take much. Simple things like a gift card on a person’s birthday or holiday greetings can create an excellent relationship.

4. Respond quickly to any emergency. For example, if the air conditioning breaks down or if there is a significant water leak in the house, respond as fast as possible. The same holds for any sudden power outage; that might not be your fault but find out what is wrong. Good service is critical to keeping tenants in San Diego.

5. Are you there? Absentee property owners in San Diego cannot develop relationships or assure good service. If you own rental property in San Diego County, you must be willing to be available to answer any questions, preferably within 24 hours.

Make Things Easy for Yourself

Landlords in San Diego who have an extensive real estate portfolio might not have the time to nurture friendships with every dependable tenant. There are only 24 hours in the day, and sometimes owners feel like they are working 25, and there are significant demands on what little time is available. You do not have to carry the burden all by yourself.

Property management companies in San Diego are experts at tenant service and relationship building. These professionals can ensure that the five points mentioned above are part of managing the property. Alta Vista Properties is one of the best third-party managers in the area. As a result, we can convince tenants to renew their leases.

Experience Matters

We are a property management company in San Diego that prides itself on service. We establish relationships with all tenants that make everything convenient for these people. We have a page on our website for reporting emergencies, and we set up electronic transfer protocols with every new tenant. We care about those who pay rent, and we have a high retention rate with all our clients. Tenants appreciate all we do for them, and so do our clients.

Please do inquire at any time about our property management services. You can reach us at 858-274-3600 or by email at info@altavistaProperties.net. We look forward to hearing from you and answering your questions.