G Infinity
Property Management
Our Services
Choosing whether or not to use property management companies is a hard decision for many real estate investors. Some wouldn’t dream of investing in real estate without a property management firm in place before closing on a respective deal. Others, however, struggle to break free of the “do-it-yourself” mindset that prevents them from accomplishing more. As it turns out, using a property management company isn’t as obvious as we would like to assume.
You may ask yourself questions like “What does a property management company do?” or “Are property management companies worth it?”
If for nothing else, the benefits of using a property management company far outweigh the negatives. It is fair to say the argument stems from the cost one must absorb to work with a property manager. The cost isn’t so much a negative, but rather an investment. While it does cost money to hire a third-party manager, you can rest assured you will find that it’s well worth the price. Additionally, involving us could very easily increase the chances of growing your bottom line.
If that’s not enough, here are some of the important tasks a good property management company will contribute to your rental portfolio .
Professional Property Management
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Collect Rent from Tenants
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Handle Maintenance & Repairs
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Collect from Defaulting Tenants
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Marketing of Vacant Property
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Detailed Records & Reporting
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Simplify Your Taxes
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Draft & Execute New Leases
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Rental Market Surveys for Rent
Rent Collection
Collecting rent is one of the most obvious tasks of a property manager. However, if that’s all property managers did, it would certainly be harder to justify hiring one – especially with online payment capabilities. Of course, that doesn’t mean collecting rent is easy by any means. If all of your tenants are paying their leases upfront in full and you don’t mind paying a great law firm when things don’t go right, you might wait to evaluate all of the services. Yet, most real estate investors are not in that situation. Some operate in markets where it is a battle to reel in the rent every month.
Property Maintenance
Dealing with tenant maintenance calls is perhaps the biggest driver for real estate investors to enlist the help of a property manager. It isn’t just about the maintenance, however. Dealing with the tenants can often be the biggest challenge. Sometimes their needs aren’t big or expensive, but the timing and urgency are. It may be blocked and back-flowing pipes on the weekend or locked out in the middle of the night. Many of these calls can irritate a landlord, but if they are always treated that way, bigger issues with renters and rental property performance are sure to arise. Rapid and responsive customer service is needed to optimize income properties.
Our professional team will deal with these requests, alleviating you from the burden. If it is small, the requests may be handled internally. Larger and more complex issues may be delegated to outside specialists. Sophisticated property investors normally have a property management agreement that authorizes the company to handle up to a certain dollar amount of repairs without needing express permission first. This streamlines the process and ensures issues don’t get worse if you can’t be reached.
Our property management company can call for regular inspections and routine maintenance such as:
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Lawn Care
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Pressure Washing
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Preventative Maintenance
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Plumbing Issues
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Fixing Appliances
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Drywall Patching
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Anything Else A Tenant Might Need
Our team will essentially act as the “middle-man” and connect tenants with the necessary services.
Bookkeeping
Bookkeeping is probably the least fun part of real estate for most investors. Simultaneously, great bookkeeping and invoice handling are critical for minimizing taxes, keeping the best vendors, and generally keeping the cash flowing. If your property manager throws this service in for free, you had better take advantage of it. If not, there’s no reason you can’t hire someone to manage your books. Rental properties are best left as a passive investment, after all. Conduct the appropriate research to uncover a good bookkeeper in your area, and determine whether their services will bring value to your own business.
Marketing for Tenants
This is a lot more work than some understand at first. A good management company is taking on the cost of marketing for tenants, showing units, and screening prospective renters. There is a lot of expertise brought to the table here. It may be the most valuable thing property management companies offer. Then there is supervising move-in and move-out activity.
Dealing with Defaulters
This goes beyond slow payers to those seriously in breach of their leases. They could be more than a month past due or be risking the condition of your asset, or the police could be involved in a criminal issue. Sometimes these things can be worked out directly with renters. In other cases, it may require lawyers or even going to court. A property management firm can handle this for you and save you a ton of time and stress in these situations. Having a professional third party in between can often speed up better solutions than a DIY landlord that may be an easier target for malicious tenants.
Message Us
G Infinity Property Management
8549 Wilshire Blvd. #2275
Beverly Hills, CA 90211
888.692.3922
