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Handle Your Rental Assets with a Property Management Company Services

Being a landlord is not as simple as sitting back and collecting the rent. Stress is a growing issue among landlords. Although it can be a great investment, there are stresses that come with the job.

Keeping your business property as fit as a fiddle can take tons of work. Can you oversee renting, take care of the accounts, do repairs, guarantee you are consenting to all municipal, provincial and federal regulations, keep it clean and ensure tenant satisfaction?

Property management is all of that—and more!

If you are contemplating about whether or not to hire a property management company, ask yourself these questions:

How far do you live from your rental property and how frequently can you visit the property on a regular basis?

If you live quite a distance from your rental properties and you have a full-time job, you may want someone to be able to assist your tenants at all times. A Property Management company can be invaluable in dealing with the many spontaneous issues that you may not be able to handle from a distance. Some tenant concerns can wait, but others may call for more urgency.

How good are you at handling stress?

There’s no doubt that property management is a tough and stressful job. Late rents, dealing with the evictions, deposit disputes, property damage and bad tenants are the most common and biggest stress that landlords have to deal with each day. A good property management company will have rent collection process to ensure monthly payments continue to come your way. They can do credit, income and criminal background checks to ensure you have the best tenants possible.

Do you own multiple properties?

As the quantity of units you possess expands, so do your obligations. The more tenants you have, the more issues, complaints, and vacancies you should manage. If you have a property management company hired for your portfolio properties, you can spend more time relaxing and not having to worry about any issues that may arise in your tenant’s home. Your property manager will be on hand to take care of the problem and restore order to your property.

Are you capable of handling the accounting and record keeping for your property?

Sometimes, it’s hard to set aside time for managing bookkeeping. But it is a necessary part of property management for keeping up with your financial records, catching issues and seeing growth opportunities. A professional property manager will be able to provide simple and easy to read monthly accounting statements and all necessary year end statements needed to file your taxes, maintain accurate records on all your tenant related charges and receipts.

How much experience do you have with maintenance and repairs?

In the event that you can’t do the maintenance and repairs, who are you going to call? Finding dependable contractors can take a while and there’s a chance you may unknowingly enlist individuals that are unscrupulous, uninsured, do low quality work, over charge and so forth. Upkeep and repairs are some of the noteworthy aspects of land lording and if you have doubts about your ability to ensure that the work is done well and in a timely manner, you should need to consider contracting a property management company.

Once you have invested in a rental property, the responsibility of maintaining and running the property can quickly become overwhelming. This is where we come in. If you currently own rental properties in Bakersfield, Synergy Property Management can help with every aspect of your apartment investment from acquiring the property to managing and maintaining it.

We offer a wide range of real estate and property management services in Bakersfield, CA. Contact us today!

Landlord Tips: Keeping Your Maintenance Cost Low

It takes more than just owning a property to be a successful and profitable landlord. No matter how well you are doing in the business world, you’re always going to have some financial realities you must conform to. One of them involves keeping up the maintenance, which a property management company can help with.

Budgeting for a home maintenance will let you take care of repairs when they happen and even get into preventative mode to keep disasters from happening.

Here are some simple tips to help limit your maintenance costs:

Sometimes A Quick Fix Is All That Is Needed

Not everyone is a DIY handyman, but you’d be well served addressing at least some of the simpler maintenance issues yourself. You’ll save a ton of money over having professionals do the work and will feel great about your efforts as well. You can also do routine maintenance that can extend the life of your home’s major components and prevent expensive and time-consuming repairs in the future.

Touch It Up!

Normal wear and tear is a fact of life with rental properties. It can naturally occur in an investment property due to aging. Take a closer look around your property and prepare a list of things that need a touch-up, repair, or replacement. Be sure that you are getting the best value and only necessary repairs are being performed.

Security Deposits

A security deposit essentially insures a landlord or property owner against the risk of damage by a wayward tenant. California law states that a landlord can deduct from the tenant’s security deposit for damage or excessive filth, but not for ordinary wear and tear. Make sure to itemized list in writing detailing the costs of your expenses which will prove that damage occurred and that repair costs were congruent with the amount withheld from the security deposit.

Whether you are new to the rental property business, or you have multiple properties, it is important to understand the advantages of hiring a reputable property management company. Property managers can handle just about everything having to deal with your rental unit.

If you’re in need of a full-service property management company in Bakersfield CA, give Synergy Property Management a call.

Renting Properties? Save Yourself A Headache With The Right Bakersfield Property Management

Renting Properties? Save Yourself A Headache With The Right Bakersfield Property Management

Are you a landlord renting a home in Bakersfield? Although it’s possible to manage your rental properties yourself, doing so isn’t always the best decision. This is when hiring a Bakersfield property management can make sense.

Being a landlord can come with pride giving you a reliable and steady flow of income. However, the job isn’t always easy and more of a headache than it is worth with having too many mixed issues that needs to be dealt with on a daily basis.

Do You Need a Property Management in Bakersfield CA?

Dealing with rent issues is one of the most common responsibilities of a property manager. Hiring an experienced property management to look after your rental investments can be a great option that pays for itself in time, energy and money saved.

Below are list of tasks that a property management company commonly performs for landlords:

  • Rent Management – Renting a property requires a lot of work and a high level of commitment, which many property owners don’t have the time or the inclination to put in. One of the most obvious tasks of a property manager is to collect rent. If there are any problems with late payments, the property management deals with these issues so that you can avoid any unpleasant confrontations.
  • Tenant Management – The success of your investment property is directly related to getting quality tenants. A property management can help eliminate unqualified tenants early in the application process, getting you quality renters faster. They are also responsible for handling leases, complaints, emergencies, move-outs and evictions.
  • Maintenance and Repairs – Among the many duties of a landlord is to repair rental property and keep it in habitable condition. A property management company can oversee this in-house maintenance providing your tenant access to an on-call maintenance crew that is available 24/7.
  • Record and Budget Management – Simply put, managing finances will help you make money or lose money. A property manager can help you prepare budgets aimed at estimating the cost of maintaining and improving your properties.
  • Assist With Property Taxes – As a landlord, you need to collect rent on time every month to ensure that your property taxes and other expenses are paid on time. Depending on your contract with your property manager, they will either file the property’s taxes themselves or give you advice on how properly to file your property’s taxes.

When you work with a reliable Bakersfield property management, you can rest assured that you will have a team of professionals that will go above and beyond for you and your rental property needs. This will leave you free of any hassles and lets you expand your rental business or focus on other professional pursuits.

Real Estate Property Management

Real Estate Property Managment

Real estate property management can be very difficult. Here is a quick story of a client from a property that we recently took over.

My client called me today, and we had been in touch previously based on the lack of management his current real estate property management company was doing. He had a contract with the previous real estate property management company.  The investor wanted to honor his contract and hold through until the contract was over.  Then he would have Synergy Property Management take over the property.

A few months pass, and I get an email from this same client asking me to call him as soon as I can.  I made the phone call, the client proceeded to angrily tell me that he would be getting out of his current contract immediately, even though he would incur a pretty hefty fine. According to this client, the previous real estate property management company had rented one of his units to a low income tenant. He was not very happy about this.  However, it would be a guaranteed payment, so he would not have to worry about rental income coming in. The property was supposed to be inspected every six months.  When it was he received photographs of a unit that was still clean and tidy.

It is important to make sure your property management company is taking care of your renters and property!

However, a few months after this event, he was told that he now had a pest problem. Not only did he have a pest problem, but the unit in which they were coming from was in horrible shape according to the real estate property management company. The problem was so bad that the pests had infiltrated the remaining 3 units.  Now he had one more tenant was going to leave. Therefore, he asked Synergy Property Management to take over the property. He wanted us to take control of the property once more. On top of all of this, the client said that the vacancy that was filled was after being vacant for 3 months.

At Synergy Property Management, we aim to never have this story be one that our clients can tell. We aim to take such good care of the properties we manage, that our clients would not think of referring their friends, family, and coworkers to a different real estate property management company.

 

Until Next Time,

 

Sanjeev (Sunny) Advani

– Real Estate Agent / Property Management / Investment

 

 

Real Property Management Bakersfield

Real Property Management Bakersfield

Are you looking for real property management Bakersfield? Do you own investment property? Synergy can help you!

Value Proposition

At Synergy, we are looking to provide our clients with the highest long-term returns, with the most hands off management experience possible. Some way we make sure that we can help are:

  • Technology enabled experience – 24/7 Portal access
  • Low management fees – We only collect a management fee on rents collected
  • Market knowledge – Bakersfield native
  • Analysis – We can help you analyze which property could be best for your next investment

Real property management Bakersfield is what we do at Synergy, and we like to provide our clients with the best experience possible.

Commercial Property Management

Do you own a commercial property that needs to be turned around and leased, and possibly managed better? We can help with that as well, from analysis to determine the best strategy to reposition the building, to the leasing and screening of new tenants, we aim to take the hassles out of commercial property management. Do your CAM charges need to be updated and reconciled? Synergy helps with that as well.

We aim to make real property management Bakersfield an easy and smooth process for the landlords in today’s environment. We will communicate and make the best decisions for yourself and your property. Synergy prospers with our clients growth.

Thanks for your time,

Sanjeev (Sunny) Advani

– Property Management / Investment / Agent

Property Management Bakersfield CA

             Property management Bakersfield CA, is not just a luxury, but it is also a service that can help you with return on investment. Everyone buys their investment property for profit, whether that profit is appreciation, rental income, mortgage pay down, or a combination of these factors. The best way to increase your income on properties is to make sure that your property is constantly in the best possible condition to receive the top of market rents.

If you are working a full time job and saving up money to buy your next property, or if you are aging and getting tired of taking care of your property then it may be time for property management Bakersfield CA. It can be difficult to set aside the time to keep up with your property correctly if it is not your main focus, and when that happens you may start to have problems with the tenants or keeping the property at the top of the market.

Another strategy that we try to employ is getting our clients ready to position their properties for sale. If you have a property that you do not want to keep any more, property management Bakersfield CA, starts working on optimizing that property for sale. It can take some time to set up the property for the correct condition. It may be as low as a few months, but all the way up to a few years.

Property management Bakersfield CA is very useful because it can help free up your time for things that you may deem more important, it can help you set up your property for sale and bring you the highest price possible, and it can help you earn more profit. On top of that, our property management in Bakersfield CA is dedicated to helping you get the most out of your property, and we love to help our clients!

 

  • Sanjeev (Sunny) Advani
  • Property Management / Realtor / Investment

Bakersfield Property Management – Worth it?

In Bakersfield property management is a good service to have. Why would you want a property management company? If you have one or two properties it could be pretty easy to handle depending on the type of property and the type of tenants you have, but have you really done the research on the tenants renting your homes? Do you know if they have bankruptcies, have been kicked out of previous rentals, evictions? A property management service can help with that.

In Bakersfield property management we also tend to have properties that will deteriorate. These properties are older and can need maintenance. There are some landlords that will let the property go and just get whatever rent they can, but this does not optimize your rental to get the most rent possible. Our property management service will help our owners keep their property in good working order to be able to achieve the highest market rents.

When tenants live in a property, there are many things that can go wrong. For example, the tenant can break the stove, back up a toilet, have a leak. Most tenants will call even if there are minor problems, which they could probably fix themselves. Do you have the time to go out and fix all of these problems? Would you want to walk your tenant through fixing a basic problem? Our property management service can help you with these problems.

In Bakersfield property management is a service that is very needed. Even if you have the time to take care of the property yourself, there may be lag time in getting quality tenants due to lack of knowledge on marketing. You may not receive the best leads because your property is not priced correctly, and our company will help with Bakersfield property management pricing.

 

If you have further questions, we would love to help!

 

  • Sanjeev (Sunny) Advani
  • Property Management/ Real Estate/ Investments

Bakersfield Property Management Needed or Not?

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Rentals are fast becoming the largest part of the housing markets. Demographics are showing that people are less likely to buy and more likely to rent, while also showing that affordable housing is becoming less available. In California, the median price of a home is over $500,000 while in the more affordable Bakersfield market, the housing price is much more affordable at around $220,000. Even then a majority of people are moving to renting.

Property management is a large part of the rental economy because it can definitely help grow your portfolio and with a professional property management company, you can even increase your ROI versus self-management.

In Bakersfield, there are a lot of investors that will manage their own properties, and that is a great strategy if you have the time and money, however, with a Property Management Company the fee can be nominal. Right now, we are charging only if rental income is collected, and we will waive our fees if no rental income is collected. On top of that, we will manage all repairs and even before we start charging our management fees. In Bakersfield, this is a great deal, and can definitely free up some much needed time for family, church, or even just some relaxation.

 

– Sanjeev (Sunny) Advani

Property Management / Real Estate / Investment