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Property Management in San Diego – The Effects of New Technology

Technology is an often underused tool in property management in San Diego, but people in the business are turning more and more to innovative ways to manage their properties. The truth is, every aspect of the industry can be time consuming so any chance to make life easier is not only appreciated, but also capable of giving a company a competitive edge.

There is certainly a fine line when it comes to incorporating the right amount of technology and still maintaining a personal touch that most renters or owners desire. Setting up 3D virtual tours, automated tenant notifications (for rent, maintenance, etc.), online applications and background checks, online payment collection, and self-serve options for scheduling showings make the process easier for you and your clients. You still have plenty of time to focus on customer service when meeting with clients but get a lot of the minutiae out of the way.

Similarly, mobile apps allow maintenance workers to receive requests and check on the progress of a job. Workers get to check in and out remotely and are prompted to take pictures of the jobs on which they are working. These apps can often be fully integrated with existing software but they ultimately save time and money. Whether you are involved in commercial or residential property management in San Diego, this is of utmost importance.

There are numerous property management companies in San Diego, the goal is to make yours stand out to attract clients. Successfully using technology to streamline your business and cut down on overhead costs could be a real difference maker. Of course, your sparkling personality, local knowledge, and ability to sell can never be replaced by even the most advanced technology, so be sure to always remain focused on customer service and adding the personal flair to your business that really sets it apart from the competition.

These are just a few ways technology is changing the property management business. If you need more advice or have other questions about how to prepare your rental property, please reach out to Melroy Property Management and Investments at (858) 780-5111. Our professional and experienced staff is ready to help you in any way.

Questions to Ask When Hiring Someone to Handle Property Management in San Diego

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Property management in San Diego is not an easy thing. As a result, many people with rental property decide not to deal with the hassle of managing their property on their own. However, if you do not pick the right property manager you could be just adding on to your responsibilities. Below are some important questions to ask when hiring a property manager.

 

First, you should ask how long the residential or  commercial property management business has been in operation. Property managers with experience in your market are a must. They will know how to address concerns specific to your property and neighborhood and can advise on current trends in the local market. You can follow up the question by asking how their business model has changed over time. This will let you know how they have used new technology and adapted to changes in the industry. Property managers should be able to adjust with the changing times.

 

Secondly, you should ask what services the residential property management service provides. Not all property managers offer the same services, and you could have very specific needs depending on the location and type of property you are looking to rent.

 

Lastly, you should ask if they manage any other properties in your area and how many properties they manage all together. If they manage other properties in your area, they will be aware of certain nuances in the neighborhood that can help you rent your space quickly and get top dollar. However, you want to make sure that the company does not manage so many properties that they will be stretched thin and not give your property the attention it deserves. consider the amount of employees the company has compared to how many properties they manage.

 

These are just a few of the most important questions you should be asking when you are looking to hire a property manager. If you need more advice or have other questions about how to manage your rental property, please reach out to  Melroy Property Management and Investments at (858) 780-5111. Our professional and experienced staff is ready to help you in any way.

Property Management in San Diego – How to Avoid Late Payments

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One of the most common difficulties facing owners dealing with property management in San Diego is dealing with renters who are late with payments. Money that comes in late could lead to you putting off repairs, possibly overdrafting a bank account, or simply being late paying yourself and your vendors. Below are a few ways you can reduce late payments and make your life easier in the process.

 

One simple way for those involved in residential and commercial property management to increase timely rent payments is by creating a payment reminder system. Around three days prior to the due date send out an email blast or text to your renters to make sure they are aware of the impending date.

 

Another way residential property management professionals can increase timely payments is by enabling electronic payment. For many, having to physically write a check, find a stamp, and mail a payment is a hassle. There are software options for making payments online, or you could consider accepting payments through Venmo or PayPal.

 

If late payments are a consistent problem, you might want to consider starting to charge late fees. Some renters might find the implementation of late fees as a shock, but as long as it is implemented fairly and consistently it should not be a problem. Additionally, you need to document all communication mentioning the late fees and you should consider allowing a grace period and not charging for payments sent by the due date even if they were not processed on time.

 

A final, easy way to reduce late rent payments is by hiring a property manager. Your manager can increase communication with your renters, provide valuable expertise, and help implement a stronger payment policy moving forward. Many owners of rental properties have other businesses and daily concerns and tracking down late payments or communicating with irresponsible tenants can be a hassle. With a property manager, this minutiae is handled by an experienced professional, leaving you free to relax and address other concerns.

 

These are just a few simple pieces of advice to keep in mind when dealing with late payments. If you need more advice or have other questions about how to collect rent on your rental property, please reach out to  Melroy Property Management and Investments at (858) 780-5111. Our professional and experienced staff is ready to help you in any way.property management in San Diego

Property Management in San Diego – Design Trends to Avoid When Renovating Your Rental Property

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When you are preparing your property for rental you want it to look its best so you can get top dollar. However, there are certain trends that some renters follow when renovating that are either too costly or could end up turning renters away after the trend passes. Below are some pieces of advice from experienced professionals with years of experience in property management in San Diego.

 

One popular trend that has been noticed by professionals working in both residential and commercial property management is white on white bathrooms. These bathrooms have white walls and fixtures which are meant to make the room look clean and modern. However, they only look good when they are sparkling clean. It is generally easier and smarter to choose a neutral pastel and add natural elements to your rental unit’s bathroom, as it minimizes the necessary upkeep and is equally attractive.

 

Granite countertops are another trend that have been noticed on countless home improvement shows and by residential property management professionals. While it looks nice, granite is expensive and marble, quartz, or treated laminate are much cheaper and similarly durable. Also, with granite countertops being so ubiquitous, a backlash is almost inevitable, meaning that in a matter of years these countertops will look dated and need replacement.

 

Another popular trend from recent years is distressed cabinets. However, more and more renters and owners are realizing that, just like distressed jeans, the cabinets simply look old and used. If you have distressed cabinets, this could even be a good place to start renovations by updating them. Choose a neutral color or finish for cabinets. It is not a good idea to use very light colors because, similar to all-white bathrooms, light cabinets will show dirt, dust, and wear more than a darker shade. Very dark tones, though, like dark gray or black, will make the room look smaller. Light or medium walnut or pine stains, or basic colors such as ivory or even gray-blue, are suitable choices.

 

These are just a few simple pieces of advice to keep in mind when you begin renovating your rental property. If you need more advice or have other questions about how to prepare your rental property, please reach out to  Melroy Property Management and Investments at (858) 780-5111. Our professional and experienced staff is ready to help you in any way.property management in San Diego