Property Manager Shares Advice for Your First Rental Property - New Landlord Tips!
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Published 2022-09-13
Today we're sitting down with Tyler Mehl with Belmont Shore Land Company to learn more about the ins and outs of managing a rental property in Southern California.
0:00 - Intro
0:55 - Is it necessary to hire a property manager?
2:53 - Is hiring a property manager entirely hands-off?
3:34 - Can I use a vendor or service of my choice?
4:11 - Does hiring a property manager take my liability away?
5:28 - Are there more or fewer vacancies nowadays?
6:52 - Have rental prices ever dropped?
9:53 - How to deal with tenant evictions?
11:52 - Are tenants still paying their rent?
12:44 - Where is the best place to advertise rental listings?
15:02 - How do you properly turn down an applicant?
15:48 - What questions to ask when interviewing applicants?
17:13 - What are the most common repair requests?
18:05 - How to make sure that plumbing is in good shape?
19:37 - What to do when tenants want to make repairs or renovations?
21:06 - What to do after purchasing a rental property?
24:06 - How to deal with a tenant doing Airbnb rentals?
25:26 - What are the different types of management fees?
27:52 - Why do property management companies have bad reviews?
30:12 - How to increase the rental value for tenants?
34:09 - Final Takeaways
#realestateinvesting
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Juan is a Licensed California Real Estate Broker that has acquired his Certified Commercial Investment Member (CCIM) designation and a Real Estate Investor who is dedicated to helping people build wealth and financial independence through real estate investing.
Juan specializes in selling multifamily apartment units as well as residential properties. He prides himself in locating value-added properties that maximize the client’s investment yields. Juan is a detail-oriented entrepreneur.
Today he handles everything from finding, funding, designing, managing, and selling investment properties. His diverse experience in commercial and multifamily real estate allows him to develop and navigate a wide range of projects.
BRE 01417642
www.SageREGroup.com
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All Comments (10)
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My issue is vendors. Management companies, can not be trusted to find you the best deal when it comes to repairs.
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Hey Tyler, so great to see you on video. As a past tenant, I'll just say Tyler is incredibly truthful and helpful. He is who you see in this video. I do miss Long Beach. I wish you continued success Tyler!
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Great discussion! Thanks guys!
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I have a management company and pretty much every month i see new charges in portal. Ive asked them prior to charging us anymore to discuss it with us, but they don't. Today i woke up to them charging 450 for a ceiling fan i didn't authorize or get to choose. Is there anything i can do on owner side so at least it's not a monthly thing because I'm considering switching and i truly don't even know if I'm allowed to.
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Thoughts on section 8 properties in Ohio?
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May I ask which jobs can one change after working as a senior property manager or officer with professional qualification for 20 years please?
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So true that property managers tend to have poor reviews more because of tenants than owners. I'm sure having a good property manager goes a long way in keeping tenants though, so do you have suggestions for finding a good property management company? What are your thoughts on using software even if you have a small portfolio?
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Late fees does the property manager receive the late fees or the owner? Thanks
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Repairs is probably the bigger downside of property managers, they hire anyone hey want and not necessarily the best deal for the owners. And they don’t exactly advocate how the repair came to be needed in the first place when not all of them are due to wear. 🤨
