Owner FAQs
Answers to your common questions
-
Am I required to make my property available to Section 8?
There is no law currently that requires an owner of any property to make it available to Section 8 applicants. Should this change in the future, we would be sure to let you know. -
Are you licensed?
Yes, we are licensed by the California Department of Real Estate. Our corporate license number is 01862268. -
Can I reach you after hours?
Yes, I would be happy to give you my personal cell phone number at the time of signing our management agreement. -
Can you put the money directly into my account?
Yes, we deposit rent funds electronically into our owners accounts on the 10th of each month. -
Do I get to see the lease or sign it?
I would be happy to give you a copy of our current lease if you want to review it. There is no need for you to sign the lease as our management agreement gives us the authority to sign lease agreements on your behalf. -
Do you sell real estate too?
Yes, Brian has had a real estate license since 1988 and a brokers license since 1992. He is still involved in real estate sales but only for past clients and referrals. -
How is rent collection handled?
Rent is due on the 1st of each month and we give our tenants a 3 day grace period. Our tenants have the option to pay their rent by electronic transfer, credit card, check or money order. Late rent payments are not tolerated and incur a late fee and could make the tenant subject to eviction proceedings. -
How long of a lease do you sign?
We typically sign a 1 year lease agreement when a tenant moves in. After the first year, we will either do a 1 year extension or allow the tenant to go month-to-month. -
How much security deposit do you charge the tenant?
The security deposit is usually equal to one month’s rent. -
How soon can you start managing my property?
We can start managing your property as soon as you are ready. -
What type of properties do you manage?
We manage all types of residential properties including single family homes, condo’s, townhouses and small apartment buildings (15 units or less). -
What type of reports do I get and how often?
We will send you a monthly owner statement which details all financial transactions on your property during the month. We can also include more detailed reports like Cash Flow, Comparative Income Statements, Balance Sheets and many more. Just let us know what you need and we will send it. -
Who holds the tenant security deposit?
We generally hold the security deposit because it is easier for most of our owners when it comes time to return the deposit. Although, if you prefer to hold it, we can accommodate that as well.