The Covid-19 pandemic caused a disruption in the rental market across the country, with San Francisco facing some of the largest disruptions. However, the market in the area is rebounding. Average rents have increased 12% compared to last year.
Managing your own investment property can be daunting and time-consuming. By working with a San Francisco Bay real estate management company as an investor, you may have an easier time and increase your ROI.
Let’s take a look at how to find a San Francisco bay property management company.
How a San Francisco Bay Real Estate Management Company Can Help
If you’re a real estate investor, freeing up your time is key. By using a San Francisco Bay residential property management company, you can keep your investment hands-off, while still bringing in profits.
This can be especially helpful if you don’t live in the same area as your property. Some investors live in completely different states as their property, while others live across town. Either way, not having to travel there to take care of maintenance and any other management tasks is key.
Landlord-tenant laws change over time. A management company can more easily stay up to date with applicable regulations. As they change, they will make sure you are compliant. This lowers your risk of facing a lawsuit or other penalties.
Finding a Property Management Company in San Francisco Bay
The process of finding a property management company as an investor can be a little daunting. A quick Google search may bring up a number of different options in the area. However, you want to find a company that is reputable and can meet your unique needs.
Local Knowledge
Choosing a property manager with extensive local knowledge is critical in the San Francisco Bay area. They’ll be able to help you navigate the special concerns mentioned earlier. In addition, they can help you get the most out of the local market.
A property management company in San Francisco Bay can help you market your property and get the best rent price. This is important because you want to be able to find trustworthy tenants. You also want to charge fair, but profitable rent prices.
Experience
In a similar way, choosing a property management company with specialized experience is helpful. For instance, a company that focuses on commercial properties will not be able to manage a residential property as well.
Services and Fees
When choosing a property manager, you should carefully consider what services you need and what your options offer. Do you want a full-service manager or only specific services?
Common services include tenant placement, rental unit management, property marketing, and maintenance.
You should also compare the fees between companies while keeping their services in mind. While you may pay more for additional services, you will also save time and hassle by not dealing with the tasks yourself.
Processes and Resources
How the company executes its services can also tell you a lot about how well your relationship with it will go. For example, a company that thoroughly vets potential clients with credit checks shows that they understand the importance of finding good tenants. You can rest assured that they will pay more attention to the details involved in managing your property.
Reviews
Once you’ve narrowed down the list of potential property management companies, you should read any reviews and testimonials you can. Some companies will provide testimonials for you. You can also use sites like Google My Business to find additional reviews.
Get Started in Real Estate Investing in the San Francisco Bay
Finding a San Francisco Bay real estate management company can make investing in real estate a lot easier. Make sure to thoroughly vet your options and choose a company that meets your needs.
If you’re ready to get started managing your San Francisco Bay property, contact the Kenny Realty team.
Evan has been in the real estate and property management field for 6+ years. He is experienced in working with first time home buyers, is an Accredited Buyer’s Representative (ABR®), Seller Representative Specialist® (SRS) and Seniors Real Estate Specialist®(SRES®). He also works closely with Kenny Realty owners, getting their rental properties rented as quickly as possible. Evan is responsible for monitoring rental market conditions and advising our owners on market rates. He has outstanding communication with all clients he works with, keeping everyone in the loop at all times. He is the third generation of the Kenny family to practice property management on the peninsula.