You may be wondering what property management services in Mission Viejo may look like. Simply, a property management company oversees the operation, control and oversight of a residential, commercial, or industrial real estate property. Essentially, the property management company acts for the landlord.
In addition to any maintenance that may be required for a property, a property management company is responsible for vetting and placing suitable candidates in your properties. This begins with advertising your property via several methods to get the most prospective tenants. The property management company is responsible for collecting applications and the necessary fees for credit and reference checks. Once a tenant is approved, we also ensure that the rental agreement is properly signed and executed. This helps protect the owner’s rights.
Monthly responsibilities include collection of rent on time, payment of all required bills such as utilities/maintenance, income/expense reports and disbursements to the owner. Annual responsibilities would include annual income and expense summaries for tax purposes. In the event of an eviction, the property property management would manage that process.