Property management companies in California manage both commercial and residential property. The clients must remember to ask about and inspect the kind of property the companies specialize in. For commercial property, the management office should ideally be located within the commercial building itself so that the complaints of the tenants can be easily attended to. For residential property, the managing company's office should be close to the house so that problems can be solved as they arise. The companies allow the customers to have free time to look for more profitable deals.
Some of the major property management companies in California are as follows:
L B Property Management Inc: The primary concern of the company is the success of the client's property. The company has innovative techniques of ensuring highest occupancy. Some of the types of property managed by the company are Homeowners Association (2-49 units),Homeowners Association (50-99 units), Homeowners Association (100+ units),Condominium Association (2-49 units),Condominium Association (50-99 units), Condominium Association (100+ units),Multi-Family (2-4 units), Multi-Family (5-19 units), Multi-Family (100+ units), etc.
A & E Real Estate Services, Inc: This company provides computerized bookkeeping, frequent and random property inspections, timely rent collections and bill payments, preparation of annual budgets, detailed tenant and on-site personnel screenings, low eviction rates, complete maintenance services, etc. The management fee is 3-10% of gross rent and the owner's check is paid by 15th of the current month.
Fidelity Management Inc: Types of property managed by the company are Homeowners Association (2-49 units), Homeowners Association (50-99 units), Homeowners Association (100+ units), Condominium Association (2-49 units), Condominium Association (50-99 units), Condominium Association (100+ units)
DMM Property Management: This is one of the top management firms in the state. The types of property managed by the company are Single Home or Condo ($500K to $1 Million), Single Home or Condo (Over $1 Million), Multi-Family (2-4 units), Multi-Family (5-19 units), Multi-Family (20-99 units), Multi-Family (100+ units). The company collects monthly leasing commissions.
Information about the property management companies can be got from property management magazines, Online information about real estate and property, property management softwares.
