For the record – we are not property managers. We are Realtors and only represent those who are buying and selling real estate. However, we do know a thing or two about property management companies and their practices.
In the Santa Clarita Valley we have two types of property management companies.
- Those companies who only manage real estate and refer buyers/sellers to a “preferred” agent
- Those companies/agents who represent both buyers and sellers of homes plus represent landlords in the management of their rentals
We have done Housing Radio shows in the past speaking about how renters/tenants can keep themselves safe. The points highlighted on these past shows pertaining to renting real estate were the following:
- Make sure you find out who the owner is
- Get license information from the person representing the owner
- Check on a “rental/lease” agreement and crosscheck parties involved
- Don’t make any “forced or time is of the essence” cash deposits, this is a red flag
- Don’t fall for pressure from the “representative” – this is also a red flag issue
Of course, there are “real people” wanting to represent themselves regarding the rentals they own. This is great and the bullet points mentioned may not all apply.
With rentals/leases like these – find out who the owner is and match that intel up with the person who is offering the property as a rental.
Rental management companies who only handle rentals – Maybe your best option.
However, make sure these “Rental Management” companies are not tied too closely with the real estate agents they use to sell those rentals. If that is the case, get some disclosure in writing from the Rental Management company about their “real estate agent relationships“. (I love full disclosure)
Rental Management companies and agents who do both – You may have issues with the truth in this case. “Is there really no one who wants to rent my home?”, which maybe too honest of a question.
Get proof of advertising – Have the property management company include your email on any advertising or develop a google account which cc’s your email and their. Use that email for the advertising. That way you know what leads are coming in, at least via email. Some will be able to produce logs and phone records, depending on how advanced their systems are for property management.
Getting the true intel when wanting to lease our or rent your home is very important. Having feedback which is of an honest nature from the property management company is also equally important.
Yelp/Zillow and other review sites are sometimes not accurate. Reach out to the rental/lease company directly and get a dialogue established. Then back up everything you are told in an email recap and get a response to keep you safe.
Reach out to me when you are ready. Although we do not represent any tenants or landlords with the leasing or management of their properties, we do know the best in the Santa Clarita Valley cities. I’m here when you are ready. Connor T. MacIvor.