How to Find the Best Property Management in Los Angeles CountyProperty management companies in Los Angeles County market and manage commercial properties and residential properties. They minimize vacancies by finding new tenants and by caring for the tenants you have. Good property managers are also responsible for repairs and maintenance of your property to keep tenants happy and the property value up. Some property management companies also collect rent and deal with tenant issues.
The following research by The Prime Buyer's Report identifies the best property management companies in Los Angeles County and issues related to hiring them.
Updated January 31, 2013
Top 10 Property Managers in Los Angeles County
433 North Camden Drive #400
Beverly Hills, CA 90210
Areas Served: West LA CA, Beverly Hills CA, Los Angeles CA, Malibu CA, Long Beach CA
|Pacific Shore Property Management|
1232 S La Cienega Blvd Ste 202
Los Angeles, CA 90035
Areas Served: Dowtown Los Angeles CA, Santa Monica CA, Long Beach CA, West LA CA
|WPM Property Management|
2116 Wilshire Boulevard
Santa Monica, CA 90403
Areas Served: Culver City CA, Los Angeles CA, Torrance CA, Long Beach CA, Whittier CA
23805 Stuart Ranch Road
Malibu, CA 90265
Areas Served: Santa Monica CA, Malibu CA, Los Angeles CA, Beverly Hills, West LA CA
|NPS Management Corporation|
9595 Wilshire Boulevard
Beverly Hills, CA 90212
Areas Served: West Hollywood CA, Long Beach CA, Whittier CA, Los Angeles CA, Malibu CA
|Malibu Property Management|
30765 Pacific Coast Highway
Malibu, CA 90265
Areas Served: West Los Angeles CA, Malibu CA, Long Beach CA, Los Angeles CA, Glendale CA
|Acorn Properties Management|
12405 Venice Blvd #381
Los Angeles, CA 90066
Areas Served: West LA CA, Long Beach CA, Santa Monica CA, Los Angeles CA, Beverly Hills CA
|Supreme Property Management|
475 Washington Blvd
Marina Del Rey, CA 90292
Areas Served: Los Angeles CA, Santa Monica CA, Culver City CA, Long Beach CA, Glendale CA
Los Angeles County Property Management Companies Offer a Variety of Property Management Services
Some property management firms in Los Angeles County specialize in either residential or commercial property management and other properties including mobile home parks, retail buildings and even marinas. The type of property you own will dictate the size and expertise of the property management companies you consider.
Responsibilities of Residential Property Managers in Los Angeles County
Residential property management companies in Los Angeles County are responsible for dealing with tenants and caring for maintenance, repair and tenant improvements. They act as a buffer between property owners and tenants and may also collect rent, and pay expenses and taxes.
The main role of a rental property manager (also called an apartment property manager) is to serve as the liaison between the property owner and the tenants. This may include addressing maintenance issues and dealing with past-due rent and evictions. Some residential property managers are also responsible for renting out units, and may deal with rental showings and contracts. They lessen the responsibilities of the building owners by taking on tasks including maintenance appointments and managing tenant improvements. Most rental property managers send monthly reports to the property owners to keep them abreast of financial and property details.
Responsibilities of Commercial Property Managers in Los Angeles County
Commercial property managers have many of the same responsibilities rental property managers do, but they must also have experience managing multiple tenants, property management software and accounting systems, building security and management issues that are unique to commercial and retail spaces. The best commercial property management companies in Los Angeles County also pay the utility bills and expenses.
Commercial and retail property managers take care of the day-to-day maintenance of the property and often market vacant properties and screen potential tenants. Their expertise may also include minimizing vacancies and increasing the income the property generates. Experienced property management services in Los Angeles, Beverly Hills, Santa Monica, Malibu, Long Beach and Redondo Beach can even increase profit by advising property owners on the price of available units based on comparable units in areas including Los Angeles, Beverly Hills, Santa Monica, Malibu, Long Beach and Redondo Beach.
Legal Requirements for Property Management Companies in Los Angeles County
By law, all property management companies in Los Angeles County are required to be licensed real estate brokers. Employees of the property management firms, however, may work under their principal's license.
The Prime Buyer's Report lists these Property Management Companies in Los Angeles County: Acorn Properties Management, Pacific Shore Property Management , Blackstone Management, NPS Management Corporation, WPM Property Management, Supreme Property Management, Monarch Management, Malibu Property Management. Other property managers that might still be in business in Los Angeles County include: .
Hiring Property Management Companies in Los Angeles, Beverly Hills, Santa Monica, Malibu, Long Beach and Redondo Beach CAAlthough state law requires property management companies to have a real estate license, having a license to sell real estate doesn't make a company experienced in property management. So to be sure you're getting good property managers follow these guidelines below.
Step 1: Describe Your Requirements to the Property Management Companies in Los Angeles County
Prepare a list of all the tasks you want a property management service to take care of. Then have ready a full description of the property, income and expense information. Share the same list of tasks and property description with all of the Los Angeles County property management companies you're considering so their proposals to you are for the same services so that you can make a fair comparison.
Step 2: Use the Following Questions to Evaluate Property Managers
You'll learn a lot about the residential property management companies in Los Angeles, Beverly Hills, Santa Monica, Malibu, Long Beach and Redondo Beach and commercial property managers in Los Angeles County by conducting a short interview. You're likely to find the best property management company for you by choosing the one who can answer your questions to the best of your satisfaction.
The following questions will get you started:
• Are the Los Angeles County property managers available full-time or part time?
• What are the hours of operation for property management companies in Los Angeles, Beverly Hills, Santa Monica, Malibu, Long Beach and Redondo Beach? Will they also take care of your property on weekends and holidays?
• How much are local property management company fees in Los Angeles, Beverly Hills, Santa Monica, Malibu, Long Beach and Redondo Beach?
• How many other properties do the property managers manage?
• How strong is their knowledge of the local market?
• What is your property manager's personality like? (Note that poor interaction skills may lead to higher tenant turnover rates.)
• Will the Los Angeles County property management companies outsource their duties to other individuals? Or will they be directly involved in the property management?
• What are the contract terms?
• Do the employees at the property management companies know how to collect rent?
• Can the property managers provide references?
• Do the property management companies in Los Angeles County charge extra fees for property showings, evictions or any extra services?
• How do the property managers in Los Angeles County advertise the rental units?
• What is the average time and cost for them to prepare rental units?
• What has been the average length of time it's taken each of the property management companies to fill vacancies?
• What screening methods do the Los Angeles County property managers use when filling apartment vacancies?
Step 3: Making a Decision Among Good Property Management Companies in Los Angeles County
After you've considered the talents of good residential property managers or commercial property management companies in Los Angeles County, determine which are the best property managers for you.
Regulatory Agencies & Trade Associations Related to Property Management in Los Angeles County
BOMI Building Owners & Managers Institute International (http://www.bomi.org/)
IREM Institute of Real Estate Management (http://www.irem.org/)
NAA National Apartment Association (http://www.naahq.org/)
NARPM National Association of Residential Property Managers (http://www.narpm.org/)
CAA California Apartment Association (http://www.caanet.org/)
Diamond Certified www.diamondcertified.org
BBB Better Business Bureau (http://www.bbb.com/)
Media Regarding Property Managers in Los Angeles County
Commercial Property News Magazine
Property Management Magazine
Commercial Property Management Magazine
The Journal of Property Management
Rental Property Reporter
International Journal of Strategic Property Management
The Prime Buyer's Report provides information for the TOP 10 Property Managers in Los Angeles County within the following zip codes:
90001, 90002, 90003, 90004, 90005, 90006, 90007, 90008, 90009, 90010, 90011, 90012, 90013, 90014, 90015, 90016, 90017, 90018, 90019, 90020, 90021, 90022, 90023, 90024, 90025, 90026, 90027, 90028, 90029, 90030, 90031, 90032, 90033, 90034, 90035, 90036, 90037, 90038, 90039, 90040, 90041, 90042, 90043, 90044, 90045, 90046, 90047, 90048, 90049, 90050, 90051, 90052, 90053, 90054, 90055, 90056, 90057, 90058, 90059, 90060, 90061, 90062, 90063, 90064, 90065, 90066, 90067, 90068, 90069, 90070, 90071, 90072, 90073, 90074, 90075, 90076, 90077, 90078, 90079, 90080, 90081, 90082, 90083, 90084, 90086, 90087, 90088, 90089, 90091, 90093, 90094, 90095, 90096, 90099, 90101, 90103, 90189, 90201, 90202, 90209, 90210, 90211, 90212, 90213, 90220, 90221, 90222, 90223, 90224, 90230, 90231, 90232, 90233, 90239, 90240, 90241, 90242, 90245, 90247, 90248, 90249, 90250, 90251, 90254, 90255, 90260, 90261, 90262, 90263, 90264, 90265, 90266, 90267, 90270, 90272, 90274, 90275, 90277, 90278, 90280, 90290, 90291, 90292, 90293, 90294, 90295, 90296, 90301, 90302, 90303, 90304, 90305, 90306, 90307, 90308, 90309, 90310, 90311, 90312, 90401, 90402, 90403, 90404, 90405, 90406, 90407, 90408, 90409, 90410, 90411, 90501, 90502, 90503, 90504, 90505, 90506, 90507, 90508, 90509, 90510, 90637, 90638, 90639, 90640, 90650, 90651, 90652, 90660, 90661, 90662, 90670, 90671, 90701, 90702, 90703, 90704, 90706, 90707, 90710, 90711, 90712, 90713, 90714, 90715, 90716, 90717, 90723, 90731, 90732, 90733, 90734, 90744, 90745, 90746, 90747, 90748, 90749, 90755, 90801, 90802, 90803, 90804, 90805, 90806, 90807, 90808, 90809, 90810, 90813, 90814, 90815, 90822, 90831, 90832, 90833, 90834, 90835, 90840, 90842, 90844, 90846, 90847, 90848, 90853, 90895, 91301, 91302, 91376 and 91377
The Prime Buyer's Report provides information for the TOP 10 Property Managers in Los Angeles County within the following cities:
Alondra Park, Atwater Village, Bel Air, Bell, Bell Gardens, Bellflower, Beverly Crest, Beverly Hills, Beverlywood, Boyle Heights, Brentwood, Carson, Catalina Island / Avalon, Century City, Cerritos, Cheviot Hills, Compton, Crenshaw, Culver City, Del Rey, Downey, Eagle Rock, East Hollywood, East La Mirada, East Los Angeles, East Whittier, Echo Park, El Segundo, El Sereno, Gardena, Glassell Park, Glendale, Hancock Park, Harbor City, Harbor Gateway, Harvard Heights, Hawaiian Gardens, Hawthorne, Hermosa Beach, Highland Park, Hollywood, Hollywood Hills, Huntington Park, Inglewood, Koreatown, La Mirada, Ladera Heights, Lakewood, Larchmont Village, Lawndale, Lomita, Long Beach, Los Angeles, Los Feliz, Lynwood, Malibu, Manhattan Beach, Mar Vista, Marina del Rey, Maywood, Mid-Wilshire, Montebello, Montecito Heights, North Whittier, Norwalk, Pacific Palisades, Palms, Palos Verdes Estates, Paramount, Pico Rivera, Pico-Robertson, Pico-Union, Playa Vista, Rancho Dominguez, Redondo Beach, Rolling Hills, Rolling Hills Estates, San Pedro, Santa Monica, Sawtelle, Signal Hill, Silver Lake, South Central L.A., South Gate, Torrance, Venice, Watts, West Carson, West Hollywood, West L.A., Westchester, Westlake, Westwood, Whittier and Wilmington