Hiring the right Property Management
Can anyone recommend a reputable property management company here in Los Angeles ca? I have a Duplex. Fully Occupied. This being my first rental, should I find a property management software instead? If so, which software?
Quote from @Kenneth Cisneros:
Can anyone recommend a reputable property management company here in Los Angeles ca? I have a Duplex. Fully Occupied. This being my first rental, should I find a property management software instead? If so, which software?
I think self-management is a good goal, but only if you are willing to put in the effort to study the market, know the laws, develop policies and procedures, etc. You are in the most litigious, heavily regulated place on earth, so I highly recommend you spend a lot of time studying. Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO. Written by attorney investors, it's full of practical advice pertaining to management of investment property, has sample forms that can be edited, and - most importantly - they tell you what your primary state laws are and where you can read them. It's updated every year and is the best $40 you'll spend as a Landlord. There is one book for 49 states and a separate book for California.
I also recommend joining the California Apartment Association or some other group that can provide training, forms, legal help, or networking opportunities.
Quote from @Nathan Gesner:
Quote from @Kenneth Cisneros:
Can anyone recommend a reputable property management company here in Los Angeles ca? I have a Duplex. Fully Occupied. This being my first rental, should I find a property management software instead? If so, which software?
I think self-management is a good goal, but only if you are willing to put in the effort to study the market, know the laws, develop policies and procedures, etc. You are in the most litigious, heavily regulated place on earth, so I highly recommend you spend a lot of time studying. Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO. Written by attorney investors, it's full of practical advice pertaining to management of investment property, has sample forms that can be edited, and - most importantly - they tell you what your primary state laws are and where you can read them. It's updated every year and is the best $40 you'll spend as a Landlord. There is one book for 49 states and a separate book for California.
I also recommend joining the California Apartment Association or some other group that can provide training, forms, legal help, or networking opportunities.
Nathan,
I genuinely appreciate your advice!
Yes! I will purchase "Every Landlord's Legal Guide."
