What Should Out of State Investors Look for in a San Diego Property Manager?

There are two essential things that out of state investors should look for when they’re hiring a San Diego property management company: experience and technology. 

You want a property management partner experienced in working with investors who live outside of the immediate area. You also want to know that they’ve invested heavily in technology so that you won’t have any problems keeping in touch with your management team and following the performance of your properties.

At Onyx Property Management, we work with investors from out of state and even out of the country. We know exactly what is needed to ensure a successful investment experience. If you’re an investor with properties in San Diego, this is what you need to look for when you’re hiring your property manager. 

Property Management Systems and Local Experience

Experience with out of state investors is critical. You need a dedicated team of professionals who are qualified and capable. You’ll need access to resources that will protect your property and serve your tenants. Look for a management company that understands the local market.

As an out of state investor, you need a property manager with extensive residential experience.  Property management systems are critical. There should be protocols for tenant screening and rent collection. Look for processes that address security deposits, maintenance, tenant disputes, late rent, pets, and lease enforcement. Question how these systems function and why they are effective. A good property manager will be quick to explain their methodology and why it helps your investment. 

Investing in Property Management Technology

As an out of state investor, it’s essential that you work with a San Diego property management company that invests heavily in technology. You’ll want access to all the available information pertaining to your property including lease documents, maintenance invoices, accounting statements, and inspection reports. 

Ask about an online platform that will help you stay informed. You want to be able to follow your financial performance and run reports. Good technology will also ensure your property is managed well. Your property manager will fill your vacancies quickly, screen tenants thoroughly, and document maintenance requests and completed work. 

Preventative Maintenance and Routine Inspections 

To protect the condition of your property and allow it to grow in value, the home must be well-maintained. You cannot be there to manage emergencies and ensure preventative maintenance is done. Since you’re far away, you need to know that your property managers will be responsive when tenants call with a repair that’s needed. 

Non-local property owners will need a management team that goes beyond simply responding to maintenance requests. You need a property manager who will take the initiative and ensure that all preventative maintenance is done in a timely manner. You don’t want minor problems to be ignored, because they can become more serious and costly issues. 

Look for a management company that schedules periodic interior and exterior inspections. Make sure your property managers drive by the property once in a while and enter at least once a year to make sure everything is in order.