On our blog today, we’re talking about the five reasons you should choose Santa Barbara Property Management as your property manager.
Increased Property Values
We can show you how comprehensive tenant screening and minimal capital improvements can increase the value of your property by up to 40 percent. That may sound outlandish, but we have done that with four of our multiplexes in the last six months. These are real numbers based on equal cap rates. It’s not a function of the market. It’s a function of our aggressive property management techniques.
The tenants we place stay in the property an average of four years. That is probably one of the lowest turnover rates in the state of California. People who rent from us and deal with our management company are very happy. Happy tenants will always lead to happy owners. When tenants stay in place, we know they are satisfied with the way we take care of issues or problems that they might have. That saves owners a lot of money on turnover.
No Maintenance Markups
We do not mark up our maintenance costs. Most other property managers in this area will mark up outside contractor maintenance costs by as much as 100 percent. We don’t do that by one penny. We enjoy relationships with local vendors and they know we have a book of business to pass along to them, so we get aggressive pricing and we pass those savings on to you.
No Vacancy Fees
We do not charge for vacancy. We generally don’t have vacancies with our properties, but when we do have a vacant home, we don’t charge the owner for that time. It’s up to us to get that property re-rented and we don’t feel an owner should pay for down time.
We offer management rebates on the sale and acquisition of property. We take our contractual relationship with you very seriously, and if you decide to sell a property or acquire another one, we can offer rebates through our sales staff. All of our owners are very pleased with the way we handle this side of our business.