Good Life Property Management has successfully managed more than 1,400 properties in San Diego and Orange County, since 2013.
As a rental property owner, managing your property is a substantial undertaking. While many think they can manage it as a side-hustle, more often than not being a landlord is the equivalent of a full-time job that can easily become overwhelming. Thankfully, that doesn’t mean giving up aspirations of investing in real estate—instead, it means relying on a property management company.
But when you factor in the cost of a property manager, are they really worth the investment?
According to Steve Welty, CEO and Founder of Good Life Property Management, there are many tangible benefits to working with a property management company.
“Being a landlord is not for the faint of heart,” says Steve. “On the face of it, it seems simple enough—buy a house, renovate it, and rent it out. But to successfully manage a rental property, there’s a lot more that goes into it.”
From screening tenants and complying local, state, and federal to collecting rent and managing ongoing and emergency maintenance, landlords end up with a full plate of tasks to make good on their investment. And when that plate gets too full and things start to fall through the cracks at the expense of the investment, it’s time to take advantage of the benefits that come with hiring a well respected property management company.
When asked why property owners should hire a property manager, Steve shared the following benefits:
- Expertise and experience: Property management companies have the knowledge and experience to handle legal issues, tenant relations, and maintenance efficiently, reducing the property owner’s risks.
- Time-saving: You can put a price on your time, and with a management company you’ll be able to reclaim and reallocate your time and effort.
- Legal compliance: Local, state, and federal laws are constantly changing. Property managers stay up to date to ensure properties stay in compliance with laws to avoid costly legal issues.
- Maintenance coordination: Not only will a property management company take on the middle-of-the-night maintenance calls, they also have established relationships with contractors, ensuring timely and cost-effective maintenance and repairs.
- Improved results: Property owners should see a decrease in vacancy rates, better tenants who stay longer, do less damage, and pay rent on time, and maintenance done at cheaper rates.
Hiring a property management company can make the difference between a successful real estate investment and a stressful one. With expert handling of everything from legal compliance to tenant relations, a property manager frees up your time and ensures your property is running smoothly and profitably.
“Real estate can be one of the most rewarding investments, but I know it’s not without its challenges,” explains Steve. “Our goal—and the goal of any reputable property management company—is to make property ownership a seamless experience for our clients so they can focus on growing their portfolios while we take care of the details.”
About Steve Welty — Chief Executive Officer, Good Life Property Management
Steve Welty is the Founder and CEO of Good Life Property Management. Steve started his real estate career in 2006 as a Real Estate Consultant at Prudential California Realty, and earned the Prudential Rookie of the Year Award. He continued to work in the real estate industry in a variety of roles before he founded Good Life Property Management in 2013. He works with his team to manage single family homes, condos, and small apartment buildings throughout San Diego County and Orange County, California.
About Good Life Property Management
Good Life Property Management has been a trusted property management company in Southern California since 2013. They specialize in long term, unfurnished residential rental properties. The team at Good Life pride themselves on maintaining properties with the highest standards of quality and service so that homeowners can enjoy a hands-off approach to their real estate investment. With offices in Orange County and San Diego, they are committed to ensuring their clients’ rental properties are well-managed and tenants are happy, so property owners can relax and enjoy the Good Life.
About Good Life Property Management
Orange County Property Management Company
