Lofty Property Management

Frequently Asked Questions

• What are the types of property management?

  Property management covers different types of property: residential property, commercial property, recreational property, as well as storage facilities and assets. At Lofty, we focus on the residential niche of property management in La Jolla and other parts of San Diego.

• What services are included in property management?

  For homeowners or landlords looking to make smart choices in the best interest of their property in La Jolla or other communities in San Diego, hiring a reputable, longstanding property manager is a fail-safe solution to protect their investment by having an experienced professional handle and oversee the daily operations pertaining to their real estate investment.

  Full-service property management typically includes:

  • Performing a rental analysis report to determine the realistic property value
  • Carrying out regular property maintenance with urgent repairs and non-stop emergency service
  • In-depth screening of tenants with thorough criminal background checks
  • Coordinating move ins and move outs based on a step-by-step protocol and detailed guidelines

  With us, you get a property manager who will strive to make the process of move ins fast and convenient and make the move outs to and from La Jolla and other San Diego locations amicable and painless.

• Is it worth having a property manager in San Diego County?

  Purchasing a piece of real estate is always a sound financial decision, especially in a neighborhood like La Jolla and a city like San Diego. But being a landlord can be a full-time job. 

  Except that it does not have to be. A property manager can spare you headaches and take stress and hassle out of your day. When you have a responsible and skilled property manager in La Jolla on your side, you do not have to bother with irresponsible tenants, high repair costs resulting from neglect, overdue rents, rent reminders, or evictions. 

  Contacting Lofty Property Management means you will have a partner who will help you stay on top of things and make the most of your investment, both in the property itself and in your property management service.

• How do you evaluate a property manager?

  Instrumental in running business operations smoothly and efficiently is the ability to distribute resources rationally and optimize processes. Sometimes, it is difficult for landlords and rental property owners in La Jolla and other communities across San Diego to keep up. Tasks keep piling up and something is bound to fall through the cracks, unless you are willing to be fully committed to the role of your own property manager.

  In situations like that, local property management companies in La Jolla can prove to be an invaluable asset and actually make your property manageable.

  Consider the following factors:

  • The company’s workload and number of employees
  • Attention to detail
  • Client-oriented approach
  • Tenant screening and selection process
  • Scope of tenant relations
  • Handling repairs and maintenance

  During our initial consultation, we can answer all your questions and address your concerns so you can decide for yourself if we are the property management company that you need.

• What do property managers do for you?

  Property managers can help you maximize profits and help you get a high return on your investment. They will look after your property for you by taking prompt steps to prevent damage which may result in complicated and costly repairs. Trusted property managers can also provide a non-stop emergency service designed to safeguard you against such eventualities.

  Aside from emergency repairs and preventative maintenance, property managers are in charge of screening tenants, addressing any concerns and complaints from the tenants, and handling rent and rent payment schedules.

  At Lofty, we use an automated system to track rent payments and maintain seamless communication with clients and tenants alike. 

  Do property managers handle evictions?

  Another vital benefit of property management services is that they handle evictions and move in and move outs, which can be stressful, hectic, and time-consuming for all parties involved. One of the main roles and responsibilities of a competent property manager is to safeguard you against accepting suspicious tenants which could put you at risk of inconveniences and evictions and compromise the reputation of your property. 

  Here at Lofty Property Management, we strive to prevent evictions by running detailed screenings of potential tenants and managing your property in La Jolla or other communities in San Diego responsibly. So far, we have had zero evictions.

• What are the roles and responsibilities of property managers?

  Property managers have three major roles, each with its own set of responsibilities:

  Managing tenants and handling tenant affairs

  The property manager is responsible for attracting or tracking down potential tenants through diverse listings and screening them thoroughly. The screening process covers checks of credit, income and rental history, as well as criminal and sex offender database checks.They are also the main point of contact for tenants. It is the managers that tenants turn to when they have any requests, concerns, complaints, issues, emergencies, and similar situations.

  On-time collection and disbursement of rent

  Property owners delegate all their landlord duties to property managers, and rent-related responsibilities fall under the same category. Property managers are required to make sure the process goes smoothly and that the tenants are making their payments right on schedule. Advanced technology is employed to save tenants time, promote on-time payment, and facilitate the process of paying and collecting rent.Throughout the process, our property managers monitor rent fluctuations and inventory changes in the market reflected in changes in property rental value. We will supply you with up-to-date information which is vital to drafting mutually beneficial lease and lease renewal contracts.

  Maintenance and repairs

  Responsible landlords who invest in the regular maintenance and prompt repairs of their property on an ongoing basis are protecting their investment in the long run. Aside from creating the optimal conditions to bring higher rent, handling property maintenance with diligence attracts responsible tenants who will recognize and appreciate your commitment. Last but not least, a well-maintained property that requires little to no investment will retain high sale value, especially in a community like La Jolla in San Diego, CA. Besides, with Lofty Property Management, maintenance issues are handled promptly and continually, which means you are not at risk of having repair costs get out of hand.

• How do property managers check rental history?

  Property managers conduct an in-depth screening process. It is in their best interest as well as their own that they find quality tenants. After all, they are the ones who have to deal with tenants directly, so by going the extra mile to shortlist the best candidates, they can effectively minimize the hassle of dysfunctional tenant relations and the risk of having to handle evictions. At Lofty Property Management, we are meticulous about the process of finding tenants for your property from start to finish. In our line of work, there is little room for slip-ups.

  At Lofty Property Management, we conduct complete background checks on all potential tenants in La Jolla and across San Diego. Our verification process consists of several steps:

  • identity,
  • income,
  • credit history
  • rental history.

  We care about transparency. When informing potential tenants that they do not qualify for your property, we always provide the legal reason why we had to turn them down.

• How does hiring a property manager work?

  If you hire Lofty Property Managers to manage your San Diego property, we will take over your role as the landlord and assume all your tasks and responsibilities, from handling technicalities to managing rent and performing maintenance.

  But before you hire us to perform your property management in La Jolla or one of the surrounding neighborhoods, we will put together a Free Rental Analysis Report. This will give both you and us a realistic, fact-checked idea of your La Jolla property value. 

  To give you an accurate rent range based on an in-depth analysis of your property value and equip you with the knowledge you need to make informed, forward-thinking decisions concerning the future of your property, we will run comparisons with similar properties in your area through a step-by-step process which includes:

  • Examining vacancy rates
  • Inspecting rent trends 
  • Forecasting cash flow
  • Gaining insight into other relevant metrics

  This knowledge you gain from our report can be beneficial down the line: you will be able to have an educated conversation about your property which may come in handy if you ever decide to put it on the market.

• How do you know if your property manager is doing a good job?

  You want your property manager to be proactive and always stay on top of things, to do their job responsibly and provide a consistent standard of service, to be responsive and keep you in the loop, which means they must meet certain requirements:

  • Regular updates and ongoing communication on all important matters
  • Maintenance and other requests handled in a timely manner
  • Quality tenants
  • High long-term occupancy rates
  • Low vacancy rates
  • Low eviction rates

  At Lofty Property Management, we are fiercely committed to providing a comprehensive service to the highest industry standards and being the go-to property management company for communities in La Jolla and other parts of the city. Contact us now and we will show you that we meet expectations and deliver results.

• Who are the best property management companies in La Jolla and San Diego, California?

  The real estate market is a fiercely competitive one, and the only way to outshine the competition is to raise the standard of service quality and keep it there. As one of San Diego and La Jolla’s most in-demand property management companies, we pride ourselves on our zero-eviction track record and well-coordinated process of connecting responsible property owners with equally responsible tenants which leaves both parties satisfied and reassured. 

  As professionals with experience in the property management business, we take no chances with amateur contractors. We collaborate solely with reputable contractors who have already demonstrated their real-world working knowledge and professional competency of the tasks at hand. We also strive to secure competitive bids for any maintenance or paperwork to be done on your property.

  We can ease your burden and keep your property in La Jolla or other parts of the city in tip-top condition. Secure your investment and protect your peace of mind with Lofty in your corner – property management company La Jolla deserves. Contact us today!