Mclean Company Blog

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5 Tips for Selecting the Right Property Management Company in Palm Springs

30 Sep

Property management is vital to the success of your real estate portfolio. Whether you manage your properties or an expert property manager takes them on, someone has to be responsible for the daily care of rentals and tenants. Investors looking to grow their portfolio often struggle to scale their investments without a company to handle the property management services, including finding tenants, make-ready, handing over the keys, collecting rent, handling maintenance, and so much more. Choosing the right property management company in Palm Springs, California, can be daunting. Real estate investors have many factors to consider, and it’s easy to get overwhelmed by the options. However, finding the right property management firm can reap significant dividends for your rental investment and build a lasting relationship for you and your tenants. Today discuss five tips that will help you find a reputable Palm Springs property management company that is the right fit for your needs. 1. Get

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6 Reasons You Should Hire a Palm Springs Property Management Company

22 Sep

Choosing to manage your rental property on your own can be an overwhelming and time-consuming process. A property owner has to set up utilities, collect rent from tenants, handle maintenance issues, and make sure that everything is in working order before you can place quality tenants. If you don’t have the right experience, it can lead to stress and lost revenue. When you hire a Palm Springs property management company, they’ll take care of everything for you! Here are six ways the right property managers ensure that your property is well maintained and generating the revenue you need for success. 1. A Property Management Company Can Help Find Tenants If a property sits empty, landlords don’t get paid! Professional property managers know how to find the best tenants in the shortest amount of time to reduce your rental income loss. They take high-quality photos of the property, write an effective listing, find quality tenants,

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The Best (and Worst) Rental Property Upgrades In Palm Desert

17 Sep

You may be wondering, “What are the best rental property upgrades for my Palm Desert, CA rental property?” Well, we have some great tips that will help you decide what to do with your rental home to attract quality tenants, increase your returns, and reduce maintenance issues. Whether you’re interested in increasing the rental rate or keeping your home competitive with nearby rentals, there are specific updates that can make a big difference. Not sure where to start? We’ll tell you about the best (and worst) rental property upgrades from the perspective of a Palm Desert property management company. Up-to-Date Rental Properties Boost Returns Why should real estate investors consider putting money into a rental home? If the flooring, appliances, or paint colors are outdated, you might be losing money (without realizing it)! Property owners make more money when they know what Palm Desert area renters look for and deliver homes that meet

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How to Write an Effective Listing for Vacant Palm Springs Rentals

08 Sep

Dealing with lengthy vacancy times can quickly affect your bottom line without rental income coming in. A well-written listing for vacant Palm Springs rentals can make all the difference to a potential tenant. Quality tenants are more likely to contact you if your property listing includes an accurate description, good photos, and competitive rates. Here are some Palm Springs property management tips to help you write an effective listing to find quality tenants for rentals! The Losses Add Up From bad tenants to days, weeks, or sometimes months without anyone paying the rent, the losses from an empty Palm Springs rental property add up. However, while you might have a competitive property with amenities local renters want in a home, your listing could be keeping you from finding good tenants faster! How can you tell if your listing is helping (or hurting) your search for the right residents? Make sure it includes these critical features recommended by residential property

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How to Prevent Expensive Emergency Palm Springs Rental Property Repairs

02 Sep

Rental property owners have plenty of things to worry about—from finding new tenants to maintaining the property and more. One thing that can be difficult is preventing costly repairs. A standard make-ready process can help manage this issue by catching potential problems before they turn into major issues that are expensive to fix. Here’s why the best Palm Springs property management companies recommend incorporating a standard make-ready process into the care of your rental properties! What Do We Mean By “Costly?” Rental property owners experience some costs with any repair. However, fixing a toilet that won’t stop running is far less expensive than repairing drywall and flooring after a pipe bursts and water damages your rental. Property management experts know that costly repairs can result from things that real estate investors overlook before they become emergency situations. In many cases, these problems aren’t easy to find until it’s too late! Expensive repairs include: Termite damage Mold

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Palm Springs Rental Property Inspections: A Guide for Investors

27 Aug

The real estate investment industry in Palm Springs is a competitive one, and property owners must know what to look for when inspecting rental properties. If you haven’t conducted routine inspections, you could be leaving your rentals vulnerable to serious maintenance issues and unexpected, costly repairs! This blog post will help you understand what types of inspections you need to make part of your annual maintenance plan and what each property review should include. Whether you’re looking for Palm Springs property management help or simply trying to keep up with maintenance requests, we’ve got all of the details covered here! Move-In Inspections Are Top Priority If you prioritize only one rental home inspection, make sure you conduct an initial property walk-through before a tenant moves in with every new lease agreement. This should be documented and signed by both parties, so it’s crucial that everyone knows what condition the property is in before move-in day! The purpose

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Why Every Palm Springs Landlord Needs a Standard Make-Ready Process

18 Aug

Successful real estate investors know that renting a property to new tenants is not always an easy task. The process of getting rentals ready for new tenants can be time-consuming and expensive if you don’t have a standard make-ready process in place. Today, our Palm Springs property management experts go over what an established make-ready process should include, as well as the benefits of having one! If you’ve never used a make-ready checklist before, or you’re looking for ways to improve your process, keep reading! What is the Make-Ready Process? New renters want to move into a clean and well-maintained home in Palm Springs. However, depending on how your last tenants left the rental property, it probably needs a thorough cleaning and repairs before it’s safe and ready for new residents. Property management experts know that conducting a make-ready process during tenant turnover is the answer to welcoming new renters into their new homes. A standard make-ready

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4 Reasons Why Landlords Need Professional Maintenance Staff for Palm Springs Rentals

13 Aug

If you are a Palm Springs area property owner, you may be wondering how to keep the rental in excellent condition. The answer is professional maintenance staff! Property owners often think they can handle maintenance themselves, but sometimes that can lead to significant maintenance issues and costly problems—even if you think you’re saving money. Why is professional maintenance better? Check out these four reasons from our expert Palm Springs property management team. 1. Maintenance is Their Job You probably have a full-time job. Unless it’s home repair or construction, your career experience might not leave you fully prepared to handle any and every maintenance issue that comes up with your Palm Springs rental property. We’d guess that whatever your career is, you’re really good at it. You’ve studied, trained, and built up experience over time in various career-related roles. The same is true of a professional property management and maintenance staff! Their job is maintenance. Keeping

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Palm Springs Property Management and Tax Deductions [A Guide for Landlords]

05 Aug

Real estate investors need a firm understanding of rental property and business taxes to maximize returns. When preparing for the next tax season, keeping track of revenue and expenses should be part of your year-round processes. Some rental expenses can become valuable deductions to boost the benefits of a real estate investment property. Our Palm Springs property management professionals put together some tips below to help landlords maximize every deduction every year at tax time! Read below, and make sure you have an excellent record-keeping system in place for your rentals. Understanding What You Can Deduct When you receive rental income from a rental unit, such as a home, apartment, or another dwelling, rental expenses may reduce the profit in your pocket throughout the year. However, certain rental costs help reduce your tax liability at the end of the year and boost your returns. Knowing what you can (and can’t) deduct keeps you compliant with

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How Should Landlords Handle Reasonable Accommodation in Palm Springs?

30 Jul

Do you have an understanding of what reasonable accommodation includes for your tenants? As a landlord in Palm Springs CA, it’s critical to follow the law and navigate your responsibilities when a tenant asks for a modification to help them with daily life in your property. However, rental property owners also have rights when reviewing a request and coming up with a solution. Whether a resident asks for handrailings in the bathroom or an adjustment to the lease to work with their schedule of disability payments, you must accommodate tenants to a reasonable extent. Ignoring a request or choosing a solution that doesn’t adequately help your resident can be a costly mistake! Our Palm Springs property management professionals have some insights to help. Defining Reasonable Accommodation A reasonable accommodation is a request made by a resident with a disability as allowed by law. Real estate investors must provide housing that complies with ADA (Americans with Disabilities Act)

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Property Management Blog

5 Tips for Selecting the Right Property Management Company in Palm Springs

6 Reasons You Should Hire a Palm Springs Property Management Company

The Best (and Worst) Rental Property Upgrades In Palm Desert

How to Write an Effective Listing for Vacant Palm Springs Rentals

How to Prevent Expensive Emergency Palm Springs Rental Property Repairs

Palm Springs Rental Property Inspections: A Guide for Investors

Why Every Palm Springs Landlord Needs a Standard Make-Ready Process

4 Reasons Why Landlords Need Professional Maintenance Staff for Palm Springs Rentals

Palm Springs Property Management and Tax Deductions [A Guide for Landlords]

How Should Landlords Handle Reasonable Accommodation in Palm Springs?

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