Owner FAQs
Answers to your frequently asked questions
-
Are you licensed?
Our brokerage has been licensed by the California Department of Real Estate since 2010. Our DRE license number is #01881582. -
Can I reach you after hours?
We are available to address emergencies after business hours. For any inquiries received after hours regarding our services or non-emergency maintenance requests, we will respond the following business day. -
Can you put the money directly into my account?
Yes, most of our owners elect to receive their funds directly into their account by electronic funds transfer (EFT). You also have the option to receive a check in the mail. -
Do I get to see the lease or sign it?
At the owner’s request, we will provide a copy of the lease prior to execution. As the property manager, we will sign the lease on behalf of the owner under the authority given to us on the Property Management Agreement. -
Do you sell real estate too?
Yes, we are a full service brokerage and can list your home for sale or help you purchase other investment properties. -
When will I receive my owner payment?
Owner payments will be processed by the 10th of each month, assuming the tenant has paid rent on time. Once we have received the rent from the tenant, there is a hold time before issuing payment to ensure the funds have cleared. Once the payment has been issued, it can take up to 3-5 business days to receive it by check or to see the funds in your bank account if they have been electronically transferred. -
How is rent collection handled?
Tenants have the option to pay by check or through our online portal using debit, credit card, or ACH payments. -
How long of a lease do you sign?
Our standard lease is for one year, but we can make exceptions for special circumstances. -
How much security deposit do you charge the tenant?
Our typical security deposit is equal to one month’s rent. For example, if the rent is $2500 per month, the security deposit would be $2500. -
How soon can you start managing my property?
Generally, we can start managing your property right away. -
What type of properties do you manage?
We manage all types of residential homes, including single family homes, multi-family homes, and apartments. -
What type of reports do I get and how often?
We email monthly owner reports that include a cash flow statement, transaction statement, and owner statement. If you prefer to receive a hard copy of the reports, we can mail them to you. -
Who holds the tenant security deposit?
We will hold the security deposit on your behalf in our trust account. -
Am I required to make my property available to Section 8?
As of 2020, landlords are required to accept Section 8 or housing vouchers as a source of income from applicants and cannot discriminate or deny an applicant just because of a housing voucher.