Property Management Service

 To protect your investment, minimize your risk, and maximize your return. 

• Increase Revenue – We research market data to set optimal rents.
   
• Reduce Expenses – Proactive maintenance and fast vacancy turnaround.
   
• Lower Liability – Tenant screening, detailed property documentation, and compliance with California rental laws.

• Rent collection and accounting.
   
• Tenant placement and screening.
   
• 24/7 emergency response.
   
• Maintenance coordination.
   
• Lease enforcement and renewals.

Managing rental properties can be time-consuming. At Assurance Properties, we offer professional property management services to take the stress off your shoulders. Our team ensures your property is well-maintained, tenants are satisfied, and rent is collected on time. Let us handle the details while you enjoy the benefits of real estate investment.

Q: What preparations may be necessary for the property to rent?

A: Generally, the property needs to be in a decent, safe, and clean condition for the tenant to move-in. We may recommend that some maintenance work such as painting, carpet replacement/cleaning, installation of smoke/carbon monoxide detectors or other repairs be performed so that the property will be more desirable and rent quicker. 

Q:  Who pays for the cost of marketing?

A: The property owner pays a fixed percentage of the lease value which is due when the tenant moves-in.

Q: What is the cost of reviewing tenant applications?

A: The cost to review tenant applications will be paid for by the prospective tenant and will cost you the property owner nothing. 

Q:  What does the review of tenant applications entail?

A: We will review each prospective tenant credit report, rental history (if applicable), and call the prospective tenants’ employer.

Q: How will security deposits be handled? 

A: Security deposits will be deposited into our trust account until the tenant moves-out at which time all damages will be itemized and remaining funds (if any) will be returned to the tenant within 21 days. 

Q: Who is responsible for maintenance and repairs?

A:  The property owner is responsible for any repairs and/or maintenance unless other arrangements have been made. We have long standing relationships with our contractors and handymen and can provide competitive pricing to any repairs and maintenance. For repairs that cannot be handled by our usual contractors, we will aggressively shop the lowest cost service without sacrificing quality of work. 

Q: Are management fees tax deductible?

A: For any tax related questions, we recommend contacting a licensed tax advisor. In our experience, management fees are considered an expense and are deductible. 

Q: What kind of home owner liability coverage do I need for a rental property?

A: Assurance Properties requires that you carry liability insurance coverage in the following minimum amounts:

1. $500,000 for condominiums

2. $500,000 single family homes

3. $1,000,000 for a single family homes with a pool or multi-family dwelling. 

Assurance Properties requires that you name Assurance Properties as an additional insured under your liability policy.

Q: Bilingual?

A: Yes, we can speak Japanese and can communicate in Spanish.

Q:  Does Assurance Properties carry liability insurance?

A: Yes, we are fully covered under our errors and omissions insurance policy.

 Share your property details and specific management needs, and we’ll provide you with a tailored service proposal and estimated pricing.