The 5 Biggest Problems for Landlords in Orange County and How to Handle Them

Residential rentals offer fantastic tax benefits and can grow into significant wealth over time. But, for example, when looking at a potential investment and reviewing the accounting records, you can’t see all of the behind-the-scenes hours spent screening and dealing with tenants or the financial costs to create that steady and reliable flow of income. The bottom line is that your investment returns reflect your management skills.

You should carefully consider the roles you imagine yourself playing in the business and strategize accordingly. It would be wise to seek the counsel of a trusted friend, family member, or someone experienced with investment properties to assist you with such significant investments when you’re new to the market. 

Even with assistance, it’s helpful that you understand the basics, so you should enter into this area of investing with your eyes wide open to the realities of managing rental properties. Read on as we explore the five most significant problems for landlords in Orange County and how to handle them.

Reliable Service Providers

A problem for landlords in Orange County is failure to team build. So, unless you intend to wear every hat, from maintenance to manager, the more time you spend networking and building a team of reliable providers to care for your properties, the fewer of these problems you will have to face.

Setting Standards

One problem for landlords in Orange County is the failure to set standards for the tenants you place. By setting out your standards in writing and upfront, you can ensure many things, the most important of which is the legality of your standards. A professional home buyer like those at H&M Realty Group can help you set out the rental criteria that fall within local, state, and federal guidelines while helping to ensure you the best tenants.

Potential Candidates

Another problem for landlords in Orange County is the pre-screening stage. In addition to consideration of their standings under your written standings, you should ask pre-determined questions, again considering all laws governing tenants and landlords. Again, working with a professional home buyer like those at H&M Realty Group means access to pros to help you handle this job.

Screening System

Comprehensive screening is a must, and failing to do so can become an expensive problem for landlords in Orange County that can quickly escalate into a nightmare. For a checklist of screening processes you can rely on, work with a professional home buyer like those at H&M Realty Group to help guide you so you’ll have the best possible tenants.

Calling References

Not following through with reference calls is a big problem for landlords in Orange County. However, there is a literal treasure trove of information that a previous landlord can provide. If you don’t want to handle this, consider working with a team of local pros, like the team at H&M Realty Group, who will care about your property and your tenants as if it were their investment.

Let’s face it, professional property management systems and a strong local network of skilled tradespeople and other professionals in the real estate industry like our in-house team at H&M Realty Group can eliminate these costly problems for landlords in Orange County. Happy tenants tend to remain in place, meaning there are fewer turnovers and more profit at the end of the year when you work with the pros at H&M Realty Group. Our local professional home buyers can help you locate the best property within your budget, bringing you the highest returns on your investment dollar. You can count on H&M Realty Group to handle everything needed for a successful investment property and a healthy real estate portfolio; you can relax and enjoy your retirement. Call H&M Realty Group at 949-625-4533.

Joe

Broker/Realtor/Investor/Mentor (41 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale, Property Management, Landlord I'm a Full Time Real Estate Professional, house flipper and mentor to many of my clients. I am here to help you get top dollar for your home or get you the best price for a home that you are going to live in. I have over 40 years of real estate experience for you to draw on and actively list and sell over 20 homes a year. I have sold over 600+ homes in the last ten years alone. I am a very skillful negotiator and will work diligently to help you realize the best possible price when buying or selling your home. With my Exclusive Home Acquisition & Sales System, I can find the Right Home for You! I have access to homes no other Realtor will show you. I can show you how to save an average of $10,000.00 on the purchase price. We will find a home that fits your needs, in a neighborhood that suits your style. If you are selling your home then I can bring all the professionals to you. I always include professional photos in ALL my listings. I have contractors standing by to assist with those upgrades if needed. I can also quickly get you ALL CASH offers for your home if you desire. My marketing surpasses all other agents. It begins with extensive internet advertising to hundreds of websites throughout the world. I do direct mail marketing for you home and also knock on doors in your neighborhood when I am holding an open house. I hold you home open to expose it to as many buyers as possible. My Exclusive program is designed to sell your home for Top Dollar in Any market. I am an experienced flipper here in Orange County and therefore can offer you my over 40 years of real estate experience. The information is available to you at no charge! If you like what you see, please call me and setup Your Free Consultation.

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