Are there any special reasons why you should consider investing in Santa Ana, CA real estate? Any investor who is out looking for profitable opportunities would be thrilled to have a piece of property in the city. Who wouldn’t be? With Santa Ana’s astounding job growth, real estate developments, and higher than average rent prices, having a rental property in the area can feel like winning the lottery.
However, managing the day-to-day operations of a real estate business can be enough to stress you out, especially if you’re doing it singlehandedly. The solution? Get a highly credible Santa Ana property management firm on board!
By working with a reliable Santa Ana property management company, you can finally say goodbye to all those trouble-filled days and sleepless nights and watch your business grow without you doing any of the work. Doesn’t that sound like fun? You bet it is!
What You Need to Know About Santa Ana, CA
The second most populous city in the Los Angeles metropolitan area and the fourth most densely populated area in the United States, Santa Ana serves as the main financial center and the county seat of Orange County, California. Located just about 10 miles from the coast of the Santa Ana River, the city experiences hot, dry summers from June to September and mild winters with moderate rainfall from December to March.
Santa Ana has several well-developed districts, with the downtown area serving as its core. This is where you’ll find the Santa Ana Civic Center (which houses the administrative buildings of the city and county governments), residential buildings, retail establishments, and historic homes.
The Midtown district accommodates entertainment destinations, while the South Coast Metro is where you’ll find shopping centers and high-rise office and apartment buildings. Recently, the city council designated the Metro East area as a secondary mixed-use district to keep up with and outpace the commercial growth in neighboring Irvine.
Santa Ana is home to several large companies, including Behr Paint, First American Financial Corporation, The Orange County Register, and several technology companies (Ingram Micro, Greenwood & Hall, sTEC, and more).
In addition, the city accommodates more than 10,000 businesses that contribute to its highly impressive gross metropolitan product (GMP). In 2013, the Los Angeles-Long Beach-Santa Ana area reported a GMP of $792.2 billion, earning them the recognition as the U.S. metro area with the second-highest GMP.
With the booming economy and numerous job opportunities, the city is projected to experience a significant increase in renters (both short- and long-term) and rent prices.
How to Get the Most from Your Rental Property in Santa Ana, CA
Investing in rental properties can be a lucrative venture – if you know how to do it right. Unfortunately, you may not be able to realize its full earning potentials if your attention is divided over several properties, you don’t live anywhere near the area, or you lack the experience in running the business.
Your earning potential may also be hampered if you have a knack for ending up with the wrong kind of tenants, don’t have an established network of professional contractors, and are not aware of applicable local, state, and federal housing laws and regulations.
If you’ve found yourself in similar situations but believe that there is a way to turn things around and get better results, it’s time to consider the best solution to the problem – hiring a trustworthy property management team in Santa Ana CA.
How Can Property Management Companies in Santa Ana, CA Help?
Property management companies in Santa Ana, CA can help you in more ways than one. While there may be slight variations in the details, a property manager can do these things for you:
- Ensure the rent-readiness of the property prior to occupancy.
- Market and advertise the rental to the most qualified tenants.
- Conduct tenant screening and background checks.
- Handle annual routine inspections as well as move-in and move-out inspections.
- Prepare and enforce the lease contract agreement.
- Collect and distribute rent payments, settle property bills, and facilitate insurance claims.
- Handle ongoing property maintenance and repair requests.
- Maintain books of account.
Needless to say, a reputable property management company in Santa Ana, CA can do great things for your business. They can help you achieve your goals by improving tenant retention rates and reducing turnover costs thereby providing a better return on investment (ROI) and increased profits.
Choosing the Right Santa Ana Property Management Company
Despite the many benefits of working with a property manager, some can provide you with the needed results while others hardly hit the target, so you need to find the right company for the job. Your success largely depends on it, so don’t take it lightly. Do your research and avoid taking any shortcuts. To achieve great results, look for a company that puts your interest above everything else.
Here are some tips that may help narrow down your search.
- Ask your network for referrals (and which ones to avoid).
- Do an online search for the top property management companies operating in your area. After listing them down, check their legitimacy with the state’s Real Estate Commission and the Better Business Bureau (BBB). Also, check online review sites to get some feedback on their performance.
- Visit some of their managed properties and get feedback from the tenants, if possible.
Explore the Tenant Planet, Inc. Difference
Out of all the property management companies in Santa Ana, why choose Tenant Planet, Inc.? Aside from ticking all the right boxes, we are best known for our innovative approach, strong decision-making and problem-solving capabilities, and honesty and transparency in our transactions.
We want our clients to succeed, and we can only do that by re-engineering the whole antiquated system of property management.
Tenant Planet, Inc. is a full-service San Leandro property management company. We aim for mutually satisfying rental agreements between homeowner and the renter. Please contact us for more information: (844) 875-2638.
