Costa Mesa, CA -- (SBWIRE) -- 06/11/2014 -- The Kurt Real Estate Group is Property Management and Orange County Real Estate Experts. They have issued advice for people who are considering self-managing their rental properties and those who presently self-manage their residential real estate. Due to the uncertainty in the economy and property market many people who own and let out rental properties have begun to opt for self-management of their rental properties as a way to save money but the Orange County Real Estate Experts warn that this option might make sense in the short term yet in the long term this step may prove to be expensive. They point out that these unwanted long term expenses may occur due to the potential of overlooking important property management factors due to lack of training and inexperience. The Property market is on the rise in Orange County, therefor it is vital that property owners make the right and most sensible choice from the get go to avoid expensive mistakes in the future. For the ease of readers The Kurt Real Estate Group have outlined a few pitfalls of self-managed properties...
Common Pitfalls of the Self-Managed Property:
Not running their rental like a business
Not fully screening applicants.
Not reviewing State landlord/tenant laws.
Failing to have a proper written agreement.
Hiring the wrong contractors for repairs.
Not enforcing late rent policies.
Not inspecting your property on an annual basis.
Not using the advice of an eviction attorney when needed.
Entering a property without proper notice.
Not setting rents to market rate.
Poor record keeping.
Not maintaining the property.
Not properly handling deposit refunds
Failing to market properly to avoid extended VACANCIES.
About The Kurt Real Estate Group
Kurt Real Estate Group under the spearhead of Kurt Galitski have been servicing the Orange County Real Estate area for many years, their hard work and determination towards providing their clients the best real estate solution possible has earned them a coveted spot among the top 10% of the agents in Orange County. As an Orange County and Costa Mesa Realtor The Kurt Real Estate Group provide many services including representing Sellers, Buyers, Income Properties and Property Management, and also marketing a home to Hollywood's film industry for film and commercial opportunities. Kurt and his group have received multiple 5 star ratings, check the Yelp reviews. Kurt and his team wish to convey to our readers:
“The bottom line is that we are in the business to create long lasting relationships. We want to attract and retain clients who, after experiencing The Kurt Real Estate Group Leasing way of doing business, will be excited to refer their friends and family. With The Kurt Real Estate Group Leasing, you will always be treated as a client and not a number. “
To learn more visit: kurtrealestate.com
The Kurt Real Estate Group
1503 South Coast Drive, Suite 130 Costa Mesa, CA 92626