Although investors in Los Angeles residential real estate, we are based overseas. So we needed a local management team that would provide a reliable and comprehensive service. Preferably a family-led operation which would also ensure continuity with the senior management. A Los Angeles realtor friend recommended Lotus. He has been proved absolutely right.
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Vacancies are never a good thing because it means you are not generating income on your property. If a tenant has decided to vacate the premises, and hopefully given you adequate advance notice, your top priority is finding a new renter as quickly as possible. That...
How much does Beverly Hills property management Cost?
Lotus West Properties charges a management fee of 5-6% for the management of Beverly Hills rental properties. This amount may vary between situations based on the number of units and the location of your property. For detailed property management pricing information, contact our Beverly Hills specialists and let us walk you through our process.
How much do you charge for leasing vacancies?
Our fee for vacancy leasing varies by the situation but may be complementary in some cases. Variables including the Beverly Hills property location and the number of units in the property. Talk to our property management experts and find accurate, detailed information about our services.
What methods do you use for listing vacancies?
Some of the methods used by Lotus West Properties include listing your property on the most visited real estate websites on the internet, including Zillow, Trulia, HotPads, and Apartments to get you the highest level of exposure. The property will also be listed on our website and shown to potential applicants who are interested in renting in your area. Our professionals cover all the bases for you so the property can keep earning.
How do you show your vacancies? Lockbox? In-person? Remote?
Our team shows Beverly Hills property listings in-person or via Facetime so we can be there for any questions or concerns. We never use lockboxes or impersonal methods, so we always get a feel for the potential renter and start a successful relationship.
What kind of services can you provide?
Lotus West Properties offers a variety of high-quality, professional property management services to Beverly Hills landlords and tenants to make renting effortless. Our knowledgeable staff can assist you with:
- Market & rent vacancies
- Collect rent from tenants
- Repair and maintain units
- Remodel units as needed
- Oversee ADU construction
- Maintain property insurance
- Upkeep common areas
- Pay invoices
- Oversee retrofitting
- Collect rental deposits
- Communicate with vendors
- Communicate with tenants
- Bookkeeping and leasing responsibilities
Do you own any of the buildings you manage?
Lotus maintains ownership of some of the buildings we rent, but you would never know the difference. We treat every building that we manage, whether we own it or manage it for a client, with the same respect and priority that we would our own.
Who do you use for repairs?
Lotus West Properties maintains its own crew of maintenance professionals, who are fully prepared to handle routine maintenance and smaller repairs. For more severe repairs and permit-related work, we call in a licensed team.
Years of experience in the property management business have let us find the best crews for every scenario, letting landlords save on maintenance costs while tenants receive the best care and trusted repairs.
How many people work in your company?
Lotus West Properties maintains a tight-knit team of about ten people.
What software do you use for bookkeeping?
Our bookkeeper utilizes Quickbooks to manage property finances. This allows us to be flexible and effective at bookkeeping for your property.
What kind of reports do you send? How often?
Some of the reports that we send to our Beverly Hills property owners each month are P&L, rent collection, all banking statements, and invoice copies. Our professionals ensure that both sides can easily remain organized for as long as we are managing your Beverly Hills property.
What methods do you accept rent by?
Lotus West Properties tenants may submit their rent payment by logging into their payment portal or by mailing a check to our office. Tenants can also request that we pick up a check at the property for the most convenient payment experience.
How many units do you manage?
Lotus West Properties manages just under 500 properties and is growing. We are always looking for new opportunities to help property owners provide the best service and keep operating costs minimized.
How many buildings do you manage?
Our Property management experts are in charge of the success of 34 buildings and counting. Our Beverly Hills property management services let us provide renters and owners with a fluid, pleasant experience.
Where are your buildings located?
Lotus maintains properties in Beverly Hills, West Los Angeles, Santa Monica, Culver City, Venice, Westwood, and Hollywood. Contact our friendly staff and find out if Lotus West Properties manages in your area.
What are your business hours?
Our typical office hours are 9-5, but we strive to be available all the time for any emergencies.
If there is an emergency after hours will someone respond?
Our team is always available in emergency situations. Tenants in Lotus West Properties have access to the phone numbers and emails of our office staff and maintenance crew, so there is always someone who can help when needed.
Are you licensed and insured?
Yes, Lotus West Properties is licensed and insured. We take great care to ensure that everything is by the books and exactly as it should be when managing your property.
Are you good at dealing with problem tenants?
Unfortunately, problem tenants are almost guaranteed to be a part of your landlord experience at some point, and when you end up with one, Lotus West Properties is the team you want dealing with them
Our professionals specialize in tough tenants, lending you the experience and delicate skill set needed to make the best out of a bad situation. Call our property managers today and find out how we can help you with problematic tenants.
Are you familiar with current eviction laws and legislation?
The Lotus team is well versed with current tenant eviction laws and legislation. The owner of Lotus West Properties is on the board of AAGLA (Apartment Association of Greater Los Angeles) and always has the most up-to-date information regarding legislation and issues. It might not be in the news yet, but Lotus has the scoop (and maybe on the news talking about it).