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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How much does Culver City property management Cost?
Lotus West Properties charges a 5-6% management fee for managing Culver City 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 Culver City 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 include the location and the number of units on the property.
Talk to our Culver City property management experts and find accurate, detailed information about our services.
What methods do you use for listing Culver City vacancies?
To maximize the efficiency of our vacancy leasing process, Lotus West Properties posts your listings on a number of high-traffic sites. These sites include Zillow, Trulia, HotPads, and Apartments. In addition, your property will receive a listing on the Lotus website and join our network of property referrals to help you find a long-lasting tenant in no time.
How does Lotus West Properties show rental vacancies?
Our team shows Culver City 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 strives to provide reliable, extensive property management services to minimize the stress carried by rental owners. Our profile of property management services includes:
- Market & rent vacancies
- Screen tenants & check credit
- 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 West Properties owns, manages, and maintains properties in various cities throughout Southern California. Every building we manage, whether we own it or manage it for a client is treated with the same attentiveness and care, creating a baseline standard of excellence.
Who do you use for repairs?
Lotus West Properties maintains its own crew of maintenance professionals fully prepared to handle routine maintenance and smaller repairs. We call in a licensed team for more severe repairs and permit-related work.
Years of experience in property management services have let us find the best crews for every scenario, letting landlords save on maintenance costs. At the same time, 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. Some of the reports that we send to 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 manage your Culver City property.
What kind of reports do you send? How often?
Examples of the reports sent out by our property managers each month are P&L, rent collection, all banking statements, and invoice copies. Lotus West Properties ensures that both sides can easily remain organized for as long as we manage your Culver City rental property.
What forms of payment does Lotus West Properties accept?
Lotus West Properties tenants may submit their rent payment by logging into their payment portal or mailing a check to our office. Tenants can also request that we pick up their rental payment at the property for the most convenient experience.
How many units do you manage?
Lotus West Properties manages just under 1000 units 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 over 60 buildings and counting. Our Culver City property management services let us provide renters and owners with a fluid, pleasant experience.
Where are your buildings located?
What are your business hours?
Lotus West Properties’ standard office hours are from 9-5, but our property managers strive to be available around the clock in case of emergencies.
If there is an emergency after hours will someone respond?
Our typical office hours are 9-5, but 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.
Is Lotus West Properties licensed and insured?
Absolutely, 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?
As a landlord, problematic tenants are surely going to be a part of your renting experience, and when you encounter tenants like this, there is nobody better to handle the situation than Lotus West Properties.
Our professionals specialize in difficult scenarios, 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 renters.
Are you familiar with current eviction laws and legislation?
The Lotus team is well-versed in 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).
How do I set a competitive rental price for my property?
Determining a competitive price for your rental property is important for attracting tenants and maximizing your rental income. A property management professional can conduct a market analysis on behalf of the property owner to determine the going rates for similar properties in the area and help you set a fair rental price.
What documents are required when applying for a lease?
When applying for a lease in Culver City, CA, you will typically be required to provide a completed rental application, proof of income, copies of government-issued identification, and a security deposit. Some landlords may also require a credit check and references from previous landlords.
What are the typical lease terms in Culver City?
Lease terms in Culver City can vary, but the typical lease period is 12 months. Some landlords may offer shorter-term leases, such as 6 or 9 months, but these may come at a premium price.
What is special about Culver City real estate?
Culver City is a vibrant and diverse city in the heart of Los Angeles County, California.
With a population of 40,000, it is a thriving hub of art, culture, and business.
The city is home to a flourishing arts scene, with numerous galleries, theaters, and performance spaces scattered throughout the community. The Culver City Art District is a popular destination for art lovers, with a wide variety of galleries and studios showcasing the work of local and international artists.
In addition to its booming arts scene, Culver City, CA, is home to a number of major businesses and industries, including the headquarters of Sony Pictures Entertainment and the NFL Network studio.
The city also boasts several technology and media startups, like The Goat Group and Encantos, making it a hub of innovation and entrepreneurship.
With its great schools, parks, and recreational facilities, Culver City is a wonderful place to live, work, and play.
Due to these factors, it has become one of the most sought-after areas in Southern California. The median sales price for a single-family home is 1,7 million. That’s an increase of 1,2% year over year.
So whether you’re an artist, a business person, or someone looking for an investment property, Culver City has something for everyone.
If you already own a home in Culver City or are considering investing, contact Lotus Property today for a customized management plan for your property.