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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What is the cost associated with the management of rental property in Hollywood?
Lotus West Properties charges a management fee. It’s between 5-6% of the monthly rent payment. If you want a free market analysis, contact our skilled team of Hollywood rental experts.
Where do you list rental properties?
We use real estate platforms such as Zillow, Trulia, HotPads, and Apartments. We also use our own website, which has a good traffic volume. This ensures maximum exposure to property owners.
What’s the process for viewing properties?
The property manager shows Hollywood listings in person or via Facetime so they can be there for any questions or concerns. They like to conduct tenant screening from the word go to ensure everyone’s needs are met.
What kind of property management services can you provide?
Our team is happy to assist you with rental agreements, rent collection, maintenance of units, insurance, bookkeeping and all communication with tenants and vendors.
Who does your maintenance and repairs?
Lotus West Properties’ own team handles all smaller and routine property repairs and maintenance. We have a list of accredited professionals for more serious repairs.
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.
What kind of management reports can I expect as a landlord?
We pride ourselves on our administration processes and will provide Hollywood property owners with monthly financial statements, list of rent payments, banking statements, and invoice copies.
What are rent fees like in Hollywood?
The rental fees in Hollywood, California, vary depending on several factors, such as the location, size, property type and amenities offered. Properties are competitively priced, and there is a suitable option for most tenants, regardless of budget.
Are you experienced in Full Service Property Management?
Yes! We have just under 500 properties, and this number is growing daily. In 2021 we received an AAGLA’s award for Best Property Management Company! We are very proud of this.
When will you be available to speak to?
Typical office hours are 9 am to 5 pm, Mondy to Friday. Maintenance requests can definitely be made after hours in an emergency. We have a team on standby to assist you.
Are you licensed and insured?
Without a doubt. This is very important to us and protects all parties involved.
A valid property management license shows our commitment to operating legally and ethically and demonstrates our knowledge and expertise in the industry. Our clients can feel confident knowing that their properties are in good hands and protected against potential risks.
What measures do you take to deal with problem tenants?
Dealing with problem tenants is a common issue for property management companies and it is essential to handle these situations professionally and effectively. Our approach to dealing with problem tenants includes the following steps:
- Communication: We first attempt to communicate with the tenant and address any issues they may have.
- Documentation: We keep detailed records of all communication with the tenant and any incidents that occur.
- Mediation: If necessary, we mediate between the tenant and the landlord to find a mutually acceptable solution.
- Legal action: In serious cases where the tenant violates the lease agreement, we take appropriate legal action, which may include eviction proceedings.
We always strive to resolve issues with tenants in a fair and respectful manner, while also protecting the interests of our clients and ensuring that their properties are well-maintained and operated in compliance with all applicable laws and regulations.
What's special about Hollywood?
When silent and black-white movies entered the homes and cinemas of the world, a love affair with Hollywood was born. The iconic Hollywood sign, erected in 1923 and overlooking the Hollywood hills, has long attracted aspiring actors, writers, directors and film buffs. TinselTown is irresistible to everyone that looks at its lights.
Surrounded by downtown LA, Beverley Hills and the Santa Monica Mountains, it is no wonder that real-estate magnet H.J. Whitley was able to transform it into a wealthy and popular residential area.
The same climate that made Hollywood an ideal place for filming still attracts residents. The area’s main drawcards are the mild weather, varied terrain, heaps of sunshine, and large labor market.
- The Hollywood Bowl – a natural amphitheater known for its summertime concerts
- The Chinese Theatre – housing the handprints and footprints of some of Hollywood’s most famous actors
- The Hollywood Wax Museum – if you can’t see your favorite stars in real life, you can definitely see them at the wax museum! Sometimes, they are so life-like that you may think it’s the real thing.
- The Hollywood Walk of Fame – paying tribute to celebrities through the decades
- Hollywood Boulevard – having a much-needed facelift in the early 2000s, the boulevard is home world famous brands and restaurants.
Bel-Air and Beverley Hills emerge as the most famous and expensive neighborhoods associated with Hollywood. Residents who find a home here part with millions of dollars for the privilege of living here. Palatial mansions can be found behind high security walls and vegetation, hiding famous celebrities from prying eyes.
But Hollywood also has plenty of rental properties such as studios and single-family apartments dotted around the area. Lotus West Properties knows all the best rentals in the area and wants to help you secure the home you want – give us a call today!
While you contemplate living in Hollywood, take a stroll down Hollywood Boulevard and enjoy the cuisine on offer. If you want a little peace from the hustle and bustle, then find solace in Wattles Garden Park, near the Boulevard. There’s a mansion in the park and walking around there will give you a taste of old Hollywood charm. When you leave the Park, you will know you’ve found your home.
Welcome to the land of the rich and famous; let Hollywood dazzle you!