LOTUS WEST PROPERTIES

Serving Koreatown for over 20 years

AWARDED AAGLA’S TOP NEW PROPERTY MANAGEMENT FIRM 2020-21

About Us

Lotus West Properties is the premier property management company for multifamily income properties in the greater Los Angeles area. We have a portfolio of properties that we own and manage, as well as properties that we manage for other owners. We currently manage over 400 units and are constantly adding new clients. We focus on maximizing cash flow by increasing income and maintaining high occupancy rates, and reducing expenses through efficient management and utilizing our experienced in-house repair crew.

Our main priority is maintaining an honest and trustworthy relationship with our clients as well as our tenants, while giving each and every building that we manage the personal attention and care that they deserve.

If you own an income property of any size, and are looking for someone to take care of your building as if it was their own, please contact us to discuss your needs.

Seeing what’s Now Available for Rent!

Reviews & Testimonials

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.

Margaret S.

We live in the San Diego area and Lotus West Properties has taken care of our building for many years. They manage all phases of the business smoothly and profitably. The building is in excellent hands.
Carol P.

My family has a portfolio of properties primarily in the Brentwood and Westwood areas of Los Angeles. Lotus West Properties has taken a huge workload off our shoulders and have done a great job managing our buildings according to our needs. Now we have more free time to take family vacations and see our grandkids, and the stress of managing these buildings is no longer our burden.
Gaby C.

Proud Members of:

Apartment Owners Association of California, Inc.

Apartment Association of Greater Los Angeles

California Rental Housing Association

National Apartment Association

Better Business Bureau

Yelp, Inc.

Expertise.com

Forbes Councils, LLC.

Entrepreneur Magazine

Our Blog

The Path To Exceptional Property Management

Forbes Article: https://www.forbes.com/sites/forbesbusinesscouncil/2022/01/21/the-path-to-exceptional-property-management/?sh=23428d277db1 BY  ARI CHAZANAS Jan 21, 2022,09:00am EST There has never been a more challenging time to attract and retain good tenants, so it...

15 Simple Ways To Tie A Social Mission To Your E-Commerce Business

Forbes Article:  15 Simple Ways To Tie A Social Mission To Your E-Commerce Business (forbes.com)   Today's customers want the companies they buy from to make a difference in the world. Tying social causes into business goals has become an increasingly common...

How to Scale Down Turnaround Time on Vacancies

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...

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FAQ

How much does property management in Korea Town Cost?
We typically charge 5-6% to manage properties in Korea Town, however, certain factors may affect pricing. Variables such as location, number of rental units, etc. can alter the property management fee.
How much do you charge for leasing vacancies?
In some cases, vacancy leasing is included in your property management agreement. Factors like the property’s location and number of units will determine the cost for leasing services in Korea Town if there is any. Call our property management experts and see if you qualify for free vacancy leasing.
What methods do you use for listing vacancies?

Our Korea Town property management team uses the most popular listing sites, including Zillow, Trulia, Hotpads, and Apartments. We also list your property on our site as with other high-quality rentals and forward the listing to potential applicants from other properties. Contact us today and find out how we keep properties full and tenants happy.

How do you show your vacancies? Lockbox? In-person? Remote?

Lotus West Properties shows all vacancies in-person or via Facetime remotely. Our professionals never use lockboxes to show Korea Town properties, so we always get acquainted with our potential renters. This helps our team build successful, lasting relationships from the time potential renters apply.

What kind of services can you provide?

Our highly knowledgeable and professional team offers a variety of property management services in Korea Town, including market and rent vacancies, screening tenants and check credit, rent collection, unit repairs, and maintenance, remodeling of properties as needed, ADU construction oversight, maintaining property insurance, invoice payment, overseeing retrofit, common area upkeep, vendor communications, Provision of an on-site manager, rental deposits, tenant communications, leasing responsibilities, and bookkeeping.

Do you own any of the buildings you manage?

Lotus West properties owns some of the properties it manages, but you would never know which ones. We strive to maintain excellence whether it is our property or yours.

Who do you use for repairs?

We primarily use our internal team of highly-skilled handymen to complete daily maintenance to reduce operating costs. As needed, our crew enlists the help of licensed and trusted professionals cocntractors to complete significant or permit-related work. Our long term relationships have given us a directory of high-quality, affordable contractors in Korea Town that we can call to maintain consistent, low-cost maintenance.

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 Korea Town 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 Korea town property.

What methods do you accept rent by?

Korea Town tenants can submit their rent payment through a mailed check or by logging into the payment portal on our website. We can also pick up a check at the property if that is more convenient.

How many units do you manage?

Lotus West Properties manages just under 500 properties and 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 personalized property management services let us provide renters and owners with a fluid, pleasant experience with less worry and no hassle.
Where are your buildings located?

Lotus maintains properties in Korea Town, 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 standard business hours are 9 am-5 pm, however, we are always available by phone or by email.

If there is an emergency after hours will someone respond?

If you are ever in an emergency situation, our team will be available. We provide tenants with phone numbers and emails for both the staff and handymen, so there will be someone to help when you need it.

Are you licensed and insured?

Yes.

Are you good at dealing with problem tenants?

Yes, our highly professional staff excels in tough tenant situations so you don’t have to. We welcome the chance to help every tenant until their departure, even if they’re troublesome.

Are you familiar with current eviction laws and legislation?

Yes, Lotus is well versed in eviction laws and legislation. The owner of the company is on the board of the Apartment Association of Greater Los Angeles and is always up-to-date on current legislation and issues as well as pending legislation that might not be in the news yet. He is often cited on local and national news outlets as an expert on property management.