Lotus West Properties

Koreatown Property Management Company

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.

FAQ

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.

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.

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.

Lotus West Properties shows all vacancies in-person or via Facetime remotely. Our professionals never use lockboxes to show Korea Town properties.

Our highly knowledgeable and professional team offers a variety of property management services in Korea Town, including market and rent vacancies,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.

 

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.

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.

Lotus West Properties maintains a tight-knit team of about ten people.

The only money that Lotus makes is from the managing and leasing services we provide. We never mark-up materials or maintenance services so your operating costs can remain low.

Our bookkeeper utilizes Quickbooks to manage property finances. This allows us to be flexible and effective at bookkeeping for your property.

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.

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.

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.

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.

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.

Our standard business hours are 9am-5pm, however, we are always available phone or email.

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.

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.

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 sited on local and national news outlets as an expert on property management.