AWARDED AAGLA’S TOP NEW PROPERTY MANAGEMENT FIRM 2020-21
Lotus west in Malibu
Lotus West Properties is the premier property management company for multifamily income properties in the Malibu and 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 maximize cash flow by increasing income, 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.
Reviews & Testimonials
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
LA moratorium to go, but “just cause” eviction rules to come
Ari Chazanas, president of Lotus West Properties was featured in an interview with the Real Deal discussing the new Los Angeles eviction moratorium. Read the article by Andrew Asch For Los Angeles landlords, the hard work is just beginning. After more than two years...
Alquilar vs. poseer: los pros y los contras
Renting vs Owning: The Pros and Cons Tenants come and go, that's a fact of the rental property business. As a landlord it's your job to do everything you can to ensure that your tenants remain in your units for as long as possible, otherwise you're not generating any...
Métodos efectivos para que los propietarios individuales administren múltiples propiedades con facilidad
Métodos efectivos para propietarios individuales para administrar múltiples propiedades con facilidad Administrar todas esas propiedades, ya sean edificios con unidades múltiples o viviendas unifamiliares independientes, no tiene por qué ser una tarea insuperable. Hay...
FAQ
What is the cost associated with you managing property in Malibu?
Lotus West Properties charges a management fee of 5-6% for managing Malibu rental property. This amount is location and unit type dependant. If you want a free rental analysis, contact our skilled team of Malibu rental experts.
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 Malibu property location and the number of units in the property. Talk to our property management experts and find accurate, detailed information about our services.
How much rent do you charge?
Rentals depend on the location and the type of property. Properties in Malibu are competitively priced, and there is a suitable option for most tenants, regardless of budget.
How do you list the vacancies, and where?
To get maximum exposure, we will list your property on real estate platforms such as Zillow, Trulia, HotPads, and Apartments. We also use our own website, which has a good traffic volume.
What’s the process for viewing properties?
Our team shows Malibu property listings in person or via Facetime so we can be there for any questions or concerns. We like to conduct tenant screening from the word go to ensure everyone’s needs are met.
What kind of services can you provide?
Lotus West Properties offers various high-quality, professional property management services to Malibu landlords and tenants to make renting effortless. Our knowledgeable staff can assist you with the following:
- Full vacancy marketing service
- Creating Rental agreements
- Collect rent from tenants
- Repair and maintain units
- Remodel units as needed
- Maintain property insurance
- Pay invoices
- Collection of rental deposits
- Communication with tenants and vendors
- Full bookkeeping function
- Commercial property management
At Lotus West Properties, we strive to offer a complete solution that will meet all your property management needs.
Do you own any of the buildings you manage?
Yes, but we treat all our properties with the same care and responsibility- guaranteed. Our own properties do not receive preferential treatment.
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.
How many staff do you have?
Lotus West Properties has a staff complement of 10. Between us, we have many years of real estate and property management experience.
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 management reports can I expect as a landlord?
We pride ourselves on our administration processes and will send our Malibu property owners a monthly P&L statement, rent collection summary, all banking statements, and invoice copies.
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.
Are you experienced in managing properties?
Lotus West Properties has just under 500 properties, and this number is growing daily. We have an excellent system in place for keeping track of properties and have perfected this over our 20 years in the industry.
How many buildings do you manage?
Our Property management experts are in charge of the success of 34 buildings and counting. Our Malibu property management services let us provide renters and owners with a fluid, pleasant experience.
Where are your buildings located?
Lotus has a vast range of properties in Venice, West Hollywood, Westwood, Santa Monica, Mar Vista, Culver City, Brentwood, Beverlywood, Pacific Palisades, Marina Del Rey, Koreatown, Malibu, Westwood, and Hollywood.
What are your business hours in Malibu?
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.
What measures do you take to deal with problem tenants?
Being a landlord will eventually call for you to deal with difficult tenants. We are skilled in dealing with all kinds of tenants, especially tough ones. We will give you a hand whenever you need it.
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).
What is special about Malibu real estate?
Traveling down the Pacific Coast Highway, you find Malibu, a coastal town with 10 654 residents as of 2020.
Malibu is a famous entertainment industry hangout with affluent residents living throughout the city. Surfers fondly call it ‘the Bu’ and frequent its many beaches. It is truly a gem because it has beaches and parks galore. You would go far to see more scenic views than in this area.
Malibu offers a variety of options with regard to schooling, arts and culture, parks and recreation and movie sets. Yes, that’s right – a popular area for movie shoots, so you are bound to spot someone famous sooner or later.
Malibu pier is a much loved landmark with restaurants and shops lining the walkway. What a way to dine and shop, with miles and miles of ocean and sand in front of you.
While it may not be the first and obvious reason for coming to Malibu, it does have many species of wildlife in the region. Wildlife trails traverse the parks, mountains and canyons around Malibu.
The median age is 47 years. This gives the community a good spread in terms of age, income, lifestyle and social aspects.
The local residents are more familiar with all the attractions in Malibu, and if you can start a conversation with one, you’ll be sure to learn all about them. They are very proud of their area and leaving is hard to do!
Homes can cost millions as they are situated against the cliff edge and overlook the blue waters of the Pacific. It is worth driving to Malibu just to marvel at the luxurious and sprawling homes. However, there is something for everyone. Single family condos, apartments and pet-friendly rentals are also available.
Contact us if you have an investment property and want the best Malibu Property Management team in LA. Our reputation speaks for itself.