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 property management in West Hollywood cost?
On average, Lotus West Properties’ property management team charges a 5 to 6% management fee for managing West Hollywood rental properties. This amount can vary based on the location of the property and the number of units we’ll manage. Contact our West Hollywood specialists for detailed property management pricing information and see the expertise we offer.
What makes you different than other property management services in West Hollywood?
We have over a decade of experience in property management, and we work diligently to design a customized management plan for your property with its individualized needs. The property manager or team working with you is familiar with West Hollywood and its landscape.
We are honored to be named The Southland’s Top New Property Management Company of 2021.
How much do you charge for leasing vacancies?
Our rate for vacancy leasing varies depending on the number of units and the property’s location. In some cases, it may be complementary. You can contact our West Hollywood property management experts for detailed and accurate information about our services.
What strategies do you employ for listing vacancies?
Some of our strategies are listing your property on our website and other most visited real estate websites online, such as HotPads, Apartments, Trulia, and Zillow. Our goal is to give your property the most exposure possible.
The property will likewise be shown to prospective renters who are interested in living in your area. Our property management services include tenant management, leasing, renovations, and maintenance.
How do you show your vacancies?
We show West Hollywood property listings in person or through Facetime, which enables us to answer any concerns or questions. We don’t use impersonal methods or lockboxes because we always want to get a feel for the start of a successful relationship and better understand the needs of a potential renter.
What kind of services can you provide?
Lotus West Properties offers several professional, high-quality property management services to West Hollywood tenants and landlords to make renting effortless. Our expert team can assist you with the following:
- Market & rent vacancies
- Maintain property insurance
- Upkeep common areas
- Remodel units as needed
- Oversee ADU construction
- Pay invoices
- Collecting rent payments from tenants
- Communicate with vendors
- Communicate with tenants
- Bookkeeping and leasing responsibilities
- Commercial property management
- Oversee retrofitting
- Repair and maintain units
- Collect rental deposits
Do you own any of the buildings you manage?
Yes, but you would never know the difference. We treat every building we manage, whether we own it or manage it for a client, with the same respect and priority, we would our own.
Who do you hire for repairs?
We have our own crew of maintenance professionals, fully trained and licensed to do routine maintenance and even smaller repairs. They can also do permit-related work.
We have years of experience in property management, allowing us to partner with the best and most knowledgeable staff for every scenario. This helps reduce the maintenance costs a rental property owner spends while providing the tenant with trusted repairs.
How many people work in your company?
We are a tight-knit team of about ten people. Each of us has our own property management duties.
Is Lotus West Properties licensed and insured?
Yes, we are. Our team ensures that everything is by the books and how it should be when managing a property.
What reports do you send to property owners?
Some reports we send to our West Hollywood property owners per month are rent collection, P&L, invoice receipts, and all banking statements. Our team ensures that both sides can stay organized while we’re managing your West Hollywood property.
What is special about West Hollywood?
If you’re planning to buy a property to turn into a rental or invest in your new home, there’s no better place than West Hollywood, also known as WeHo.
This city is between Beverly Hills and East Hollywood in Los Angeles County, CA, United States.
With a high walkability score (91), West Hollywood is the best for your health and kinder to the environment and a popular destination for residents, tourists, and renters. Plus, many of your daily errands here do not need a car.
West Hollywood offers easy access to the entire city and the surrounding areas. It is known for its pedestrian-friendly streets and is home to many shops, restaurants, and entertainment venues. It offers residents easy access to the amenities they need.
Of course, the city wouldn’t be complete without mentioning the Sunset Strip, once known as a refuge of Hollywood elites, including Marilyn Monroe, Greta Garbo, and Clark Gable. Today, the Sunset Strip offers music venues, restaurants, hotels, and upscale retail shopping regularly listed as among the best in the country.
One of the famous events for residents in West Hollywood and the country’s largest Halloween street party is also held in the city annually.
Whether you love the quiet neighborhoods, enjoy suburban life, or prefer the nightlife of SunsetStrip, there’s a place for everyone in WeHo.