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.
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
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...
FAQ
How much does property management in West Hollywood cost?
The standard fee for property management in West Hollywood is 5-6%. Lotus West Properties’ property management fee may vary based on the location of your rental properties and the number of units that it contains. Contact our friendly and professional property management team today and get an exact quote for your property management services. We are always happy to discuss how we can improve the rental process for property owners.
How much do you charge for leasing vacancies?
Our vacancy leasing fees are dependent upon the situation at hand. Contact Lotus West Properties to find leasing fees for your West Hollywood rental property. In some cases, vacancy leasing may be complementary. Our property management experts cover all the bases for you so the property can keep earning.
What methods do you use for listing West Hollywood vacancies?
To maximize the efficiency of our vacancy leasing process, Lotus West Properties posts your listings on a number of high-traffic sites. These sites include Zillow, Trulia, HotPads, and Apartments. In addition, your property will receive a listing on the Lotus website and join our network of property referrals to help you find a long-lasting tenant in no time.
How does Lotus West Properties show rental vacancies?
This in-person experience also gives us a feel for the potential renters to ensure that landlords get the best renters. We believe that successful, long-lasting applicant relationships start with an in-person viewing and initiation.
What kind of services can you provide?
Lotus West Properties strives to provide reliable, extensive property management services to minimize the stress carried by rental owners. Our profile of property management services includes:
- Market & rent vacancies
- Screen tenants & check credit
- Collect rent from tenants
- Repair and maintain units
- Remodel units as needed
- Oversee ADU construction
- Maintain property insurance
- Upkeep common areas
- Pay invoices
- Oversee retrofitting
- Collect rental deposits
- Communicate with vendors
- Communicate with tenants
- Bookkeeping and leasing responsibilities
Do you own any of the buildings you manage?
Lotus West Properties owns, manages, and maintains properties in various cities throughout Southern California. Every building we manage, whether we own it or manage it for a client is treated with the same attentiveness and care as if it were our own.
Who do you use for repairs?
Lotus West Properties maintains an internal maintenance crew that specializes in routine maintenance and common repairs. This saves us and our clients money. When in-depth repairs or permit-related maintenance is required, we reach out to the best contractors in Culver City for licensed assistance.
Thanks to years of experience with property management in West Hollywood, Lotus West Properties has developed connections with the best service experts in the area.
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?
Examples of the reports sent out by our property managers each month are P&L, rent collection, all banking statements, and invoice copies. Lotus West Properties ensures that both sides can easily remain organized for as long as we manage your West Hollywood rental property.
What forms of payment does Lotus West Properties accept?
Lotus West Properties tenants may submit their rent payment by logging into their payment portal or mailing a check to our office. Tenants can also request that we pick up their rental payment at the property for the most convenient experience.
How many units do you manage?
Lotus West Properties manages just under 500 properties and is growing. We are always looking for new opportunities to help property owners provide the best service to keep their operating costs minimized.
How many buildings do you manage?
Lotus West Properties manages approximately 34 buildings and continues to grow with each relationship built. Contact the West Hollywood property management experts and find out how our professionals can help you achieve a fluid, pleasant rental experience.
Where are your buildings located?
Lotus West Properties manages and maintains rental buildings throughout Southern California, servicing areas including Westwood, Hollywood, West Los Angeles, Beverly Hills, Santa Monica, Brentwood, Venice, Culver City, and Koreatown. Get in touch with our professionals to find out if property management services are available in your area.
What are your business hours?
Our typical office hours are 9-5, but our property managers strive to be available 24/7 in case of an emergency.
If there is an emergency after hours will someone respond?
Our West Hollywood property management professionals are always available in case of an emergency. Tenants in Lotus West Properties rentals receive phone numbers and emails to reach the office staff and maintenance crew, so there is always someone to assist in the event of an emergency situation.
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.
Are you good at dealing with problem tenants?
As a landlord, problematic tenants are surely going to be a part of your renting experience, and when you encounter tenants like this, there is nobody better to handle the situation than Lotus West Properties.
Our professionals specialize in difficult scenarios, lending you the experience and delicate skill set needed to make the best out of a bad situation. Call our property managers today and find out how we can help you with problematic renters.
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).