Lorriehastru…, Home Buyer in San Francisco, CA

How do real estate moguls manage their rental properties?

Asked by Lorriehastruck, San Francisco, CA Wed Apr 17, 2013

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Peter Century 21’s answer
I just got off the phone with a "real estate mogul" who happens to be my friend.

Big property owners are the most savvy investors out there....they know exactly what they want and what to avoid.

They have a team of Managers and an experienced team to rely on.

In San Francisco, they only hire Managers experienced with Rent and Eviction Ordinances and the other multitude of issues for this unique city.

These managers work long hours and are the best in the business.
0 votes Thank Flag Link Tue Apr 30, 2013
Moguls huh!
The employ hordes of mogul managers!
0 votes Thank Flag Link Thu May 9, 2013
Jed Lane, Real Estate Pro in San Francisco, CA

How real estate investors handle rental properties varies on the type of properties invovled and the type of ownership.

What are the size and the scope of the properties. Is in one building with many units, a group of single family homes/duplexes, or a mix of type of properties.

Are the properties owned by a signle individual, a group of investors, or a corporation?

Typically if a single owner owns one or two properties, they may manage the property themselves. If you have a larger building, there typically will be a resident manager who will be repsonsible for the day to day needs of the tenants and building.

If there is a larger portfolio of properties, then the investor(s) would hire a managment company to deal with the day to day operations.

If a company owns the group of investment properties, they often will have a property managment department that will deal with the day to day operations.

The needs of managment of rental properties varies, and really depends on the scope and scale of the rental properties owned, and by the needs of the owner(s) invovled.

Hope this helps!

Lisa Cartolano
Alain Pinel Realtors
DRE 01715440
0 votes Thank Flag Link Mon Apr 29, 2013
Maintaining rental properties by real estate investors is a profitable business—but this involves lots of work like maintenance, calls from tenants, late payments, and finding new tenants when your property is vacated,
0 votes Thank Flag Link Fri Apr 26, 2013
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