Best Banning Property Management

Why Owning Property in Banning is a Good Real Estate Investment Decision

Banning is a growing community with a population of around 30,000 people. It is located along Interstate 10 and lies between Redlands and Palms Springs in The San Gorgonio Pass. Having an elevation of approximately 2,500 feet above sea level, Banning enjoys a cooler climate compared to the county seat of Riverside.

Banning is known for its wide open spaces and has the San Gorgonio and San Jacinto mountains providing a beautiful backdrop. Residents enjoy its quiet, rural lifestyle. It is a friendly and wholesome city, an ideal place to work and raise a family in. Banning has clean air and ample water supplies and offers wholesome recreation with nearby outdoor activities.

As an added bonus, Banningt is also very near the first class Morongo Casino and the Cabazon designer outlet shopping mall if one needs a change of pace from quiet.

Over the past year, market trends indicate an increase of 13% in median home sales, with median sales price currently at $225,00. It is predicted that real estate prices in Banning will still be on the rise next year with prices rising by 6.3%.  Median rent per month on the other hand is at $1,450.   This means a great investment opportunity.

Owning Banning Rental Property As An Investor – Consider a Property Manager

If you own an investment property in Banning, you can maximize your investment by renting it out and more importantly keeping it rented long term. However, experienced investment property owners will also tell you that this brings its own set of challenges.

What does entering into the rental market entail? Marketing your property and showing it to prospective tenants, tenant screening and finding quality tenants, collecting rent and ensuring tenant satisfaction are some of the things you have to consider when renting your property out. Be ready for those calls at 2 AM.

So, conidering all of this, the best way to go about this would be to enlist the services of a good property management company. At Solid Ground, you can bank on our experience to help you with Banning Property Management.

How does Solid Ground help when we handle your Banning Property Management concerns?

1.Quality Tenants. Our team of experts know what to look for when screening prospective tenants to welcome into your property.  We will match you up with tenants who will cause you minimal stress and problems. What characterizes good tenants? They pay their rent on time, rent the property long term and treat your property with care.

2.We Take Care of the Legalities.At Solid Ground Property Management, it is our business to stay current with regards to landlord-tenant laws. What are some of the legalities what we will help you with?

-Tenant screening laws

-Safety conditions related to your property

-Eviction laws and procedures

-Inspection regulations

-Leasing laws and addendums

-Lease termination laws and procedures

-Security deposit requirements

-Rent collecting and late fee regulations

As you see, it is quite a long list. Leaving it to the professionals takes a big load off your shoulders!

3.We Ensure Tenant Satisfaction. If you have a rental property, high tenant turnover is certainly something you would want to avoid. Why is this so? Lost rent income and  the expensive and time-consuming process of a turnover.

High tenant turnover means constantly  having your property vacated and rented out. This entails costs such as deep cleaning, changing of locks, repainting and doing minor repairs as needed.  Add to this the effort of marketing, showing, screening and settling in new tenants each time.  As you can see, these activitie can be a huge drain on money  and time.

Solid Ground Property Management will ensure that your property is well maintained so your tenants are satisfied. We will quickly respond to your tenant’s concerns.

4.We Make Sure Your Rent Is On Time. Rent collection can sometimes cause friction between landlord and tenant. However, as this is part of our job, rent collection becomes efficient. We will ensure that rents are paid on time.

If delays are experienced, we will do the follow-up and if it becomes necessary, we will initiate the eviction process – all while keeping mindful of the legalities. Since you do not deal with the tenants themselves, you are spared the haggling, excuses and promises.

5.We Help You Increase the Value of Your Investment. As your property manager, Solid Ground will give you professional tips on your how to:

• Market your property. We know the best most effective places and ways to market your property to get it rented quickly for the best price.

• Improve and prepare the property for rent – We will suggest and oversee cosmetic improvements that maximize revenue.

• Determine the best rent rate – Determining the optimal price requires knowledge of the local market, data on recently rented comparables, and access to rental rate tools. Of course, the decision is yours, but we can provide valuable input because we know the local market well.

If you are considering renting out your property, reach out to Solid Ground Property Management now. We will do the work for you so you can enjoy the perks of your real estate investment, whether you are close by, or out-of-state.

Tags: Banning Property Management, Banning Investment Property, rental property, tenant turnover