Hawthorne vs Nearby Cities
Hawthorne is located less than 20 miles southwest of Los Angeles in southern California. The median listing price in Los Angeles can go well beyond $600,000 at times, but prices are slightly lower in Hawthorne. Like Gardena, Inglewood and some other nearby cities, the median listing price in this city tends to stay closer to $500,000. These prices stand out in a coastal region known for home prices well above $1 million. In nearby Manhattan Beach, the median listing price can get close to $3 million at times. It’s common for renters to pay more than $3,000 per month in this region.
Hawthorne Property Managers
Property managers serve as stress relievers for real estate investors and homeowners interested in renting out their homes. A manager oversees the daily operations for the property and serves as a legal representative of the owner. They may handle contractors for painting, landscaping and property renovations while interacting with tenants as needed.
Hawthorne Property Management Company Fees
Most real estate investors and property owners pay their managers around eight percent of the rent collected from all rental units. This rate may drop to around six percent if the property doesn’t require much attention, but the rate may also get close to 15 percent at times.
- Landlords have 21 days to return a tenant’s security deposit along with an itemized list of deductions. The countdown begins the day that the tenant moves out of the property.
- Tenants are limited to $10,000 when suing a California landlord for the return of their security deposit.