Murrieta vs Nearby Cities
Murrieta is located in one of the more affordable regions of California. The city’s median listing price tends to stay below $500,000, and renters often face a median rent price around $2,000 per month. These prices are similar to those seen in many nearby cities, including Temecula, Santa Ana and Riverside. Real estate prices are slightly higher in cities like Escondido, which sometimes features a median listing price closer to $550,000. Buyers looking for more affordable prices can look in Hemet. The median listing price in this city is often below $250,000.
Murrieta Property Managers
Property managers are often in control of all day-to-day operations for apartment complexes, townhouses, and single-family rental homes. Many managers are skilled real estate professionals, so they can determine effective rental prices, create leasing agreements and screen potential tenants. They are also responsible for the upkeep of each rental unit and shared community spaces.
Murrieta Property Management Fees
Property management companies often base their management fee on the amount of rent collected from tenants each month. They may take eight to 10 percent of the gross amount collected plus up to one month’s rent from all new tenants. This additional fee covers their time and expense screening for qualified tenants.
California Landlord/Tenant Laws
- Renters are limited to $10,000 in damages when taking a former landlord to court for the return of their security deposit.
- If a rental home or apartment is unfurnished, the landlord may charge no more than twice the monthly rental price when asking for a security deposit.