Palmdale vs Nearby Cities
The real estate prices in Palmdale are comparable to many towns located 30 or more miles away from the southern California coastline. The median listing price in Palmdale can get close to $300,000 at times but is still comparable to the median listing price in Lancaster. This city is about 10 miles north of Palmdale and offers a median listing price under $300,000 most of the time. The median home value is around $250,000 in Lancaster and close to $300,000 in Palmdale.
Compare those prices to Los Angeles, which is located about 60 miles south of Palmdale on the coast. The median home value is more than $600,000, and it’s not uncommon to see the median listing price spike above $700,000. That is more than double the typical listing price in Palmdale.
Palmdale Property Managers
If you can’t make routine appearances at your rental properties and respond to tenant inquiries promptly, you may benefit from hiring a property manager. This will ensure that someone is available to interact with your tenants and do the work to keep your property marketable, fully rented and up to code.
Palmdale Property Management Company Fees
Most property management companies will offer you an initial quote. This quote will vary, depending on the services included. You should expect to pay additional fees for services not included. For instance, you will still have to cover the routine operational expenses, and many managers charge additional fees for screening tenants and advertising.
California Landlord/Tenant Laws
- Once a tenant has vacated a rental unit, the landlord has 21 days to return their security deposit.
- If a landlord deducts from the security deposit or keeps the full deposit, they must provide an itemized list of deductions to the tenant within 21 days of their move-out date.