Paramount vs Nearby Cities
Paramount is located between Long Beach and Los Angeles in southern California and offers lower real estate prices than both of these nearby cities. The median home price in Paramount tends to stay below $400,000. Compare that to Los Angeles, where home prices are known to spike well above $700,000. In Long Beach, the median home price is around $500,000 much of the time. Cities like Torrance are known for offering real estate prices over $700,000, but there are some cities in this area that feature more reasonable housing prices. For instance, the median listing price is often around $350,000 in Compton, and Downey often features a median listing price under $600,000.
Paramount Property Managers
Real estate investors hire property managers to oversee their rental units. A manager is a real estate expert who is familiar with the local housing market, so they can set rental rates and ensure that the property complies with all state and federal laws. From landscaping and interior design to managing playgrounds and enforcing property rules, a manager oversees tenants as well as the property.
Paramount Property Management Company Fees
Property management fees are almost always based on a percentage of the rent collected from all rental units included in the contract. Real estate investors with multiple properties may negotiate different rates than owners of single properties. The management fee is often around 10 percent but can go higher at times.
- If a rental property may contain toxic mold, the landlord must provide educational information so that prospective tenants are aware of the potential risks to their health.
- Tenants have the right to file a lawsuit against landlords who fail to return a security deposit or who take deductions from a security deposit illegally.