Salinas vs Nearby Cities
Salinas is located approximately 60 miles south of San Jose and offers much lower real estate prices. While the median listing price can go above $750,000 in San Jose, it tends to stay much closer to $500,000 in Salinas. Most cities in this region of central California offer comparable real estate prices. While the median listing price in Watsonville is often around $600,000, median listing prices can go well over $750,000 in Gilroy. It’s common to see a median price per square foot around $400 in this area, and renters often pay an average rent price well above $1,500 per month.
Salinas Property Managers
Property managers serve as the eyes and ears of property owners. They are responsible for filling vacant apartments and rental homes quickly, which requires continuous maintenance and landscaping along with fast, professional repairs. Managers are also responsible for most of the paperwork and accounting that is essential for properly managing a rental business.
Salinas Property Management Company Fees
Professional property managers typically charge a management fee and leasing fee on top of money needed to pay for everyday operational expenses. The management fee is typically around 10 percent of total rent collection for the property. The leasing fee can go as high as a full month’s rent when a new tenant occupies a rental unit.
California Landlord/Tenant Laws
- Landlords must give tenants at least a 24-hour warning when they intend to enter a rental unit for any reason.
- When a tenant falls behind on their rent, the landlord must give them at least three days to pay the rent or move out before the eviction process is initiated.