3421 Empresa Dr, San Luis Obispo, CA 93401
San Luis Obispo
Offers full-service residential property management and a tenant placement program.
Their tenant placement program includes tenant screening, lease administration, security deposit collection and first month’s rent collection.
Their full-service property management program includes marketing, property showing, tenant screening, lease administration, security deposit collection, rent collection, monthly financial statements, direct deposit fund disbursement, property inspections, maintenance and a 24-hour emergency hotline.
Their HOA management services include dues collection, monthly financial statements, account maintenance, monthly expense payment, late fee assessment, meeting notices, association meeting attendance, budget preparation and maintenance coordination.
License #: 01238537
San Luis Property Management
#9 best rated of 13 San Luis Obispo, CA property management companies
2241 Broad St, San Luis Obispo, CA 93401
San Luis Obispo
Their Tenant Placement Package includes marketing, tenant screening, lease signing, security deposit collection and first month’s rent collection at a cost of 50% of one month’s rent with a minimum charge of $1,000.
Their Standard Package fee is 5.9% of monthly rent and includes tenant screening, lease signing, move-in/move-out coordination, rent collection, accounting services, maintenance and a 24/7 emergency hotline.
Their Plus Package fee is 7.9% of monthly rent and includes all services in the Standard Package plus marketing; free annual smoke and CO detector inspections; mortgage, insurance and HOA payments; and property photographs.
Their Premium Package fee is 9.9% of monthly rent and includes all services in the Standard and Plus Package plus an interior property evaluation with recommendations for improvement, a “No Eviction Guarantee” and a waived tenant placement fee.
Offers a “Risk-Free Guarantee,” stating that if a client is not satisfied with the services they receive within the first 90 days, San Luis Property Management will return any fees and terminate the contract.
Utilizes AppFolio property management software and an online owner’s portal.
License #: 0057052
R H Porter Co
#10 best rated of 13 San Luis Obispo, CA property management companies
3480 South Higuera Street, Suite 110, San Luis Obispo, CA 93401
San Luis Obispo
Fee for services ranges from 7% to 10% of gross monthly rent, with no set-up costs.
Placement-only fee is equal to $750 or 50% of first month’s rent, whichever is greater.
Their tenant screening process includes credit reports, reference checks and rental history.
Markets available properties on their website, Craigslist and on a printed publication available at their office.
Offers mortgage and HOA fee payment out of monthly rent.
Offers direct deposit of revenue checks.
Provides monthly financial statements, year-end financial statements and 1099’s.
Maintenance services are provided by a network of outside vendors including plumbers, electricians, window washers, carpet cleaners, housekeepers, gardeners, painters and other maintenance professionals.
San Luis Obispo vs Nearby Cities
San Luis Obispo is located less than 40 miles north of Santa Maria on the California coastline, but the city features much higher real estate prices. While the median listing price tends to stay around $400,000 in Santa Maria, it’s common to see the median listing price in San Luis Obispo jump over $650,000. There are many surrounding cities that command even higher prices. For instance, the median listing price in Templeton can go as high as $850,000. In Morro Bay, it’s common to see the median listing price around $700,000. Buyers can easily pay an average of $400 or more per square foot in these cities.
San Luis Obispo Property Managers
When a property owner is unavailable or unable to properly manage a rental property, they hire a property manager. The manager reports back to the owner and is responsible for maintaining the property and keeping rental units occupied. This includes overseeing repairs and collecting rent from tenants.
San Luis Obispo Property Management Company Fees
Property managers typically charge around 10 percent of the monthly rental rate for each unit managed. The exact percentage will vary, depending on the services provided and any special needs of the property. It’s important for property owners to know what services are included in the management fee because additional services come with added fees.