Ventura vs Nearby Cities
With a median listing price close to $600,000 at any given time, the real estate market in Ventura is substantially higher than the national average. The median sales price is often closer to $550,000, which is comparable to some nearby cities like Oxnard and Santa Paula. There are also some cities in this region of southern California that boast more aggressive housing markets with even higher prices. For instance, the median listing price in Camarillo tends to stay over $600,000, and the median listing price in Thousand Oaks can get close to $800,000. The median rental price in Ventura and Oxnard often surpasses $2,500 per month and can go well over $3,000 in cities like Thousand Oaks.
Ventura Property Managers
Property managers can handle the daily operations of a rental business, but they also provide in-depth real estate knowledge. They may help a property owner determine how much to charge for rent and what improvements to make to their rental units. A property manager should also know how to keep rental properties in compliance with all applicable laws.
Ventura Property Management Company Fees
California property managers may receive higher compensation than managers in other states because rental rates are much higher than the national average. Most managers collect a percentage of the rent collected each month rather than assigning a flat fee. It’s important for an owner to verify the exact services included in the management fee because additional charges may apply.
- California landlords cannot charge more than twice the monthly rental rate when collecting a security deposit.
- Once a tenant moves out of a rental property, the landlord has three weeks to return the tenant’s security deposit.