Why should I utilize a property management company?

Property management companies can save the owner time and take the guesswork out of the necessary day-to-day management of your investment property. KPL Select Property Management, LLC utilizes its resources to market the owner’s property and find the most suitable tenants. We collect rents, handle all tenant communications, use up-to-date lease agreements designed to protect the owner, pay bills on the owner’s behalf, coordinate vendors to maintain the owner’s property and provide the owner with updates and monthly statements.

How much do property management services cost and what is included?

Property management service fees vary according to the term of the rental and the size and location of the property. Please contact us for an assessment of your property and a free no-obligation quote.

Fees and services that are typically included:

• Monthly management fee
• This fee is collected monthly for managing the property. For this fee, we handle rent collection, tenant communication, maintenance requests, bill-paying and vendor supervision on the owner’s behalf.
• Lease-up fee
• This fee is collected for leasing a vacant property or unit. For this fee, we obtain rental applications, run background and credit checks and verify income/assets of potential tenants. This fee also covers our services for drafting residential lease agreements, addendums and overseeing all aspects of moving a new tenant in.
• Start up fees
• This fee is collected when we begin the management process for a new property or owner. The start up fee covers all initial costs of advertising and marketing and of showing any vacant property. It also covers a portion of the administrative costs incurred to set up bookkeeping, record keeping, banking and communication systems for a new owner or property.
• Reserve fund
• We require that our clients maintain a reserve fund. The money is used for repairs, maintenance or payment of other bills and is refundable if not used. We obtain owner approval prior to the use of the reserve fund except in the case of emergency.

Do you manage vacation homes?

Yes, KPL Select Property Management manages vacation rentals in the Coachella Valley from our Palm Springs office. As with long-term rentals, short-term (less than 6 months) management costs can vary. Please contact us for an assessment of your property and a free no-obligation quote.

What areas do you currently service:

KPL Select Property Management, LLC currently services the San Fernando Valley, most of the city of Los Angeles including Hollywood and the Coachella Valley.

What types of properties do you manage:

KPL Select Property Management specializes in single family residences, multi-unit residences, small commercial properties and vacation rentals. Please contact us to see if we can be of assistance in managing your property.

What requirements do you have of the owner in order to begin managing a property?

We do require that the owner maintain/obtain adequate liability and property/building insurance coverage. Every property differs but typically we require that the owner have coverage in an amount of no less than $1,000,000 per occurrence and in the aggregate. We also require that KPL Select Property Management be named as an additional insured on the policy.

How do I get started?

Please contact us via phone or email so that we can gather the necessary information to assess your property and provide you with a free no-obligation quote. Once the quote is approved and the contract is in place, we will begin with an initial inspection of your property and provide our findings, including comparable rents. We then begin strategically marketing your property and locating a suitable tenant/renter!