The San Diego property market is uniquely positioned compared to that of other large cities in America. San Diego falls under the Southern California housing market, and is a fast growing property market that investors are keeping an eye on. It is therefore necessary for property management companies in San Diego to follow a set of rules to ensure that they offer unrivaled, excellent property management services and avoid falling into deep trouble when handling such a lucrative market.
The California Department of Consumer Affairs offers property owners and tenants a wide range of resources on how to screen potential tenants, and also, legal guidelines on what property managers can ask or request from potential tenants when screening them.
There are several steps that property managers take during the tenant screening process. The first step is acquiring a rental application, which includes a Credit Report screening request. Property managers typically utilize the potential tenant’s credit information to decide on whether to agree to sign a lease.
One of the main issues in recent times is discrimination when screening potential clients. The best way of avoiding discrimination is to follow rules and laws laid down by recognized professional bodies such as the California Association of Realtors (CAR). According to the California Association Of Realtors (CAR), a rental agreement contract should identify the parties to the contract and should therefore include the owner’s name, unless the clients stipulates that the property manager be liable for the property and all decisions pertaining to the property. Below, is a list of steps for successful property management of San Diego companies.
The first part of the process of renting out property is placing an ad online to advertise the property to potential renters. According to a report by the Housing Equality Project of Silicon Valley, tenants can be screened on income, credit rating, and a criminal background check can be conducted. However, advertisers are cautioned against stating that they prefer a certain type of family or ethic group. Anything that is mildly discriminatory must be avoided.
The next step is to show the property to interested prospects, and interview prospective tenants. Avoid asking prospective clients during the background screening process, whether they’re U.S.-born citizens, legal residents, or undocumented immigrants. The role of property management companies is to protect the property owner and keep their tenants happy.
The applications process starts after a San Diego property management company shows prospective clients the property. Sometimes, during a showing, a prospective tenant may take the application with them—but they may also choose to fill it out and apply right away. Before moving forward a property manager must determine if the prospective tenant has Limited English Proficiency (LEP). Unless the property you’re showing is approved under a federally funded housing program, you do not have to have a language access plan for oral and written communication to ensure meaningful access for applicants and tenants with LEP. In fact, translation is not required for standard non-funded rental properties but according to the law as it stands, you must allow tenants to choose a translator of their discretion, even if it’s a friend or family member.