We work tirelessly to find the best property managers, so you don’t have to. Please see our recommended property management companies below for your area or filter by property and zip for a perfect match.
| Specialty | # of Agencies |
|---|---|
| Single House or Condo | 8 |
| Apartment Buildings | 12 |
| Home Owners Association | 9 |
| Total Local Companies | 22 |
The average rent for a 3 bedroom house in Los Angeles, CA is $2,061.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.
LA Vacancies Increase, but New Construction Focused Near Urban Core
While the rental property markets beyond the Los Angeles urban core and coastline can be hit and miss in terms of results, construction and development is booming downtown. The Marcus & Millichap 2013 National Apartment Report (NAR) noted that more than 80% of the new apartment construction in Los Angeles County will be centered on downtown, Wilshire/Westlake and Venice/Westchester/Marina Del Rey. That's a little unsettling if you're trying to compete in the metro core and coast, but ideal if you're looking for new investment opportunities in other places with more property on the market. The 2013 NAR index bumped Los Angeles up three spaces from last year, placing it in tenth place out of 44 rental markets. While prospects for the area remain positive, there is some caution about the 5,000 new apartment units that just came online, which is significantly more than any time in the last five years. That's one reason why the report projected that the Los Angeles vacancy rate should rise to around 3.7% by 2014.
The Hunt for Bargains Continues
The 2013 NAR also suggested that investors may continue to look for deals in South Los Angeles and the San Gabriel Valley, although managing these properties may involve more intensive work than the new Class A luxury units along the shoreline. It makes sense when you examine the distressed properties listed on Trulia, Zillow and other real estate sites. While extensive multiunit renovation projects require extensive capital, there are a number of relative bargains among duplex and single-home listings in the Los Angeles County area. The key consideration should be researching the local market and recognizing economic development opportunities before other investors jump in to grab the best deals. That's why many private investors seek insight and advice from real estate professionals at Los Angeles property management companies. In addition to offering tenant screening, lease enforcement and maintenance or repair services, local property management companies also monitor real estate trends for their clients, especially whenever area investors add or divest rental assets. Discover how property managers can improve your bottom line. Review our profile listings of Los Angeles property management companies and then request your free information today.
Managing: Single-Family : Multi-Family : Association :
Experienced. Reliable. Local.
Managing: Single-Family : Multi-Family :
We handle all aspects of finding a renter for
your property. Because we have multiple
properties we are able to use ou...
Managing: Single-Family : Multi-Family : Association : Commercial
Pristine was established by the request of
property owners looking
for "Stress-Free" management.
Managing: Multi-Family :
"Landlords Love Us!"
Managing: Multi-Family :
Let property ownership becomes stress free and fun again!
Managing: Single-Family : Multi-Family : Association :
Experienced. Reliable. Local.
Managing: Association :
Is your community reaching its potential? Discover the possibilities of life with Associa.
Managing: Single-Family : Multi-Family : Association :
The only management company in California that
gives you 24/7
access to the management of your property.
Managing: Single-Family : Multi-Family : Association :
Experienced. Reliable. Local.
Managing: Association :
We aim above the mark to hit the mark.
Managing: Commercial
We have the experience you need to ensure your
real
estate investment meets your goals.
Managing: Association :
YOUR VISION OUR MISSION - "Our transition to Optimum has been seamless" - Board of Directors
Managing: Single-Family : Multi-Family :
With over 25 years experience our proven systems
provide the best
property management available. We make owning
pro...
Managing: Single-Family :
Experienced. Reliable. Local.
Managing: Association :
Specializing in smaller HOA's from 4 to 200 units; a low
all-inclusive monthly fee. We tailor make our services to fit you
Managing: Commercial
The primary goal at Aspen is to maximize owner cash-flow and
minimize expenses.
Managing: Single-Family : Multi-Family :
Over 40 years of Experience! A+ Rating with the BBB! We handle Difficult Tenants! We can make your property GREAT AGAIN!
Managing: Single-Family :
The only option for Downtown LA Property Management, Sales, and Leasing.
Managing: Multi-Family :
Experts in emPowering client success in Property Management.
A world center of business, international trade, entertainment, culture, education, technology and media, the city of Los Angeles has a well-earned reputation as the "Entertainment Capital of the World." Whether exploring the beaches of Santa Monica, the ultra-luxurious shops of Beverly Hills, or the bright lights of Hollywood, residents of the Los Angeles metropolitan area are never lost for something to see or do.
The real estate market in Los Angeles is just as active, and renters have a difficult time tracking down the condos, houses and townhomes that meet their needs. This leaves great opportunity for investors and Los Angeles homeowners alike to rent their homes or condos and earn sums of rental income larger than the famous hillside "Hollywood" letters are white.
In Q2 2015, Los Angeles was the ninth-best housing market in the Western U.S. for rental property investment and 15th-best in the country as a whole. Since Q1 2015, Los Angeles kept its ninth-place spot in the Rental Ranking Report's regional rankings for the Western U.S. but dropped two spots in the national rankings.
Despite being one of the most desirable housing markets in the country from a tenant's perspective, the Los Angeles market is far from perfect from the perspective of a rental property investor. While Los Angeles rents are high, so is the cost of buying rental housing there. As a result, the capitalization rate for Los Angeles rental real estate is quite low; it is a mere 4.03 percent, more than 40 percent less than the national average for that metric and was one of the lowest "cap rates" in the country in Q2 2015.
Of course, Los Angeles rental real estate can still be a lucrative investment. L.A.'s stellar annual rental price appreciation in Q2 2015 of 7.79 percent, which was about 56 percent greater than the national average for that metric during that time period, was almost as remarkable as its astonishingly low vacancy rate of just 3.00 percent, which was around 55 percent less than the national average for that metric. An impressive annual job growth rate of 2.52 percent (almost 25 percent more than the national average) and median age of housing inventory of just 45 days (18 days less than the national average) further indicate that Los Angeles rental properties are currently a sound investment and will likely continue to be for many quarters to come.
All Property Management's Q1 2015 Rental Ranking Report found Los Angeles to be the ninth-best city for real estate investors in the West and 19th in the entire U.S. While these rankings aren't particularly impressive, Los Angeles did quite well in several of the metrics used used to evaluate it, including vacancy rates, median days on market and home value appreciation. On the other hand, it offered a poor capitalization rate and middling increase in median rental prices in the year ending in Q1 2015.
If you want to buy rental property in Los Angeles, you have to move fast as the median of 41 days its housing inventory has been on market is the fifth-lowest in the country and underscores the strong demand for housing in the area.
To calculate the statistics found in the Q2 2015 Rental Ranking Report, All Property Management gathered data, including the most recent government housing and jobs data, for 75 metros across the United States. Specifically, we looked at home vacancy, capitalization, home value appreciation and job growth rates, changes in rental prices, and the average number of days properties have been on the market to determine which U.S. metros will give investors the highest returns on rental investments. Click here to learn more about the Rental Ranking metrics.
Quite simply, this is one of the best times in recent memory to invest in rental real estate in the Los Angeles metropolitan area. Low vacancy rates, strong property value appreciation and impressive rental price increases indicate that acquiring Los Angeles rental property can net you a quality rate of return at the moment.
Thinking about renting out a property in Los Angeles? Save time, avoid hassle and maximize your rental income by having a professional property management company operate your rental property for you. Click here to get a free quote from a local property manager or call 877-780-4510 to have the All Property Management staff get quotes for you.
All Property Management specializes in connecting rental property owners with professional property managers in communities across the United States. These property managers help set rental rates, advertise properties, screen and manage tenants, collect rent, manage vendor relationships and ensure compliance with local, state and federal housing regulations. They take the hassle and worry out of managing rental properties - all while maximizing rental property owners' rental incomes.
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