Call (949-478-1623) or email ([email protected]) to discuss you property management needs
Lucas Real Estate offers expert Leasing and Property Management services for select properties in Newport Beach, Newport Coast and Costa Mesa.
We are unique in our property management business. Devin Lucas is a Real Estate Attorney, Real Estate Broker and REALTOR®; Courtney Lucas is a REALTOR® and CPA.
There are two phases to rental income – leasing (i.e. getting the right tenant), then management (i.e. keeping the right tenant and avoiding costly mistakes). We can help you with both, or just one.
LEASING
Our leasing includes high-end marketing such as professional photos, printed materials, websites, layouts, virtual tours, video tours and walk-throughs showcasing properties in nearly the same fashion and effort as our ‘for sale’ efforts to ensure to maximize exposure and get you the right tenant at the highest possible price and best possible terms. By way of example, check out 515Redlands.com, 1924Church.com, 41PacificMist.com and 28Marisol.com and videos such as these for our “for lease” properties:
MANAGEMENT SERVICES
Our professional management, legal and accounting backgrounds, are especially useful in California landlord-tenant work.
Landlords routinely encounter tenants becoming overly “difficult” and failure to perform repairs is a common catalyst to withholding rent and resulting lawsuits. Conversely, a landlord’s failure (or even delay) to address habitability problems can get a landlord in serious trouble. Using outdated forms often results in non-compliance with updated laws. Non-payment of rent or other serious breaches may mandate formal notices, which must be properly drafted and served in accordance with strict requirements. Sometimes an eviction is required if the rent or other breach cannot be resolved. California landlords can never resort to “self-help” of any kind – no changing the locks, no turning off the power, etc. Landlords should know their rights and responsibilities and appropriate legal counsel is wise.
We use local and reliable contractors to ensure things are done correctly to protect your rental investment. We promptly address any tenant concerns, including 24-hour call service. Detailed records and accounting are provided monthly. We are well equipped and knowledgable a to manage your rental property.
We can assist with every aspect of your investment with endless possibilities to shift your work, free your schedule and maximize your investment.
- Leasing – including high-end marketing such as professional photos, printed materials, websites, layouts, virtual tours and walk-throughs (where appropriate) showcasing properties in nearly the same fashion and effort as our ‘for sale’ efforts
- Tenant screening
- Third-party background checks
- Rent collection and disbursement
- Accounting and ledger keeping
- Third-party payments and coordination of owner expenses such as HOA dues, gardeners, property taxes, etc.
- Property maintenance
- 24-hour answering on-call services
- Answering all tenant requests and correspondence
- Tax consultation
- Legal services
- Eviction services if required (though our primary goal is to avoid that outcome for you)
WHAT WE DO FOR YOU AND PRICING
Pricing is negotiable and depends on your specific situation (location, vacant property, tenant already in place, etc.), but here’s a framework:
Leasing:
– We would propose an initial lease listing commission
– Including high-end marketing such as professional photos, printed materials, websites, layouts
– Tenant screening including third-party background checks (note, new CA laws for 2024 may require the Landlord essentially pay for these screening checks)
– Optional (when warranted, but at potential additional expense) arrange for staging, virtual tours, videos, professional cleaning, window washing, etc.
– After 12 months of property management, when/if the property needs to be re-leased, or renewal, etc., we do not charge for those services. (no leasing fees, renewal fees, etc. after 12 months of management.)
Management:
– A fix percentage of the monthly rent.
– The theory is you never hear from the tenant and we handle everything, and only involve you with monthly statements and reports, or when there is a problem or maintenance/repair above a pre-set threshold (generally around $450 ish)
– Tenants contact us anytime they have questions, maintenance issues, etc., and we handle using reliable vendors
– We promptly address any tenant concerns
– Monthly accounting
– Monthly reports/updates
– Annual tax statements and reports and withholding (if required)
– Rent collection and disbursement (tenants can pay online and we can issue your payment electronically or via check)
– Third-party payments and coordination of owner expenses such as HOA dues, gardeners, property taxes, etc. (as much or as little as you want us to handle)
– Basic property tax consultation (planning and general questions, but we do not handle actual tax returns)
– Basic property legal services (but notices and disputes beyond the typical management level are then outsourced, i.e. evictions and lawsuits)
We would love to discuss further anytime.
LANDLORDS MUST REVIEW THIS ARTICLE ON CALIFORNIA STATEWIDE RENT CONTROL (LINK TO STATEWIDE RENT CONTROL ARTICLE)
Contact our office to discuss your property management needs.
949-478-1623
Check out our reviews and follow us on social media:
