260 Newport Center drive suite 100,
Newport Beach, CA 92660
Call Us today! 949-949-3135
Owner FAQs
At Beach Front Property Management, we believe that no question is too small, and to better assist you we answered the most common property management questions we receive. You can also choose to browse through our blog section to find articles related to your questions.
Am I required to make my property available to Section 8?
Beginning Jan. 1, 2020, SB 329 by Sen. Holly Mitchell, D-Los Angeles, will ban blanket policies against taking Section 8 applicants and require landlords to treat voucher-holders like any other applicant. The law also will prohibit “No Section 8” advertisements. To learn more, visit: https://caanet.org/governor-signs-mandatory-section-8-bill
Can I reach you after hours?
Yes, BFPM has after hours emergency numbers available for all clients and residents.
Can you put the money directly into my account?
Yes, BFPM electronically delivers monthly owner distributions to our client's bank account.
Do I get to see a resident's lease or sign it?
Owners are not required to sign the lease documentation, BFPM executes on their behalf.
How and when do I get my checks?
BFPM sends checks electronically on or before the 15th of each month.
How do I get my owner reports and statements?
BFPM sends reports and statements electronically on or before the 15th of each month in a PDF format.
How is rent collection handled?
BFPM offers two modes of rent payment, electronically using Yardi Voyager or by using the Walk-In Payments System card. All residents have an online account to complete rent payments.
How long will it take to rent my property?
The amount of time to rent a unit depends on the time of year and the amount of rent the owner is looking to charge.
How much security deposit do you charge the tenant?
The security deposit amount is determined by the owner. If the owner does not set a deposit amount, BFPM has a standard deposit of one month's rent if all other quantitative criteria are met (credit score, income, and previous rental history).
How soon can you start managing my property?
BFPM can start managing your property as soon as you need us to, in some cases we have started management on the same day.
What type of properties do you manage?
BFPM manages residential and commercial properties.
What type of reports do I get and how often?
BFPM provides a monthly financial report on the 15th of each month.
Who holds the tenant's security deposit?
The tenant's security deposits are sent to the owners and booked as a liability on the property balance sheet.
How much will my investment property lease for?
Investment property rent amount will depend on a variety of factors, such as location, type of unit, amenities, and more.
What insurance coverage should I have on my property?
BFPM requires owners to have general liability insurance on all of their investment properties.
What is your property management fee?
BFPM’s property management fee varies between 4.5% to 7%, depending on property type and unit count.
What owner fees are charged by BFPM?
BFPM’s property management fee varies between 4.5% to 7%, depending on property type and unit count.
What is BFPM's pet policy?
Pet policies vary by property based on the Owner's requirements.
Where do you manage properties?
BFPM manages properties throughout Southern California, from Los Angeles to San Diego.
Does BFPM provide any guarantees to its clients?
BFPM offers a 60-day money back guarantee.
Can BFPM help me with improvements/repairs to get my property “rent ready”?
Yes, BFPM can execute full rehabs down to quick turns.
Will BFPM keep me updated regularly on the progress and status of getting my property rented?
Yes, BFPM provides weekly reports and sets weekly calls between you and your regional property supervisor to discuss any current vacancies.
Are there any upfront fees to start with BFPM?
BFPM does not charge any upfront or onboarding fees.
How do property inspections work?
BFPM performs annual unit-by-unit inspections, monthly property inspections by the Regional Property Supervisors, and weekly property inspection by the Property Manager, and provides any needed repair reports to the owner.
Who handles the middle of the night calls?
BFPM has after hours emergency numbers available for all clients and residents.
Can property management help me comply with federal, state and local laws?
Yes, BFPM ensures that your investment property consistently complies with all federal, state, and local laws.
What is the “Maintenance Limit” as it relates to property management?
For 15 units and above it is recommended to be no more than $1k, for 16 units and above no more than $1,500.
Are there any mandatory property maintenance items you will perform at my property?
Yes, any maintenance that is required by law at your property. For example, yearly fire extinguisher inspection and maintenance by licensed third-party vendors.
What are “Owner Reserves” and how are they managed?
Owner reserves, also referred to as operational reserves, are 100% determined by our Clients. BFPM does not require a specific amount.
How and when do you disperse payments to owners?
BFPM sends checks electronically on or before the 15th of each month.
