In 1992 I had the good fortune of having a friend and financial mentor encourage me to purchase rental property. His perspective was that if I could find a way to buy rental property now and hold on over time the benefits would be life changing including the benefits of being a lower taxed income than my self-employment income, appreciating equity, write-offs and creating a retirement.
I managed the property for two years and had I known how difficult it was to manage property I probably never would have purchased the property. Luckily I found Cal-Prop and they solved all of the issues I found the most difficult.
Maintenance: Finding a reliable person to do the constant repairs of an apartment is down right impossible. They are either too expensive or they do not do a quality job. Cal-Prop has eight high quality technicians that do a great job each and every time. In a recent communication with Cal-Prop I was surprised to find they completed 2,400 work orders on the buildings they managed in 2008. For my building they had a maintenance tech cover every serious problem that day or the next.
Tenants: My property is in the beach and the tenant base is fairly young and immature. They can be difficult to work with and it may be their first rental and not understand the complexities and responsibilities of renting in California. After I first turned over the management the tenants still had my phone number and they called often and thanked me regarding how prompt and courteous Cal-Prop was.
Reports: Every month Cal-Prop sends me a clean, easy to read report. I receive it every month at the same time. It usually arrives early.
Capital Improvements: Over time I had to replace some major building components and Cal-Prop had a contractor for whatever came up that was highly skilled and at a competitive price.
Asset Management: Over the years I developed a trusting relationship with Cal-Prop and they helped me purchase my home, purchase a small office building and subsequently sell those when I moved to