Property Management – Los Angeles

The City of Los Angeles, California is the second most populous city in the United States. It had an estimated population of 3.96 million persons. Los Angeles serves as the principal city for the Los Angles metropolitan region.

The City as well as the metropolitan region has experienced tremendous growth in population and in economic diversity. The major employment industries contributing to the growth include services, wholesale and retail trade, manufacturing, government, financial services, transportation, utilities, tourism, and construction. The Ports of Los Angeles and Long Beach combined rank first in the nation in volume. The City of Los Angels is home to the film, television and music industries and it serves as a principal global cultural center.

All these factors have led to the problem of housing affordability in the Los Angeles area. The current median home price for Los Angles County is $580,140, which is well above the national median price of $217,900. These high prices have forced households to live in rental housing which are usually managed by professional management companies. Some of the professional management companies in Los Angeles are listed below:

1. L B Property Management Inc.
Address: 4730 Woodman Avenue Ste 200, Los Angeles, CA 91423

L B Property Management Inc manages condos and homeowners association that are up to or more than fifty units, multi family complexes that are up to or more than a hundred units, retail units that are up to or more than a hundred thousand square feet, office space that are up to or more than a hundred thousand square feet and ware house distribution facilities that are up to or more than a hundred thousand square feet. They also manage light manufacturing facilities that are up to or more than a hundred thousand square feet.

Services provided by the L B Property Management Inc include:

• Tenant management: L B Property Management will screen potential tenants, collect the rents from the tenants and also assess penalties for late payment if applicable

• Accounting services which include preparing annual tax statements, timely preparation of sophisticated financial returns and disbursement of the rental proceeds

• Administration of the lease including lease enforcement; maintenance of tenant and property files including tenant's security deposit; appropriate registration of the property with the concerned government agencies; lease renewals and issue of any late notices. In addition, L B Property Management also deals with problem tenants and manages the eviction of delinquent tenants

• L B Property Management also provides maintenance services including conducting detailed property inspections, computerized tracking of maintenance for each property and providing twenty four hour emergency services.

2. Westside Management Group
Address: 141 N Kenwood St, Suite 10, PO Box 2046, Glendale CA 91209
1715 Camden Ave, Suite 305 Los Angeles, CA 90025-4473
San Fernando Valley & West LA, CA 90025

Westside Management Group only manages multi family complexes that are up to or more than a hundred units and provide all the services listed above for L B Property Management Inc.

Article Source: http://www.realestatepropertyarticles.com.

About the Author:
Ann Sommers is a contributing real estate editor at http://www.realestatepropertyarticles.com/. This article may be reproduced provided that its complete content, links and author byline are kept intact and unchanged. No additional links permitted. Hyperlinks and/or URLs must remain both human clickable and search engine spiderable.