I have worked with different property management companies in Santa Cruz for the last 20 years and I can tell you without any fear of contraction that the city has some of the best property management companies in the county. I also own some property in other big cities in the country and so far, Santa Cruz property managers are my favorite when it comes to quality of services and client satisfaction. I normally ask my tenants whether they are satisfied with how the company managing my rental properties serves them and Tenants from the Santa Cruz have never claimed to me even in a single moment. Having said that said that, here are the key things I have noticed about the city in the last 20 years.
The industry is very profitable in the city
I have realized that Santa Cruz property management is a booming business for those who have what it to satisfy both investors and renters. I have seen people grow from individual property managers to big companies within a very short duration. The business is good and real estate management companies in the city make huge money.
Property management companies offer outstanding services
In Santa Cruz, property managers are committed to offering quality services to their clients. It does not matter whether you are a tenant or a landlord, local property managers will make sure you are happy as long as you are their client. In my case, I have used property management in Santa Cruz the entire 20 years of my real estate investment and I firmly say that real estate managers in the city do not compromise quality when serving their customers.
The market is well regulated
It is worth noting that the property management in the city is well regulated and not everyone who can come in and start operating as a property manager. There are strict laws established by the local authorities to protect the rights and interests of different stakeholders. The local authorities are very strict about who is allowed to operate as a property manager in the area. Real estate managers have to be registered and licensed to be allowed to operate in the city after undertaking and passing certain examinations. Any violation of these laws can result in heavy fines and even withdrawal of the operating license.
Competition is on the rise
The market has attracted more companies, both local and non-local, in the recent past and competition is on the rise. Therefore, those planning to venture into the business of managing properties in Santa Cruz should be prepared for a strict competition from well-established local and non-local real estate management companies.
Cases of quack property managers are minimal
In my case, I have been hiring professional property managers to take care of my investment for the last 20 years and I have never come across a quack property manager. This could be probably because I normally go companies and not individual property managers. The majority of the real estate companies that operate in the city are run by qualified professionals with many years experience in the industry.