PROPERTY MANAGEMENT FOR SANTA BARBARA & VENTURA COUNTies

Yes. We charge an initial $650 set up fee. The fee pays for the following:

• Collection and organization of property documents including cloud backup
• Entry of all tenant contact and lease information into our Management software.
• Entry of all owner contact and agreement information into our management software
• Set up of Resident Online Payment portal
• Set up of Individual Property Bank Account (if necessary)
• Transfer of existing utility bills to The Avanti Group (If Needed)
• Key Copy, Label and Test
• Face-to-Face meeting with all existing tenants
• Existing vendor contract review and revision
• Initial property inspection

• Reach out to Us for a Brief Phone Call
• Conduct an Informal Site Tour
• Sign a Management Agreement
• Provide Proof of Property Insurance
• Transfer all utility bills to the management office address (if any)
• Provide Current Tenant Leases and Security Deposit Receipts (if any)
• Provide a Complete Set of Keys to the Property
• We will send out an introductory letter to the tenants

• We will take crisp photos of the vacant unit.
• A friends and family advertisement is sent to our large network of tenants
• Units are posted on Trulia, Zillow, Apartments.com, Craigslist, Lovely and Many More
• If permitted, a professional sign is posted in front of the property

We do offer bill payment services to clients including payment of property taxes and insurance from the real estate operating account.

We make an effort to conduct monthly walk-throughs of common areas. We suggest a bi-annual walk-through of all units along with furnace, water heater and smoke detector inspections.

In most cities, a sign with management name and phone number is required (multi-family). Although we do not require a management sign be posted, we do encourage potential and existing tenants, police and fire workers and neighbors to stay in touch. A professional sign is the best way to do that.

There is no way to predict how long a unit will remain vacant, even in the best market conditions. We do work diligently using our decades of experience to rent the property quickly. Finding a quality long-term tenant with the ability to pay rent on-time and keep the property in good condition is our key objective.

• A Complete & Thorough Application
• A Criminal Background & Eviction Check
• A Credit Check
• Income Verification

We collect all move-in fees and/or deposits plus one full month of rent at lease signing. If applicable, we will prorate the second month’s rent if tenants move in after the 1st of the preceding month. The rental commission will be paid with proceeds from 1st month’s rent.

Unfortunately, evictions happen and we are prepared to deal with them carefully, professionally and effectively. We and our team of vetted attorneys have a comprehensive understanding of California's eviction procedure. Because evictions can be long & labor intensive, we do charge a one-time fee of $750 upon service of official notice.

• In California: We take one months rent. If the unit is furnished we can take up to two months rent.
• Additional Deposits: We suggest a $500 additional deposit per "pet" (non-service animal)

Prior to tenant move-in, and before advertising when possible, our vendors complete the following turnover items: carpet cleaning, blind cleaning, general cleaning, paint touchup and general unit inspection.

We take late rent and assessments seriously. Tenants are allowed a 4-day grace period for payment per California law followed by a 5% late fee. 3-day notices are delivered to tenants promptly on the 5th-day of unpaid rent and eviction proceedings begin on the 9th-day of unpaid rent.

• Lease Fee: Lease Fees are collected from the tenants 1st Month of Rent paid at Lease Signing
• Management Fee: Management Fees are collected on the 15th of each month along with maintenance expenses from the operating account.

Although we do prepare monthly and year-end statements and reports, a licensed CPA should review and file your tax returns. If you don’t have one, let us know! We are happy to make a referral.

Monthly Invoices & Statements are sent on the 15th of each month. If the 15th falls on a weekend or holiday, invoices and statements will be sent on the following business day.

Yes. We charge $700 for lease renewals. Our fee pays for:

• Annually updated and reviewed leases to maximize owner protections
• A Face-to-Face review of our lease with renewing tenant to ensure they understand their duties and obligations under our contract
• A comprehensive inspection of the unit and appliances to ensure your investment is protected.

Property management companies must follow the rules and regulations of the state in which they operate. Most states require at least a real estate brokers license and some require that property managers (and property management companies) have a specific license for managing community associations.

Depending on the company, residential and commercial property management fees are negotiable. There are often flat fees and percentages of the monthly rental value of the property.

Maintenance expenses may be written off at their full cost and include activities such as patching walls, repairing broken windows or repairing appliances. Capital expenses that must be depreciated are those that contribute to the value of your home or lengthen its useful life, such as a new roof, an addition or a renovated basement. Administrative expenses may also be written off in full and include advertising for your apartment, credit checks or legal fees. Contracting with a property management company falls under this category.

Property owners and real estate investors can safety expect to pay 10% of the monthly rental values in addition to expenses. Many companies also charge a monthly fee which can vary based on a number of factors including location, need, value, etc.

Depending on the size of the property and a landlord/property owner’s available time, expertise or relationships, professional property management is worth the cost – which is typically a flat monthly fee and a percentage of the rental value of the property.

In general, property management is important for landlords and property owners to consider if they do not have the time, expertise or relationships necessary for proper upkeep of a rental or investment property.

There are many different property management certifications. The most common is the Certified property Manager (CPM) which is provided by the Institute of real Estate management (IREM). Other certifications include Certified Apartment Manager (CAM), Certified Manager of Community Associations (CMCA), and Residential Management Professional (RMP)