Balboa Island
Property Management

It can be time and energy consuming to manage a property in Balboa Island. While it can be challenging to be a landlord, owning a rental property in Balboa Island can also provide an excellent return on your investment. That’s where Good Life Property Management comes in—we aim to take the stress out of managing your rental properties in Balboa Island, Newport Beach. Our goal is to help property owners with everything they need—from collecting rent to managing emergencies and screening tenants—so you can spend your time living the good life. At Good Life Property Management, we strive to make it easy and stress-free to own rental properties.

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No Eviction Guarantee

If we have to evict a tenant we placed, for non-payment of rent, we will pay for the eviction up to $3,000 (which usually covers all court costs and attorney’s fees)! We will also find a new tenant for free.

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Good Pet Guarantee

At no additional cost to the owner, we will reimburse damages caused to the home above wear and tear up to $3,000 total for pet damage. Balboa Island property management has never been so easy. 

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Money Back Guarantee

We stand by our word. If for any reason you are not happy with our service, neither are we. We’ll refund you up to one year of paid monthly management fees if you aren’t happy in the first year of service. We’re committed to 100% client satisfaction!

Our Balboa Island Property Management Services

Overview

About Balboa Island

Balboa Island is a harborside community in Newport Beach, California. As you’d expect from the name Balboa Island is an island accessible to the public via bridges, ferries, and several public docks. With a population of only 2,221, Balboa Island is a small community with a high population density due to its small size. The quaint community is surrounded by a concrete pedestrian boardwalk that’s perfect for walking, biking, or running through the city.

The low crime rate paired with the excellent private and public schools in the area make Balboa Island an ideal location for families. Balboa Island is full of luxury homes and condominiums, cozy cottages, and bayfront homes with stunning views. If you’re looking for fun things to do, Balboa Island does not disappoint. Go parasailing 800 ft above the ocean, play a game or two at the Fun Zone at Balboa Village, or head onto the water for deep sea fishing, whale watching, a ride on a Sea Doo. For more information on Mission Viejo, visit the official Balboa Island city website.

Why owning rental property in Balboa Island is a good investment

Balboa Island is a prime location within Newport Beach that’s popular with both long-term residents and tourists. Its charm, proximity to the beach, and strong community atmosphere make it highly desirable, ensuring a steady stream of potential renters.

While there are no schools directly on Balboa Island, the area is part of the Newport-Mesa Unified School District that includes top-rated public schools like Harborview Elementary, Corona del Mar High School, and Tustin Hills Preparatory School.

Due to the island’s appeal and limited housing options, Balboa Island landlords often see higher-than-average rental rates and have a consistent rental income.

How much does Balboa Island property management cost?

Every Balboa Island property manager has their own unique fee structure, which can vary significantly from other property management companies in Newport Beach. At Good Life Property Management, we offer house, condo, and/or 2-4 units property management for an 8% monthly management fee. Alternatively, we provide multi-family (5-15 units) property management for a 6% monthly management fee. In addition to monthly management fees, we charge a leasing fee (which is 25% of one month’s rent), a $150 annual inspection fee, and a $195 lease renewal fee.

For Non-California residents, the Franchise Tax Board (FTB) requires property managers to withhold a percentage of income from property owners who live out of state as a pre-tax. payment. Our charge is $50/quarter, which covers submitting these payments on your behalf and your annual tax forms. We ensure compliance and timely filings so you can avoid penalties and focus on what matters most. To learn more about our Balboa Island property management services and pricing, please visit our Services and Pricing

What to look for in an Balboa Island Property Manager

When interviewing Balboa Island property management companies, you want to make sure they offer holistic property management services. For residential properties, we recommend the following services:

  • Helping you get the property ready for renting
  • Property marketing and advertising  
  • Showing the property to prospective tenants 
  • Screening and selecting qualified tenants 
  • Leasing signing and lease management 
  • Tenant support and 24-hour emergency maintenance services 
  • Rent collection and direct deposits services
  • General maintenance and annual inspections 
  • Periodic walkthroughs 
  • Lease modifications (i.e. adding a pet to the lease) 
  • Reports, photos and financial statements 
  • Legal notices to move tenants out 

For more information on what to look for in a Balboa Island property manager, check out our Proven Process

Marketing

How we market your property

We use the most popular online platforms to market your Balboa Island rental property. Through paid syndications, we create listings on websites such as Zillow, Trulia, Hot pads, and 50+ more major rental sites so we can get your rental the most exposure and find the best-fit tenant. Our team will take high-quality professional pictures of your rental and create a high-definition 3D virtual tour. We also write extensive information about your rental, including, amenities, price, community features, and other important living information so we can attract good candidates. Finally, we offer 7 day showing access and support for prospective tenants.

How we help you find the perfect rent price

Our Balboa Island rental property specialists assist you in determining the best rental price for your property by conducting a thorough market analysis. This includes investigating comparable properties in the Balboa Island area, examining current rental market conditions, seasonal fluctuations, and taking into account factors such as your property’s location, size, and condition. Based on this analysis, we will recommend a competitive rental price that will help you attract the right tenants for your property.

Furthermore, our Balboa Island property management services include monitoring the rental market and adjusting the price for each new lease term. That way, we can ensure that your property remains competitive and generates a healthy rental income.

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Tenant Screening

The Good Tenant Screening

At our Balboa Island property management company, we understand the importance of finding the right tenant. That’s why we’ve built our Good Tenant Screening process. This thorough and comprehensive process ensures that we find tenants who are reliable, responsible, and will take care of your property as if it were their own. Our screening process includes credit checks, background checks, previous landlord references, and more. We take the stress out of finding qualified tenants and give you peace of mind knowing that your property is in good hands.

Rent Collection

We direct deposit rent to your bank account

We use online rent payment portals, automated reminders, and late payment penalties to make sure that rent is paid on time. We also have a dedicated team who will follow up with tenants who are late on their rent to ensure that payments are received as soon as possible. With us as your Balboa Island property management company, you can rest easy knowing that rent collection is in good hands and that you’ll always be paid on time.

Maintenance

We’ve got your property maintenance covered

There are so many benefits to a well-maintained property; they rent faster, keep tenants happy, and have low turnover. That’s why we’re invested in quality maintenance and inspections of your property. Over the past 10 years, we’ve built great relationships with the best vendors in Orange County, so we can make sure your property receives affordable and quality care. We also offer 24-hour emergency maintenance services to ensure your tenants are always taken care of. Balboa Island property management has never been so easy.

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We make owning rental property easy

Renting your property shouldn’t be a hassle. It should give you a greater abundance of time, money, and energy. We’ve developed a team of A-Players who have made this a reality for over 1,000 property owners.
We can do the same for you.

Home Prices

in Balboa Island

Balboa Island is one of the most sought-after areas in Orange County. Owning a property here offers prestige and can serve as an excellent long-term investment for those looking to enter a high-demand, upscale market. The island offers a unique combination of being close to the beach, offering beautiful views, and having access to a wide range of amenities like shops, restaurants, and recreational activities. This makes it an attractive place for people to live, vacation, or invest, driving both demand and property values.

Pros of Investing in Balboa Island

Balboa Island has historically shown strong property value growth and has a reputation for maintaining and even increasing property values over time. Add to that the unique, upscale lifestyle that Balboa Island offers—residents enjoy a relaxed atmosphere, picturesque views, and a wide variety of leisure activities. This created a stable and desirable rental market for investors.

Cons of Investing in Balboa Island

Because Balboa Island is one of the most desirable locations in Southern California, it comes with a premium price tag. Purchasing a property on the island can be significantly higher than in other nearby communities. Additionally, Balboa Island is relatively small, with limited space for development or new property listings. This creates a tight market, meaning there are fewer properties available for sale or rent which can make it difficult to enter the market.

Home Prices in Balboa Island

These are the year to date stats as of January 2025. For monthly stats, visit Redfin’s Balboa Island, CA Housing Market.
$3,921,250

The median price of a single-family home in Balboa Island, Newport Beach – 92662

Rental Rates in Balboa Island

These are the 2025 average rent prices in Balboa Island. For monthly stats, visit Zumper.
$49,953/month

The average rent for a 4-bedroom apartment in Balboa Island.

$13,235/month

The average rent for a 3-bedroom apartment in Balboa Island.

$4,486/month

The average rent for a 2-bedroom apartment in Balboa Island.

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