Corona
Del Mar
Property Management
Managing property in Corona del Mar can take time and effort. While frustrating, owning a rental property in Corona del Mar can also yield a substantial return on your investment. But you don’t have to worry about the challenging aspects of property management—that’s why we founded Good Life Property Management. GLPM is a property management company committed to taking the stress out of managing your residential properties in Corona del Mar, California. We’re here to help you collect rent, maintain your property, and find the perfect tenants. We make owning rental properties in Corona del Mar as simple as possible.
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.
Good Pet Guarantee
At no additional cost to the owner, we will reimburse damages caused to the home above wear and tear up to $3,500 total for pet damage. Corona del Mar property management has never been so easy.
Money Back Guarantee
Our Corona del Mar Property Management Services
- Advertisement
- 3D Tour
- Market research
- Quality photography
- Tenant screening
- Rent collection
- Direct deposits
- Lease management
- 24/7 maintenance
- Eviction coverage
- Monthly statements
- Property inspections
Overview
About Corona del Mar
A small neighborhood nestled above the cliffs of the Pacific Ocean, Corona del Mar is a hamlet in Newport Beach. With a population of just over 11,000, Corona del Mar—or the “Crown of the Sea”—is one of the best neighborhoods to live in Newport Beach. The stunning vintage cottages are nestled between new houses, giving the neighborhood its unique charm. The low crime rates and the excellent public schools make Corona del Mar a sought-after location for families.
Corona del Mar is an outdoor oasis, especially for those who love the water. With beaches and parks spread across the small neighborhood, Corona del Mar offers many opportunities to get outside and active. You can head to Corona del Mar State Beach for a swim, surf, or dive, or go to Crystal Cove State Park to snorkel. Little Corona del Mar Beach is a great place to explore the colorful creatures living in the tidepools. For more information on Corona del Mar, visit the official Corona del Mar city website.
Why owning rental property in Corona del Mar is a good investment
Corona del Mar is an upscale beach community that has a small-town feel and lots for locals to do. With a high quality of life, low crime rates, and approximately 40% of residents renting, there is a high demand for rentals in the Corona del Mar area.
Corona del Mar offers quality education to its residents with top-rated schools like Early College High School, Newport Coast Elementary School, and Corona del Mar High School. Additionally, the area has a bustling town center with shopping, restaurants, cafes, and more.
Corona del Mar’s natural beauty and ideal location help to bolster the already robust real estate market. From the beautiful beaches and upscale boutiques, it’s clear why Corona del Mar is one of Orange County’s most sought-after communities.
How much does Corona del Mar property management cost?
Every Corona del Mar property manager has their own unique fee structure, which can vary significantly from other Corona del Mar property management companies. 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 $595 leasing fee, a $150 annual inspection fee, and a $195 lease renewal fee. To learn more about our Corona del Mar property management services and pricing, please visit our Services and Pricing.
What to look for in an Corona del Mar Property Manager
When interviewing Corona del Mar 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 Corona del Mar property manager, check out our Proven Process.
Marketing
How we market your property
We use the most popular online platforms to market your Corona del Mar 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 Corona del Mar 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 Corona del Mar 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 Corona del Mar 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.
Tenant Screening
The Good Tenant Screening
At our Corona del Mar 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.
- Income verification
- Credit report check
- Criminal background check
- Pet screening
- Eviction history
- Rental history
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 Corona del Mar 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. Corona del Mar 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 Corona del Mar
If secret coves, broad beaches, and small-town vibes are up your alley, Corona del Mar is where you can find your desirable slice of coastal life. Popular with locals and visitors alike, this beach town is a top-tier destination for those looking for surf, sand, and the great outdoors. Corona del Mar also has an amazing shopping scene with a mix of high-end boutiques and unique shops offering everything from beachwear to home decor to locally-made jewelry. Corona del Mar is a popular place to rent because of its low crime rate, booming job market, and luxury lifestyle.
Pros of Investing in Corona del Mar
Corona del Mar has a strong job market thanks to nearby Newport Beach, which is home to several major companies, including Pacific Life Insurance, PIMCO, and the Irvine Company. Additionally, the University of California Irvine is located just a few miles from Corona del Mar. The university attracts students and faculty from across the globe. The combination of a prime coastal location, booming economy, and top-rated schools makes Corona del Mar an ideal location to live and work.
Cons of Investing in Corona del Mar
Like most coastal towns in Orange County, Corona del Mar can be expensive to buy a rental property. The high real estate prices can impact your investment entry point and may be a limiting factor. Corona del Mar is a wonderful place to live, which is exactly what makes the housing market extremely competitive.
Home Prices in Corona del Mar
These are the year to date stats as of September 2024. For monthly stats, visit Redfin’s Corona del Mar, CA Housing Market.
$2,400,000
The median price of a single-family home in Corona del Mar
Rental Rates in Corona del Mar
These are the 2024 average rent prices in Corona del Mar. For monthly stats, visit Zumper.
$9,840/month
The average rent for a 3-bedroom apartment in Corona del Mar.
$5,434/month
The average rent for a 2-bedroom apartment in Corona del Mar.
$3,182/month
The average rent for one bedroom in Corona del Mar.
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