Cypress
Property Management
Managing a property in Cypress can be time-consuming and stressful. But this shouldn’t deter you from investing in a rental property in Cypress. With Good Life Property Management, you can let go of the stress and headaches that come with property management and focus on the return on your investment instead. We make the process hassle-free by taking on everything from helping you find the best tenants, maintaining your property, collecting rent, and more. Here at Good Life Property Management, we simplify the process of being a landlord in Cypress.
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. Cypress property management has never been so easy.
Money Back Guarantee
Our Cypress 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 Cypress
Cypress, a city in northwestern Orange County, is home to 50,151 residents. Originally named Dairy City, the city was renamed Cypress after the Cypress trees that had been planted to protect against the strong Santa Ana winds following a vote in 1957. The city is a great place to live for families, professionals, and retirees who are looking for sunshine, good schools, and easy access to attractions and amenities. Cypress is known for its high quality of life thanks to an abundance of parks, well-maintained neighborhoods, and welcoming atmosphere.
The local farmers market runs every weekend where residents can pick up organic produce, farm fresh eggs, freshly baked breads, local honey and more. If you’re looking to get outside and enjoy the great outdoors, you can enjoy one of the city’s 14 parks to go for a walk, bike, or picnic. If you’re looking for a great place to spend an afternoon with your family, look no further than Arnold Cypress Park. Head there to play on the playground, have a BBQ, or join a quick round of pickleball. Or spend some time in Oak Knoll Park, playing a game of basketball, volleyball, or baseball. For more information on things to do in Cypress, visit the official city website.
Why owning rental property in Cypress is a good investment
Cypress has a wide range of appeal thanks to its engaged community and diverse range of housing options. Whether you’re looking to invest a single-family home in a residential neighborhood or a modern apartment with urban amenities, Cypress has a variety of choices to fit any investment plan. Because of this, Cypress is home to a vibrant, culturally diverse community that has a strong sense of belonging among its residents.
Cypress is part of the award-winning Cypress School District with elementary schools in the district being awarded Blue Ribbon Schools of Excellence by the Department of Education. Some of the top-rated schools include Oxford Academy, Cypress High School, Fairmont Preparatory Academy, and St. John Bosco High School.
Safety is of the utmost importance to residents of Cypress, and the city usually ranks as one of the safest cities in Orange County. There’s a commitment to safety that the residents share that makes the neighborhoods quiet, comfortable, and above all else, safe.
How much does Cypress property management cost?
Every Cypress property manager has their own unique fee structure, which can vary significantly from other Cypress 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 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 Cypress property management services and pricing, please visit our Services and Pricing.
What to look for in a Cypress Property Manager
When interviewing Cypress 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 Cypress property manager, check out our Proven Process.
Marketing
How we market your property
We use the most popular online platforms to market your Cypress 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 Cypress 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 Cypress 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 Cypress 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 Cypress 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 Cypress 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 Cypress 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. Cypress property management has never been so easy.
Tenant Placement Services
For self-managing landlords
Are you a self-managing landlord looking for help finding the right tenant in Cypress, CA? Our flat-rate tenant placement/lease-only service is designed for you!
We take care of everything—from pricing your rental and marketing your property to showing the unit, conducting background checks, preparing legal forms, and coordinating introductions between you and your tenant.
Let us handle the hard work while you stay in control. Ready to fill your rental? Let’s talk. Schedule your free consultation today.
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Agent Referrals
Earn money through our Agent referral program by referring clients who need Cypress property management services.
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 Cypress
The combination of a warm, engaged community, convenient location, world-class educational opportunities, and many outdoor recreation spaces makes Cypress a sought-after destination for residents and tourists alike. The weather in Cypress is classic Southern California—mild winters and warm summers—and being only seven miles from the beach means you’re never far from dipping your toes in the ocean. Cypress is also conveniently located near major highways, making it convenient to access surrounding cities.
Pros of Investing in Cypress
Cypress is home to a growing number of industrial and commercial properties, bringing more professionals to the area. Cypress is also a more affordable option compared to other neighboring cities like Irvine, Huntington Beach, and Costa Mesa. Thanks to the excellent educational opportunities and the low crime rate, Cypress is a desirable location for families looking to put down long term roots.
Cons of Investing in Cypress
Although Cypress is close to major freeways, there are limited transit options within the city which can keep some renters at bay. Cypress is competing with neighboring cities like Garden Grove, Long Beach, and Anaheim for residents. Many of these bigger cities have larger development projects and more amenities, making it a more competitive market for real estate investors.
Home Prices in Cypress
These are the year to date stats as of March 2024. For monthly stats, visit Redfin’s Cypress, CA Housing Market.
$1,160,000
The median price of a single-family home in Cypress
$805,000
The median price of condos/townhomes in Cypress
Rental Rates in Cypress
These are the 2024 average rent prices in Cypress. For monthly stats, visit Zumper.
$4,205//month
The average rent for a 3-bedroom apartment in Cypress.
$2,860/month
The average rent for a 2-bedroom apartment in Cypress.
$1,975/month
The average rent for one bedroom in Cypress.
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