Newport Beach
Property Management
Managing property in Newport Beach can be tough and time consuming. That’s where Good Life Property Management comes in. We’re dedicated to taking the hassle out of managing your residential rental properties in Newport Beach, California. From finding the perfect tenants to handling rent collection and maintenance, we’ve got you covered. At Good Life Property Management, we make owning rental property easy.
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 $3,000 total for pet damage. Newport Beach property management has never been so easy.Â
Money Back Guarantee
Our Newport Beach 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 Newport Beach
Newport Beach is a coastal city in the southwestern part of Orange County known for its oceanfront and upscale residential properties. One of the most well-known attractions in Newport Beach is the Balboa Fun Zone, one of Southern California’s oldest coastal amusement parks. Here, you can ride the Ferris Wheel with an oceanfront view, rent bikes, go on a harbor cruise, go whale watching, or take a ferry to Catalina Island for the day. The city surrounds Newport Bay, which offers eight miles of fishing, swimming, surfing, and water sports. With 10 miles of coastline fun, you can find beaches for bonfires like Corona del Mar State Beach, or you can go to Upper Newport Bay Beach for a more peaceful time in the sun.
Newport Beach also has a vibrant nightlife and dining scene that ranges from casual beachfront bars to upscale lounges and restaurants. For a lively atmosphere and music, you can check out The Blue Beet and Woody’s Wharf. Or if you’re looking for fresh seafood and an upscale dining experience, check out Mastro’s Ocean Club and The Winery Restaurant & Wine Bar.
Similarly, you can find a range of shopping and art experiences in Newport Beach, from local boutiques to larger shopping centers. One of the most popular shopping destinations is Fashion Island, an open-air shopping center with high-end retail stores, restaurants, and entertainment. Newport Beach also has numerous art galleries showcasing local and international artists to showcase their appreciation for the arts. The city also hosts art events and festivals throughout the year, such as the Newport Beach Art Exhibition and the Balboa Island Artwalk, where artists display and sell their work while you enjoy the sea breeze.
Why owning rental property in Newport Beach is a good investment
Newport Beach’s ideal oceanfront location and property appreciation rates make it an excellent place to own rental property. The city attracts affluent permanent residents and tourists with its beautiful beach views, luxurious homes, and lively neighborhoods. These factors, along with the vibrant community, add to a consistent demand for rentals, which drives up rental prices and property appreciation.
How much does Newport Beach property management cost?
Every Newport Beach property manager has their own unique fee structure, which can vary significantly from other Newport Beach 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 Newport Beach property management services and pricing, please visit our Services and Pricing.
What to look for in an Newport Beach Property Manager
When interviewing Newport Beach 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 Â
- Showing the property to prospective tenantsÂ
- Screening and selecting qualified tenantsÂ
- Leasing signing and lease managementÂ
- Tenant support and 24-hour emergency maintenance servicesÂ
- Rent collection and direct deposits services
- General maintenance and annual inspectionsÂ
- Periodic walkthroughsÂ
- Lease modifications (i.e. adding a pet to the lease)Â
- Reports, photos and financial statementsÂ
- Legal notices to move tenants outÂ
For more information on what to look for in an Newport Beach property manager, check out our Proven Process.
Marketing
How we market your property
We use the most popular online platforms to market your Newport Beach 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.Â
How we help you find the perfect rent price
Our Newport Beach 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 Newport Beach 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 Newport Beach 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 Newport Beach 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.Â
- 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 Newport Beach 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. Newport Beach property management has never been so easy.Â
Get all your questions answered by an expert for free
Subscribe to Our Orange County Landlord Newsletter
Agent Referrals
Earn money through our Agent referral program by referring clients who need Newport Beach 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 Newport Beach
Over the last few years, Newport Beach has ranked as one of the most expensive real estate markets in the U.S. While the median home price can range widely depending on location, size, and waterfront access, it is very common that you’ll see homes going for well above $2 million. Although the entry price into the real estate market here is high, there is such high demand that you’re likely to experience a quick sale. Most of the homes in Newport Beach are luxurious single-family homes, especially in areas like Corona del Mar and Balboa Peninsula, which range from modern, uniquely designed homes to older houses with historic charm. You can also find condos and townhomes that are bit more financially accessible and require less maintenance, along with areas like Newport Center, East Bluff, Newport Coast, and West Newport.
Pros of Investing in Newport Beach
Newport Beach offers an incredibly high quality of life with its stunning beaches and luxury amenities, making it a huge attraction for seasonal tourists looking for rental properties. The city is well-maintained and offers top-tier dining, shopping, and pristine beaches.
Cons of Investing in Newport Beach
Due to the scarcity of available properties, you can expect your first investment in the real estate market to be substantial. This can make it challenging to find reasonably priced investment options, particularly if you want to put money into some of Newport Beach’s most sought-after neighborhoods, such Newport Coast or Corona del Mar.
Home Prices in Newport Beach
$4,522,500
The median price of a single-family home in Newport Beach – 92657, 92660, 92661, 92662, 92663
$1,737,500
The median price of condos/townhomes in Newport Beach – 92657, 92660, 92661, 92662, 92663
Rental Rates in Newport Beach
$8,300/month
The average rent for a 3-bedroom apartment in Newport Beach.Â
$4,587/month
The average rent for a 2-bedroom apartment in Newport Beach.Â
$3,426/month
The average rent for one bedrooms in Newport Beach.Â
Are you debating whether to rent or sell your property?
Join our community of OC homeowners.
See why 1000's of Property Owners & Realtors Trust us:
Orange County Property Management Blogs
Important Legal Updates for California Landlords (2024)
In this blog post, we’ll cover important legal updates for California landlords regarding security deposits and rent increases.
How Long Will It Take to Rent My Orange County Property?
Learn six proven strategies to help you reduce vacancy rates by renting your property to qualified tenants as fast as possible.
Home Warranties and Rental Properties in Orange County
When talking about rental properties, home warranties aren’t a good idea. But why? We’re sharing 4 reasons rental properties don’t mesh with home warranties.
