Newport Coast
Property Management
Owning and operating a rental property in Newport Coast is a stressful and time-consuming endeavor for landlords. And while that might seem like a reason to not invest, it shouldn’t be the reason you miss out on a lucrative opportunity with a high return on your investment. We founded Good Life Property Management for that exact reason—to help property owners take the stress out of managing their Newport Coast rental properties so they can focus on living the Good Life. We take care of everything from finding and managing the perfect tenants to ongoing property management. At Good Life Property Management, we strive to make owning rental properties in Newport Coast easy, and stress-free.
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. Newport Coast property management has never been so easy.
Money Back Guarantee
Our Newport Coast 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 Coast
Newport Coast is a 7,700-acre community located on the southernmost tip of Newport Beach, California. The area is prestigious and encompasses the South Orange County coast between Corona Del Mar and Laguna Beach. From the coastal canyons to the Pacific Ocean, you’d be hard pressed to find a location in Newport Coast that didn’t have a breathtaking view. The neighborhood has also preserved many open spaces, nature trails, and more to establish the luxe feel of Newport Coast.
If you’re looking to get outside, Crystal Cove State Park/Crystal Cove State Beach has three beautiful beaches each offering something different. Reef Point gives you access to two coves while Pelican Point has a 3.25 mile hiking trail. And Los Trancos offers access to a historic district of quaint 1930s-style homes. If you like a bit of adventure, the 1,140 acre underwater park is perfect for snorkeling and scuba diving, while El Moro is a 2,200-acre chaparral canyon with 18 miles of biking, hiking, and horse trails. For a more laid back afternoon, head to the world-famous The Resort at Pelican Hill for a round of golf with an incomparable view. For more information on Newport Coast, visit the official Newport Coast website.
Why owning rental property in Newport Coast is a good investment
Located on some of the most scenic coastlines in Southern California, Newport Coast is a sought-after destination for residents and tourists alike. It’s known as the “Pacific Riviera,” and easily lives up to its name. The area is all about getting outside but in a luxurious fashion—golf courses with a view, high-end shopping centers, and fine-dining restaurants can be found throughout the neighbourhood.
Newport Coast is part of the award-winning Newport-mesa Unified School District. Highly rated schools like Corona del Mar High, Corona del Mar Middle, Newport Coast Elementary and Harbor View Elementary make Newport Coast an attractive place for families to settle down.
Newport Coast has a variety of activities for families. While Crystal Cove beach is always an option, there are also parks like Coastal Peak Park and Newport Ridge Community Park. And if you’re looking for a family friendly treat with a stunning view, look no further than Crystal Cove Shake Shack, a local staple.
Newport Coast has a suburban lifestyle with easy access to all of the amenities Orange County has to offer. It’s perfect for people looking for a quieter lifestyle who still need to be close to the urban areas for work and entertainment.
How much does Newport Coast property management cost?
Every Newport Coast property manager has their own unique fee structure, which can vary significantly from other Newport Coast 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 Newport Coast property management services and pricing, please visit our Services and Pricing.
What to look for in a Newport Coast Property Manager
When interviewing Newport Coast 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 Newport Coast property manager, check out our Proven Process.
Marketing
How we market your property
We use the most popular online platforms to market your Newport Coast 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 Newport Coast 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 Coast 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 Coast 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 Coast 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 Newport Coast 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 Coast 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 Newport Coast, 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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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 Coast
Newport Coast is a desirable location for those looking to live in Orange County. It is the epitome of luxury living, right on the coast with the stunning beach views to prove it. Newport Coast is a relatively small neighborhood, covering 9,432 acres of which 75% is dedicated to open spaces. Living in Newport Coast comes with prestige and status—if someone is looking to live in a location that states “wealth and success,” Newport Coast may be the perfect fit.
Pros of Investing in Newport Coast
Newport Coast is known for its luxury real estate market. This creates a more stable market, as it attracts high-end tenants who are often less affected by economic downturns. Over time, Newport Coast has seen consistent appreciation in property values thanks to its amazing location. Investing in real estate in Newport Coast often leads to substantial returns as the area continues to be a desirable location.
Cons of Investing in Newport Coast
While the luxury market is a pro for many reasons, it’s also a con as it makes it more expensive to buy a rental property in Newport Coast. There is also limited inventory available in Newport Coast which can be frustrating for investors looking to scale their portfolio quickly. Because most homes are beachfront or along the coastline, insurance costs may be higher due to the risks of natural disasters like wildfires, earthquakes and floods.
Home Prices in Newport Coast
These are the year to date stats as of December 2024. For monthly stats, visit Redfin’s Newport Coast, CA Housing Market.
$7,750,000
The median price of a single-family home in Newport Coast
Rental Rates in Newport Coast
These are the 2024 average rent prices in Newport Coast. For monthly stats, visit Zumper.
$9,573/month
The average rent for a 3-bedroom apartment in Newport Coast.
$5,054/month
The average rent for a 2-bedroom apartment in Newport Coast.
$3,356/month
The average rent for one bedroom in Newport Coast.
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