Placentia
Property Management
Owning a rental property in Placentia is a time-consuming and sometimes stressful endeavor. But, like most cities in Orange County, owning a rental property in Placentia is a great investment that can yield excellent returns. At Good Life Property Management, we believe that you can enjoy the benefits of owning a rental property without the stress. We set out to make being a rental property owner as simple as possible. Whether it’s tenant selection, rent collection, or handling middle-of-the-night emergencies, we take care of everything so you can focus on the important things in life.
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. Placentia property management has never been so easy.
Money Back Guarantee
Our Placentia 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 Placentia
A city of over 51,000 residents, Placenta is located in northern Orange County, California. Placentia was named one of ten “All American Cities” in 1971 and since then has continued to be known for its easy-going lifestyle and welcoming family atmosphere. Placenta has a great mix of townhomes and single-family homes in quiet neighborhoods that are exceptionally safe. The city is only 35 miles away from Los Angeles, making it the perfect mix of suburban living and urban amenities.
Placentia offers residents lots to do including beautiful parks to explore. George Key Ranch Historic Park is a beautiful location surrounded by over 400 Valencia orange trees. Visitors to the park can explore the area’s agricultural heritage and enjoy the tranquil atmosphere. Tri-City Park is another great park where residents can enjoy fishing on the lake, walking trails, playground equipment, and picnic areas. Placentia also has fun annual events that bring the community together each year. The Heritage Festival and Parade brings everyone together for a car show, live music, family-fun games, and more. Learn more about Placentia by visiting the city’s official website.
Why owning rental property in Placentia is a good investment
With a large population of renters, Placentia is a great place to invest in rental properties as there is high demand in the area. Placentia has a diverse economy that brings jobs within the city limits. Additionally, the proximity to larger urban centers means it’s easy to commute to your job from Placentia. The mix of suburban feel with urban amenities makes Placentia a great location for families and young professionals looking to put down roots.
Placentia is part of the Yorba Linda Unified School District, and has some exemplary schools in the area including Parkview School, Van Buren Elementary School and John O. Tynes Elementary School.
Whether you’re looking for a single-family home, a condo, or a townhouse, Placentia has many options so you can find the perfect property to fit your needs.
How much does Placentia property management cost?
Every Placentia property manager has their own unique fee structure, which can vary significantly from other Placentia 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 Placentia property management services and pricing, please visit our Services and Pricing.
What to look for in a Placentia Property Manager
When interviewing Placentia 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 Placentia property manager, check out our Proven Process.
Marketing
How we market your property
We use the most popular online platforms to market your Placentia 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 Placentia 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 Placentia 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 Placentia 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 Placentia 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 Placentia 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. Placentia 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 Placentia, 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 Placentia
Placentia is a diverse suburban area that boasts family-friendly neighborhoods and a strong sense of community. The proximity to major cities like Anaheim, Fullerton, and Yorba Linda make Placentia a great area to invest in. There is a consistent demand for housing in Placentia and a large number of renters in the area. The housing market in Placentia paired with the growing metropolitan area mean that the properties tend to see long-term appreciation and investors see a good return on their initial investment.
Pros of Investing in Placentia
Compared to other cities in Orange County, Placentia is more affordable which can help more investors enter the market at a lower price point. This is great for any investors who are looking to enter the area but can’t afford some of the more expensive cities in the OC. Placentia tends to attract long-term renters who are looking to settle down in the area, providing you with more consistent rental income.
Cons of Investing in Placentia
Like many cities in Southern California, the cost of living in Placentia is quite high—it is over 150% higher than the national average. While this isn’t a deal breaker, it should be considered when planning everything from the cost of utilities to any potential property repairs or maintenance. The traffic in the area can also be heavy at times, so if you’re targeting the commuter population, it’s important to keep location within Placentia in mind.
Home Prices in Placentia
These are the year to date stats as of January 2024. For monthly stats, visit Redfin’s Placentia, CA Housing Market.
$1,212,500
The median price of a single-family home in Placentia
$498,500
The median price of condos/townhomes in Placentia
Rental Rates in Placentia
These are the 2024 average rent prices in Placentia. For monthly stats, visit Zumper.
$3,448/month
The average rent for a 3-bedroom apartment in Placentia
$2,548/month
The average rent for a 2-bedroom apartment in Placentia
$2,136/month
The average rent for one bedroom in Placentia
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