Westminster
Property Management
Westminster property management can be difficult and time-consuming. Good Life Property Management takes care of managing each of your residential rentals. We can help you with everything from selecting the ideal tenants to managing upkeep and collecting rent. We at Good Life Property Management aim to simplify the process of being a landlord.
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. Westminster property management has never been so easy.
Money Back Guarantee
Our Westminster 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 Westminster
Westminster is a city in Western Orange County and neighbors Garden Grove, Seal Beach city, Huntington Beach, Fountain Valley, and Santa Ana. This city has a population of 92,000 residents and a vibrant, culturally diverse community. Westminster is home to the largest Vietnamese community in the U.S., particularly in Little Saigon. This community showcases rich Vietnamese culture with trendy cafes, authentic restaurants, night markets, and annual events like the Flower Festival and the Tet Parade. The Night Market runs during the summer nights and offers incredible food, entertainment, and shopping. To learn more about Vietnamese culture, you can visit the Vietnam War Memorial or the Museum of the Republic of Vietnam.
Westminster offers a diverse range of cuisines, including authentic Vietnamese, unique gelato, Italian, and Mexican food. A few local favorites include Eiswelt Gelato, Kabab Grill Restaurant, Taco Grill, 3 Blossoms Cafe, and Da Vien Coffee.
Westminster also has a range of parks that provide residents and visitors with open spaces to relax. Parks such as Westminster Park, Liberty Park, and Sigler Park offer amenities like sports fields, playgrounds, picnic areas, and walking trails. The Bolsa Chica Ecological Reserve is also nearby, so if you’re a nature enthusiast, you can learn about the reserve and its mudflats, salt marshes, coastal dunes, seabird nesting islands, and freshwater marsh.
Why owning rental property in Westminster is a good investment
Westminster is more reasonably priced and has a variety of real estate possibilities when compared to other Orange County communities. Because it is easier to generate positive cash flow with lower purchase prices, this affordability might give investors better rental yields. Additionally, Westminster’s strong ethnic diversity and population, especially in Little Saigon, make it more appealing to tenants looking for a lively neighborhood. The city also benefits from Orange County’s larger economy and job opportunities, which could lead to a consistent demand for rental units.
How much does Westminster property management cost?
Every Westminster property manager has their own unique fee structure, which can vary significantly from other Westminster 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 Westminster property management services and pricing, please visit our Services and Pricing.
What to look for in an Westminster Property Manager
When interviewing Westminster 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 an Westminster property manager, check out our Proven Process.
Marketing
How we market your property
We use the most popular online platforms to market your Westminster 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 Westminster 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 Westminster 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 Westminster 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 Westminster 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 Westminster 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. Westminster property management has never been so easy.
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 Westminster 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 Westminster
In Westminster, single-family detached homes are the most prevalent kind of real estate, but apartment buildings and mobile homes are also frequent. Most housing dates back to the 1940s and 1960s, meaning that the architectural trends may feature single-story layouts, large windows, and open floor plans. These older homes can offer unique investment opportunities as they might require updates or renovations that can actually increase their value and appeal. More recent construction and developments have added modern housing to the mix, too.
Pros of Investing in Westminster
Compared to other cities in Orange County, you’ll find more affordable housing options in Westminster while keeping access and proximity to the coast and larger metropolitan areas like LA. One of the most unique perks of Westminster is its rich cultural diversity, authentic cuisine, and experiences that you won’t find anywhere else.
Cons of Investing in Westminster
One of Westminster’s major drawbacks is that the public transportation options are limited, and most residents rely on their cars to get around. Although some parts of Westminster are walkable, you will definitely need a car to shop, go to work, and have flexibility. Because most residents rely on their own transportation, running into traffic and congestion is very common, especially during rush hours.
Home Prices in Westminster
$970,000
The median price of a single-family home in Westminster – 92683
$760,000
The median price of condos/townhomes in Westminster – 92683
Rental Rates in Westminster
$3,488/month
The average rent for a 3-bedroom apartment in Westminster.
$2,867/month
The average rent for a 2-bedroom apartment in Westminster.
$2,310/month
The average rent for one bedrooms in Westminster.
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
Who’s Responsible for Pests? The Ultimate Orange County Guide
Learn who’s responsible for pest control in Orange County rentals. Comprehensive guide to California laws, landlord duties, tenant obligations, and preventing infestations.
The Ultimate Formula for Pricing Your Rental in Orange County
Learn the ultimate formula for pricing your rental property. Maximize profit and minimize vacancies with our Max Rent Pricing strategy—simple, effective, and proven!
A Wake-Up Call on Section 8 Discrimination
Discover why Section 8 discrimination is illegal in California and how landlords can comply with housing laws. Learn about the benefits of Section 8 and steps to streamline the process.
