Riverside County Services and Fees
Too many companies have hidden costs and fees that only appear after you sign the contract. That's why all of our fees are outlined below.
Property Management Fees
Our property management fee structure is as easy as 1-2-3. While our basic property management services cover almost everything to do with your rental, we also offer additional services and protection for your peace of mind.
Base Management Fee
$100/month*
Our monthly management fees start at just $100/month* and includes:
- Rent Collection
- HOA Violation Response
- Rent Increases
- Lease Extensions
- Legal Postings
- Repair coordination †
- Coordination of Move In/Out Inspections
- 24/7 Emergency Hotline
- Property Accounting and Reporting
- Owner and Resident Portal Access
- End of Year 1099 Reporting
- And More!
While our base management fee covers most day-to-day needs, we are also happy to offer the following options that you can add to your management fee for an additional fee.
Eviction Cost Coverage
- We will cover any and all court and attorney fees incurred by an eviction. Besides paying for all legal fees, we also help coordinate the eviction process for you. Legal postings, court appearances, and tenant communications are all handled by our office.
1st of Month Rent Distributions
- Rents will be distributed on the 1st of the month, even if the tenant has not yet paid rent!
- We take the stress out of not knowing when your tenant will pay rent, providing consistent payments sent out on the 1st of the month.
- Terms and conditions apply**
Property Inspections
- Have our agents inspect your property every six months. Our agents check for any repairs that may have gone unreported and assess the overall condition of the home. You receive a detailed report after each inspection and photos of any noted issues.
Property Management
- Our property management services are offered for only $100 a month. Our services include:
- 1st of the month rent proceeds *
- Repair Coordination
- Real Time Financial Statements
- Lease Renewals/Extenstions
- Any legal postings to tenants
- Rent Collection
Eviction Cost Coverage
- For an addition $15/month, we will cover any and all court and attorney fees incurred by an eviciton. Besides paying for all legal fees, we also help coordinate the eviction process for you. Legal postings, court appearances, and tenant communications are all handled by our office.
Property Inspections
- For an additional $15/month, we have our agents inspect your property every six months. Our agents check for any repairs that may have gone unreported and assess the overall condition of the home. You recieve a detailed report after each inspection and photos of any noted issues.
* $100 per month for first 12 months of management only, $130 per month thereafter
† A 5% mark-up is added to all vendor invoices coordinated through our office
**Advance payment of rent proceeds begins after the first month a tenant move into, and ends a month before tenants vacate, the property. Advanced payments continue unless the tenant falls more than 30 days behind on rent. In this case, rent proceeds are dispersed when rent is received. Advanced payment of rent resumes after tenant has become current on rent for 30 days.
Property Management Services
Find Out More About How We Manage Your Property And Our Services At Just $100/Month
Advanced Payment of Rent
Why wait to receive rent payments from your tenants? We advance our owners their monthly rent proceeds so you never have to worry about your tenants paying rent late. We continue this so long as your tenants pay rent within thirty days and we always inform you if you tenants fall behind on rent. With this unique feature, our company allows you to turn a rental property into a passive income stream with regular payments.
Repairs Coordinated
We handle and coordinate any and all of the repairs for you properties at no additional charge. Tenants can always reach us, even after hours, meaning that small repair issues don't have the chance to develop into large repairs. We have developed relationships with our vendors over many years, meaning that we can keep repair costs lower than you might find elsewhere.
Powerful Financial Reports
Keep a close eye on your property's financial health with access to 24/7 financial reports on your owner portal. We also upload copies of all invoices charged to your property for your review, and you receive monthly reports summarizing your property's cash flow. View income, expenses, trends, and much more at any time.
Lease Renewals / Rent Increases
We coordinate and prepare lease renewals and rent increases free of charge. More than that, we also perform a market analysis each time your tenant's lease is up for renewal and recommend any rent increases that may be needed. This helps keep your property competitive with the markets and helps maximize your returns.
Legal Postings / Notices
California tenancy laws can be complicated. We help by posting any required legal postings and notices to the tenants free of charge. We are also members of the California Association of Realtors (CAR), meaning that we stay up to date on tenancy laws and guidelines.
Rent Collection
With options to pay in person, by mail, and online, we offer more ways for our tenants to pay. Each time a tenant submits payment, we generate a receipt to ensure accurate records and transparency. Tenants are also given online access to their ledgers, allowing them to see any and all charges placed on their accounts.
Leasing Fees
50% of first month’s rent
Need a new tenant? We can help rent your home faster by posting on all major rental websites, where your home can be seen by the maximum number of people. Beside advertising your home, we also cover all costs to screen your applicants, ensuring that your new tenant treats your property right. See below for how we help to minimize your home’s vacancy time.
We come to your home and perform a market analysis. This ensures we market your home at a competitive rate, maximizing interest while also maximizing your profits.
More and more people are turning to the internet to find their next rental home. We make sure your home is as visible as possible by posting to all major rental websites, including sites such as the MLS and Zillow.
To help speed along the leasing process, we offer a leasing commission to outside agents. This helps entice agents to show your property to their clients and reach the largest audience possible.
The market speaks, if you know how to listen. We monitor all calls and emails inquiring about your property. This helps gauge the markets reaction to your listing and allows us to adjust the price as needed.
We help filter applications by having all potential renters fill out an in-depth application packet. We run credit scores, check past employment, collect bank statements, and more to ensure only the best applicate make it into your home.
Once the perfect applicant is approved, our agents complete a thorough move in inspection. Photos documenting the condition of the home are taken and stored for later reference.
How Much Could You Save?
Just because our services are better, doesn't mean our rates are higher. Look below to see how much you could save compared to other companies in the area. Examples are based on a rent of $2,000.
Monthly Management Fees
Company A (8%)
California Realty Group
Fees
$160
$100
Monthly Savings
X
$60
Yearly Savings
X
$720
Repair Costs (per $100)
Company A (10% of Repair)
California Realty Group
Fees
$10
$0
Monthly Savings
X
$10
Yearly Savings
X
$120
Yearly Lease Renewals
Company A
California Realty Group
Fees
$75
$0
Monthly Savings
X
Varies
Yearly Savings
X
$75
Legal Postings
Company A
California Realty Group
Fees
$25
$0
Monthly Savings
X
Varies
Yearly Savings
X
$25
Total Costs
Company A
California Realty Group
Fees
Varies
$100
Monthly Savings
X
Varies
Yearly Savings
X
$940
Riverside County Property Taxes
If you own property in Riverside County, CA, you are expected to pay property taxes, which are calculated based on the property’s value. Riverside County property taxes are some of the highest in California but vary wildly depending on the region you live in and the property you own. With everything else that goes into owning a rental property, property taxes can be easy to overlook which can lead to costly late fees and penalties.
We can help ensure that your property tax payments for your rental home are paid on time and take one more item off of your to-do list! The average property tax rate in Riverside County is 0.968%, which is around $2,420 for an assessment home value of $250,000. While higher than the average property tax rate in California (0.770% or $1,925 for a property assessed at $250,000) Riverside County property taxes are lower than the national average. We can help ensure that you receive any qualifying reductions in your property taxes and help you keep more of your rental profits. California Realty Group is a realtor in Temecula, CA, dedicated to helping Southern California residents by facilitating Temecula realty sales.
Riverside County Tax Assessor
Hiring the services of a reputable property management company can help in working with the Riverside County tax assessor. We can offer our experience and insight when looking to purchase a home, mortgage, or when filing your annual return. Most landlord-tenant services in California offer property tax assessments for a fee, no so with California Realty Group. We’re happy to help arrange for your property tax payment at no additional cost and will help make sure you received any applicable property tax credits. In Riverside County, property tax payments are made in two installments. The first payment begins on November 1 and ends on December 10, while the second starts from February 1 to April 10. Although the county has the second-highest average property tax rate in CA, only second to Kern County, median home values are lower, which results in smaller taxes than the average state tax.
Riverside County Business License
Many of our clients are interested in operating their rental homes under a business, which can offer great tax benefits and liability protections. While you should always consult a legal professional to help create a legal entity, it can be helpful to know the basics on that paperwork that will be needed.
If you are looking to do business in Riverside County, you must obtain a Riverside County business license from the Clerk’s office. This might involve applying for a fictitious business name, getting a sales tax (reseller’s) license, and obtaining a city business license. Before applying for a Riverside County business license, it is essential to determine whether you are building a new structure or renovating an existing property. If you are starting a business in an existing building, you are expected to find out if the proposed use is allowed for the property. Other essential questions to ask include
- Do you need environmental health permits?
- Does your business provide temporary lodging to customers?
- Are your utilities turned on?
The cost of business licenses in Southern California varies based on the type of business you want to establish.
Riverside County Marriage License
Besides business licenses and property taxes, Riverside County also handles other matters such as issuing marriage licenses. You can visit any of the limited office locations to apply for the Riverside County marriage license. Everyone getting married in Riverside County, CA, must obtain the Riverside County marriage license from the Clerk’s Office. You must be at least 18 years of age and reside within the county to apply for a marriage license. Both parties must also be present during the in-office appointments when you go to pick up the license.
Are you looking to determine your Riverside County property taxes or apply for business and marriage licenses? While it is recommended for you to consult with a professional to review the process and understand the total fees required for the process, here at California Realty Group we are dedicated to providing reliable information not only about our property management services (which includes inspections, repairs, financial reports, lease renewals, rent collection, and more) but about every facet related to real estate including lease listing design services. Contact us today to find out more about our property management services, our CA Real Estate Referral Form, and our offer of a free month of management!