A.D. CANTELMO REALTY/TONY CANTELMO
BROKER
TONY CANTELMO






A.D. Cantelmo Property Management
Our Business is Property Management Orange County California

  With higher rents, Landlords may want
  to be creative


As rents keep going higher, it may take longer to find qualified Tenants and to fill vacant properties. Now the first answer to a vacant property is to lower the rent, but in this period of higher rents, a Landlord hates to miss out on the extra cash a property can bring in. Having a property vacant is costly, so it’s time Landlords open their minds to unconventional Tenants.

Don't be Alarmed

I don’t want to scare anyone, when I say unconventional, I’m not talking anything out of this world, but I am talking about being able to think beyond the norms.

Many Landlords and Property Managers shy away from the typical multiple resident situations. The first thing that may pop into their head is a Dorm type scenario, but wipe that picture out of your mind. When I’m talking multiple residents, I’m not talking about turning your home into “Animal House” I’m talking about working families that want to live in a certain area, but may need some help with the rent.

Multiple incomes equal better odds

For example, let’s say that there are people that recently got out of college and are working, but their salaries are in the lower end of the scale. These young people are hard working, but with student loan debt and little credit, they may find themselves in a situation that they can only qualify for a small apartment in an area that they do not desire.

Let’s expand that picture, these young people get together with a couple of friends and decide to become roommates. They as individuals are not in a good position to rent, but as a group, they look much better. Some Landlords may shy away from this group of people, but they should stop and think, before they jump to a negative conclusion.
First, this boom for Landlords is not going to last forever and a Landlord should take advantage of it while they can. Your rental property is supposed to bring you income, but if it’s vacant, you are losing income and if you have to rent it at a lower price, you may be losing earning potential. Why not look at the above scenario as an opportunity, and not turn away this group with a knee jerk reaction.

Property Management Anaheim Ca.

I like to look at it one way. If I have 1 person with one income, if they lose their job, they may not be able to pay the rent. If I have 2 people with two incomes, if one loses their job, they may still be able to squeak by for a while. But if there are 3 people with 3 incomes, the odds get better. In this 3 person group, all a Landlord or Property Manager has to do is screen each one independently, but then qualify their earning as a group. If they check out OK as individuals and more then qualify financially as a group, you may have a perfect situation.

Nothing is perfect

Ok, there may be no perfect situation and just because the group may be able to financially afford the rent, in a roommate situation, things can go wrong. But opening up your mind and taking some precautions, may allow the home that is struggling to bring in the income that it should, into a property that is earning to its highest potential.




A.D. Cantelmo Property Management
Specializes in Property Management Orange County Ca.


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What my clients are saying  

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

"10 out of 10 I am so Happy Since I left my old company and I joined AD Cantelmo Property Co I am stress free I live in a different state and this company watches my house and always Mr Tony Cantelmo is on top of things I really want to thank you for what you do for me and I would really Recomend this Company to any and every one Thank You again. Shawn" ------------------- "I need to trust the people I work with and I trust Tony. He stays on tops of things, communicates well, and gets things done. He not only gets things done but he gets things done the right way. Jim"

 

~ Shawn

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