Best Lake Elsinore Property Management – Lake Elsinore is a Good Investment
Down through its long history, the area on which the city of Lake Elsinore stands has been known by different names. The Luiseño Indians called the lake Entengvo Wumoma, which loosely translates into Hot Springs by the Little Sea. When the Spanish settlers came, they called it the Laguna Grande (Big Lake) and when it later became part of the Mexican land grant, Rancho Laguna. Don Agustin Machado acquired the rancho.
This was later acquired by the city founders that included Franklin Herald, Donald Graham, William Collier and Margaret Collier Graham. It was Margaret who thought of the name Elsinore, taken from Shakespeare’s Hamlet. In 1972, the city officially changed its name to Lake Elsinore to promote the city as a lake oriented destination area.
From a small resort town, the city has grown to what it is now – the 5th fastest growing city in California and the 3rd fastest in Riverside. However, being true to its slogan of Dream Extreme – forward looking and timeless with limitless potential, the city has preserved its small town appeal while embracing change and growth. This is what attracts people to make Lake Elsinore their home.
Price of homes continue to appreciate in the Lake Elsinore real estate market. Median home value is at $321.300, up by 5.5% over last year’s values. These values are predicted to rise a further 4.9% within the next year. Median rent price is at $1,748. This is good news for those who have bought property in Lake Elsinore as investment and is very advantageous for those looking to rent out their property.
Make the Most of Your Investment Property
With figures for rentals being favorable, now is the time to attract tenants wishing to find more affordable housing outside of the Los Angeles, Long Beach or Anaheim areas. Make your investment property pay off by renting it out and keeping it rented. And it is best to strike while the conditions are favorable.
Experienced real estate investors would, however, advise engaging the services of a good property manager to take care of the intricacies of property rental, which can get complicated and time consuming; marketing the property, showing it to prospective tenants, tenant screening, rent collection and property maintenance are best left to an experienced property manager. RRI Property Management provides the best Lake Elsinore Property Management.
RRI Property Management Offers the Best Lake Elsinore Property Management Services
Good property management may be an added expense but it will certainly pay back. When your most important investment is on the line, it’s a wise business decision to go with a company that provides the best Lake Elsinore property management services. At RRI Property Management, we treat your investment like it is our own.
Managing a rental property can be stressful if you do it on your own. Let us handle it for you and you can sit back and watch your investment work for you, not the other way around.
What can you expect from RRI Property Management when you put your trust in us? Here is what we can guarantee:
- Top value for your rental property. Because of our knowledge of the local market, data on recently sold comparables and access to rental rate tools, we could help you determine the best rent rate.
- We have the very best and most efficient tenant screening process. Letting bad tenants into your property is not only a big headache, it could prove to be a costly mistake! Our screening includes criminal background checks along with credit and eviction checks.
- Our team of property management experts is certified. Our record is backed by over 10 years experience in property management.
- We offer a program that ensures that you get your rent on time. We even go as far as guaranteeing that you get your rent on the 1st of the month. That’s how seriously we take our job.
Owning a rental property can be very profitable. The key is having your property rented and more importantly, rented to tenants that pay their rent on time and treat your property with respect. Let us take care of your property management needs.