Newport Beach Property Management

At Bear Property Management, we’ve honed our expertise in Newport Beach property management over the past 7 years. As a result, we’re equipped with the knowledge to effectively market and manage your Newport Beach rental property. From strategic marketing to meticulous tenant screening, rent collection, handling maintenance tasks, and more, we’ve got it covered! Navigating property management in Newport Beach can be challenging, but with Bear Property Management, it becomes a seamless and stress-free experience. Trust us to handle the details while you enjoy the peace of mind that comes with expert property management.

Rented in 30 Days

We will find a qualified renter within 30 days of your property being rent-ready or the first month's management fee is waived

Owner Happiness Pledge

We're so confident you'll love our service, all of our management contracts are fully cancelable at any time.

Eviction Protection

If we place a tenant and they need to be evicted we will cover the cost up to $1500.

Pet Protection

If you allow pets in your property and they cause damage, we will cover the cost of any pet damage that exceeds the security deposit, up to $1,000.

Our Newport Beach Property Management Services

Overview

About Newport Beach

Discover the charm of Newport Beach, celebrated for its stunning homes along the West Coast’s largest recreational harbor. Blessed with a Mediterranean climate, Newport Beach welcomes outdoor enthusiasts year-round, offering a haven for activities such as surfing, boating, and hiking along the picturesque trails of Crystal Cove State Park. Whether you’re yearning for a peaceful day on the sandy shores or eager to immerse yourself in local culture and entertainment, Newport Beach promises a delightful coastal retreat for both residents and visitors alike.

Why owning rental property in Newport Beach is a good investment

Embrace the allure of Newport Beach, where an upscale community and elevated living standards create a highly coveted residential haven. The irresistible combination of pristine beaches, breathtaking landscapes, and year-round entertainment makes it a magnet for those willing to invest in an exceptional lifestyle. The high demand for housing translates into property owners enjoying not only consistent rental income but also the prospect of securing higher rental rates compared to other parts of Orange County.

Investing in rental property in Newport Beach not only ensures a steady stream of income but also opens doors to potential tax advantages. This includes valuable perks such as property tax deductions, depreciation benefits, and the exciting possibility of capital appreciation over time. It’s not just a place to live; it’s an investment in a lifestyle that comes with both financial rewards and the unique charm of Newport Beach.

How much does Newport Beach property management cost?

Every Newport Beach property manager has their own fee structure. At Bear Property Management, simplicity and transparency define our fee structure. Whether you own a house, condo, or 2-4 unit property, our monthly management fee stands at 6.5%. Beyond that, we have straightforward additional fees: a $450 leasing fee, a $150 annual inspection fee, and a $99 lease renewal fee. For a comprehensive overview of our property management services and pricing, explore the link below.

What to look for in a Newport Beach property manager

When interviewing Newport Beach property management companies, you want to make sure they offer the following services:

Property Marketing
Property Showings
Leasing Signing and Management
Screening and Selecting Qualified Tenants
Rent Collection and Direct Deposit Services
General Maintenance and Annual Inspections
24-Hour Emergency Maintenance Services
Periodic Walkthroughs
Lease Modifications (i.e. adding a pet to the lease)
Reports, Photos, and Financial Statements
Legal Notices to Move Tenants Out

Marketing

How we market your Newport Beach property

At Bear Property Management, we take your rental marketing to the next level. We leverage the power of the most popular online platforms, including Zillow, Trulia, HotPads, and over 50 other major rental sites. Our approach involves creating compelling listings enriched with high-quality photos and immersive 3D virtual tours to showcase your property. We go the extra mile by providing detailed information about amenities, pricing, and essential living details to attract the best candidates.

But it doesn’t stop there – we understand the importance of accessibility. That’s why we offer 7-day showing access and dedicated support for prospective tenants. Trust us to not only market your rental effectively but also to create an experience that resonates with potential renters and brings the best candidates to your property.

How we help you find the perfect rent price

We are specialists in Newport Beach and assist you in determining the best rental price for your property by conducting a thorough market analysis. We factor in the latest rental market conditions, alongside considerations like your property’s location, size, and condition. This thorough analysis empowers us to recommend a competitive rental price, ensuring you attract the ideal tenants for your property. But our commitment doesn’t end there. As part of our Newport Beach property management services, we continuously monitor the rental market, ready to make adjustments as needed. This proactive approach guarantees that your property remains competitive, consistently delivering a robust rental income.

Tenant Screening

At our Newport Beach property management company, we recognize the paramount importance of securing the perfect tenant. This comprehensive process is dedicated to finding tenants who embody reliability, responsibility, and a genuine commitment to caring for your property as if it were their own. Our screening goes the extra mile, incorporating credit checks, background checks, and thorough assessments of previous landlord references, among other criteria.

With our comprehensive screening process, we alleviate the stress of tenant selection, providing you with the assurance that your property is in capable and caring hands. Trust us to not just find tenants but to find the right tenants who share our commitment to maintaining the integrity and well-being of your property.

Rent Collection

We direct deposit rent to your bank account

We leverage user-friendly mobile and online rent payment portals, coupled with automated reminders and late payment penalties, to streamline the rent payment process. Our dedicated team is committed to proactive follow-ups with tenants who may be running behind, ensuring swift resolution and prompt payments. With us at the helm of your Newport Beach property management, you can relax knowing that rent collection is in capable hands and that you’ll always be paid on time.

Maintenance

We've got your property maintenance covered

There are so many advantages that come with a well-maintained property: quicker rentals, satisfied tenants, and minimal turnover. At our core, we prioritize the excellence of maintenance and inspections for your property. Across the years, we’ve cultivated strong relationships with premier vendors in Orange County, ensuring your property benefits from both affordable and top-notch care. As part of our commitment, we extend 24-hour emergency maintenance services, guaranteeing your tenants are always attended to promptly. Newport Beach property management has never been more seamless – discover the ease and peace of mind that comes with our dedicated approach to property care.

Adam Tomalas

Owner, Bear PMC

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Agent Referrals

Earn money through our Agent referral program by referring clients who need Newport Beach property management services.

Enhance your life with us

We’re not your typical property management company; we’re here to bring a positive change to everyone we collaborate with. Our mission is to open up fresh possibilities for our clients. Whether it’s granting you more free time or guiding you toward becoming a thriving investor, we’re all about making the journey as enjoyable as possible. Your success and satisfaction are our top priorities!

Home Prices

in Newport Beach

Pros of Investing in Newport Beach

The property values in Newport Beach have been consistently increasing over the years, and investors can expect a high return on investment. The city’s strong economy and job market have led to a high demand for housing, which has driven up property values in the area. The area has a high demand for rental properties due to its proximity to major business centers, prestigious universities, and popular tourist destinations. This creates an opportunity for investors to generate a steady stream of passive income through rental properties.

Investing in Newport Beach also provides an opportunity for the diversification of assets. Real estate is a tangible asset that can provide a stable investment option to balance out a portfolio of stocks and bonds. With its high property values and steady rental income, investing in Newport Beach can be an excellent way to diversify an investment portfolio.

Cons of Investing in Newport Beach

While owning rental property in Newport Beach, California, has some drawbacks, such as the high initial investment and substantial ongoing costs, it also offers the potential for lucrative returns. The competitive market may pose challenges, but with strategic planning and a proactive approach to tenant management, landlords can navigate these factors successfully. Additionally, being aware of California’s tenant-friendly laws allows for better preparation and a smoother property ownership experience. Overall, while there are cons, the rewards can outweigh the challenges with the right approach and mindset.

Newport Beach Home Prices

$4,215,000

The median price of a single-family home in Newport Beach

$1,541,000

The median price of a condo in Newport Beach

These are the year-to-date stats as of November 2023. For monthly stats, visit redfin.com

Newport Beach Rental Rates

$4,000/mo

Average rent for an apartment in Newport Beach

$10,000/mo

Average rent for a single-family home in Newport Beach

$5,900/mo

Average rent for a condo or townhouse in Newport Beach

These are the average rental prices as of January 2024. For more stats, visit zillow.com

Join our Orange County Community of Homeowners

Check Out Our Client Guide

We’re dedicated to making rental property ownership in Orange County hassle-free. To learn more information about what’s included in our management package, please check out our client guide.

(949) 400-7798