Top Property Management Companies in Santa Ana, CA 92701
Recent Reviews View all
Calpro Property Management
By itstheTruth June 17, 2014
WATCH OUT! SCAM COMPANY! Thomas Windham is a professional scammer and thief tricking homeowners and renters getting their deposits and money and then disappears. He doesn't even pay his employees -- all his checks bounce. Tom changes his business/company name every year to keep on stealing money from others. Report him to the Dept. of Real Estate http://enforcement.bre.ca.gov/eocs/ and www.bbb.org and IRS. ...read more
Calpro Property Management
By JohnHolmesJr June 16, 2013
I went to college with Tom. He said he'd buy my house from me after I had trouble paying my mortgage (had skin cancer - insurance only covers so much). When it came time to sign papers to transfer ownership, he disappeared. Ended up foreclosing and now live in an apt with bad credit. Thanks Tom! Really appreciate it. Especially after losing mom and dad and ever other relative to cancer, and having no other way to get help me get past these hard times. ...read more
Calpro Property Management
By california7001 September 06, 2012
This company is no longer licensed by the DRE of California as of April 9, 2012. Check it at www.dre.ca.gov . These good reviews seem to be fake, trying to cover "something" or to protect "someone" Calpro's web page is no longer active and several claims have been raised against this company for practices that are very unethical. Be aware that behind this company is Thomas Windham as Owner and CEO who has already absconded with home owners moneys from Associated Property Management, his previous scam, and now he is doing the same with Calpro. Check all the claims against him and both companies in the Orange County Superior Court of California http://www.occourts.org/online-services/case-access/ . Windham is a professional thief and likes to cover behind Real Estate brokers that may be aware of or trapped into the scam. Watch out! It is completely unethical they repeat the same acts using the name of another company. ...read more
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Why Hire a Property Management Company?
I have met many rental property owners that have taken the position that hiring aprofessionalproperty managementcompanyto manage their rental is a waste of money, especially when they could simply manage it by themselves. I believe this is a “penny wise, pound foolish” approach. Of course, the person who decides to do it themselves will save the monthly management fee they would have paid to their property manager, but they risk losing much more in the long run. A goodproperty managementcompany is worth their weight in gold. The problem is, not everyproperty managementcompany is good. To make matters worse, rental property owners do not generally find out they have engaged a badproperty managementcompany until after the damage is done. So, how do you know you have a goodproperty managementcompany? A reasonable indicator is when yourproperty managementcompany provides you a benefit that far exceeds the expense of their monthly management fee. In other words, you should expect yourproperty managementcompany to provide value for the fee they collect. For example, a goodproperty managementcompany can shorten the time it takes to prepare your property to be rented. One reason for this is because they are able to coordinate the repairs and maintenance needed to get your property ready to rent much quicker than you could on your own. This is true because many vendors give property managers preferred treatment since theproperty managementcompanies control so much of their business. So, by reducing the amount of time your property is vacant, your property manager is essentially increasing your rental income. In addition to reducing the time it takes to prepare your property to rent, a goodproperty managementcompany can also reduce the associated costs of the preparation. This is because they are generally able to negotiate much better rates on the repair and maintenance work to be performed on your property. Consider this another benefit of controlling so much of their vendors business. A goodproperty managementcompany should also be able to quickly identify and define the optimal rental rate for your property. They have access to a data base that is only available to licensed realtors called the Multiple Listing Service (MLS). TheMLScontains valuable information about exactly how much similar properties in your area have recently rented for. Being able to quickly and accurately determine the optimal rental rate for your property benefits you in two ways. First it prevents your property from being on the market for an extended period of time because it is priced too high. Second it helps you avoid renting it for an amount that is less than the market will allow. When you do find a qualified tenant, a goodproperty managementcompany will help you thoroughly screen your prospective tenants. Property managementcompanies regularly screen tenants and as a result are able to identify potential red flags that might not be apparent to you. Preventing a bad tenant from moving into your property is invaluable. Perhaps the most valuable thing that a goodproperty managementcompany can provide you is knowledge. Experienced property managers are well versed in landlord tenant laws and will ensure they are followed. This means they can significantly limit your exposure to litigation stemming from your tenant. It is clear that a goodproperty managementcompany can be a valuable asset. The difficult part is finding one. ...read more
By Enterprise Property Management August 08, 2011
Myths on Mortgages, Home Equity, and Equity Repositioning
Myth: Home Equityis guaranteed against loss.Truth:Downward trends in Real Estate will decrease the equity in your home. You may also lose a significant percentage of your equity in the event of a foreclosure. Myth:Home equity has a rate of return.Truth:Equity grows as a function of value appreciation andmortgage reduction. If you have equity in your home, it is earning a zero rate of return. Myth:Mortgage interest is an expense that should be eliminated as soon as possible.Truth:Considering mortgage interest is tax deductible you reduce your tax liability by having a mortgage. The mortgage interest deduction is one of the largest write-off that home owners have. Myth:All debt is undesirable.Truth:There is healthy debt and unhealthy debt. It is healthy to use debt toleverage purchasing power. However debt used to subsidize income is unhealthy. Myth:Financial security is achieved when your mortgage is fully paid.Truth:Financial security is obtained when you generate enough cash flow to cover living expenses and have enough liquid assets to cover any liabilities. Myth:Home equity is liquid.Truth:Liquidity relates to the time necessary to convert an asset into cash. To qualify as a liquid investment, time frames measure between 3 – 5 days. Most homes take 3 – 6 months to convert to cash. ...read more
By Equity Repositioning November 12, 2007