Call Us Today! 951-260-0711
LCL Realty / Property Management has developed extensive experience assisting landlords in Inland Empire communities. Our team of professionals has a common mission: to make your experience as a property owner as easy. As your rental property management company, we want to put in the work so you can reap the rewards!
Our services are designed to protect your investment, minimize your costs, and maximize your profits.
Our Client Base
Are you an investor expanding your empire? We work diligently to manage your various properties while you concentrate on the market.
Don’t know where to start after deciding to rent out your home? Sit back and relax while we take care of marketing your property and finding qualified tenants.
Why do I need a property management company?
If you live far from your property, or if managing tenants and maintaining the property is taking up too much of your time, then it might be time to explore the benefits of working with a qualified property management company like LCL!
Can you help me find tenants?
Yes! use a variety of methods to market your rental property, including online listings. We also have an extensive network of real estate professionals on the LCL team to tap into to find qualified tenants!
Do you screen tenants?
What about everyday property maintenance and repairs?
Tenant selection criteria
LCL Realty/Property Management tenant selection criteria outline lists our criteria used in viewing prospective tenants’ applications. The criteria listed below is subject to change under state and local laws. LCL Realty/Property Mgmt reserves the right to change, include additional qualifying criteria and are not limited to the guidelines set forth.
All application fees paid to Manager are non-refundable.
Photo I.D.: All applicants must verify identity to complete this application. Manager reserves the right to automatically decline all incomplete submissions or the inability to verify an applicant’s identity.
Applicant must physically reside in the Rental for which they are applying. Applicant must live in the Rental and disclose all persons that will be occupying the Rental. All persons residing in the Rental are subject to background checks prior to occupancy. All persons 18 years of age or older must submit ID and pay for credit/background check.
If a prospect is declined based on Manager’s Tenant Selection Criteria, Manager reserves the right to take adverse action. This may include denial of the application, the requirement to pay a higher security deposit, or the requirement to obtain a qualified lease guarantor.
Occupancy limits have been established by the size of the unit. California has adopted the section 503(b) Code criteria for determining the minimum size of a swelling. California’s Department of Fair Employment andHousing (DFEH) uses a formula-based occupancy restriction, known as the “two plus one” formula, which permits two people to occupy each bedroom, with one additional.
Other Qualifying Factors: Manager will take into consideration the lease term length (minimum one year), the amount of expenses needed to make the Rental acceptable to you (not including any Fair Housing related accommodation requests) and the amount of time the Rental will remain vacant until you occupy.
Automatic Decline: Applicants will be automatically declined for the following reasons: Any applicant who has been evicted in the last 6 years by a prior Landlord for cause, Falsification of application, Invalid Social Security number, an application that has not been fully completed or is unverifiable. Additionally, Manager reserves the right to automatically decline all incomplete and unverifiable applications.
Rental Acceptance: Prospective tenant(s) are accepting the Rental in an “as is” condition. Requests for changes to the Rental must be submitted in writing with the application. Applicant must submit an earnest money hold equal to 30% of the months’ rent within 24 hours of acceptance of application – failure to do so may in the Manager’s sole discretion result in cancellation and revocation of the lease offer.
Lease Guarantor: Guarantors will be considered for applicants who are solely denied based on income or lack of established credit history. Guarantors are not considered for applicants that fail to meet rental history, credit, or criminal background qualifications. Only one Guarantor per house is permissible. Guarantors may be relatives or an employer; friends may not serve as a Guarantor. The Guarantor must submit an application, pay the application fee and provide all necessary supporting documents. Guarantors must have a net monthly income of 3.0 times the monthly market rent, minimum Resident Score (FICO) must be 650 + and meet all of Manager’s other Tenant Screening Criteria.
|Resident Score (FICO)||Recommendation||Explanation|
|0-549||Decline||Fails to meet the Resident Fico Score|
|550-650||Conditional||Below ideal Resident Fico Score but may be considered with 2 months security deposit or maximum deposit allowable by State Law. Lower scores in this range may have higher deposits or require other adverse action to be taken.|
|650 +||Accept||Meets or exceeds Resident Fico Score requirement.|
|The credit decision settings are configured by Manager based on the FICO Applicant Resident Score Settings and other credit data. This score describes the degree to which the applicant meets the criteria.|
|Open, Discharged or Dismissed 0-3 years||Decline|
|None, Discharged or Dismissed 3+ years||Accept|
|No Landlord tenant court records, unpaid Landlord collections of any amount in the past 6 years||Decline|
|Pending foreclosure or foreclosure with debt(s) owed in the past 6 years||Decline|
|Household Net Income / Rent Ratio (Assets may not contribute to qualifying income.)||Recommendation||Explanation|
|0 – 1.99x||Decline||Fails to meet the income to rent ratio.|
|2 – 2.49x||Conditional||Below ideal income to rent ratio but may be considered with 2 months security deposit or maximum deposit allowable by State Law. Lower ratios in this range may have higher deposits or require other adverse action to be taken.|
|2.5x +||Accept||Meets or exceeds Resident income to rent ratio.|
None in Last Seven (6) Years:
Items Considered/Reviewed Individually
Reviewed individually, taking into account mitigating factors, such as facts & circumstances surrounding the criminal conduct, age at time of conduct, evidence of good tenancy before & after conduct, nature & severity of conviction, and the amount of time that has passed since the conviction. Criminal history which indicates that an applicant’s tenancy would constitute a direct threat to the health or safety of other individuals or whose tenancy could result in substantial physical damage to the property of the owner or others may result in denial of application.
Fair Housing Laws prohibit discrimination based on various criteria including but not necessarily limited to race, religion, color national origin, gender, sexual orientation, age, ancestry, marital status, veterans’ status, familial status, lawful source of income, and disability.
Self managment risks
Top Risks of Self-Managing Rental Properties
Typically, investors think this is the formula for evaluating a rental property investment: Rental Income – (Mortgage Payment + Expenses) = Profit. Well…that’s part of the formula, not all of it. Before you commit to that strategy, you need to be aware of the risks and costs of self-managing properties. Those considering going down this route first want to check out property management company like LCL Realty/Property Management give them a call to see they could help you to protect your investments and maximize income. You may find that their services are worthwhile after all.
You should be able to deal with all kinds of tenants, whether you like them or not. Can you be compassionate and understanding of their issues but also be firm and professional in enforcing rules? If you’re someone who dislikes confrontation or loses your temper quickly, then self-managing your rental property could lose you money or be a source of trouble.
Question to Consider: while you may save approximately $120 a month, is it worth your time and energy (emotion) to manage your property?
Is your property in a rent control area? That fact brings in a whole set of rules that you must follow. What happens if your tenant is either late with the rent or decides not to pay at all? How much can you charge for a late fee? What processes must you go through to evict them? If you misinterpret codes and laws, you run the risk of fines or worse. As you may have often heard, ignorance of the law is not an excuse!
Question to Consider: Are you prepared to stay up to date on vital tenant and landlord compliance laws? These topics can not only have an impact on your revenue, but also may carry legal implications.
Questions to Consider: Do you know what types of insurance are available and how to pick the right ones without over-insuring? Can you choose a broker that specializes in property management rather than standard homeowners’ insurance? Being inadequately insured may force you to take your rental off the market when something unexpected happens. It could be beneficial to investigate an insurance company that specializes in helping ensure landlords with various policies that are necessary for your properties.
Wrong Team Choices
Question to Consider: How will you find qualified vendors if you have no experience with such workers?
Why You Should Work With Us
A property management company like LCL Realty/Property Management relieves you of all these issues with our many years of expertise and experience. Remember, a good property manager will help with addressing vacancies, maintenance requests, lease enforcement, vendor approval and process, tenant relations, rent collection, compliance with local rules and laws, and much more. After all, your rental property investment is only as good as your tenant and management process. If you want to know how LCL Realty/Property Management can help you give us a call, at 951-260-071. We are always in motion for our Clients and Customers.
The LCL Realty/Property Management Renter experience
Benefits of Working With Us
Communicate with any of our Property Management Staff
Place a maintenance request 24-hours a day, 365 days a year
Multiple ways to make your rent payments
There are three ways to make your rent payments that are adaptable to your lifestyle:
In addition to placing maintenance requests, you can pay on your tenant portal with an e-check or credit card (fees apply). You have the option to enroll in automatic payments as well to avoid late fees and to keep your rental payment experience as stress free as possible.
Bank Bill Pay Method
At your local Bank (check with your bank for participation) your account and property address are on file. Simply set your bill pay method with your bank, and they will be able to send your monthly rent payment directly to us.
Mail or stop by our office
We have a drop box outside each LCL Realty/Property Mgmt office that can be accessed after work hours, which is a benefit for our residents with busy schedules. You are also able to mail your rent payment or drop it by our offices during office hours.
Benefits of home-ownership without the costs
Renting from a full-service company
Want to work with the LCL Realty / Property Management team?
LCL Realty / Property Management
28057 Bradley Rd,
Menifee, CA 92586
Monday – Friday
8:30 AM to 4:30 PM
Saturday & Sunday
After hours drop box located on premises
Dealing with an after hours emergency? Don’t worry, someone is on call!
Emergency After Hours Line (951) 260-0711