Downtown
San Diego
Property Management
Good Life Property Management has become experts in Downtown San Diego property management over the last 7 years. As a result, we know how to effectively market and manage your Downtown San Diego home. We find that days on market are average when compared to other areas and vacancy is slightly above average. Downtown San Diego property management can be challenging, but doesn’t have to be with Good Life.
No Eviction Guarantee
If we have to evict a tenant we placed, for non-payment of rent, we will pay for the eviction up to $3,000 (which usually covers all court costs and attorney’s fees)! We will also find a new tenant for free.
Good Pet Guarantee
At no additional cost to the owner, we will reimburse damages caused to the home above wear and tear up to $3,000 total.
Money Back Guarantee
We stand by our word. If for any reason you are not happy with our service, neither are we. We’ll refund you up to 6-months of paid monthly management fees if you aren’t happy in the first year of service. We’re committed to 100% client satisfaction!
Our Downtown San Diego Property Management Services
- Advertisement
- 3D Tour
- Market research
- Quality photography
- Tenant screening
- Rent collection
- Direct deposits
- Lease management
- 24/7 maintenance
- Legal coverage
- Monthly statements
- Property inspections
Overview
About Downtown, Gaslamp, and Little Italy
Downtown is the perfect place for you if you want to be near up-and-coming restaurants, nightlife, and the water. It’s your standard city neighborhood, complete with condos for rent and sale and tons of luxury apartment buildings. Rent in this area tends to be much higher than the average apartment or home.
One of the best spots in Downtown is Little Italy. Here you’ll find streets lined with Italian restaurants and dessert shops. Be sure to try out Barbusa, one of the town’s most popular restaurants. For dessert, Salt & Straw is a new ice cream shop complete with vegan options.
If you’re in downtown, you have to visit Gaslamp Quarter. During the day, visit one of the many highly-rated restaurants and bars. At night, there are plenty of nightclubs and unique speakeasies to check out. One of the most talked about is Noble Experiment, a tiny secret bar where you can tell the bartender what kind of drinks you typically like and they’ll whip something up for you based on your preferences.
How much does Downtown San Diego property management cost?
Every Downtown San Diego property manager has their own fee structure. However, we offer house, condo, and/or 2-4 units property management for an 8% monthly management fee. Alternatively, we provide multi-family (5-15 units) property management for a 6% monthly management fee. In addition to monthly management fees, we charge a leasing fee (which is 25% of one month’s rent), a $150 annual inspection fee, and a $195 lease renewal fee.
For Non-California residents, the Franchise Tax Board (FTB) requires property managers to withhold a percentage of income from property owners who live out of state as a pre-tax. payment. Our charge is $50/quarter, which covers submitting these payments on your behalf and your annual tax forms. We ensure compliance and timely filings so you can avoid penalties and focus on what matters most. To learn more about our Downtown San Diego property management services and pricing, please visit our Services and Pricing page.
Marketing
How we market your Downtown San Diego property
When our property management company markets your Downtown San Diego property, we use the most popular online platforms. In other words, we create listings on websites such as Zillow, Trulia, Hot pads, and more to allow potential renters to easily find your property. We showcase extensive information about your property, including images, amenities, price, and more.
How we help you find the perfect rent price
Our property management company assists you in determining the best rental price for your property by conducting a thorough market analysis. This includes investigating comparable properties in the area, examining current rental market conditions, and taking into account factors such as your property’s location, size, and condition. Based on this analysis, we will recommend a competitive rental price that will assist you in attracting the right tenants for your property.
Furthermore, our property management company will monitor the rental market and adjust the price as needed to ensure that your property remains competitive and generates the desired rental income.
Tenant Screening
The Good Tenant Screening
At our property management company, we understand the importance of finding the right tenant. That’s why we’ve orchestrated the Good Tenant Screening. This thorough and comprehensive process ensures that we find tenants who are reliable, responsible, and will take care of your property as if it were their own. Our screening process includes credit checks, background checks, previous landlord references, and more. Trust us to take the stress out of finding a tenant and give you peace of mind knowing that your property is in good hands.
- Credit report check
- Criminal background check
- Income verification
- Pet screening
- Rental history
- Eviction history
Rent Collection
We direct deposit rent to your bank account
We use online rent payment portals, automated reminders, and late payment penalties to make sure that rent is paid on time. We also have a dedicated team who will follow up with tenants who are late on their rent to ensure that payments are received as soon as possible. With us as your property management company, you can rest easy knowing that rent collection is in good hands and that you’ll always be paid on time.
Maintenance
We’ve got your property maintenance covered
There are so many benefits to a well-maintained property; they rent faster, keep tenants happy, and have low turnover. That’s why we’re invested in quality maintenance and inspections of your property. Over the years, we’ve built great relationships with the best vendors in San Diego, so we can make sure your property receives affordable and quality care.
Tenant Placement Services
For self-managing landlords
Are you a self-managing landlord looking for help finding the right tenant in Downtown San Diego, CA? Our flat-rate tenant placement/lease-only service is designed for you!
We take care of everything—from pricing your rental and marketing your property to showing the unit, conducting background checks, preparing legal forms, and coordinating introductions between you and your tenant.
Let us handle the hard work while you stay in control. Ready to fill your rental? Let’s talk. Schedule your free consultation today.
Give us a call for a free consultation!
Chloe Slater
DRE #02161657
Adam Manly
DRE #01953442
Business Development Managers
- 858-207-4595
- clients@goodlifemgmt.com
Request a free consultation
Agent Referrals
Earn money through our Agent referral program by referring clients who need Downtown San Diego property management services.
We make owning rental property easy
We can do the same for you.
Home Prices
in Downtown San Diego
Pros of Investing in Downtown
Downtown lifestyle is a big attraction for renters and leads to reliable demand. HOA fees generally cover all utilities and capital expenditures. These HOAs usually have nice amenities like rooftop jacuzzis and fitness centers. However, you cannot expect to have positive cash flow due to the price-to-rent ratio and $500+/month HOA fees.
Cons of Investing in Downtown
Year-round high inventory leads to a competitive market so you must price appropriately. Ancillary fees from HOAs, such as elevator reservations for moving furniture, can dissuade renters so it is important to review Rules & Regulations before you purchase. There is a transient tenant base in Downtown, so you’ll need to plan for annual turnover and vacancy costs.
Future of Downtown San Diego
Downtown San Diego typically always has new development projects. Whether it’s a new park or a new housing complex, you can expect to see some construction in the area.
You can expect higher rental rates in Downtown. Its proximity to the convention center, the airport, major businesses, and nightlife all make it a desirable location to live for many renters.
If you’re looking to purchase an upscale condo, Downtown San Diego is the spot for you. You won’t find many, if any, single family homes in the area. These are the stats as of December 2022. For monthly stats, visit the San Diego Association of Realtors website.
Average Home Price
$1,400,000
The median price of a single-family home in Downtown San Diego – 92101 (year-to-date average)
$724,000
The median price of a condo in Downtown San Diego – 92101 (year-to-date average)
Average Rent Price
$2,800/month
The average rent for condos in Downtown San Diego.
$2,200/month
The average rent for one bedroom apartments in Downtown San Diego.
Military Partnership
First Month Management Free for Veterans and Active Duty Service Members
We understand that when an active duty military member has to relocate, they often need to find a good Downtown San Diego property manager quickly. Our team is ready to respond to their needs.
Experts in Education
Your success is our business. That’s why we created the Learning Center, to educate our clients on essential California rental knowledge. Through blogs, videos, e-books and more, we share the most up-to-date information to help you succeed.
E-Books
Check out our downloadable guides for instant information on land lording in San Diego!
Videos
We have a ton of videos on tenant tips and home maintenance that can answer quick questions.
Blogs
Learn about all things San Diego property management in our expert-run blog.
