Question 1

What type of properties do you manage?

Accepted Answer

BFPM manages residential and commercial properties.

Question 2

What type of reports do I get and how often?

Accepted Answer

BFPM provides a monthly financial report on the 15th of each month.

Question 3

Who holds the tenant's security deposit?

Accepted Answer

The tenant's security deposits are sent to the owners and booked as a liability on the property balance sheet.

Question 4

How much will my investment property lease for?

Accepted Answer

Investment property rent amount will depend on a variety of factors, such as location, type of unit, amenities, and more.

Question 5

What insurance coverage should I have on my property?

Accepted Answer

BFPM requires owners to have general liability insurance on all of their investment properties.

Los Angeles County Property Management