top of page
Have questions?
we've got answers!
Anchor PMC - Stress-free
Property Managment in Long Beach
- 01Go driectly to the Department of Real Estate Look-up tool.You can look up by the agent's name or DRE number. A salesperson needs to be affliated with a broker or their status shows NBA (no broker affliation)Look to see if the license is active, inactive, expired or revokedProperty management companies need to have a designated brokerLook for any disiplenary actions
- 02We serve the Greater Long Beach and Los Angeles Areas including the surrounding coastal cities.
- 03We manage multi-family apartments and single-family homes.
- 04Onboarding a new building with Anchor Property Management is a seamless, step-by-step process designed to ensure a smooth transition for both property owners and tenants.Initial Property Audit & Consultation: We conduct an in-person walkthrough to evaluate the building's physical condition, review current lease agreements, and assess current operations.Document & Data Transfer: We gather all essential documentation, including lease agreements, tenant contact info, vendor contracts, active warranties, keys, and historical maintenance records.Owner & Tenant Setup: We configure the property in our management software, create owner portals for financial reporting/payouts, and set up tenant online portals for easy rent payments and maintenance requests.Tenant Welcome & Communication: We introduce ourselves to current residents with a welcome packet detailing rent payment instructions, emergency contacts, and portal setup guides.Operations Launch: We review service contracts (trash, landscaping, utilities) to optimize costs, establish a maintenance reserve, and begin active management.
- 05Setting rental prices in Long Beach, CA requires balancing hyper-local market analysis with legal compliance under California real estate laws.Rental prices in Long Beach vary heavily depending on the specific neighborhood (e.g., Belmont Shore and Downtown command higher rates than North Long Beach or Upper Westside).Geographic Radius: Keep searches within a 0.5-mile radius or the immediate neighborhood.Property Characteristics: Compare properties with similar square footage, bed/bath counts, and property types (single-family, duplex, multi-family unit).Key Valued Amenities: In Long Beach, dedicated/assigned parking (garage or driveway), in-unit laundry, air conditioning, and outdoor space significantly boost market rent above standard base comps.Before setting or raising rent, we verify if the property is subject to California’s Tenant Protection Act (AB 1482):Existing Tenants (Rent Increases):Under AB 1482, annual rent increases for covered multi-family properties built over 15 years ago are capped at 5% + regional CPI (max 10% total).For the Los Angeles–Long Beach–Anaheim area, the annual cap typically ranges around 8% to 8.7%.Exempt Properties: Single-family homes and condos owned by individuals (not corporations or LLCs with corporate members) are generally exempt from AB 1482, provided the proper statutory exemption notice was provided to the tenant in writing.Vacant Units (Vacancy Decontrol): If a tenant moves out voluntarily or is lawfully evicted, California allows you to reset the rental rate to full fair market value for the new lease, regardless of what the prior tenant paid.
- 06The following core financial statements are included in the owner's monthly report.Owner Statement / Cash Flow Statement:Shows total income collected minus total operating expenses paid out during the month.Highlights net cash flow, reserve contributions withheld, and the net distribution paid (or pending distribution) to the owner.Income Statement (Profit & Loss / P&L):Breaks down total revenues (rental income, late fees, parking, utility reimbursements) and itemized operating expenses (maintenance, management fees, utilities, insurance).Displays Month-to-Date (MTD) and Year-to-Date (YTD) totals for comparison.General Ledger (GL) Detail Report:Displays line-by-line transaction logs for every income posting, vendor bill, check, and electronic payment processed during the month.Rent Roll:Lists every unit, tenant name, lease start/end dates, monthly base rent, security deposit held, and current balance owed.Invoices / Attachments:Paid vendor bills and maintenance invoices attached directly to the packet for full transparency.
- 07We use a fully integrated, fast, and automated platform on Yardi Breeeze, our online property management software. We can process applications digitally and receive comprehensive background reports within minutes.
- 08Typical requirements include the following:income level (2 to 3 times the monthly rent)proof of income (two weeks of pay stubs)bank statementcredit score between 600- 670 or highervalid government issued IDrental historybackground check
- 09We categorize and prioritize each request either true emergency, urgent or routine non-emergency to ensure habitability issues are prioritized. Then respond accordingly with 1 to 4 hours, 24 hours, or scheduled when convenient for vendor and tenant.We operate using a pre-authorized Maintenance Approval Limit written into the management contract usually between $300 - $500. How It Works: Any work order estimated below the limit is dispatched immediately without waiting for owner approval to avoid trip fee delays and keep tenants happy.Above the Limit: Any non-emergency work estimated above the limit requires Anchor PMC to submit a formal bid/quote to the owner for sign-off before proceeding.Emergency Exception: The property management agreement grant Anchor PMC authority to override the cap if the repair involves severe property damage (e.g., burst pipes) or habitability/legal risks.To protect both Anchor PMC and the property owner legally, we follow these procedures.Digital Intake: Maintenance requests submitted through a written portal (Yardi Breeze) to log date, time, and photo evidence.Vendor Work Order: Detailed scope of work assigned to licensed and insured contractors.Receipt & Invoice Backup: Itemized vendor receipts uploaded directly to the owner’s monthly packet for total financial transparency.Tenant Sign-Off: Digital confirmation or follow-up survey verifying the job was completed satisfactorily.
- 10Here is our structured workflow for managing non-paying tenants:Day 1 Rent DueDays 2 - 5 Grace PeriodDay 6 Late Fee AppliedDays 7 - 10 Direct Outreach; phone, text, emailDays 11-12 Legal Notice Served: Issue a formal 3Day Pay Rent or Move-outContact Owner: Have meeting to plan next steps that might include Cash for Keys or retain the services of an eviction attorney to file an unlawful detainer.
- 11Yes. We review each lease before it ends, recommend the next rent, and handle the renewal paperwork.
- 12We set inspection timing based on the property and the lease terms. The goal is to catch issues early and protect your asset.
- 13Our fees depend on your property and service needs. We review everything in a free consult and give you clear pricing before you move forward.
bottom of page