Professional Property Management vs. DIY – Advice for San Diego Homeowners

Many landlords and rental property owners wonder whether it’s better to hire a property manager or take care of the property on their own. Today, we are explaining why you it’s better for you and your investment to hire a professional property manager.

If you’re an investor and a property owner and you already have rental properties, you know how much work it can be. A professional manager can save you time and resources by finding the right tenants, screening those tenants, making sure everything possible is being done with advertising to ensure the listing is getting out to the widest possible pool of potential tenants and keeping track of market rents in your area and for your particular property type. That is a lot of work in itself.

If there is a unit that turns over, you need carpet cleaners, painters, and other contractors to make the place ready for the market again. Property managers work with the best professionals in the business and you can benefit from the savings that come from our relationships with those vendors.

When a unit turns over, we systematically line up all the repairs and start marketing the unit immediately. We are often able to minimize a vacancy period to a matter of days, whereas most DIY owners/landlords take at least a month to fill a vacancy. Think about that: 1.5 months vacant / 12 months per year equates to lost revenue of 12.5% – that’s less than our management fees! Just by minimizing vacancy periods, our services more than pay for themselves.

The best part of having a property manager working on your behalf is that you get your time back. You don’t want to be called in the middle of the night or over the weekend for an emergency repair. If a hot water heater starts leaking or the air conditioning breaks down, your property manager will get that call and take care of the problem on your behalf. All you have to do is collect a rent check that we wire to you once a month. A good property manager will also provide a full financial statement, including invoices and receipts for every penny that’s been spent. Companies like ours are transparent and efficient. Your CPA will appreciate our reports!

Hiring a professional property manager will earn you extra income on your property. In the first year of operation, even after paying our management fee, our clients have seen their investment income go up an average of between 10 and 30 percent.

We always recommend that you use a professional company to manage your rental home. If you have any questions or you’d like to hear more about the services we provide, please contact us at MV Properties.

How Do I Determine Market Rent for My San Diego Rental Property?

It’s that time again – one of your renters is vacating their unit and you have to make the tough decision of picking a monthly rent for your property. This is a decision not to be taken lightly – if you pick a rent that is too low for the market, you could be leaving thousands of dollars on the table over the life of the lease. But if you aim too high, your unit could sit vacant longer, costing you money every day that it is empty. At MV Properties, we can walk you through the basics of hitting that sweet spot for market rent to maximize the value of your rental property.

Scope Out the Competition

In order to best understand the rental value of your property, you need to get familiar with the other properties your potential tenants may be checking out. Think like a renter; understanding the market comparables is the key to knowing how to price your unit.

Explore other available housing options in the building and nearby, checking popular rental websites such as Craigslist, Trulia, and Apartments.com. Make sure that when you are evaluating a comparable property, you make adjustments for special features that may be different than your property, such as better views or valuable amenities like off-street parking or a gym. Consider which special features may lure a renter to your property – especially your property has something that may be worth charging a little extra.

Call in the Experts

San Diego is a large area full of unique neighborhoods where the rental market can vary greatly from across a few miles. For example, the average rent in 2015 for San Diego County was $1,856 per unit, but if you narrow it down by neighborhood, rents ranged from an average of a whopping $3,334 in Del Mar Heights to a more reasonable $1,180 in Barrio Logan. An important key to pricing your rental property correctly is to tap into the knowledge and experience of a professional property manager.

At MV Properties, we know that understanding the demographics, history, and competing projects in a neighborhood can be crucial to pricing a rental property effectively. A neighborhood like the Downtown market is historically a luxury market that demands high rents, but a glut of new development in 2016 can constrain rents when new rental competition hits the market.

These factors can affect pockets of the neighborhood differently, sometimes changing from one building to the next. Having a knowledgeable, local representative will keep you aware of the fast-moving market and trends that can affect your property’s value.

Pricing Philosophy

Once you have a ballpark figure based on comparable units and an understanding of the market, you should consider your pricing philosophy. San Diego County is one of the tightest rental markets in the Country, with historical vacancy hovering around just three percent.

Because of limited options, rents have been rising steadily in the area, with rents increasing an average of 5.3% between 2014 and 2015 alone. As an owner, that gives you options to follow trends and raise your rents accordingly, or you can raise rents more slowly in order to attract and retain more stable, long term tenancy.  Sometimes, demanding higher rents can beget more demanding tenants!

Let Us Help

Now that you understand the factors that affect market rents, call MV Properties at 888-686-1525 to help you reach your property management goals. From providing up-to-date and in-depth market knowledge to ensuring a smooth and stress-free transition between tenants, we can help maximize your rental investment. Ask a question anytime by emailing keegan@mv-props.com and visit our website to learn more.

About Keegan

Keegan McNamara is the founder of MV Properties, a leading San Diego property management company offering the highest level of service in property management, maintenance, and leasing. His goal is to cultivate long-lasting relationships with his clients (property owners) and their tenants to provide an enjoyable leasing experience. Keegan holds a Masters in Business Administration from the Rady School of Management at UC San Diego and is a Principal at McNamara Ventures, a real estate development, and investment company focused on residential and mixed-use properties.

What is the Cap Rate of Your Property?

What is a Cap Rate?

Simply put, a Capitalization Rate, or Cap Rate for short, is the return on an investment when you divide the Net Operating Income (NOI) by the price you are paying for the property. For example, if you purchased a property for $2 million dollars and produced an NOI of $100,000 annually, it would be considered a 5 percent cap rate.

Net operating income (NOI) is simply the annual income generated by an income-producing property after taking into account income collected from operations and deducting all expenses incurred from operations. These expenses include property taxes, utilities, repairs, maintenance, and property management fees. They do not include debt service, since some owners may pay all cash, while others take advantage of low interest rates and maximize the loan on the property.

What Does a Cap Rate Mean?

Cap rates are often used to compare similar properties that could not be valued using the traditional “Comps” of residential real estate. For example, if I’m looking to buy a home in a specific neighborhood and I’m considering two houses, I can quickly understand the value of the home by seeing what similar sized homes in that neighborhood have recently sold for, and adjusting for things like pools, the age of the home, etc.

However, when evaluating an investment asset, it can be substantially harder to find similar properties and assign a quantitative number to their differences. And since what one is really buying is a future stream of rental cash flows, not a residence to live in, it is necessary to underwrite the expected Yield on the investment. Cap Rates are one measure of investment yield.

A cap rate, as a measure of return, is far more valuable to an investor who may be analyzing two different apartment complexes on different sides of town. By researching the properties’ NOI and dividing by their purchase prices, it is easier to choose which may prove to be the better investment.

Generally speaking, the more desirable and less risky a property, the lower the cap rate and therefore the higher the price relative to the NOI. Today, an apartment near the beach may sell for a 4% cap rate, while properties in secondary markets where the perceived risk is higher will sell for higher cap rates and therefore lower prices.

Cap Rate as a Means to Add Value

One thing we specialize in at MV Properties is identifying ways to add value for our clients and their real estate assets. Most people do not think of cap rates in this manner, but here is an example:

  • We recently added a laundry room to a property that did not have any laundry facilities. The total cost of the addition and the coin operated washer and dryer was $15,000.

  • We were then able to raise rent on all five units by $200 per month – the desirability of the property went up and so the tenants were willing to pay a lot more. Who wants to spend their weekend at a laundromat?

  • We also collect approximately $200 per month in laundry income.

  • The total addition to the property’s Net Operating Income is $1,200 per month or $14,400 per year. The addition pays for itself in just about one year!

  • But even more importantly, that $15,000 addition just added $288,000 in value to the property!

    • Assuming a 5% cap rate of $14,400 / 5% = $288,000.

    • That’s a 19.2X multiple on the invested capital!

    • This is not a subjective valuation like a sales comp – it is the quantitative method appraisers and buyers use to value rental properties.

How Does My Property Compare?

At MV Properties, we are experts at Maximizing our clients’ cash flow, and preserving and enhancing the long-term value of their real estate assets. The large multiplier effect of cap rates means that it is imperative you maximize your Net Operating Income! To get a free benchmark report to see how your property measures up, contact us today!

Do You Have Enough Insurance for Your Rental Property?

Insurance is incredibly important to anyone with assets to protect, especially rental property owners. The wonderful world of insurance is complicated, convoluted, and can be difficult to navigate for those unfamiliar with coverage and gaps. As a rental property owner, it’s important to make sure you hold the right coverage, and that your renters and property managers hold adequate coverage as well.

Insurance for Property Owners

Although most homeowners have a homeowner’s insurance policy, many rental owners may not know if their standard policy covers when their property is rented. Many homeowner’s policies may cover short-term rentals up to a few weeks, but could be voided if the property is not primarily owner-occupied.

The homeowner’s insurance company may deny coverage if your policy does not cover a rental. Policies for rental units have various names depending on the company, but they generally are referred to as dwelling policies, and fall into three categories: DP-1, DP-2 and DP-3.

A DP-1 policy is basic and covers simple things like fire and vandalism. DP-2 policies are broader, and cover named perils like damage from a windstorm, hail, fire or vandalism. Some even have a provision for a collision, such as if a car were to hit the property.

Finally, a DP-3 policy is a ‘special form’ or an ‘open peril’ policy. Unless a peril is specifically excluded, it’s covered. The different policies will also cover the property to different degrees. With a cheaper DP-1 policy, the property may only be covered for existing value, whereas a more broad DP-3 policy would cover replacement value.

Existing value means that you would only be paid what the property is worth, not the full cost to replace it. For example, if the roof were 10 years old, existing value would not pay out the cost to install a new roof, the payout would be written down for the 10 years of age for the damaged roof.

Obviously, a DP-3 policy will be the most comprehensive and provide the best coverage in the case of an emergency, but is likely the most expensive coverage as well. The savings on the less expensive policy could be offset in a tragic event, where the less expensive policy does not cover your lost rental income during a rebuilding period. It’s important for property owners to balance the investment of insurance with a policy that will protect them from catastrophic loss.

What About Your Renters?

Although a comprehensive landlord insurance policy will cover your property in the event of damage, most renters are completely unaware your policy does not cover any of their belongings. If your unit were to burn in a fire, the standard landlord policy would only cover the cost of the structure, not any of the items inside.

For this reason, many landlords require their tenants to maintain a renters insurance policy throughout the term of their lease. Unlike the property policy, renters insurance is generally very affordable, often less than $20 a month depending on the value of the renter’s items. An added bonus of a renter’s insurance policy is that they typically cover the renter’s items regardless of location. So, if their laptop was stolen from the library instead of the rental unit, the policy would typically still cover it. Property owners would have to maintain a separate personal property insurance to get the same amount of coverage.

Even more important for property owners, if a rental unit is damaged due to negligence of the tenant, the landlord can often place a claim on the tenants’ insurance, rather than their own.  For example, if the tenant leaves a stovetop on and burns the kitchen, the claim on their renters policy will save the owner from potentially higher insurance premiums in the future.

What About Property Management Insurance?

After obtaining quality property owner coverage on a unit, most landlords may think they are done with their insurance needs, however, this can be a costly mistake. Professional property management companies often carry insurance that can be extremely valuable in protecting their property owners from lawsuits or damages.

The policies usually include a general liability policy, as well as a professional liability policy called errors & omissions or “E&O”. Property managers, like doctors, lawyers, and architects, need E&O insurance because the decisions they make can cause damages and cost lives if they are negligent.

Even if a property manager properly fixes any outstanding hazards, E&O is still important to defend management and the landlord from litigious tenants, bystanders, or visitors to the unit. The general liability coverage they carry is also extremely important; covering landlords if they’re sued for damages including an indoor fall, an animal bite, or someone slipping on a wet sidewalk.

Working with a professional property management company not only minimizes the danger of liability claims by proactively maintaining your unit, but also by ensuring that you, your tenant, and property management company are fully covered from any dangers that may arise. If you are looking for a fully insured and professional property management company in San Diego, contact MV Properties today!

Let Us Help

If you are concerned about the liability or insurance needs of your rental, call MV Properties at 888-686-1525. From providing up-to-date and in-depth regulatory knowledge to ensuring a smooth and stress-free transition between tenants, we can help maximize your rental investment. Ask a question anytime by emailing keegan@mv-props.com and visit our website to learn more.

About Keegan

Keegan McNamara is the founder of MV Properties, a leading San Diego property management company offering the highest level of service in property management, maintenance, and leasing. His goal is to cultivate long-lasting relationships with his clients (property owners) and their tenants to provide an enjoyable leasing experience. Keegan holds a Masters in Business Administration from the Rady School of Management at UC San Diego and is a Principal at McNamara Ventures, a real estate development, and investment company focused on residential and mixed-use properties.

How is Your Rental Income Taxed?

Income generated from rental properties is still considered income, but is it taxed at the same rate as your paycheck? Rental income is generally considered a passive revenue stream and is subject to special considerations and rules by the Internal Revenue Service (IRS). While it is designated as “passive”, anyone who owns rental properties knows the commitment of time and effort it takes to keep everything running smoothly.

There are many things to consider when it comes to how your rental income is taxed, such as deductions, special allowances, repairs, and improvements. After you factor in any applicable deductions and special allowances, your passive rental income is taxed at a different, usually lower, rate than your active, or nonpassive, income. It is important to consult your tax professionals with questions about your specific circumstances, as we are not CPAs and are not giving tax advice.

Tax Deductions

If you received rental income during the year, there are certain tax deductions you can claim based on rental expenses. You may be able to deduct the cost of repairs, property tax, operating expenses, loan interest, management expenses, utilities, insurance, depreciation, and general maintenance. All those deductions can add up, but be sure you know what qualifies as a repair. The IRS is pretty particular about what it considers a repair versus an improvement.

Repairs can only be deducted in the tax year they were completed and in the event that they are ordinary, necessary, and reasonable in amount. Examples of acceptable repairs you can deduct include fixing floors, leaks, walls, and windows, as well as keeping appliances in working order. Basically, most costs associated with the upkeep of the rental property can be deducted and off-set the amount of taxes you’ll owe on the rental income.

In addition to repairs, any utility payments you cover for your tenants; fire, flood, and mortgage insurance; and loan interest on your mortgage are all sources of tax deductions on rental income. Everyone’s tax situation is unique, so be sure to research which tax deductions are applicable to you and your rental properties. If you skip this step, you could be paying more to the IRS than needed.

Property Improvements

While repairs can be deducted in the tax year they are completed, capital improvements to the property are expensed, and the costs are deductible. But, the difference is capital improvements are amortized over many years. There are different amortization timelines for different types of improvements. Your CPAs can assist you in selecting the correct amortization period. A property management company, like MV Properties, assists your CPAs by providing all the documentation that you need to properly fill out your taxes.

According to the IRS, an expense is considered an improvement if “it results in a betterment to your property, restores your property, or adapts your property to a new or different use.” (1) Some concrete examples of improvements are additions such as bedrooms, a porch, garage, or patio; replacing the roof; adding a security system; heating and air conditioning additions; replacing appliances; and replacing septic systems or water heaters.

Depreciation Deduction

Depreciations are income tax deductions that permit property owners to recover the cost of assets over time. The IRS makes an annual allowance for a property’s deterioration, including normal wear and tear. (2) Depreciation is something that you can get a deduction for in the current year even though you might not have spent money to buy rental property in that year. Depreciation is a huge tax benefit, and it is a non-cash expense that decreases your taxable income. It’s one of the big benefits to owning investment property.

1031 Exchanges

Something else to consider with your properties, is the opportunity to do a 1031 exchange. A 1031 exchange is a swap of one business or investment asset for another. Although most swaps are taxable as sales, if you come within 1031, you’ll either have no tax or limited tax due at the time of the exchange. (3) Special rules apply to depreciable properties in 1031 exchanges. I and my partners at MV Properties work with 1031 experts who assist our clients when there are complications on 1031 exchanges and carrying forward the depreciated basis. Tax law is complicated, and while we are not CPAs, we are happy to work with your tax professional to get all your rental income paperwork in order.

Passive Income Rules

Deductions are not the only way to lower the tax owed on rental income. Passive income is subject to special rules when it comes to taxes. In certain cases you can use passive activity loss to offset your active income, such as your salary.

But, a question we are often asked is, is your rental income still considered passive if you actively participated in managing and repairing the property? According to the IRS, “A rental activity is a passive activity even if you materially participated in that activity.” The only exception being if you are in the real estate business. Rental income is considered active income for real estate professionals. As long as you don’t fall into that category, you can claim the special allowance in regard to your rental income taxes.

How We Can Help

Self-managing your rental property is a huge undertaking and sometimes can seem like another full-time job. We can help alleviate some of the pressure of owning a rental by taking over the day-to-day management and repairs of your property. MV Properties can help you make your passive income truly passive. Call us today to set up a consultation and discover what you can gain by allowing us manage your rental property.

About Keegan

Keegan McNamara is the founder of MV Properties, a leading San Diego property management company offering the highest level of service in property management, maintenance, and leasing. His goal is to cultivate long-lasting relationships with his clients (property owners) and their tenants to provide an enjoyable leasing experience. Keegan holds a Masters in Business Administration from the Rady School of Management at UC San Diego and is a Principal at McNamara Ventures, a real estate development and investment company focused on residential and mixed-use properties.

________

(1) https://www.irs.gov/publications/p527/ch01.html#en_US_2015_publink1000218984

(2) http://www.investopedia.com/articles/investing/092415/how-does-depreciation-reduce-my-tax-bill.asp

(3) http://www.forbes.com/2010/01/26/capital-gains-tax-1031-vacation-home-personal-finance-robert-wood.html

Three Steps to Finding Great Tenants in San Diego

Without a doubt, finding the right tenant is the single most important decision you will make in your journey as a rental property owner. A great tenant can mean the difference between your property being maintained and rent being paid on time to overdue rent, lawsuits, or even permanent damage to your unit.  

Many owners select tenants using their gut feeling and then fail to screen them completely, which can open the owner up to risks that are easily avoidable. The key to finding a great tenant in San Diego is to get to know them as well as you can and having a structured verification process.

Thoroughly Vet Applicants

Many property owners believe that “getting a feel” for tenants in person is the best way to select the perfect renter. It’s important to remember that the most likeable person you meet may not be the most qualified.

Lacking a formal process for picking the most qualified tenant can also put you at risk of violating fair housing regulations by creating a perception of racial, gender, or religious bias.  Lawsuits regarding fair housing can be extremely costly and time-consuming. While having a friendly tenant is never a bad thing, it is important to always research each potential tenant’s background and financial history thoroughly before making any decisions.

Do Your Homework

When researching a tenant’s history, you will want to make sure you don’t skip any steps. Cutting corners when it comes to researching your tenant can be a very costly mistake. You’re not only checking to make sure that your tenant has a history of paying bills on time, but you’re also checking references to make sure that past landlords have had positive experiences with your tenant.  

Below are some easy steps to follow to thoroughly vet all applicants:

  1. Call each reference. Many owners will only call one or two people from the list, but you could be leaving valuable information undiscovered, particularly when it comes to calling former landlords.

  2. Run a credit report and go through it in detail. Having less than perfect credit is not an automatic disqualification, but reviewing credit reports is an important step is to see how the tenant addresses any issues that arise.  Do they proactively address and explain their situation? Or do they attempt to hide any potential issues? These are important indications of your tenant’s ability to shoulder responsibility.

  3. Always do a background check. Credit reports and landlord references don’t paint a complete picture and I’ve even heard of owners who only found out that their tenants have criminal histories when applicants for other units search the sex offender registry for the area. Although a potential tenant may be required to notify you if they are a sex offender, other relevant crimes such as burglary or assault don’t carry the same reporting requirements. It’s your responsibility to run a background check to ensuring that your new tenant will not cause unwelcome disturbances in the community.

Get Professional Help

Screening tenants can be time intensive, stressful, and tedious work. Remember that it is important that you follow the same process with every applicant and have clearly defined rental criteria that your tenant must meet. If you need help screening tenants and keeping your process consistent, MV Properties is here to help with our proven tenant screening process. If you want to enjoy the benefits of being a rental property owner without the stress, contact us today at 888-686-1525.  Ask a question be emailing keegan@mv-props.com and visit our website to learn more about our process.

About Keegan

Keegan McNamara is the founder of MV Properties, a leading San Diego property management company offering the highest level of service in property management, maintenance and leasing. His goal is to cultivate long-lasting relationships with his clients (property owners) and their tenants to provide an enjoyable leasing experience. Keegan holds a Masters in Business Administration from the Rady School of Management at UC San Diego and is a Principal at McNamara Ventures, a real estate development and investment company focused on residential and mixed-use properties.

Tenant Screening in San Diego – Best Tips for Finding Great Tenants

Today we are talking to property owners about how to properly screen for the best tenants. It seems like a pretty straightforward process, but you’d be surprised at how basic screening principles can be ignored.

A lot of property owners who manage their own properties go by instinct. They might have an open house to show the property and a number of potential tenants will see it, and the property owner picks the people that seemed most likeable. I can’t stress this enough: going by your gut is the wrong way to find a tenant. You’re setting yourself up for getting a tenant who has credit deficiencies or a history of evictions and you won’t even know it. If you’re not following a systematic, consistent approach with how you deal with all potential renters, you’re also setting yourself up for fair housing issues. The fallout from these types of claims can be extremely expensive and time consuming.

In order to screen all potential tenants properly:

  • Take the time to call every single reference, particularly the previous landlords.

  • Run a credit report and go through it in detail.

  • Some people have blemishes on their credit histories; those aren’t necessarily disqualifying events. What you need to look for in these situations is how the potential tenant chooses to address it. Do they proactively explain their situation? Or do they try to avoid it and make excuses? These are telling signs about what kind of tenants they’ll be.

  • Follow the same process with everyone, and have clearly defined rental criteria. I can’t stress this enough.

Leasing to great tenants is the best thing you can do for the success of your rental property. But the screening process is time consuming and can be difficult, especially if you don’t know the best practices to follow, or the proper questions to ask.

If you’re ready to hire a professional property management company, contact us at MV Properties and we’ll give you the best service in the business.

Five Annual Actions to Complete for Your Rental Property

It takes a lot of work to be a great landlord. You are on call when things break, tenants get locked out, and when general repairs need to be done. Doing these five actions annually will increase the value of your property, keep your tenants happy, and cut down on maintenance costs in the long-term.

1. General Inspection and Maintenance

This may sound like common sense, but checking smoke and carbon monoxide alarms annually is extremely important. But, as we all know, time can easily get away from us and these checks tend to fall low on the priority list. Making the effort to inspect these potentially life-saving systems every year will protect the life of your property, and show your tenants you care about their safety.

Another way to extend the life of your property is patching up any visible cracks or leaks. While small cracks may seem harmless, you never know how quickly they will progress, and water leaks can cause irreparable damage on a property. Save yourself future hassle and patch cracks or leaks as they appear.

Additionally, cleaning the gutters should be part of your annual maintenance to-do list. It may seem like a little thing, especially in San Diego where weather is almost non-existent, but it can make all the difference when a storm rolls through.

2. Assess Market Rent Prices

Do you know if you are charging market rent prices for your neighborhood and property value? San Diego County rent prices went up 8.6% on average over the last 12 months. Taking the time to review rent prices every year can ensure you are competitive in the marketplace and earning what your property is worth. This simple step is mostly research and doesn’t always need to be acted on every year.

Though, we’ve seen that when owners don’t raise rent for 4-5 years or longer, rents can easily be 30%–40% below market, and owners who are self-managing are losing thousands of dollars a year. Consistently and fairly raising rents, communicating openly with tenants, and honoring long time tenants are all policies that any property owner should adopt, whether you self-manage or hire a management company.

3. Landscaping and Yardwork

Another thing to do annually to maintain your property value is some general landscaping and yardwork. Landscaping will improve the overall aesthetic of your rental property and make it more attractive to future tenants. Current tenants are also much more likely to tolerate a rent increase if the plants in their common areas, such as a courtyard or shared patio, are well-maintained instead of overgrown and full of weeds. Tending to the plants surrounding your rental property will also cut down on bug and spider infestations, which can spread to your units and wreak havoc.

4. Verify Keys and Emergency Contact Information

Something else to consider, you never know when your tenants are going to change their locks. Tenants can have their apartments rekeyed for many reasons. Maybe they lost their keys, had a break-in, or simply replaced a broken lock. In any case, it is important to make sure you have a copy of all your tenants keys in case of an emergency or if you need to access their units for maintenance.

Speaking of emergencies, when you are gathering copies of their keys, be sure to ask for any updated emergency contact information. You never want to need it, but you want to make sure you have contact information in case something happens to your tenants.

5. Thank Your Tenants

Last but not least, don’t forget to do something kind for your tenants at least once a year to show them you care. It doesn’t have to be anything big, but a heartfelt note or small gift around the holidays can make all the difference in your relationship with them.

Some of these steps can be done for you if you work with a management company. MV Properties can ensure that your rental properties are properly maintained, landscaped, and priced at a competitive market rate. Call us today to set-up a meeting and let us tell you how we can simplify your life as a landlord.

About Keegan

Keegan McNamara is the founder of MV Properties, a leading San Diego property management company offering the highest level of service in property management, maintenance, and leasing. His goal is to cultivate long-lasting relationships with his clients (property owners) and their tenants to provide an enjoyable leasing experience. Keegan holds a Masters in Business Administration from the Rady School of Management at UC San Diego and is a Principal at McNamara Ventures, a real estate development and investment company focused on residential and mixed-use properties.