Why Small Property Management Demand Is Increasing

Peyton C. Hoban

The need for small property management is increasing in San Diego. Sunrise Management, a San Diego-based property management company, is growing its small properties division in response to the increased demand, naming new leadership with the promotion of Peyton C. Hoban to director of its small property division and Eric Paulin as regional manager.

“We have found that the demand for high caliber management of small residential properties is growing,” Hoban tells GlobeSt.com. “The inventory of small multifamily developments in San Diego County is large and many properties have been in the hands of current ownership for years.  Because of their sheer number and as long-term owners grow older and look to monetize their investments, these properties are frequently available for purchase. They can represent wonderful investment opportunities to buyers willing to inject capital into well-located, older assets.  With that kind of investment, investors need strong management to meet the evolving needs of their residents and to realize a good return on their investment. We are adding to our team to meet that demand and maintain that high level of service.”