LRS Realty & Management, Inc.

Property Management, Real Estate Agents

About us

LRS Realty & Management, Inc is a full service property management company in Southern California established in 1988 and specializes in the managing, leasing, and sale of single-family homes, condominiums, and apartments. We serve Los Angeles, Orange, Ventura, Kern, San Bernardino, San Luis Obispo, Riverside, and San Diego counties. Being an experienced leader in property management for over 23 years gives us an edge with market-specific expertise in a complex and evolving real estate landscape. We are experts at turning around underperforming properties and accustomed to managing to maximize cash-flow, which is more important than ever in today’s struggling economy. We recognize that each property is unique and customize our services to fit your specific needs. Our expertise and result-driven analyses result in above-market rents, while controlling variable monthly expenses. Whether you own a single-family home, a townhome/condo, or apartment complexes, we're confident you will find our property managers experienced, focused, and the solution to your investment property needs. Being an experienced leader in property management for over 23 years gives us an edge with market-specific expertise in a complex and evolving real estate landscape. We are experts at turning around underperforming properties and accustomed to managing to maximize cash-flow, which is more important than ever in today’s struggling economy. We recognize that each property is unique and customize our services to fit your specific needs. Our expertise and result-driven analyses result in above-market rents, while controlling variable monthly expenses. Whether you own a single-family home, a townhome/condo, or apartment complexes, we're confident you will find our property managers experienced, focused, and the solution to your investment property needs.

Business highlights

37 years of trusted experience
Emergency Services Offered

Services we offer

Property Management, Leasing, Real Estate Sales, Apartment Complexes, Multi-Family

Amenities

Free Estimates
Yes
Emergency Services
Yes


Accepted payment methods

Check

Reviews

1.84 Reviews
Number of StarsImage of DistributionNumber of Ratings
5
0%
4
0%
3
25%
2
25%
1
50%


Rating CategoryRating out of 5
quality
1.8
value
2.0
professionalism
1.8
responsiveness
1.5
punctuality
2.0
Showing 1-4 of 4 reviews

Jeremy R.
07/2024
1.0
property management
  + -1 more
the guy who showed us the property and signed us up was awesome and helpful. But otherwise I found LRS to be rude, hard to get hold of, and rip offs. God awful customer service. I have so many examples but let me give one. My rent (in LA) was 7500/mo for four bedrooms. For almost half a month, one of the four rooms (the largest which was also my office) was shut down due to repairs - water damage. And they had machines running (large industrial fans) 24/7 for a week (and I had to pay the electrical!!!) This was a major hassle for me and took many hours of my work time to relocate and use up another room in the house intended for other purposes, not to mention the fans were extremely loud. I had to buy a bunch of thick blankets and create a sound barrier just to be able to function. Imagine someone banning you from your office for twelve days. I asked for a credit of 2000 dollars off my 7500 dollar rent. I was rejected and treated like crap. I was offered a credit of 300 dollars. But I had to provide all sorts of evidence. They argued about it non stop (when they answered which was rare). I was unrelenting and finally I was given another 200 dollars after two months of arguing and insisting. When I left they took 3100 dollars off my $8000 deposit, including a $1250 cleaning fee and $600 fee to paint a door. I will do everything I can to steer people away from LRS.
Description of Work: the guy who showed us the property and signed us up was awesome and helpful. But otherwise I found LRS to be rude, hard to get hold of, and rip offs. God awful customer service. I have so many examples but let me give one. My rent (in LA) was 7500/mo for four bedrooms. For almost half a month, one of the four rooms (the largest which was also my office) was shut down due to repairs - water damage. And they had machines running (large industrial fans) 24/7 for a week (and I had to pay the electrical!!!) This was a major hassle for me and took many hours of my work time to relocate and use up another room in the house intended for other purposes, not to mention the fans were extremely loud. I had to buy a bunch of thick blankets and create a sound barrier just to be able to function. Imagine someone banning you from your office for twelve days. I asked for a credit of 2000 dollars off my 7500 dollar rent. I was rejected and treated like crap. I was offered a credit of 300 dollars. But I had to provide all sorts of evidence. They argued about it non stop (when they answered which was rare). I was unrelenting and finally I was given another 200 dollars after two months of arguing and insisting. When I left they took 3100 dollars off my $8000 deposit, including a $1250 cleaning fee and $600 fee to paint a door. I will do everything I can to steer people away from LRS.

Rating CategoryRating out of 5
quality
1.0
value
1.0
professionalism
1.0
responsiveness
1.0
punctuality
1.0

$7,500

Michael D.
09/2017
2.0
real estate agents, property management
  + 0 more
I inspected the property with Ms. Van Leeuwen and it was a mess. Ms. Van Leeuwen assured me the security deposit the tenant had paid would be used to clean up the mess. Much to my surprise and without consulting me, LRS refunded the tenant the full amount of the security deposit. I was forced into shelling out over six thousand dollars to put the house into marketable condition. Clearly LRS has no interest in serving their clients.
Description of Work: I had a rental property in Los Angeles and hired LRS to find a tenant and manage the property. Tracy Van Leeuwen became our agent and did a very good job in advertising the property and finding a suitable renter. After five years, I decided to sell the propetry and engaged Ms. Van Leeuwen as the realtor.

Rating CategoryRating out of 5
quality
2.0
value
3.0
professionalism
2.0
responsiveness
1.0
punctuality
3.0


Jenny K.
07/2014
1.0
property management
  + -1 more
Horrible. I just left court house where LRS failure to properly manage my problem tenant cost me a trip to court and $$. LRS are amateurs, non-responsive and hiire overpriced contractors. The fact that LRS employees in the maintenance department dont know crap about maintenance means you will get screwed. I had to find my own cleaner! Their employee turnover is high so you always have new people to speak with and bring up to speed on your property. Their accounting reports are so confusing that a child could improve on them. Unfortunately I need their reports for my tax return reporting. Do yourself a favor, go to the stationary store and buy a standard rental form and manage your own property. You will be much better off. I am now managing my own property and have saved thousands of dollars. From the Bernstein's on down in LRS company, buyer please beware. I now manage my own properties and with Angie's List save money and aggravation that I experienced in dealing with the LRS hacks who could not care less about high maintenance cost. They fail to report problems, fail to check on the property, fail to provide timely and accurate reports, foal, fail, fail!
Description of Work: Managed a single family home lease in the San Fetnando Valley. I should say mis-managed.

Rating CategoryRating out of 5
quality
1.0
value
2.0
professionalism
2.0
responsiveness
1.0
punctuality
1.0

$5,000

Jesse A.
06/2014
3.0
real estate agents
  + -1 more
My wife and I were initially very impressed with the professionalism and process under which LRS operated, which is why we selected them to manage our property when we moved to another state. Part of the agreement was that we would get "frequent" reports (they have this adevertised on their website) on how the tenants were maintaining the property including photos. They found us some questionable tenants, who turned out to be good tenants, and set up the lease within one month of our departure. After 6 months and no reports, we began to worry about things, so we inquried. The response was that they did not want to intrude on the tenants. After pressing the office that this was part of their program and sales pitch, they finally went out and took some lousy pictures for us. Seeing no major issues, we let it slide. That was over a year ago and I've seen no reports since. The leasing agent we hired as our property manager was let go from the company shortly after that report was issued, and the supervisor who took over our property has gone out of her way to do nothing. A few months ago, there was a problem with our gas stove - the office sent out one of their techs who informed us the repair would cost about $500 (for a stove that was only 15 months old and only cost $700) and that we needed to get it fixed because the tenants had no stove. I looked up the parts "needed" online and found the tech wanted me to pay about $350 for $150 worth of parts, so I called the manufacturer, they sent out a qualified technician who discovered it was a control board, not the vlaves the leasing office tech claimed, and they fixed it for free because it was a safety issue. We wife was in a fit because it seemed that LRS was being total advocates for the tenants and were not willing to do what they had promised us and what we were paying them for. To shorten the story, we are currently listing that property and have found out from our tenants that they have had about the same experience with the leasing office - basically, they do nothing for either us or the tenants. In the process of ending the lease and listing the property, there have been certain considerations that we needed addressed, such as a lease addendum that the tenants requested and some yard repairs, and LRS is balking at both. This company charges at the top of the market and I would encourage anyone to think twice before hiring them. If all you want is a good lease and tenants who pay on time, and no more, LRS may be a good option for you. If you want someone who is going to actively look after your property and your tenants, spend your money elsewhere because you won't get that kind of service from LRS, despite what they may promise you. If I was not selling my property, and was interested in continuing to lease, I would be searching for a new property manager right now.
Description of Work: This Property Manager was hired to manage our rental home in Orange County, They were charged with finding qualified tenants, executing lease agreements, and managing maintenance and rent collection.

Rating CategoryRating out of 5
quality
3.0
value
2.0
professionalism
2.0
responsiveness
3.0
punctuality
3.0

$5,200

    Contact information

    7545 Irvine Center Drive Suite 200, Irvine, CA 92618

    www.LRSOrangeCounty,com

    Service hours

    Sunday:
    Closed
    Monday:
    8:30 AM - 5:30 PM
    Tuesday:
    8:30 AM - 5:30 PM
    Wednesday:
    8:30 AM - 5:30 PM
    Thursday:
    8:30 AM - 5:30 PM
    Friday:
    8:30 AM - 5:30 PM
    Saturday:
    Closed

    Licensing

    Insured

    Eco-friendly Accreditations

    LEED Accredited Professional
    No
    Energy Star Partner
    No
    EPA Lead-Safe Certified
    No
    Use Green Products or Work Practices
    Yes
    State Contractor License Requirements

    All statements concerning insurance, licenses, and bonds are informational only, and are self-reported. Since insurance, licenses and bonds can expire and can be cancelled, homeowners should always check such information for themselves. To find more licensing information for your state, visit our State Contractor License Requirements page.

    *Contact business to see additional licenses.


    Service Categories

    Property Management,
    Real Estate Agents

    FAQ

    LRS Realty & Management, Inc. is currently rated 1.8 overall out of 5.

    Sunday: Closed

    Monday: 8:30 AM - 5:30 PM

    Tuesday: 8:30 AM - 5:30 PM

    Wednesday: 8:30 AM - 5:30 PM

    Thursday: 8:30 AM - 5:30 PM

    Friday: 8:30 AM - 5:30 PM

    Saturday: Closed

    LRS Realty & Management, Inc. accepts the following forms of payment: Check
    Yes, LRS Realty & Management, Inc. offers free project estimates.
    Yes, LRS Realty & Management, Inc. offers eco-friendly accreditations.
    No, LRS Realty & Management, Inc. does not offer a senior discount.
    Yes, LRS Realty & Management, Inc. offers emergency services.
    No, LRS Realty & Management, Inc. does not offer warranties.
    LRS Realty & Management, Inc. offers the following services: Property Management, Leasing, Real Estate Sales, Apartment Complexes, Multi-Family

    Contact information

    7545 Irvine Center Drive Suite 200, Irvine, CA 92618

    www.LRSOrangeCounty,com

    Service hours

    Sunday:
    Closed
    Monday:
    8:30 AM - 5:30 PM
    Tuesday:
    8:30 AM - 5:30 PM
    Wednesday:
    8:30 AM - 5:30 PM
    Thursday:
    8:30 AM - 5:30 PM
    Friday:
    8:30 AM - 5:30 PM
    Saturday:
    Closed