Real Estate Professionals

Property Management is a long established service that our organization provides at an affordable rate

Our goal is to provide property owners a reliable and trustworthy

management service that frees the owner from the day-to-day

management tasks and hassles.  We have decades of experience

and know how to avoid all the major problems associated with

commercial and residential investment properties.  All potential

liability issues that come with investment ownership are minimalized through a very experienced, thorough and diligent 24/7 management team.  Honesty, transparency and reliability are the foundation of The Johnson Group and Lantern Bay Realty’s business philosophy.  We are proud to have been part of and contributed to Lantern Bay Realty’s “Business Of The Year” award by the Dana Point Chamber of Commerce in 2002. 

Key Information & Services - Product and Company Visibility: 45 years of successful business practice in all types of markets has produced literally thousands of multigenerational relationships loyal to Lantern Bay Realty.  These “clients” have been catalogued and communicated with routinely over the years resulting in a true “repeat and referral base” second to none.  In addition to networking past clients we have a continuous internet presence with dozens of on line marketing sites, active Facebook accounts, Social Farming in multiple organizations and interest groups.  Additionally, we literally have the best office location in all of Dana Point providing significant walk in traffic. 

Tenant Screening: Implementing thorough screening processes on all applicants has kept our eviction rate at a near non-existent level.  Meticulous vetting up front is the key to our success in this area.  Typically a 680 tri-bureau average score is our standard.  Compensating factors can potentially move that rule.  We check every item on every application and run National Eviction and Criminal Reports on each applicant, as appropriate.  Details such as verifying employment, income, previous rental history, references, etc. are routine.

It is important to note that in the rare case where we are involved with tenant misconduct, we have all the proper tools and experience to bring those situations to a quick and effective resolution. 

Management: all principals at Lantern Bay Realty are hands on and available to all tenants and owners 24/7.  Joe Lovullo, founder of Lantern Bay Realty, started this business after honorably serving our country and retiring from the Marine Corps.  Joe was involved in the Korean War and did two tours in Viet Nam before retiring 45 years ago as a highly decorated Colonel.  Mike Lovullo, Joe’s son, is the President/Broker of Lantern Bay Realty.  Mike has been one of the top producing agents in all of Southern California, estimated to be in the top 2% in our region.  Mike’s range of knowledge in sales, marketing and problem solving is second to none. 

Tim Johnson joined the company in 1990 after a very successful 25 year career as General Sales Manager, Director of Sales and Marketing and Vice President of Sales and Marketing for several of the nation’s top new home builders (William Lyon Homes, Pulte Home Corp. and Standard Pacific Homes).  Tim is Vice President of Lantern Bay Realty and oversees many of the day to day operations of the Company.

Maintenance: We have developed and maintained a preferred list of vendors, most of which we have been using for many years. All are bonded and insured and give us fantastic service from Landscape Maintenance to 24/7 plumbing service, Electrical, general maintenance, Janitorial and beyond.  Service quality, reasonable pricing and timely response are key to good service. 

Accounting: Our accounting department provides owners with monthly and year end financial statements.  Confidentially and organized files are stored under lock and key to keep things organized and secure.  All bills are paid on receipt and all work related invoices are provided routinely or on request.  Our book keepers are always available to answer any questions you may have and are expert at their jobs.