For some people, owning a rental property can seem like a dream scenario. For others, it may seem like a nightmare they’ll never wake up from. It’s only natural to have mixed feelings about owning a rental property, since there are so many different pros and cons to think about. Even when you take the time to weigh them all out, it can still seem like there are just as many risks as there are rewards. Most of the time, a person’s experience owning a rental property won’t be a complete dream scenario where there aren’t any issues and the rent checks just keep flowing in. But the experience won’t be a complete nightmare either. It will be somewhere in between. There will be plenty of ups and downs, things you can plan for and things you get blindsided by. Everyone has a different risk tolerance, so making a list of the pros and cons of owning a rental property can help you decide whether the risks are worth the rewards for you.
I rarely use the “M” word because I’m not an industrial hygienist or a laboratory. However, mold is commonly talked about in the real estate world and is everywhere – that simple fact doesn’t take away from the seriousness of it. A mold infestation or contamination can be extremely damaging to a property and to investment property managers. Not only does mold put your tenants/residents at risk, but you and the property owner may have to spend a significant amount of time and money to properly mitigate the environmental condition and make the rental unit a safe and comfortable place to live. Moreover, mold creates a significant stigma on a property which most certainly attaches and affects value and desirability. In addition to educating yourself about mold, one of the best things you can do is focus on the common areas (bathrooms, kitchens, laundry rooms) where mold grows and do your best to prevent it by keeping these rooms, walls, ceilings as dry as possible. However, if mold/mildew growth is already there, it’s time to take care of it before the issue becomes more serious. Remember, a property manager and/or landlord’s primary duty is to provide a habitable rental unit – a unit with mold is not habitable.
The neighborhood social media site NextDoor and other neighborhood bulletin board sites are constantly bombarded with the question “Can someone please refer a Quality Residential Cleaning Service.” The fact of the matter is most cleaning services are mismanaged and don’t have employees who are properly trained or supervised. Even though a company or cleaner may start out doing a good job, inevitably there will come a time when the company disappoints for several reasons. Searching high and low for several years we used many different services but did not settle on one company until we met Maria Flores of High Quality House Cleaning, LLC in Sunnyvale, CA. Silicon Valley Property Management Group now uses HQHC exclusively and couldn’t be happier. In fact, in addition to being a great company HQHC is a Santa Clara County Certified Green Cleaning Company, and they are also a fully sanctioned Woman Owned Minority Business.
Anyone taking their first drive through Stierlin Estates Mountain View will often take it slow, not just for the quaint neighborhood view, but because they have no choice. The sleepy neighborhood of Stierlin Estates was designed with a zig-zag road pattern, which helps keep drivers with a heavy foot in check. Ask the residents about their quiet little corner of Mountain View and they’ll tell you they like it that way. Beyond creating a traffic calming road network, you can’t actually drive “through” the area. The roads loop around with no direct access from one highway to another. This all but eliminates commuters driving through the neighborhood.
Location, location, location … That’s the first thing that draws many residents to Rex Manor, a small 74-acre Mountain Shadows suburb north of Central Expressway, east of Monta Loma and west of North Whisman. Most residents find Rex Manor is a 15-minute walk from work, school, dining, shopping, entertainment and everything else they could want. When they move into the neighborhood, they discover it’s not only conveniently located, but it’s also charming, serene and friendly. Minutes from Google, Highway 101, Stanford University, San Francisco, San Jose, and Silicon Valley, this desirable neighborhood is providing a robust realty springboard for investors and homeowners alike.
July 1, 2017 Implementation
The California legislature has determined that bed bugs are a significant habitability issue in rental properties, so much so, they have drafted and passed Assembly Bill 551 which imposes new disclosure requirements on landlords, property managers, and owner of rental properties. Beginning July 1, 2017 the new law modifies California Civil Code Sec. 1941.1 and requires landlords, property managers, and owners to provide a prospective tenant (and all other tenants by January 1, 2018), a written notice which provide information about bed bugs, including identification, biology, typical behavior. Importantly, the notification requires tenants to cooperate with landlords, property managers, and owners with prevention and treatment procedures, including the importance of prompt writing reporting by the tenant regarding suspected infestations.
Tech industry growth and the desire among tech workers to live closer to their jobs are among the major reasons why you should invest in Mountain View real estate. Even with tech industry owned luxury shuttle buses to ease commuting hassles, commuting still eats time workers would rather have to spend with family, friends and personal pursuits – and reduces flexibility. Indeed, the local housing market has grown quite competitive as it tries to absorb the workforce influx. Those investing in rental housing in North Whisman continue to see handsome profit margins and long-term equity gains.
As ground zero for the tech boom that is helping to drive the region’s local real estate markets and economies, the North Bayshore section of Mountain View is a real estate market in transition and gaining equity growth year after year. Major companies, including Google, LinkedIn, Apple, Facebook, and Intuit, have contributed to an increasing demand for residential housing via their work forces. This has had a powerful impact on the local residential real estate market, particularly for those investing in North Bayshore real estate – homeowners and long-term investors.
Martens-Carmelita is different from other parts of Mountain View because of the rustic feel of the neighborhood and the homes located there. Because many of the homes were built in the 1950s, the atmosphere reflects a feel of times gone by. The tree-lined streets may lack sidewalks, but the charm of the area hasn’t suffered as a result. Located in the heart of Silicon Valley, within a stone’s throw of the most valuable company in the World, Google, this neighborhood is being swallowed up by international investors and residents who adore Mountain View.
Life in Blossom Valley Mountain View is continually changing. What once was an orchard is now a sprawling suburban area featuring a strong sense of community and family – and the World’s Most Valuable Company, Google, as a resident. Spacious, open neighborhoods combine with excellent schools, a variety of parks, well-located shopping, and more, to give residents a sense of togetherness and unity. Due to the many amenities throughout the neighborhood, popularity for properties in the area is at an all-time high. Whether you’re looking to own a home in Silicon Valley, make an investment, or buy a rental property, Blossom Valley Mountain View provides an excellent option.