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.
Posts Tagged ‘Silicon Valley’
If you wish to live or invest in real estate near downtown Mountain View, but not exactly in downtown, look no further. Until 1994, Shoreline West was considered to be part of downtown Mountain View. Residents banded together and won approval to form a stand-alone community with its own identity. The resulting Shoreline West enclave is known for its unbeatable location, welcoming and friendly residents, block parties, potlucks and annual special events that foster a sense of community.
If you are looking for a quiet, peaceful Palo Alto neighborhood look no further than Leland Manor, Garland, and Embarcadero Oaks. Located in the middle of Palo Alto, there exists these three small neighborhoods, all connected and which extend north from Oregon Expressway, to Middlefield Road, Embarcadero Road, and Louis Road.
These three neighborhoods were annexed into Palo Alto proper in the 1930s. Each quaint neighborhood has its own unique and pleasureful personality. Most of the homes in these neighborhoods were built in the 1930s to 1960s and many have been upgraded and improved with time. Many of the homes in these three mini-neighborhoods were built as three and four bedroom ranch-style homes, sprinkled with the occasional custom Eichler. The central location for Leland Manor, Garland, and Embarcadero Oaks allows for ease of access to US 101, local shopping, great Palo Alto schools, Stanford University, and community amenities.
Are you a rental property owner? If so, it’s great isn’t it? You receive income from the rents, also known as other people’s money (OPM), and you realize capital appreciation from the equity gains in the value of the property – a rising tide raises all boats. In fact using OPM is a great strategy for paying for your child’s college education, and providing a passive income stream for yourself in your retirement. The key is buying and holding onto an investment property as soon as possible and taking full advantage of the Internal Revenue Code (IRC) allowable deductions and expenses. Becoming educated about this investment strategy is easy, fun, and should be taught to your children.
Barron Park is the one Palo Alto neighborhood with the greatest range of types of construction and architecture all with a rural to suburban atmosphere. Many people are attracted to Barron Park because there is so much diversity in the housing stock. Barron Park is improving every day with newer homes being constructed with a Craftsman flair. This neighborhood might be for you if you enjoy a slightly slower pace of life with a well-regarded community association and friendly neighbors who make an effort to become your friend.
Developed after World War II “Midtown” Palo Alto contains all of the essential elements necessary to be a classic desirable family neighborhood. Midtown is unambiguously located right smack in the middle of Palo Alto. At inception Midtown was supposed to be a prototypical track neighborhood designed to accommodate California’s state-wide post-War development boom that defined the start of suburban sprawl. Originally considered South Palo Alto, Midtown grew so big, so fast that the two separate neighborhoods – Midtown and South Palo Alto – were destined to be separated out of necessity. Today Midtown is a distinct, charming stand-alone neighborhood which epitomizes Palo Alto neighborhood living.
One of Palo Alto’s most sought-after neighborhoods is Crescent Park – in fact it is the Crown Jewel of Palo Alto. This neighborhood is home to many amazingly beautiful mansions which define classic beauty, elegance, prestige and old wealth along the San Francisco Peninsula. Pre-World War II homes divide up three distinct sections of Crescent Park’s Magnolia-lined streets; East of Middlefield Road, Prime Crescent Park, and Crescent Park Addition. This neighborhood has many different architectural styles all of which are on display in each section of Crescent Park. Just east of downtown are bungalows which began sprouting up in the early 1900s through the 1920s. Many of these bungalows show architectural details and other craftsmen laid surprises not found in modern residential construction. Tudors, Spanish Colonials, Spanish Revivals, and Monterey Colonials can be found throughout all sections of Crescent Park. To appreciate all of the architecture one must just venture street-by-street, block-by-block.