For newcomers to the region, renting often comes before buying, a reason investors keep a close eye on the Los Altos Hills real estate market. Many of these newcomers arrive due to landing a new Silicon Valley job, getting a promotion or experiencing a job transfer. Rentals offer the ideal solution to their need to make living arrangements quickly. Plus, living in the area before buying increases their ability to find a home in a neighborhood that is a good fit. Lakeside Los Altos is a neighborhood that should be explored as it provides panache, close proximity to Silicon Valley and Stanford University, yet it nestled away in the foothills for that comfortable country feel.
The tight-knit communities and neighborhoods that make up the Los Alto Hills real estate market make this area a great place to relocate to. There’s even a Los Altos Hills newcomers club that meets weekly. Life in the Lakeside neighborhood is pleasant and peaceful. Annual community work projects and careful zoning laws help to keep it that way. The amazing aesthetic atmosphere prevalent throughout Los Altos Hills will convince you that you have found a home the first time you visit.
Home lots are an acre in size at the minimum, avoiding the lack of privacy and crowded look of smaller lots. Having the acre as the minimum standard helps preserve the lush, green look of the neighborhood. They say good fences make good neighbors. In Lakeside, plenty of room makes even better neighbors. Lakeside also has parks and preserves, including the Juan Prado Mesa Preserve. These green spaces are an important part of outdoor recreation, such as bike riding, hiking and horseback riding.
Buying homes for sale in Lakeside with the intent of renting them can be a profitable enterprise, provided you have the rental property management skills to maximize your earnings. Furthermore, there are restrictions and covenants at play that can impact how you’ll be able to use these properties once purchased. There will be tax laws to figure out and plenty of research required – tenants, contractors and more.
For at least the initial start-up phase of your investment in Los Altos Hills real estate for renting, you may want to consider using the professional services of Silicon Valley Property Management Group. It is an ideal way to hit the ground running where your investments are concerned, without having to worry about how much the inevitable mistakes you make would cost you.
Professional property management is affordable, is deductible on your tax returns, and provides you peace of mind that someone competent is handling such tasks as thoroughly vetting potential renters, negotiating with contractors and dealing with tenants’ late night problems. The best rental property management services offer easy pay systems to tenants and are proactive about seeing to it that you receive those funds as soon as possible.
David currently is the broker/owner of Silicon Valley Property Management Group (SVPMG) which manages 150+ client properties on the San Francisco Peninsula.Trust, transparency, and performance guarantees are the foundation of SVPMG. David challenges anyone to find a PM company that offers services similar to the extensive education, customer service, and performance guarantees provided by SVPMG.
David also provides consulting for his clients on property development feasibility, construction, and complex real estate transactions.
David has authored a published law review article, two real estate books, and over 120 real estate blog articles.