Today, the news we all hear for commercial real estate and commercial property management is not great. The amount of commercial asset debt that is
When evaluating a commercial property to understand its value, the desirability, the real numbers, one has to research the property and perform some level of
Collectively we need to prepare to live much longer than our parent’s generation as the average life expectancy in the United States keeps growing. This means the amount of money we need for retirement keeps getting greater. Additionally, healthcare costs also continue to rise the older you get especially once you get into your sixties and beyond.
These above facts are not presently being announced proudly by any government agency, nor are any private institutions warning the public. Unfortunately, most Americans are either not aware or purposefully not preparing properly for their retirement years because they can’t afford it. The situation appears to be getting worse each passing year as we have an aging population and will soon be facing a major problem country wide when the peak of baby boomers is done working.
On June 16, 2015, a fifth-story exterior balcony collapsed at a popular apartment building named Library Gardens near the University of California, Berkeley. At the time of the incident, a group of Irish exchange students were gathering on the balcony celebrating a 21st birthday party. Unfortunately, six students perished as a direct result of the collapsed balcony and seven others were severely injured (many of these people were cousins from one family). After an extensive investigation it was determined that the cause of the collapse was defective construction, and defective building materials. The construction method allowed moisture to enter the balcony joists inside the building cavity, causing dry rot and eventually failed structural members.
There is an old saying in the trades that goes something like this, “there is a high price to the low bid.” Unsuspecting homeowners and property managers who hire independent contractors who subsequently get injured on the property could potentially be liable for the injured person. California Labor Code Section 2750.5. Several factors determine the ultimate liability, but I imagine this fact situation will make several of you reading this think twice before you hire your next tree trimmer.
Many of our clients desire tenants that don’t have pets for the obvious perception that pets cause more wear and tear on rental properties, however this is certainly not always the case. Several times every year we encounter prospective tenants with emotional support animals, or people who claim they have emotional support animals. It is both a sensitive and important topic which requires some cursory analysis and something that we cover with our clients during our initial meetings. Believe it or not an emotional support animal is NOT a pet according to the U.S. Department of Housing and Urban Development (HUD) guidelines and the Fair Housing Act (42 U.S.C.A. 3601 et. seq.).
Esquire Property Management Group (ESQPMG) offers Performance Guarantees for our clients and owners. We are unaware of any other Northern California property management firm that offers similar guarantees. The five (5) performance guarantees that ESQPMG offers are; 1) Payment Guarantee, 2) Response Guarantee, 3) Fee Guarantee, 4) Transparency Guarantee, 5) Service Guarantee, 6) Satisfaction Guarantee – for a detailed breakdown of these guarantees go to https://esquirepropertymanagementgroup.com and check them out.
The small city of Monte Sereno, California is nestled in the northern slope of the hills of the Santa Cruz Mountains, and is just ten miles away from San Jose and 50 miles away from San Francisco. It is shoe-horned between the desirable communities of Saratoga and Los Gatos, sharing public services and utility providers with Los Gatos. Little traveled El Sereno open space preserve quietly overlooks and marshals the city limits. Minutes from a convenient Silicon Valley commute, many top innovative minds, entrepreneurs, business professionals and executives call Monte Sereno their home.
The incorporated town of Los Gatos may not be known as widely as other areas in Santa Clara County, but it still has plenty to offer. It’s located just 60 miles from San Francisco, merely minutes away from San Jose, 20 minutes to Stanford University and is essentially a vital cog in the hustle and bustle of Silicon Valley. The beautiful landscape of Los Gatos is truly unique with a mix of flat topography and low-lying wooded hills with streams, creeks, a reservoir, and nature open space preserves scattered around the town. Los Gatos is also 15 minutes to the Santa Cruz Beach Boardwalk (give yourself more driving time during the summer tourist season).
Rental property owners usually desire three things from the professionals helping them; trust, transparency, and guarantees. Specifically, they want to know their properties are being taken care of properly by a trustworthy professional. To accomplish that first goal ESQPMG performs pre-market rental property inspections of the properties we are considering to represent to determine compliance with the California Habitability Standards and state building codes. Most of our competitors don’t have the broad based experience and knowledge to competently accomplish this task. Our principal owner/broker, David Roberson, Esq., is a former building inspector (certified in 12 separate and distinct building codes and standards) and has inspected over 2,500 single-family residences, 12,000,000 square feet of new construction commercial space and is very knowledgeable about each and every building he inspects.
Partnering with Esquire Property Management Group allows owners to have peace of mind knowing their assets and properties are being evaluated on a daily basis for efficiency, appearance, and productivity.
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