ESQPMG Real Estate Investment Blog

For Tenants

The Pros and Cons of Owning a Rental Property

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.

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For Tenants

Mold Prevention and Mitigation Guide for Property Managers

We focus on mold prevention and mitigation in our property management practice. We rarely use the “M” word because we are 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. 

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Uncategorized

The Impact of STRs on Neighborhoods and Local Regulations

The increasing popularity of short-term rentals (STRs) like Airbnb and VRBO has prompted local governments to consider regulations to maintain neighborhood integrity. While these rentals provide owners with extra income, they can disrupt community cohesion. A balance between owner rights and neighborhood stability is crucial for local jurisdictions.

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Landlords

Is Your Real Estate Investment Strategy Creating Too Much Risk?

After performing a comprehensive and exhaustive analysis and identifying realty as your next investment, one of the most important tasks real property investors can do before pursuing an investment strategy is to determine the risks associated with it.  It’s virtually impossible to completely avoid risks so the more you can understand about your investment by conducting due diligence, the more you learn about your risk strategy and mitigation options, the better your chances will be of making a successful and profitable investment.  Doing homework, asking many questions, and performing comprehensive investigations are just some of the things that needs to be done before you pull the trigger.  Just winging it is not a strategy.

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Uncategorized

Investors – Google’s New Campus Is Poised to Revitalize Downtown San Jose – Are You Ready?

With Google’s announcement of a planned new campus in San Jose, California, investment property managers are cautiously optimistic about the opportunities that may soon become available.  The plan is for Google to build an impressive eight-million square foot campus, which is about eight times as much as the office space currently available in San Jose.  The transaction is not yet finalized because there are many details to be ironed out due to the sheer magnitude of the project.  The entire downtown core of San Jose will be revitalized and expanded to reach levels that were never previously imagined.  Small investors should be proactive and start to search out deal and be ready to make a move if you truly want to benefit from this large-scale development project.  If nothing else, start with investigation and due diligence of any and all properties surrounding the proposed project – your real estate education IQ could be improved just by this step alone.

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For Tenants

Living in Willowgate: Why This Mountain View Community Shines

Willowgate Mountain View offers a desirable living environment near major commuting routes and features charming craftsman and condominium homes. The community thrives with neighborhood associations and a popular garden that fosters camaraderie and supports local food banks. Its active atmosphere enhances safety, making it a good investment opportunity for homeowners and landlords.

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Landlords

What are Basic, Quick and Inexpensive Tasks to Make Rental Properties Pop and Amaze?

Due to external factors such as significant capital gains tax exposure many people are choosing to rent out their homes versus selling.  The more forwarding-thinking people are employing a strategy where they rent their property for two years or so, then sell their property (maintaining their IRC 121 & 1031 benefits) and exchange into another more potent cash cow.  After all, in California a real property sale can trigger a 38% tax hit the following April due to capital gains issues – assuming one’s gains are greater than the IRC 121 exemption of $250,000 for a single person or $500,000 for married couples.  Thus, many people are renting by themselves or through a property management company to preserve their tax efficient options.  Below is a quick hit list of easy and inexpensive design ideas which may help you separate yourself from your competitors who have also listed their homes on the rental market.  Importantly these improvements and/or expenses are either tax deductible against rental income or depreciable.

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Non-Owner Occupied Properties

Solar Panels Provide Ever Increasing Benefits to Non-Owner Occupied Property Owners

Green technology is the wave of the future, not just in Silicon Valley, but across the globe as well and we can all play a part in improving the environment by utilizing alternative means for generating electricity.  As each individual makes an investment into global preservation by making the decision to include solar panels on their investment properties, or any alternative energy method, they have enforced the greater good principle which we should all consider during our time here on earth.  This especially includes those of us who are lucky enough to own real property improved with structures.  Non-owner occupied property owners are increasingly considering solar energy into their property management plans and for good reason.

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Mountain View

Discover Shoreline West: Perfect Real Estate Near Downtown Mountain View

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.

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