Monday, September 24, 2012

Palo Alto Property Management

NorCal Property Management
  (408) 849-9315 or david@rentnorcal.com; www.rentnorcal.com

Literally translated, the name Palo Alto means "tall stick" in Spanish and is the namesake of a landmark Redwood tree located on the bank of the San Francisquito Creek.  It is a city of almost 65,000 residents located in the San Francisco Bay Area of California.  Being one of the most expensive cities in California and home to some of the most educated residents in the United States, Palo Alto hosts portions of Pac-12 member Stanford University and several tech companies like Hewlett-Packard, Mashable, and Tesla Motors.  Part of what makes the city so inhabitable and desirable to individuals looking for a place to live near, but not in the city of San Francisco, is its environmental features.  The city contains an estuary, riparian zone, and a forest of oak; its climate is mediterranean which means the summers are typically warm and dry while its winters are often cool and wet.

Properties located in Palo Alto make for some of the best investment properties around.  The city's location to San Francisco, Stanford University, a multitude of tech companies, and a VA hospital make it a prime location for highly qualified job seekers and, therefore, highly desirable renters.  Unfortunately, sifting through all of the potential tenant applications that homeowners are likely to encounter when they rent out their property can make it difficult for the inexperienced to select the best tenant to occupy their home.  There are credit reports that need to be checked, references that need to be verified, and questions that need to be asked.  This might all seem simple enough, but as anyone who is not a professional manager can tell you, finding the right tenant with all of the right qualifications isn't always as easy as it first may appear.  With the help of a professional Palo Alto property management company on their side, homeowners don’t have to worry about these tenant selection issues and, better yet, don't have to worry about potential bad tenant dilemmas like missed rent payments, property damage, complaints from neighbors, etc.

It's not uncommon for first time property managers to approach the idea of owning and renting out a property with excitement for the income they're going to earn, but that excitement can quickly turn to dismay the first time they have to track down a delinquent renter or serve an eviction notice.  Without the proper resources, like those available to a professional Palo Alto property management company, the frustrated homeowner/manager could end up spending hundreds to thousands of unnecessary dollars in their attempt to secure the money owed to them.

Palo Alto property management companies know how to find and deal with all sorts of renters, from the excessively noisy to the downright despicable.  Best of all, when a Palo Alto property management company contracts to oversee a property on behalf of a homeowner, most of the fees associated with ensuring a property remains profitable are wrapped into the cost of management fees.  In most cases, fees are paid for with a percentage of the rent collected from renters; when the renters don't pay their assigned management company, then neither does the homeowner, and the management company quickly gets to work to secure their homeowners' investment.

Need Palo Alto property management or just curious about the town itself? CLICK HERE to find out more about Palo Alto, CA.