CUPERTINO, Calif. – News of weakness in the European economy and a U.K. double dip recession has caused U.S. investors to flee to quality in their investment decisions, according to Bay Area property manager Jerry Garry of First Statewide Realty.
Garrity, whose property management firm in Cupertino has served real estate investor clients in the Bay Area through five past recessions, says that historically good prices and low interest rates have brought investors into the market in a big way.
“I call it a flight to quality. When a bubble bursts, as it did in 2006 and 2007, the masses run away from it. As the bubble recedes, the serious investors with narrow criteria for choosing quality investments start coming in to pick up the pieces.”
That’s what he says is happening right now, as the more savvy professionals in the business seek out the best deals with the best cash flow.
According to Greg Garrity, one of First Statewide Realty’s property managers, the firm’s clients are always careful to select only quality deals, and to protect their investments with experienced property management services.
“Our clients are among some of the most successful residential real estate investors in the state, and they know that property management, especially in a recession, is a necessity. Good management doesn’t cost money. Good property management adds value, increasing cash flow over the long term.”
About First Statewide Realty
Jerry Garrity’s First Statewide Realty is a seasoned expert in property management whose expertise has been featured in the Wall Street Journal and other publications. His Silicon Valley property management company specializes in managing single family homes, condominiums, townhouses and other investment property. Services are provided for all of Silicon Valley, including San Jose, Sunnyvale, Santa Clara, Campbell, Mountain View, Los Altos, Saratoga, Cupertino rentals, and Los Gatos.
The firm has been in business for over 21 years, and is a member of the Santa Clara County Association of Realtors, Silicon Valley Association of Realtors, National Association of Realtors, California Association of Realtors, Tri-County Apartment Association and National Association of Residential Property Managers.
First Statewide Realty
20045 Stevens Creek Blvd.
Cupertino, CA 95014