MOUNTAIN VIEW, Calif. – As the spring real estate market continues to boost certain types of home sales, investor interest has increased in Mountain View rentals and other Bay Area cities, according to professional property manager Jerry Garrity of First Statewide Realty.
Garrity, who has shepherded the portfolios of his high-end real estate investor clients through five recessions since the late 80′s, says that trends in sales come and go, but good investors learn how to make a good return even in tough markets.
“The difference between amateur investors and those with more experience is that the experienced ones learn how to grow their portfolio’s value in virtually any market. One way they do that is by making sure their portfolio is managed professionally.”
Gayle Sabin, one of First Statewide Realty’s senior property managers, agrees, saying that a common mistake of amateur investors is thinking that they can save a lot of money by managing the property themselves. She says in most cases, they end up costing themselves a lot more money and spending a lot more time involved in the day-to-day hassles of property management than they ever expected.
“Studies have shown that over the long term, portfolios managed by a professional property manager provide far greater returns than self managed properties. That’s both in terms of monthly cash flow and overall portfolio value.”
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, San Jose 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