Last updated 1 day 6 hours ago
While moving into your very first apartment can be an incredibly exciting process, it can also be confusing and overwhelming from time to time. Fortunately, there are several simple steps that you can take to make sure that your big move goes as smoothly as possible. Here are some helpful tips for renting your first apartment.
Create a List of Must-Have Features
Before going to look at apartment rentals in the San Jose area, write down a short list of features and amenities that you consider to be essential for your future home. Keep in mind practical items such as a washer and dryer unit, a secure premises, and close proximity to work before writing down luxury items like granite countertops or stylish faucets.
Budget Your Monthly Expenses
One of the most important steps to take before selecting an apartment is to set a budget. When creating your budget, be sure to factor in not only the monthly rent for a rental property, but also utility costs such as heating, gas, electric, and Internet, if those items are not already included. As a general rule of thumb, never rent a property that costs more than 25 to 30% of your income on a monthly basis.
Ask Plenty of Questions
When looking at rental properties with help of a San Jose property management team, don't shy away from asking plenty of questions. It's important that you find out all you need to know concerning security features, deposits, parking, and the general terms of your rental agreement. A respectable management company will be more than willing to answer even your most detailed questions.
Whether you're a first-time renter or you've been renting for years, the team here at Western Property Group can help you find the right property in the San Jose area. We have more than 35 years of experience serving clients throughout the Bay Area. Call us at (888) 717-7205 to learn more about where our properties are located.
Last updated 8 days ago
It may be tempting to snatch up the first prospective rental property you find to grow your business as quickly as possible. However, you’ll benefit in the long run by taking a close look at the property and the surrounding area to make sure it will be profitable for you. First, determine whether the rental property is the type you prefer—single family, detached, etc.—and then consider the following factors.
Low Property Taxes
Visit the town’s assessment office to look up past records of property taxes on the houses or condos you’re thinking of buying. Most of the time, you’ll be better off selecting a house with low property taxes. However, if you plan to rent out in a high-income neighborhood, you can generally expect the taxes to run a little higher than the surrounding areas.
The rent you’ll charge is among the most important considerations when you buy a new property. It should cover all of your expenses, such as taxes, mortgage payments, and utilities (if utilities are included in the rent), and you should also make a tidy profit from it. Examine other rental properties in the area and determine if a rental rate comparable to those would be in line with your desired profitability.
Low Crime Rate
After you’ve determined whether the rental property would be profitable for you, consider whether it’s appealing to prospective tenants. Evaluate the crime rate in the area and ask the local police department if patrols are regularly in the neighborhood.
Decide which type of tenants you prefer when considering the neighborhood. If you prefer stable, long-term tenants, look for rental properties near good schools. However, bear in mind that renting out a property to students at a university may mean frequent vacancies. Check for local amenities and attractions, such as libraries, cafes, and gyms.
Low Vacancy Listings
If there are too many properties up for sale or rent in one particular area, it could be a sign that the area is undesirable for tenants. Look for a property in an area with low vacancy listings.
You can maximize your rental property business’s profitability by investing in the high-quality property management services of Western Property Group. Our family-owned and operated company handles the details so you don’t have to. To learn more about property management services in the San Jose area, call (888) 717-7205.
Last updated 16 days ago
Palo Alto is conveniently located north of San Jose. It was named after a historic redwood tree near San Francisquito Creek, which is also the location of the early Spanish settlers. Today, its 61,200 residents enjoy the Californian heritage of the town, with its artful blend of history and new innovations. Families can walk along its tree-lined streets, while entrepreneurs can take advantage of the booming technological businesses.
Palo Alto is an ideal place to invest in rental properties. The vibrant community is attractive to tenants and boasts numerous amenities. It’s also ideally situated near Stanford University. Your tenants can enjoy easy transportation with close access to international airports, the CalTrain system, and even bike trails. The urban landscape blends seamlessly with the region’s natural beauty; residents enjoy spotting aquatic life and birds around the San Francisco Bay Area.
If you are thinking of investing in rental properties in Palo Alto or other areas around San Jose, take advantage of the comprehensive range of property management services offered by Western Property Group. For a full listing of our services, visit our website or call (888) 717-7205.
Last updated 22 days ago
Many property owners require their tenants to have renter’s insurance, and for good reason. Although you may not think you need coverage for your personal possessions, remember that unexpected accidents could occur at any time. Plus, renter’s insurance can cover much more than just damage to your personal possessions. As an added bonus, renter’s insurance premiums are quite affordable. Compare different policies to find the best coverage options.
Damaged Personal Property
Renter’s insurance is primarily known for covering damage to personal property, such as your electronics, appliances, and furniture. For example, if the roof leaks and damages your TV, it would cover the cost of repairing or replacing it. Renter’s insurance also covers the total loss of items due to theft. Even though accidents may occur rarely, when they do happen, they can set you back financially. Obtaining renter’s insurance is a small price to pay for peace of mind.
Although the property owner is primarily responsible for repairing structural damage, you could be liable if the damage was your fault. For example, if you accidentally start a fire in the kitchen, it’s typically your responsibility to pay for the damage. Renter’s insurance can also cover structural damage under these circumstances.
In the event that the building is uninhabitable temporarily due to significant structural damage, you’ll need to find another place to live for the time being. Renter’s insurance can provide you with the means to secure temporary housing.
Did you know that you can be held liable if a visitor sustains an injury in your home? For example, if you own a dog who bites a friend of yours, you could be sued. Renter’s insurance offers financial protection in these types of circumstances.
Do you have rental properties in the San Jose area and need help managing them? Turn to the trusted experts of Western Property Group—a family-owned property management company with decades of experience and a full range of services. Contact us at (888) 717-7205 with any questions you may have. Our friendly agents are available five days per week to answer your property management questions.
Last updated 29 days ago
Unlike homeowner’s insurance, renter’s insurance does not reimburse you for damage to the rental property itself, since your landlord owns that. However, it does reimburse you for damage to your personal property due to a wide range of calamities, including vandalism. It will also reimburse you for the loss of your property due to theft. You’ll need to review your policy carefully to determine exactly what it will and will not cover.
As you will learn by watching this video, many of the problems renter’s insurance covers are pretty far-fetched. It’s unlikely that you’ll need to file a claim for damage of your possessions due to volcanic eruptions, for example. However, you might need to file a claim due to water damage if the roof leaks or the washing machine breaks.
Western Property Group offers exceptional property management services to landlords in the San Jose area. Give us a call at (888) 717-7205 and ask us about our tenant screening process, or visit our website for more information.