So You Have a Foster City Rental Property, Now What?

What do you do when you find yourself with a property that you’re not planning to live in?

We get this question a lot at Five Star Property Management. Usually, we’ll hear from adult children who have to move their parents or their grandparents out of the property that may have been in the family for generations. They’re not sure what to do.

You have options, and our job as a professional Foster City property management company is to help you think through those options and show you what the result could be if you decide to rent it out.
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Landlord Fears & Horror Stories and How to Avoid Them in San Carlos

Talking about landlord fears and horror stories is always a fun topic. One thing you should know is that it really gets overblown by the media and by some of the people you know. Everyone has heard that one horrible story about a rental property that was destroyed by a huge dog that also ate the kid next door.

These things typically don’t happen. And, you can make a lot of intentional choices to avoid problems like bad dogs and bad tenants.

The real risks when it comes to being a landlord are a bit more subtle, and today we’re talking about one of the best ways to avoid a horror story of your own.
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Self-Managing vs. Hiring a Professional San Carlos Property Manager

When you’re trying to decide whether you want to manage your own rental property or leave it to a professional San Carlos management company, you have several things to consider. Obviously, there are pros and cons to both options.

Today, we’re going to take a look at why you might want to manage on your own, and why you might want to reach out to a professional. Every investor and landlord has a different set of priorities and requirements, so the best decision for you will really depend on a number of personal factors.
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Signs you Need to Fire your San Mateo Property Manager

Unfortunately, in all relationships, things change.

Sometimes, they change for the better, which is great. But sometimes, they change for the worse, and that’s when action is required.

The relationship you have with your San Mateo property management company is no different. You might get to the point where your needs are not being met, and you may decide it’s time to look for help elsewhere. Today, we’re looking at some of the things that might make you consider re-evaluating your relationship.
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Short Term vs. Long Term Lease – What is the Difference in Burlingame, CA?

If you’re thinking about a short term vs. long term lease, you need to understand the risks and benefits of both. Typically, short term rentals are for things like Airbnb or Vacation Rental by Owner. They are basically a few weeks to a few months in length, versus a long term rental which is anything from 12 months to two years or even longer.  Read more

Best Ways to Market Rental Property for the Highest ROI in Burlingame, CA

Having a professional advertising campaign is the only way to go when it comes to marketing your rental property. We see a lot of homemade advertisements with photos that were shot on a camera phone or a handheld camera. Descriptions are lacking in detail, and there’s a failure to mention any benefits to living in the area or the home. Many of these ads don’t mention any rental criteria. That discourages someone from taking the next step, which is visiting the property.  Read more

Burlingame Property Management Education – Do You Need Insurance for Your Asset?

As a landlord, you need insurance for your rental property, and the higher the limits and policy amounts, the better. Read more

Common Mistakes Landlords Make that Can Cost Them Money in Burlingame, CA

Among the top and most common mistakes landlords make is rushing the process. Yes, it is painful when your rental property sits vacant, and yes it is painful when you have to evict tenant. It’s painful when you have to do repairs on the property. But, if you take your time and follow a process or hire a Burlingame property management company, most of these things can be eliminated. Read more

Property Management Duties and Responsibilities & Its Benefits in Burlingame

Personally, I like to think that the benefits of working with a professional property management company are that you have peace of mind.

Owning a rental property, especially in the Bay area, can be time consuming. It can also be a huge liability, and it can impact your overall psychological well-being. When a property is professionally managed and things are running smoothly, it’s nice to look at your bank account on the 10th of every month and see a check that has been deposited. There’s not too much you have to do except get a phone call or email every now and then with an update on how things are going.  Read more

Why It’s Important to Pay Attention to Rental Property Income in Burlingame, CA

In today’s environment, we’re seeing that the rental market is undergoing a bit of a contraction. Part of this is due to some of the trends in the overall rental market. It’s a good example of why it helps to have a finger on the pulse of the market. We do this every day as professional property managers. But, as an individual landlord, you may not be as in tune with how the market is behaving. Read more