Why buy & hold rental properties on the San Francisco Peninsula?

As a sales brokerage and property management company, we see that most of our buyers & landlords have these top desires:

• simplify their rental property holdings
• have stability and security over other markets
• have the most qualified pool of potential tenants in the Bay Area (and arguably the country)

This is why we have hundreds of landlords in San Mateo County

What Peninsula Landlords Have Found Out

In a nutshell, hundreds of our clients view their San Mateo County property as an ideal store of value.

Many of our hundreds of ongoing clients have compared the following

• Bay Area-wide property values and rental incomes versus the Upper Peninsula
• Holding mixed-use or rent-controlled single-family property elsewhere versus in San Mateo County
• Hidden costs elsewhere versus updated single-family or updated rental condos on the Peninsula 

For example, for condos, HOA dues cover important improvement costs (roof and other), general maintenance, common area upkeep, and amenities. In comparison, a single-family or duplex should have a reserve amount that is commensurate with owner upkeep costs. With a condo, those big-ticket items are generally already accounted for in the reserve study and dues. This means that, despite their 'bad rap' for higher costs, essentially condo owners participate in economies of scale when purchasing and holding rental properties. 

What many owners realize is this:

• The rental income difference between San Mateo County and elsewhere around the Bay can be several hundred, and even up to around $1,100 / month, or $13,200 more in rent annually(!)
• The acquisition costs are not necessarily always higher than in other Bay Area markets
• The pool of professionals seeking readily available, quality housing is very favorable on the San Francisco Peninsula.

For a lot of self-employed owners, investors, or retirees who hold real estate, many clients have found that the most ‘hands off’ rental property they could possibly have is in fact a managed single family OR condominium unit. Updated single-family units do not have the same headaches as multi-units. With condominiums, the big-ticket items are managed, budgeted, and handled by the HOA, while the interior items, and issues such as advertising, tenant screening, and rent collection, are coordinated with their property manager - us! 

This 'boring' model also works very well for long-term, inter-generational transfers or sales after a client’s passing, depending on the needs and desires of the beneficiaries.

HERE IS A LINK TO A DESCRIPTION OF OUR MANAGEMENT.

While we advise buyers to make their own judgment regarding the best investment options for themselves and their needs, we have seen the Upper San Francisco Peninsula being perceived as a robust and time-proven safe harbour for most of our landlord investors.

Top Tech and Biotech Employers on the Upper Peninsula include 

Next Steps for Buyers & Budding Landlords

Talk to us today to see if the acquisition of rental income properties are the right fit for you.

Call and/or email us TODAY for a no-obligation consultation: we can give you a very detailed overview in very little time to determine whether this may be an attractive option for you. If it's not, no worries - an experienced sales & management company that is built solely on long-term success and benefit, a brief inquiry like this is our pleasure in assisting you either way.