Property Management Blog

Consumer alert

System - Friday, August 2, 2013
Property Management Blog

The rental market is tight and you have been looking for so long for a nice place to live. To your surprise a property is available and it meets all of your requirements and it is dirt cheap to boot. Lucky you? Probably not. Advertisements are being stolen from Craigslist and other sites. These advertisements are being recreated with new contact information and usually a lower rent. Most of these high-tech hijackers are doing their dirty work from Nigeria and other far off places but it happens right here at home as well. Don't be fooled. Here are some common sense rules to making sure you GET what you PAY for. 


-Be suspicious if you’re asked to only use a wire transfer service

-Beware of e-mail correspondence from the “landlord” that’s written in poor or broken English

-Research the average rental rates in that area and be suspicious if the rate is significantly lower

-Don’t give out personal information, like social security, bank account, or credit card numbers


Deal with only local companies whenever possible. Never deal strictly by telephone and never agree to send money without first making an appointment and entering the property with an agent or landlord. Any owner who wishes to rent his property out will have access to the property. The scheme is simple. The "Landlord" or owner, has been suddenly called away. He is perhaps, a missionary or he may work for the United Nations or for that matter the United federation of planets for all of you trek heads out there. Since his family had to leave so suddenly they were not able to prepare the house or hire a property manager. All of that is designed to make you dismiss any questions you might have once you actually drive by the property. The "Landlord/Owner" may actually have the owners name since that information is public information. If you do a title search for him you would see that his names matches that of the owner of the property. Don't fall for it

I have heard countless stories about this scam. So many people have lost thousands of dollars because they were not educated. I thought this information would be helpful. Lots of my information and my tips come directly from the FBI's website. Here is the article written in 2009. 

http://www.fbi.gov/news/stories/2009/july/housingscam_072909


Thanks for reading my blog.



Bad Security Deposit Bill Dies on Senate Floor.

System - Wednesday, May 29, 2013
Property Management Blog

Hello Bloggers,

We just posted this on the facebook page but here is a link to the California Apartment Association's website where this is posted. Take a look and thank a lobbyist  near you. Essentially this bill would have punished the landlord for very minor and innocent mistakes and would have made our job so much more difficult. I know this probably isn't the time but it points out the need to be on guard. Your property manager ought to inform you of these things so that you as an owner can act in your own capacity to fight this junk legislation. It prompted me to take quick look at some other bills that could affect our clients. In the coming weeks I'll do my best to educate you on some of these bills. Until then enjoy the article.

http://caapartments.org/senate-rejects-security-deposit-bill-in-wake-of-caa-opposition/


Rents continue to rise but at a slower pace 8 percent YOY

System - Wednesday, May 22, 2013
Property Management Blog

The 1st quarter of 2013 housing statistics are in for San Jose. After a quick review I can tell you that rents continue to rise but at a slower pace than we have seen in past quarters. As of the first quarter, the average price for a 3 bedroom, 2 bath is about $2,400.00 per month. A studio in San Jose averages approximately $1,330.00 per month. This is due to the fact that we have a very tight rental market. Last year during the first quarter the average vacancy rate was 3.8% This year the average vacancy rate is almost a full point higher at 4.7%. That is still good news for property owners. The natural vacancy rate is 5% and we are still below that and as a result rents remain Unaffordable for many. If you are school teacher you may not qualify to rent a 1 bedroom apartment in San Jose. Firefighters average about $80,000 in salary. With rents pushing upward they may not be able to afford a 2 bedroom property which averages about $2,150.00. There is also some good news as it relates to foreclosures. Trends reflect a long term downtrend with some very low statistical numbers for new filings. The sales market remains hot and inventories remain low there as well. This is pushing some owners to sell their properties. We recommend staying in the rental business of course. Low inventory in the sales market and in the rental market continues to push those rents upward. Now you have a summary of the report. Visit our website at www.calwestrents.com and click tools and resources to view the report for yourself.


Robert Collins

We are moving on April 1, 2013 Our new address is 5589 Winfield Blvd. # 130, San Jose, Ca 95123

System - Sunday, March 3, 2013
Property Management Blog

I am using every forum I can think of to tell people that our office is moving on April 1, 2013. If you are a current resident who likes to pay your rent by mail or if you enjoy coming by the office to say hi you will need to use the new address as of April 1, 2013. Cal West is joining forces with HMS Property Management. Together we will be able to provide the best property management services for San Jose, Santa Clara, Milpitas, Sunnyvale and other communities in the Bay Area. If you have a rental property in need of professional property management trust us to provide the management solutions your rental property deserves. Cal West and HMS are STRONGER TOGETHER.

 

Our new address as of April 1, 2013 is:

 Cal West Asset Management 

5589 Winfield Blvd. 

Suite # 130

San Jose, Ca 95123

Why we do what we do

System - Thursday, November 29, 2012
Property Management Blog

Friday, November 30, 2012

Why we do what we do

 

Good day Bloggers and friends. Our most recent newsletter has an article written by yours truly. I thought I would share it with the blogging community. Here goes.


Why We Do What We Do
By Robert Collins
Property Manager
Cal West Asset Management

Have you ever had a conversation with someone and during the course of that conversation discover what he or she does for a living? This is the standard man question when forced to converse at an 8 year-olds birthday party with your family. The first man, trying desperately to avoid making eye contact, will untangle his tongue, and gruffly ask, “So what do you do for a living?” Wow that does open up the floodgates! Some jobs sound really interesting, while other jobs make you walk away and say “I wouldn't do that job if you paid me a million dollars”. Plumbers have one of those jobs I just wouldn't do if you paid me.
The funny thing about perspective is that yours seems to carry the most weight when making these decisions. Property management is one of those jobs that people often refer to as "you couldn’t pay me enough" kind of career choices. Interestingly, a recent article by Forbes entitled The Happiest Jobs in America, ranks property managers the second happiest job in America, a virtual tie with the Executive Chef. Also, important to note that number eight on that list is an accountant. That might blow the credibility of the study if you ask me. Of course, I am a property manager, and I think they have a great point there, so I’ll give them the benefit of the doubt. One of the major factors in making it a happy job, as the article points out, is the opportunity to work with people. Property managers do that every day. More importantly, we provide a much-needed product to the community. Housing is one of life's major necessities right next to food, I believe. It is also a retirement vehicle for many of my clients, making it doubly vital to our economy. Now, I don’t define myself by the job that I do, but I do want to be proud of my work. I want to be a leader in my industry. I have some fears that motivate me for better or worse, to be the best I can be. It helps me to have purpose in my work and in my life. Our work purpose is simple. We intend to guard the asset of our clients vigorously. Our mission statement says it all.
“Realizing that the client’s property is among their most valued assets, Cal West is committed to providing comprehensive property management solutions in the South Bay.
We aim to achieve our goals through our extensive knowledge of market conditions, competitive rates, thorough tenant screening, and careful monitoring of each property under management.
Placing the emphasis on integrity, we conduct ourselves ethically and decently with each client, tenant, vendor, and employee. We believe that if we honor these principles we will continue to be the most respected name in the property management industry.”
That is not always easy and I must confess I am not always happy. Especially when I am reminded that property management is sometimes a thankless job or when my eight-year-old son asks me to smile more. But I awake everyday with a renewed passion and commitment to my job. Today will be better than yesterday. Besides, I already have it better than I deserve.

Invitation to come and see our new website

System - Thursday, August 2, 2012
Property Management Blog Hello again,

I want all our followers, clients and residents to know about our exciting news. We have a new website. Cal West has been providing San Jose property management services along with other communities for over thirty years. Our website, www.calwestrents.com has been a great tool to help residents and investment owners in the Bay Area for many of those years. But we want our website to be more than a billboard so we have made some really nice changes. The new site has a very useful tools and resources page. The new page provides a ton of information on market trends, links and more. There is also a calculator that helps investors determine the return on their investment and for residents a pro-rated rent calculator. But there is so much more.

Below is list of some other new features of the website:
  • Referrals page for clients, real estate agents and investors
  • New login page for online rent payers. Now you only have to remember one website.
  • New search tool located on the home page. Now its easier than ever to find that special property
  • Recently rented property section provides a nice summary of some of our most recent success stories.
We would love to hear your feedback. Take a look at www.calwestrents.com and send us inquiry with your comments. if you are seeking property management in San Jose, Sunnyvale, Cupertino, Mountain View, Milpitas, Morgan Hill or Gilroy we can put our experience and technology to work for you.

Talk to you soon,

Robert

HUV.gov Announces: The Lead Disclosure Rule

System - Sunday, May 13, 2012
Property Management Blog Congress passed the Residential Lead-Based Paint Hazard Reduction Act of 1992, also known as
Title X, to protect families from exposure to lead from paint, dust, and soil. Section 1018 of this
law directed HUD and EPA to require the disclosure of known information on lead-based paint
and lead-based paint hazards before the sale or lease of most housing built before 1978.

Types of Housing Covered?
Most private housing, public housing, Federally owned housing, and housing receiving Federal
assistance are affected by this rule.

Effective Dates
The regulations became effective on September 6, 1996 for transactions involving owners of
more than 4 residential dwellings and on December 6, 1996 for transactions involving owners of
1 to 4 residential dwellings.

Recordkeeping
Sellers and lessors must retain a copy of the disclosures for no less than three years from the
date of sale or the date the leasing period begins.

What Can You Do?
If you did not receive the Disclosure of Information on Lead-Based Paint and/or Lead-Based
Paint Hazards form when you bought or leased pre-1978 housing, contact 1-800-424-
LEAD (5323). 

Showing 11- 17 of 17

Cal West

5589 Winfield Blvd, Suite 130
San Jose, CA 95123

Phone: (408) 997-7100 or Phone: (408) 978-5466
Fax: (408) 912-1675
DRE # 01428710

Copyright © Cal West. All Rights Reserved.
Property Management Website powered by FreeRentalSite.com | Contact Us | Sitemap