San Ramon Property Management
Do you currently own a rental property in San Ramon, CA or are you seriously considering the idea of investing in one? With the current conditions in the local housing market, you can expect huge returns on your investment by renting out residential and commercial buildings in the area.
Despite a healthy outlook on the industry, you need to have the right knowledge and connections and put in the time and sweat equity to make it work. You can’t just invest in a rental, accept the first applicant that comes in, and wait for the checks to arrive. It simply doesn’t work that way.
Does this make you want to forget your dreams of becoming a landlord? If you’re not confident enough that you have what it takes to be a great landlord, there’s a viable solution to the problem. Consider hiring a professional San Ramon property management company.
San Ramon, CA: What You Need to Know
Located 34 miles east of San Francisco lies the 4th largest city in Contra Costa County – San Ramon City. With its dense suburban feel, safe neighborhoods, strong local economy, and highly-rated public school system, San Ramon is undeniably one of the best places to live in California. In fact, it was recognized by Niche.com as the 16th Best Suburb to Raise a Family in California, the 30th Best Suburb to Live in California, and the 48th Suburb with the Best Public School in California.
The local economy in San Ramon is going strong and the trend is expected to continue for the next ten years. San Ramon recorded a 1.4% increase in the job market over the last year and is predicted to experience a 34.7% average job growth over the next 10 years. Clearly, this is significantly higher than the average national job growth rate which was predicted to reach 33.5% over the same period.
Some of San Ramon’s top employers include Chevron Corporation (which accounts for 12.28% of the city’s total employment), AT&T Inc. (6.15%), Bank of the West (5.61%), Robert Half International Inc. (3.86%), and Accenture PLC (2.63%). Pacific Gas & Electric, San Ramon Medical Regional Center, GE Digital, Primed Management Consulting, and IBM are also among the city’s top employers.
San Ramon residents receive higher incomes compared to the majority of the country’s work force. With an average annual income of $51,569 (national average is $28,555) and median annual household income of $129,062 (national average is $53,482), it isn’t surprising why a lot of people choose to live here.
According to the 2019 data of the US Census Bureau, San Ramon has a population of 75,995 (up from 44,722 in 2000).
Why Invest in San Ramon Real Estate?
With a Redfin Compete Score of 93, the San Ramon housing market is definitely ablaze! Due to the extremely high demand, the average home sells for about 8% above the list price while hot homes can sell for as high as 14% above the list price in 8 and 6 days, respectively. Additionally, most homes get multiple offers with waived contingencies.
Considering the skyrocketing home values, 28% of the city’s population opt to rent. At present, the median rent is placed at $2,391 which is more than twice the national average of $1,062.
Evidently, there is a huge income potential in investing in rental properties, so don’t waste your chance. Hire a credible property management firm in San Ramon, CA to grow your rental business without having to worry about anything.
How to Boost Your Income Potential
Ask anyone in the industry and they’ll tell you that there is money to be made in renting out residential units and commercial spaces – if you do it right. After all, being a landlord requires serious skills, the right connections, a good measure of patience, dedication, and a lot of sweat equity.
Thus, you can expect to encounter multiple (and sometimes seemingly insurmountable) challenges when you are starting out in the business, manage multiple properties, or live at a considerable distance from your rental properties. You may also experience difficulties if you don’t know how to find good tenants, have zero or limited knowledge of state housing laws and regulations, or haven’t established a network of trusted contractors.
While these issues and limitations may feel overwhelming, don’t give up. There is a simple yet effective way to solve all your problems. You can turn things around and maximize your earning potentials by working with a rental property management firm in San Ramon CA with a proven track record in the industry.
Looking for a Trustworthy San Ramon Property Management Firm? Choose Tenant Planet
There may be numerous San Ramon property management companies out there but there’s one that clearly stands above the rest – Tenant Planet. What makes us different? Well, for starters, we don’t operate like the traditional management companies. We believe that the old approach is already irrelevant at this time and age and know that there is a better way to serve our clients.
We want to set a new standard in the industry and that’s exactly what we’ll give you: better service through innovation and modern technology. By revolutionizing the industry, we guarantee that our clients will get the best possible returns from their investment.
The property rental business holds tremendous income potentials but you have to put in a huge amount of effort to achieve your goals. Can you make that commitment? Not everyone can so if you’re doubting your capabilities or need help in any way, you can always turn to us and we’ll do our best to make your investments work for you.
If you’re interested in what we have to offer and want to learn more about us and what we can do to help you on your project, please feel free to Request a Proposal or call us at (619)427-2400. For other questions and comments, email me at parker@tenantplanet.com.