Oklahoma City Real Estate: Cupertino rentals

Showing posts with label Cupertino rentals. Show all posts

Friday, February 15, 2013

Physical Assets Like Real Estate Perform Well In Inflationary Economy Says Cupertino Management Firm

CUPERTINO, Calif. - With the Federal Reserve promising continued Quantitative Easing, Washington jargon for printing money, a local real estate investment expert says physical assets may be the best way to navigate the next four years.

Jerry Garrity, President of First Statewide Realty in Cupertino, says there is always a flight to tangible assets when the value of a currency declines.

"Unfortunately, most people don't read the news, and even for those who do read the news, they are not necessarily picking up on reality of what the Fed is doing. They are essentially making the dollar worth less with each round of QE. I don't want to sound alarmist, but if you do that long enough, the dollar will become essentially worthless."

Garrity says that the reason investors often move their capital to tangible assets like real estate and gold is that these items generally retain their value over time.

"While the price of the dollar may fluctuate wildly, the underlying tangible asset tends to have some stability to it."

He's not one to prognosticate on what the future holds for the U.S. economy in the coming year, but his recommendation to be prepared has served him and his clients well through his long career in real estate investing.

"I've managed properties for some of Silicon Valley's most seasoned investors, and there's one thing the best ones have in common. They hedge against rocky economies by growing their portfolio of real estate assets over time.

About First Statewide Realty

Jerry Garrity's First Statewide Realty is a seasoned expert in property management whose expertise has been featured in the Wall Street Journal and other publications. His Silicon Valley property management company specializes in managing single family homes, condominiums, townhouses and other investment property. Services are provided for all of Silicon Valley, including San Jose, Sunnyvale, Santa Clara, Campbell, Mountain View, Los Altos, Saratoga, Cupertino, and Los Gatos.

The firm has been in business for over 21 years, and is a member of the Santa Clara County Association of Realtors, Silicon Valley Association of Realtors, National Association of Realtors, California Association of Realtors, Tri-County Apartment Association and National Association of Residential Property Managers.

Jerry Garrity
First Statewide Realty
20045 Stevens Creek Blvd.
Suite 2-D
Cupertino, CA 95014
Tel: 408-253-1000
Lic#: 01036982
Email: investments@firststatewiderealty.com
Website: http://www.firststatewiderealty.com

Tuesday, May 1, 2012

Recession Fears in Europe Leads US Investors To Flight To Quality Says Bay Area Property Manager

CUPERTINO, Calif. - News of weakness in the European economy and a U.K. double dip recession has caused U.S. investors to flee to quality in their investment decisions, according to Bay Area property manager Jerry Garry of First Statewide Realty.

Garrity, whose property management firm in Cupertino has served real estate investor clients in the Bay Area through five past recessions, says that historically good prices and low interest rates have brought investors into the market in a big way.

"I call it a flight to quality. When a bubble bursts, as it did in 2006 and 2007, the masses run away from it. As the bubble recedes, the serious investors with narrow criteria for choosing quality investments start coming in to pick up the pieces."

That's what he says is happening right now, as the more savvy professionals in the business seek out the best deals with the best cash flow.

According to Greg Garrity, one of First Statewide Realty's property managers, the firm's clients are always careful to select only quality deals, and to protect their investments with experienced property management services.

"Our clients are among some of the most successful residential real estate investors in the state, and they know that property management, especially in a recession, is a necessity. Good management doesn't cost money. Good property management adds value, increasing cash flow over the long term."

About First Statewide Realty

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Wednesday, February 22, 2012

Cupertino Property Management Firm Says Low Vacancy Rates Increasing 2012 Investor Demand

CUPERTINO, Calif. - Cupertino property manager Jerry Garrity of First Statewide Realty sees continued low vacancy rates in the Silicon Valley boosting investor demand in the region's real estate market.

Garrity, whose Cupertino property management firm has helped real estate investors' portfolios survive and grow through three decades and five recessions, says the rental market is expected to stay strong through 2012, because there are still more backlogged foreclosures coming on the market from banks.

"Now that the big banks have made a deal with the Justice Department on how to resolve backlogged foreclosures, there will be more owners forced into the Cupertino rentals market."

As a result, Garrity says investors have been taking up the slack by purchasing bank owned properties at low prices in a record-low interest rate environment.

"This is a market where I look around and see opportunities. The savvy investor who understands the value of having a professionally managed real estate portfolio can really grow their wealth during times like this."

He says the mistake most inexperienced investors make is thinking they can save money by self-managing their rental property.

"Property management services actually protect the investment, and over time, can increase its total cash flow, because we are experts in efficiency. From screening renters to maintaining the property, we take seriously our job of helping our clients maintain positive cash flow through the lifetime of their investment, even during recessions."

About First Statewide Realty

Jerry Garrity's First Statewide Realty is a seasoned expert in property management whose expertise has been featured in the Wall Street Journal and other publications. His Cupertino property management company specializes in managing single family homes, condominiums, townhouses and other investment property. Services are provided for all of Silicon Valley, including San Jose, Sunnyvale, Santa Clara, Campbell, Mountain View, Los Altos, Cupertino, Saratoga, and Los Gatos.