Property Management in Los Gatos, California
Los Gatos, California Details
Located in the southwest corner of San Jose, Los Gatos, California was recently cited as the “33rd wealthiest city in America” by Bloomsberg BusinessWeek. Historically an industrial location rooted in farming, milling, logging, the town is now home to not one, but two streaming and content facilitators, Netflix and Roku. This self-sufficient community has carved its rightful place in the Silicon Valley.
The mild, Mediterranean-like climate year-round draws high profile residents, including several NFL players, authors, actors, and many creative minds. Legendary heroes Todd Beamer and Mark Bingham are among Los Gatos’ famous residents, and are credited with the take-down of the terrorists of Flight 93.
98% of Los Gatos residents have obtained a high school degree, with a majority earning their bachelor’s degree (68%) and 25% of the population attaining their master’s degree.
Los Gatos, California was established in 1840 by way of a Mexican land grant. Though the community spans less than 12 square miles, the tiny town is surrounded by and shares a zip code with mountains bearing the same name. Avid bicyclists can enjoy the over 20 miles of bike trails that grace the 100 square mile span. Despite its high profile residents, this California community is a low crime area with less than one percent of crimes in 2015 reported as violent, and only a single murder for the same year. The town is listed on the National Register of Historic Places and boasts many popular restaurants, including Manresa, which earned its third Michelin star in 2015.
The median household income for the years 2009-2013 was $122,476, with only 4.6% of its residents below the poverty threshold. Home rates have appreciated 229% since 1990 and in the last year, home appreciation was up almost 14 percent over the prior year. The evolution of the community from labor to the high tech industry is likely responsible for the significant increase in home prices. The median home value in the area is $1,717,000 and numbers are estimated to rise another 2.5% in 2016. 31% of the population resides in rental housing units and average lease rates range from $2500 for a single bedroom townhome to upward of $5,500-$9,000 per month to rent a single family home, making for a sound investment for property owners in the area.
Call us for a comprehensive market analysis of your rental property.
Los Gatos Property Management
Our property management team specializes in residential areas throughout Los Gatos, CA. We offer multiple services to take your rental property and convert it into reliable income. We have a thorough screening process that helps to identify the right tenants for your property. Our team works hard to keep both parties happy through effective communication, bullet proof lease agreements, and timely monthly rent collection. We offer maintenance services to enhance the property and ensure that it will retain or increase in value. We oversee everything, allowing you to sit back and relax and know that your property and your tenants are in good hands. Contact us today if you are ready to receive a comprehensive analysis of your rental property and to inquire about our Los Gatos area property management services.