San Jose, CA: The Capital of Silicon Valley
With 1,013,240 residents, San Jose is California’s third-most populous city and the country’s tenth-most populous city. It also serves as the seat of Santa Clara County, which is the wealthiest county in the state. As the capital of Silicon Valley, San Jose has a booming economy centered on the tech industry. Companies such as PayPal, Adobe Inc., Samsung, and Cisco Systems are headquartered here.
Aside from tech, San Jose is also known for its dedication to the arts, both visual and performing. Notable attractions include the San Jose Museum of Art, the Children’s Discovery Museum of San Jose, Opera San Jose, and Symphony Silicon Valley. The city also hosts the annual Cinequest Film Festival as well as the San Jose Jazz Festival.
Colleges and universities located in the city include San Jose State University, the California University of Management and Technology, the University of Silicon Valley, and San Jose City College. Other attractions include History Park at Kelley Park, Tech Interactive, Ira F. Brilliant Center for Beethoven Studies, the Portuguese Historical Museum, the Dr. Martin Luther King, Jr. Library, and the Winchester Mystery House.
What Is San Jose’s Rental Market Like?
As an affluent city with a high cost of living, it comes as no surprise that San Jose also boasts expensive housing. The median listing price for a home in this city is $1.1 million. And while there are many homeowners, San Jose still has a sizable renter population. In fact, 43.2% of the city’s residents rent their homes.
Image via towncharts.com
Apart from a wide pool of renters, another reason why rental property investors flock to San Jose is because of its high rent. Here, landlords can earn above-average rental income. The average rent for an apartment in this city is $2,735, which is a 4% increase from the year prior. Plus, a whopping 90% of apartments in San Jose command a rental rate of over $2,000.
Image via rentcafe.com
The vacancy rate in San Jose is also quite appealing. In 2019, the national vacancy rate was 5.97%, whereas the vacancy rate in San Jose was 4.88.
How a San Jose Property Management Company Can Help
As a desirable place to live and visit, San Jose unsurprisingly has countless rental properties. Behind these properties, though, there are usually landlords who feel overwhelmed with the amount of work it takes to manage their rentals. If you feel the same way, then perhaps it is time to hire a San Jose rental management company.
A rental management company can take over all of your duties as a landlord. If you lack time, expertise, or interest in rental management, professional help is the answer to your problems. What can a property management company do for you?
- Advertise your listing
- Screen and process tenants
- Oversee property showings
- Set and collect rent
- Create a lease agreement
- Perform move-in, move-out, and routine inspections
- Enforce your lease terms
- Manage maintenance and repairs
- Respond to tenant complaints
- Manage your budget
- Help with tax calculations
- File evictions
In Need of Property Management in San Jose?
If you are looking for a property management company in San Jose, Rental Choice is the right place to start. Browse our online directory to begin searching for rental management companies in your city or state. Trust that we only list established and reliable companies that offer quality services!