Property Management Is the New Trend in 2014

Property Management Is the New Trend in 2014
By [http://ezinearticles.com/?expert=Ken_Bosworth]Ken Bosworth

Buyers are facing a tough battle when it comes to purchasing a home these days. The real estate market is low in inventory, high on demand, and its forcing many buyers to rent homes for more than they would ever dream of renting for.

The real estate market is a challenging place in 2014. Many potential buyers have found themselves in bidding wars against not only the average joe home buyer but investors as well. This has made buying a home extremely difficult. In highly coveted areas, like the city of San Francisco, you will see properties where bidding is $100,000 more than the home is valued, and those numbers keep rising. This has forced many people to settle for homes outside of the city, renting homes in place like Oakland, Berkeley, or Piedmont in some of the more well established areas.

Property management in Oakland and surrounding cities has seen an influx of investors seeking to take advantage of the rising number of renters and increased rents that seem to outpace mortgages. It is now cheaper to own a home than it is to rent, but how long will this last? Property Management companies in Hayward, along with San Leandro have more clients than ever.

Is this sustainable? There are approximately 2 million more people slated to come to California in the coming years. Can the housing market keep up with the pace? Or will the [http://blackdiamondholdings.com/property-management/]property management boom flourish for years to come?

Ideally, if you find yourself in the unlucky position of having to rent a home, make sure to do all your home work and find a property management company that has been in the business for some time. Renting from investors directly is tricky, and you can find yourself paying a pretty penny in rent but not getting the service you need when something goes wrong in the home. A reputable property management company is the only way to go in a market that is chalked full of amateurs.

I personally found myself without heat for 3 days when dealing with a less than eager please landlord. After our refrigerator went out and he refused to fix it, I knew we were in trouble. He refused to extend our lease because we want him to fix the problems that would arise in the home. Just one year later, we were forced to move again. Thank God that we did! We now live in a home that is managed by a great company and that takes care of the property. After just one month, they replaced the carpets, repaired the sinks and toilet, and put in a new fence. I am confident we will get the help we need, when we need it.

Choose a reputable company like Black Diamond Holdings in Oakland for your property management needs if you reside in the San Francisco Bay area.

Article Source: [http://EzineArticles.com/?Property-Management-Is-the-New-Trend-in-2014&id=8657606] Property Management Is the New Trend in 2014