A Green Energy Scam – Buyer Beware…!

Is Being Stuck with a 20 Year Loan on Today’s Tech a good idea…?

I’m not a big fan of the Green Energy movement because it’s just too expensive when you consider the other forms of energy that are so much cheaper and much more abundant.

English: Photo of the old Folsom (California) ...
Photo of the old Folsom (California) Powerhouse on the American River, as taken by M.Mierzwa in June 2006 and released to the public domain. MCalamari 16:42, 21 September 2006 (UTC) (Photo credit: Wikipedia)

However I know many people like to think of themselves as being good stewards of the environment so FHA has come up with a program.

If you’re thinking of Selling your home here in Folsom or anywhere else in Sacramento County in the near future…?   You should be sure to have all questions  answered if you’re thinking of financing Solar Panels or any other qualifying Green Energy system.

Just passing on this advice.

Take a look at the video from Frank and Brian below that explains it better than I can.




Is It a Good Idea to Purchase a Home Protection Plan for Sacramento Duplexes and Four-plex Investment Properties.

Buying A Sacramento Duplex or Four-Plex…?  It’s Absolutely a Good Idea to Insure At Least The Air Conditioning…But Don’t Rely on Them for Everything…

Recently our Property Management Company, Haven Properties, experienced what we would call some “bad service” from a Home Protection Plan company that has been around for a long time.

The tenant of a Duplex called a Service Request in for a stopped up and leaky toilet on Monday the 26th.  shutterstock_195491885 The owner had purchased a Home Protection Plan to help mitigate any expensive repairs that might occur during ownership.

Property Management had the account number, made the service request to the Home Protection Plan Representative,  gave the contact information to them and made arrangements to pay the “deductible”.

It all went smoothly except they didn’t get out there for over 48 hours to fix the toilet.   How would you like it if that was your problem for almost 3 days…?

As a result of this incident we’ve decided if a Home Protection Plan is giving out poor service as was this case, then you as a Landlord will have to take action in my opinion.

Remember, plumbing issues are not something you can really put off.   Now I know it might cost you more because of the “in-action” of the Home Protection Plan,  you’ll have a very happy tenant in the end.

Let me know what you think…?

Don’t Forget…We Specialize in Duplexes and Four-Plexes for Sale in the Sacramento Area.   Need Property Management..?   Check us out at HavenRents.com

In the Mean Time…?

Make it a Great Day…!

Ed Favinger, Broker, CRS, GRI, SFR, CDPE



Want Higher Rents in Your Sacramento Area Duplex…?

 Higher Rents Will Boost the Sales Price When You Sell

I profiled a Duplex for sale located at 2719 & 2721 Bravado, Rancho Cordova in an recent Blog Post dated August 22.

Well here’s the here’s the update…!

After 52 days on the market starting at $259,000 it’s still for sale and they have lowered the price to $240,000.   The current rents for this Duplex for sale are at $850 and $900 for a 2 bedroom 1 bath unit on each side with a 1 car garage.

When I wrote about it originally a month ago our Property Management Company was in the process of helping one of our investors complete some landscaping repair and enhancement to his Tri-Plex directly across the street at 2720-2722-2724 Bravado.

Below is this video of the Tri-Plex landscaping work that was completed.  Before and After.


Now…I think you’d have to conclude curb appeal does help you get higher rents and therefore a higher sale price.

Because,  when we completed this work, we gave all the tenants a rent raise notice.   We increased the total monthly rent another $300.  Not one of them wants to move.  Their average is $1000 per month and they are smaller units than the Duplex.

This Duplex owner could have done this work a year or two ago and had higher rents all along.   It probably would have sold for near his asking price or maybe more, but he didn’t.

I think this could be the right deal for the Investor who wants to “add value” to an investment.    You increase not just the value when you do, you then are a contributing part of a neighborhood with “pride of ownership”.  You will get a much higher return in the long run and feel good about owning a nice property.


What do you think…?

In the Mean Time….

Make it a Great Day…!

Ed Favinger, Broker CRS, GRI, SFR, CDPE  916-203-1260



Rents Are Up… Big Time… We Lead the Nation with the Fastest Growth Rate

Not So Good if you’re a Renter, Great if you’re an Investor

If you would take a minute and do a quick Google Search for key words, Sacramento Area Residential Rental Rates, you’ll get a nice long list of articles about the increases in Rental Rates in our Region.

What caused me to write this quick post is I’m adding one more article that you should read that makes my point about Supply and Demand.

Our team specializes in the sale and management of Duplexes, Four-Plexes, Small Apartment complexes along with Single Family rentals  all over the Sacramento Region.  Besides Sacramento and unincorporated areas of Sacramento County, such as Carmichael and Fair Oaks, we manage property in Folsom, Cameron Park, El Dorado Hills, Roseville, Lincoln, Rancho Cordova (the best kept secreat area in my opinion) and West Sacramento.   Go to HavenRents.com and you’ll see what we currently have available for rent.

It doesn’t really matter where you go in this area, rents are up…”big time”.   We’ve had as many as 5 or 6 applications to rent on some of our inventory.

CLICK HERE and check out this article which will reinforce my argument, which is….   “They haven’t built enough housing, especially the kinds of Duplexes, Four-Plexes and Small Apartment Complexes like they did in the past.

If you’re an Investor looking for a rental property, please call me.   I will say you can still find a decent deal out there, but, you will probably pay Top Dollar.   However, guess what…?  You will have the confidence you can raise the rent if you need to.

In the mean time…?

Make it a Great Day…

Ed Favinger Broker, CRS, GRI, SFR, CDPE    916-203-1260  favinger@rwnetwork.com


Do You Think The Curb Appeal of This Duplex is a Plus or a Minus…?

Would you put this on the market the way it looks now…?   Would a Tenant Pay More to Live There…?

I just had to pass this on to those folks that are thinking of buying a Residential Investment, such as a Duplex, a Four-Plex or an apartment complex or even a Single Family Home.

People will make an instant judgement about a Duplex for Sale just about as soon as they pull up to the curb.

This Duplex I’m profiling here today is located at 2719 & 2721 Bravado Drive, Rancho Cordova.  Despite it’s poor curb appeal, it’s on a corner lot that backs up to one of our other Investors who have been outstanding in helping create a nicer neighborhood.

In this slide show, we’ll show you the “subject property” and then you’ll see the other units our Property Management company currently maintains.

This Duplex closed escrow back in December of 2013 at a sales price of $161,000.   The new owner hadn’t done much if anything since he’s had it but,  now wants absolute top dollar.    His rents currently are at $900 and $850 per month and they should be at $1,000.

Generally in my opinion, I think investors who skimp on curb appeal and landscaping are leaving dollars on the table in returns they would otherwise have received.   Not only in a higher sales price, but higher rents during their ownership as well.

Tenants will pay more for a nice pad.    Let’s see if he gets his price because I think it’s worth no more than about $245,000.

CLICK HERE for a proforma cash flow analysis.  It’s really ugly in front but just needs some TLC…..    So, overall,  I think this could be a nice investment given that the surrounding properties have a lot more “pride of ownership” then this owner and it won’t really take that much to bring it up to par with the neighbors.


Let me know what you think.

In the mean time…?

Make it a Great Day…!

Ed Favinger, Broker, CRS, GRI, SFR, CDPE   916-203-1260    favinger@rwnetwork.com