Sacramento Millennials – Probably Going to Rent for a While Yet…

More old news from the Sacramento Bee

You know it was just a few days ago that I was opining about the rental market here in the Sacramento Region.

It’s supposed to be a great market if you are a Landlord.   I agree and I can speak with a little authority because our Property Management Company services about 350 units all over the area,  so we know what rents are and what tenants are looking for.

Sacramento River Front
Sacramento River Front (Photo credit: Wikipedia)

Anyway… Here’s an article from last Saturday’s Sacramento Bee, front page and above the fold that I thought I’d share with you to make my point.

Sacramento-area millennials are putting off homeownership

Every article I’ve read from trade publications around the country show this trend is going to last for a while… they say.

Here’s an article from the Sacramento Business Journal recapping some of the big “multi-family” deals in there area.

You’ve just got to know that if big funds are moving into large complexes the same fundamentals they see will work for small investors as well.

Bottom line…?    If you are thinking of getting into the Rental Real Estate market, it looks like you’ll do well and not have a big problem finding qualified tenants.

You will have competition from other rentals so don’t forget that you’ll need to maintain yours in great shape.

 

In the Mean Time…?

Make it a Great Day…!

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

 

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