Sacramento Area Adding Jobs Good News for Real Estate Investors

Adding Good Jobs Help the Housing Market.

If you are an “out of area” Investor or a potential buyer looking to move into this area, you’ll want to know if there’s an economy here that’s adding jobs.

If you were to own a rental it’s nice to know that there will be jobs here so that people can afford to pay the rent you will charge them.   This is true if you own a Duplex, a Four Plex, an Apartment complex or even a Single Family rental home.  If they don’t have jobs they can’t pay the rent.

I thought I’d share this short article from the Sacramento Business Journal to illustrate the economy here.

Chinese solar company to establish McClellan plant, bring 200 jobs

This story is a prime example of what “re-use” of some former Military Bases in the Sacramento area that were closed in the 90’s, Mather AFB and McClellan AFB.  jobs

Mather is now a commercial center and is also being used as an “air freight” facility while McCellan has a mix of industrial uses.

As a Real Estate Investor it’s nice to know that your investment in this region would be a good one that will grow in value because we’ve got the jobs here as well.

If you are thinking of Investing, Buying a home here, or Selling a property here, please call me at 916-203-1260 ( I take text msg’s too) or drop an email my way at Favinger@rwnetwork.com

 

In the mean time…?

Make it a Great Day

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

 

Why You Should Be Investing in Sacramento Single Family Houses, Duplexes, Four-Plexes & Apartments…?

It’s a Landlord’s Market Right Now – And It’s only February – Now is the best time to buy .

Have you thought about Investing in the Sacramento Area’s Single Family Home Rental market, or maybe a Duplex, perhaps a Four Plex or even a Small Apartment Complex…?   If you have, then let me show you how smart you would be if you were to buy in the Sacramento market today.

Usually this  time of year when  a tenant moves out and we have to get it re-rented it’s kind of slow and takes a little longer.   Not this year though.

Our Property Management Company, Haven Properties has leased up in the month of January approximately 10 units.

That inventory included Single Family Home rentals in Folsom, Citrus Heights, a couple of 4 plex apartments in Rancho Cordova and several Duplex  rentals in Citrus Heights, Sacramento and Fair Oaks.

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1089 Kantne Way, Folsom – Recently Leased up for $2,300 + Tenant Pays Folsom Utilities

Want more examples…?

Earlier today we had a gentlemen walk into our office with paper work to support his application that he had completed “on-line” at HavenRents.com.

We’ve had people call us regarding properties we’ve leased up over a month ago that are still on-line in various website portals that we syndicate to.

Another lady called me about 10 minutes ago as I write this looking for a house while she’s been living in a hotel for 3 months.    I told her what I’ve told a lot of people trying to find a decent rental…“you have to almost know someone inside to find a decent place to rent.”

Bottom line, if you own a rental property now and you haven’t raised the rents in a while because you are worried about losing a tenant and not being able to re-rent again quickly…?

Forget about it because, mostly likely,  the current tenant will stay unless they can’t afford it.   The reason…? Once they start looking around, they will see they have a really good deal even if they have to pay a little more.

So… if you’re thinking of Investing in a Duplex, a Four-Plex, a Single Family Home rental or even a small apartment complex call me today and let me help you get the right Real Estate Investment for you.

Interest rates are low if you need financing.  If you have a lot of $$$ in a low performing 401K, you might want to consider Rental Real Estate to see if it would perform better.

Please call or email me and let me show you how investing in the Residential Rental Market might be the best thing you ever did.

 

In the Mean Time…?

Make it a Great Day…!

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

Sacramento Apartment Market Projections – 2017

Just passing on an article and information I just received.

If you’re thinking of getting into the Multi-Family Housing market as an Investor and you’re new at it, I’m sure you’ve thought a lot and hopefully have done some research.   You can always contact me for more information and set up a time for a free consultation.

The Sacramento Apartment Market is one of the top 20 in the nation and is still affordable especially compared to some markets in the San Francisco Bay Area.

In our market we find it’s hard to find a 2 bedroom 1 bath apartment unit with lots of amenities for under $1,000 per month.

To get an idea of what we have for rent go to HavenRents.com and you’ll get a sense of what the prices are for various types of properties we currently have available.   You can also go to the “rentals page” here on this site.

I received and thought I’d share a 2017 market projection from CBRE, a large real estate investment company that works in Retail, Office, Industrial and of course Multi-family projects through out the the country.

CLICK HERE for that article and go to Page 31 for their “Multi-Family” projections.   I think you’ll appreciate their findings and conclusions.   It looks to me like the Sacramento Region’s Multi-Family market should remain strong.   I think this remains especially true in the smaller multi-family units, such as Duplexes, Four-Plexes or small apartment complexes.   Why…?  Because they haven’t built any in the last several years.   Sacramento Duplexes/Four-plexes for sale don’t stay on the market very long.

So if you have stumbled on this blog site and are thinking of investing in the Residential Real Estate Market in the Sacramento area please contact me at anytime.    We specialize in the Sales and Management of Single Family Homes, Duplexes, Tri-plexes, Four-plexes and small to medium sized apartment complexes.

In the Mean Time…?

Make it a Great Day…!

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

 

Residential Rental Market Still Hot Doesn’t Matter Even if it’s in Winter Around Christmas Time

High Demand for Nice Places With Multiple Applications is Still the Norm…!

I was amazed at a recent showing of a 2 bedroom 1 bath apartment in a Four-Plex located at 2627 El Parque, Rancho Cordova.

Our Property Management unit schedules showings and if tenant prospects are there or  not, we hang out for about 20 – 30 minutes before we leave.   Our sole advertising is via the web through our various syndicators that our website providers have hooked us up with.

Here’s a short video of that unit.

When I got there a couple of days ago for the scheduled time there were people waiting to get in. This is not unusual and as of today we’re processing two applications.

We also showed a Duplex located at 9669 Lake Natoma, Orangevale that we had not even finished doing the turn over fix up and yet we got 5 applications when showing yesterday in the middle of a rain storm…!

Here’s a short video of that unit.

 

And interestingly this morning I got an email alert from the Sacramento Business Journal with an article written by Ben van der Meer.   Click Here for his short article. Rents may slow down some but no one really knows for sure.

All we know is that if we have a nice rental to present that’s well maintained, you’ll get top dollar and have a short turn over even in Winter. It’s like I have said many times before when talking about the “rental market” here in the Sacramento region“If you’re a renter you almost have to know somebody to get in a nice place”.

So if you’re thinking of jumping into the Residential Rental Market in the Sacramento area, rest assured you’ll be able to a good return on your investment here.

We specialize in Single Family Homes, Duplexes, Four Pelxes and Small Apartment Complexes in Sacramento, El Dorado and Placer counties so all me at 916-203-1260 and let us help you find the right investment.

In the mean time..?

Make it a Great Day..!

Ed Favinger, Broker, 916-203-1260    favinger@rwnetwork.com

 

Sacramento Area is the Best Area Residential Real Estate Investors

In An Improving Economy – Not Enough Homes – Creates Higher Prices & Rents.

If you’re a San Francisco Bay Area home owner or investor and looking for a place to move to or invest in, you can’t really beat the Sacramento Area.

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Two Homes On One Lot in Cameron Park Managed by Haven Properties

Prices and rents have gone up but are still a bargain when you compare them with Santa Clara, Contra Costa, San Mateo, Alameda and San Francisco Counties.

Just take a peek at what you can buy here in Folsom and compare that where you live in the Bay Area.

If you’re an investor, you can still get a decent Duplex or Four-plex for under $400,000 and have a “cash flow” which is unheard of in the Bay Area now.    Foreign Investors are just parking their money in the Bay Area in hopes of higher appreciation down the line, but they don’t have a decent cash flow return in the mean time.

I thought I’d pass on this article from the East Bay Times.    Maybe it’s time to Move here and/or Invest here…?

And Finally…. The two things we don’t have as bad as the Bay Area….? 1. No Rent Control… 2 And Bay Area “traffic”.

In the mean time…?

Make it a Great Day…

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