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.
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 email@example.com 916-203-1260
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, Orangevalethat 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 firstname.lastname@example.org
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 email@example.com
If You Are an Investor and Own Rentals, Don’t Ignore Stuff. These people did and now they’re on the Front Page above the fold in the Sacramento Bee.
In fact you’ll be surprised how much attention you’ll get.
I thought I’d share my thoughts on this issue. When you buy any kind of Residential Rental property, don’t ignore repairs and always keep up and maintain your property.
If you don’t maintain your property and are like the folks that are the subject of these videos and the news stories, you’ll get lots of the same negative publicity and worse big time law suits.
Reminds me of a story from a few years ago. An Apartment Complex in Rancho Cordovo had some of the same issues as here. Guess what…? They lost their investment… lawsuits and foreclosure besides being on TV and in the News. CLICK HERE for that story I wrote about a while back.
The Solution – Professional Management
As a Property Manager and Investor you’ll be glad you hired us or someone as good as us to make sure your properties are well maintained and in “compliance” with the various codes.
If you ignore issues on your property… which is what Slum Lords are accused of, together with the tight supply of rentals and rising prices out there…? Trust me you’ll be part of the problem that will invite more and more government oversight. Not just on you, the Slum Lord, but on the rest of us that invest in Residential Real Estate but maintain our properties. Is that what we want as an industry, more government involvement…?