Sacramento Residential Rental Market Update – It is Hot…!!!

Overflow of Multiple Tenant Applications Since the Start of the New Year.

If you are an investor in the Sacramento Residential Investment Market and have been actively looking for something to buy,  you know there’s been multiple offers presented on a lot of the inventory here.

The reason is simple… not enough supply.3d render image of houses with graph growing

While that is frustrating for some investors who are looking to get into the market because the economy here is good,  if you’re a renter….?

You’ll notice that rental rates have gone up for the very same reason and that you aren’t the only ones applying for the same place.

Our Property Management Company has experienced a serious up tick in rental applications on our available properties that started the day after January 1st.

Since  we specialize in  Sales & Management of Duplexes and Four-plexes for sale, Small Apartment buildings  and of course sales of Single Family Homes,  please call me at 916-203-1260 or drop a note my way at favinger@rwnetwork.com.

If you want to get into the Sacramento Residential Rental Market you could not pick a better time.

I’ll help find the right deal for you and since we manage these investments we know what income you can reasonably expect to get.

Maybe we can find something like the one below.

4 bedroom home in Natoma Station
184 Elkins Circle, Folsom – A nice 4 bedroom home in the Natoma Station Neighborhood

 

In the Mean Time…?

Make it a Great Day…!

Landlords Market in Sacramento Area – Bad News If You Are a Renter…!

Rents Are Up “Big Time”…So Start Your Search Early ..!

 

If you’re a Landlord/Investor in the Sacramento Area and recently tried to lease or rent up an apartment you were probably shocked at the responses.  Old news to us in the Residential Investment and Property Management business.rental search

Rents are up so much in the Sacramento Area and supply so low,  if you’re a person looking to rent, you’d better start your search very early and have any credit issues resolved first, because it is a “landlords market”.

You may not have heard but Landlords and Property Managers are experiencing “multiple” applications for just about every unit that comes up.

It doesn’t matter what kind of property we’re talking about either.   Our Property Management company has so many people seeking a Home/Apartment to rent that we have set  up a  “showing/viewing” schedule each week posted on the website instead of making specific appointment times when prospective tenants call.

On most occasions now days we have several prospective tenants come to those showings and many of them will bring a completed application as well.

This kind of Landlord’s market will make most investors smile.   So if you are thinking of getting into the Residential Investment market, this is a great time.   No one seems to know when the rise in Rental Rates will stop because there’s a lack of supply.

With an improving economy with lots of jobs and a lack of supply,  even paying more for the investment won’t necessarily be a bad thing.

Call me at 916-203-1260 or drop a note to favinger@rwnetwork.com and we’ll see if we can’t place you into an investment that works for you.

Now… If you are a prospective tenant with good income…?  May I suggest you think about buying because it will be better for you in the long term.    Call me and we’ll see if we can’t get you “pre-qualified” with the various loan programs that are available to you.

In the mean time…?

Make it a Great Day..!

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

 

Being A Landlord Is Easy When Tenants Have Jobs…!

Unemployed People Have a Hard  Time Paying Rent

 

jobs

 

You have to have jobs so people who want to live in your rental investment have the ability to pay the rent.

It looks like the Sacramento Region has 21,000 jobs available according to this “linkedin” email alert I got this morning.

Check it out here.

The Rental Market in Sacramento is hot.  Sales and Investing in the Sacramento Region hot as well.

We’ve experienced multiple rental applications for Duplexes, Single Family Homes and Apartments we manage for the last several months.   They haven’t built enough inventory for the amount of people looking to move into a home or an apartment.

So if you’re thinking of Buying/Investing in a Single Family Home, a Duplex here in the Sacramento Region or even a small to medium sized apartment complex, call/text me at 916-203-1260 or drop an email my way and lets talk about what your goals are.

In the Mean Time…?

Make it a Great Day…!

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

 

Folsom Single Family Homes for Sale – Great Investment Potential

Homes for Rent in Folsom go Quick…!

If you’ve been think of buying a single family home or a condo for that matter in Folsom, you’re going to be surprised how quickly they rent up and for the amount of rent you can get.

bonanza

 

I’ve got a link to our Property Management site for some nice places here in town for your review.

The Folsom Real Estate market is very hot right now and Folsom Rental Homes are in high demand as well.

It’s almost like you have to know someone inside to get a rental here in town.

So if you’re thinking of buying an investment property in this area, please call me at 916-203-1260 because there’s not been a market like this in a long time.

 

In the Mean Time…?

Make it a Great Day…!

Ed Favinger, Broker, CRS, GRI, SFR, CDPE     favinger@rwnetwork.com   916-203-126

 

Folsom or El Dorado Hills Home Prices Are a Bargain…!

San Jose’s Median Home Price – $800,000 range – Folsom/El Dorado Hills = More Home for Much Less.

Prior to moving to  Folsom in 1989, my family sold an 1800 sq foot  home in San Jose for $300,000 and thought we’d robbed a bank in doing it.Home Prices in San Jose - Compare with Folsom & El Dorado Hills

Our new Folsom home was new in the new neighborhood of Lexington Hills.

A brand new 2500 sq.ft. home that included a pool and spa for under $220,000.

It’s plain to see  you can buy much more home for a lot less money in Folsom or El Dorado Hills then you can in San Jose or anywhere else in the Bay Area.

Today’s market is the same and I think we’re about to experience another wave of Bay Area buyers coming to our area to scoop up some homes here that would make a “Central American Dictator” proud.

Check out this article I got from the Silicon Valley Business Journal to see what I’m talking about.

If you live now in San Jose or anywhere else in the Bay Area, Click Here for a list of homes in Folsom and Click Here for a list of homes in El Dorado Hills and let me know what you think.

Some fun facts about our area;   We’ve got awesome weather.  We’re close to the Bay Area and Lake Tahoe.   If you like wine tasting, you don’t have to drive to Napa.  Just check out next door Amador County.   If you have school aged children, trust me, moving to this area was the best thing I ever did for my family because we’ve got great schools with lots of activities and superior academics.

If you are from San Jose or any where else in the Bay Area and thinking of relocating, call me and let me give you what I call the “Chamber of Commerce” tour of the area.   I can help you find the home of your dreams, or… if you’re an investor we also specialize in the Sales and Management of Single Family homes, Duplexes, 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   916-203-1260    favinger@rwnetwork.com