Looking for a Sacramento Duplex for Sale…?

Just Listed –  Two Sacramento Area Duplexes for Sale…

We have just put on the market two Duplexes for Sale in great areas of Sacramento.

Click the links below and you’ll get the information along with a link there to a “proforma” cash flow analysis.

9143-9145 Tuolumne Drive, Sacramento, Ca,   3 bedrooms 2 bath each side with updated interiors

Listed at $399,000

6041-6043 Rye Way, Carmichael, Ca – 2 bedroom 1 bath units ea side

Listed at $340,000

If you are looking for a Duplex to buy in the Sacramento Region, then drop me a note via email or send me a text at 916.203.1260.    I pick up the phone too if you decide you’d like to actually speak to a live person on the other end.

Let me help you find the perfect investment for you..!

In the meantime…?

Make it a Great Day…

Ed Favinger, Broker, CRS, GRI, SFR, CDPE   916.203.1260   favinger@rwnetwork.com

 

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.

20170116_145857
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

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

 

Be a Real Estate Investor, Not a Slum Lord…!

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…?

 

Here’s the original article from Sunday’s Sacbee.   Check out the videos below.

 

You also get on Local TV

 

My advice is to keep some reserve so you can not only maintain it, but improve upon it as well.    Make your investment an asset to the community by putting something back in.

If you need Property Management help, then call us today.

In the Mean Time

Make it a Great Day

Ed Favinger, Broker CRS, GRI, SFR, CDPE

 

Sacramento Duplexes for Sale – Some Recent Sales Statistics – Prices are Up…

I’m seeing a little bit of greed set in with these stats… More below

 

One of the things I’ve noticed in a rising market and a market where buyers are king,  is the consistent failure of a lot of these Investors going out of the business because they hate maintenance issues and dealing with the tenants.   It doesn’t matter if the market is tight like it is now with low inventory or flooded with Sellers trying to get out.stats

I’m going to profile a local investor in the next few days and show you not only how much he’s improved his potential cash flow because of the care and maintenance of his properties, he’s been a factor in improving the surrounding neighborhoods as well.

You’ll come away with the realization that maintaining a quality rental will get you the best tenants paying the absolute highest in market rents no matter if you’re in a rising or stagnant market.

The Stats…    However, I know the purpose of this post was to show you some statistics for 3 zip codes we’ve had a lot of experience not only in the sales side,  but also in managing the rentals there as well.

These “stats” are Duplexes only for those zip codes, 95670, 95826, 95827.    While I’ve been involved in the greater Sacramento Region in sales of income properties, I kind of like this area because it’s along the Highway 50 corridor.

_________________________________________

Following Data is from November 1,  2015 to Date, April 20, 2016
For Zip Codes – 95826, 95827 & 95670
Closed Sales Data – 9 Sales Closed Sales Data – 12 Sales
in Zip Codes 95826 & 95827 in Zip Code 95670
Average Price  $302,201 Average Price  $260,092
Highest  $350,000 Highest  $286,000
Lowest  $259,008 Lowest  $198,000
Median  $293,000 Median  $270,000
 Active On the Market Now – 4 Pending Sales – 5
In all 3 zips -95826, 95827 & 95670 95826, 95827 & 95670
Avg List Price  $305,000 Avg. List  Price  $308,450
Highest  $329,900 Highest  $350,000
Lowest  $274,990 Lowest  $269,900
Median  $305,000 Median  $303,000

BOTTOM LINE…   As you can see there’s not much available Inventory…

So if you are thinking of Selling a Duplex in one of these or any other zip codes/areas of the Sacramento Region, call me.

If  you are not happy with your cash flow give us a call because we are the “turn around specialist” for small rental properties in the area.

 

In the Mean Time…?

Make it a Great Day…!

ED FAVINGER,  916-203-1260 favinger@rwnetwork.com