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…!

Back Yard Landscaping is Important in a Rental – Don’t Overlook It…!

Check out this graphic from the California Association of Realtors.

Back Yard Landscaping is important because some of these people also rent as well.   While this graphic applies to Home Buyers, trust me as a property manager and investor with 35 years of experience, don’t ignore the back yard for your renters.

A back yard with patios and landscaping is a cheap addition to “living space”.   With the great weather we have here, it makes sense to give the people who rent from you more value don’t you think…?

So if you want more money from your rental investment, fix up the back yard and watch how much your tenants appreciate it because they will pay you back with higher rents.

Click here for a picture of the back yard landscaping of a Duplex we manage for an investor that took our advice.    In a few more years the shrubs around this  yard will provide a lot more shade, privacy and of course more value if they ever decide to sell.

That is because they get more rent then other properties like this that do not have this upgrade.

Let me know what you think.

 

one cool thing yards

 

In the mean time…?

Make it a Great Day…!

Ed Favinger, Broker CRS, GRI, SFR, CDPE

Sacramento Rental Rate Increases Highest In California…

Surrounding Suburbs, Folsom, El Dorado Hills, Roseville Affected too.

We’ve been experiencing Rental Rate Increases for a long time here in the Sacramento Region.  This includes not only Sacramento, but the surrounding communities as well, such as Elk Grove, Roseville, Woodland, Folsom, El Dorado Hills, Lincoln, Fair Oaks, and Carmichael to name a few.

The Sacramento Bee has a story today regarding Rent Rate Increases.  They are primarily talking about the Downtown/Midtown area which has experienced a “renaissance” because of the development in and around the Golden One Center.

Sacramento Rent Increase Rates Highest in the State of California
Sacramento Rent Increase Rates Highest in the State of California

The Sacramento Midtown Area has been very popular with the younger generation and some seniors because of the proximity to jobs, entertainment and restaurants.

As I have said in the past you almost have to “know somebody inside” to be able to get a decent rental these days.

To give you an idea of how strong the rental market is, we seem to average about 5 applications for every property we advertise.

An example of what I am talking about…?  As of today, July 26, 2017, here’s a short list of a couple of Duplex apartments being advertised by our Property Management Company with pending applications we are processing now.

Note to Duplex Investors or for that matter, any Residential Real Estate Investors from Single Family Homes up to Apartment complexes.   You’ll have several applications to rent if you decide to invest in the Sacramento area.

Until they start to build more Apartments and Homes this trend will continue given the great economy we have going at this time.

If you’re thinking of buying/investing in the Sacramento area, please call me at 916-203-1260 or send me a note at favinger@rwnetwork.com and let me help you find the best deal out there today.

If you’re an owner now and thinking of selling, contact me and let’s take a look at your investment property.   I can help you get the most out of your investment with some ideas you might not have considered.

In the Mean Time…?

Make it a Great Day…!

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

Sales of Sacramento Duplexes are Hot..!

No Re-Sale Inventory & Rents Are Going Up

I’ve been working the Sacramento Area Duplex Market for a few years now and while we’ve had spurts of price growth in the past, I think this current market is poised to bust through the price ceiling  of 2005 and 2006.Duplex

While we’ve been involved in Sacramento Duplex Sales and Management all over the region.  However, it seems Duplexes located in the Sacramento zip codes of 95826, 95827 and the Rancho Cordova zip code of 95670 are noteworthy because we’ve placed a lot of investors in these areas and we manage them as well.

I thought I’d share the latest information regarding the Sales Data for Sacramento and Rancho Cordova Duplexes with you that I sent to Duplex owners hoping to find someone willing to sell now.

Click Here for a copy of that report.

Rents are also going up.   Many of these Duplexes for sale will not have the rents at their current market so it will be up to you, the investor,  to know how much you can raise them in order to make a deal make sense.

If you’re thinking of Investing in a Sacramento Duplex, call or send me a note and I’ll be able to analyze the property for it’s potential performance.

Click Here for a List of Duplexes for Sale in the Sacramento Area.

We also perform Property Management services as well that is “2nd to none”.

In the mean time…?

Make it a Great Day…!

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

 

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