Rents Are Up In a Good Market and are Up in Down Market..!

You’d think the opposite would be true but it’s not.

It’s amazing  when you think about it, but after watching the video that I’m going to post below, I realized these guys are right.

When the Real Estate Sales market is “hot” rents go up.   But, even in a down turn, the rent rates still go up.

Messrs Brian Stevens and Frank Garay are a couple of loan guys that do a lot of video updates about the Real Estate Loan market, Real Estate Sales and about some of the “inside baseball” stuff for those of us in the business.

Our Property Management company is now leasing up Units in Apartment complexes, Duplexes and Single Family Homes for record high rental amounts and many times with “multiple applications”.

So after taking a peek at their video that I got today,  I thought I’d share it with you because their conclusion about rents going up in good and bad markets is something I had not thought of.

You can skip the beginning of the video if you want to and go to the 3.43 minute mark to see their presentation that includes an interesting graph to make their point.

If you are thinking of Investing in a Residential Rental property such as a Duplex or a Four-Plex, a Small Apartment complex or even a Single Family home….?

Then, call me at 916-203-1260 or drop a note my way at favinger@rwnetwork.com.

I’ll bring you up to speed on our local market with comparable sales information and also what you can expect to earn in rents.

In the Mean time…?

Make it a Great Day…

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

 

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…!

Note to You Bay Area Investors – You Get More Units for the Same Money in Sacramento

Check out this article to see what I mean.

A recent apartment acquisition here resulted from the sale of 10 units in the Bay Area and doing an exchange into a total of 85 Multi-Family units.

Basically the reason why this investor made this move is because you get a lot more units with a lot more upside and cash flow when you invest in Apartment units in the Sacramento area

Modern apartment buildings on a sunny day with a blue sky

 

Click Here for that Story

 

So if you’re a Bay Area Investor with property you’d like to sell and exchange for more units in the Sacramento Area, you’ll be joining a few others that have done the same thing.

If you are worried about Property Management because we are a couple of hours drive away from your home, rest easy.   Our Property Management Company, Haven Properties is here make your life easier as an investor.

Call or Text me at 916-203-1260 or send an email to me at,  favinger@rwnetwork.com.   Let me help you take advantage our Rental Investment market here in Sacramento

In the mean time…?

Make it a Great Day…

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

 

Sacramento Cash Flow Opportunities – 6 units For Sale

Two Tri-Plexes side by side

Have you been looking for Real Estate Investment opportunities that actually pencils out…?  We’ve got 2 “bread and butter” tri-plexes that give a pretty decent cash flow that includes Property Management.   The owner is retiring and now wants these sold.

The Ziggurat Building in the city of West Sacr...
The Ziggurat Building in the city of West Sacramento,

If you are in the market looking for a Residential Investment in a growing economy of Sacramento, stop here because these might be what you’re looking for.

They were listed by Sharon Kulbacki from our office last week and she’s provided some information here.

You can contact her at 916-705-5715.

Click Here for Pictures & Information regarding 3629 Altos, Sacramento 

Click Here for Pictures & Information regarding 3625 Altos, Sacramento

We have the proforma cash flow figures here below.

Click here for 3629 Altos Cash Flow figures 

Click here for 2625 Altos Cash flow figures.

Take a swing by these units but do not disturb the tenants.

In the mean time…?

Make it a Great Day…

Ed Favinger, Broker, CRS, GRI, SFR, CDPE   916-203-1260

 

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