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They Call Me Mr. Ed – The Best Darned Real Estate Blog Period…!

Sacramento Millennials – Probably Going to Rent for a While Yet…

January 5, 2015/in Foreclosure, General, Investment Real Estate, Property Management, Real Estate Sales /by edfavinger

More old news from the Sacramento Bee

You know it was just a few days ago that I was opining about the rental market here in the Sacramento Region.

It’s supposed to be a great market if you are a Landlord.   I agree and I can speak with a little authority because our Property Management Company services about 350 units all over the area,  so we know what rents are and what tenants are looking for.

Sacramento River Front

Sacramento River Front (Photo credit: Wikipedia)

Anyway… Here’s an article from last Saturday’s Sacramento Bee, front page and above the fold that I thought I’d share with you to make my point.

Sacramento-area millennials are putting off homeownership

Every article I’ve read from trade publications around the country show this trend is going to last for a while… they say.

Here’s an article from the Sacramento Business Journal recapping some of the big “multi-family” deals in there area.

You’ve just got to know that if big funds are moving into large complexes the same fundamentals they see will work for small investors as well.

Bottom line…?    If you are thinking of getting into the Rental Real Estate market, it looks like you’ll do well and not have a big problem finding qualified tenants.

You will have competition from other rentals so don’t forget that you’ll need to maintain yours in great shape.

 

In the Mean Time…?

Make it a Great Day…!

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

 

Related articles
  • The Grant Napear Show – Dec. 30th, 2014 – Seg. 4 (sacramento.cbslocal.com)
  • Are You an Apartment Investor…? You’re not alone…! (TheyCallMeMrEd.com)
  • Construction jobs show sizable gains in region (Sacramento Business Journal)

Tags: 1031 Tax Deferred Exchanges, Bank Owned Four Plexes, Bank Owned Four Plexes Sacramento, Bank Owned Homes Folsom California for Sale, Bank Owned Properties Sacramento, Bank Owned Sacramento Duplexes, BANK OWNED/REO, Folsom Real Estate, Folsom Real Estate For Sale, Investment Real Estate, Property Management El Dorado Hills, Property Management Folsom, Property Management Roseville, Sacramento Bank Owned Property Search, sacramento investment real estate
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Ed Favinger

Phone: 916-203-1260
NextHome Premier Properties
620 East Bidwell Street
Folsom, CA 95630
CalBRE # 00812744

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Ed Favinger

Phone: 916-203-1260
NextHome Premier Properties
620 East Bidwell Street
Folsom, CA 95630
CalBRE # 00812744

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