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.
https://www.youtube.com/watch?v=AiKhpCG3Wvo&feature=youtu.be
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.
https://www.youtube.com/watch?v=KgITN9w0fxQ&feature=youtu.be
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
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