Rents Are Up “Big Time”…So Start Your Search Early ..!
If you’re a Landlord/Investor in the Sacramento Area and recently tried to lease or rent up an apartment you were probably shocked at the responses. Old news to us in the Residential Investment and Property Management business.
Rents are up so much in the Sacramento Area and supply so low, if you’re a person looking to rent, you’d better start your search very early and have any credit issues resolved first, because it is a “landlords market”.
You may not have heard but Landlords and Property Managers are experiencing “multiple” applications for just about every unit that comes up.
It doesn’t matter what kind of property we’re talking about either. Our Property Management company has so many people seeking a Home/Apartment to rent that we have set up a “showing/viewing” schedule each week posted on the website instead of making specific appointment times when prospective tenants call.
On most occasions now days we have several prospective tenants come to those showings and many of them will bring a completed application as well.
This kind of Landlord’s market will make most investors smile. So if you are thinking of getting into the Residential Investment market, this is a great time. No one seems to know when the rise in Rental Rates will stop because there’s a lack of supply.
With an improving economy with lots of jobs and a lack of supply, even paying more for the investment won’t necessarily be a bad thing.
Call me at 916-203-1260 or drop a note to favinger@rwnetwork.com and we’ll see if we can’t place you into an investment that works for you.
Now… If you are a prospective tenant with good income…? May I suggest you think about buying because it will be better for you in the long term. Call me and we’ll see if we can’t get you “pre-qualified” with the various loan programs that are available to you.
In the mean time…?
Make it a Great Day..!
Ed Favinger, Broker, CRS, GRI, SFR, CDPE favinger@rwnetwork.com 916-203-1260
Related articles
- Sacramento-Area JC Penney Stores Hiring 350 People (now100fm.cbslocal.com)
- Tenants stranded upstairs after landlord removes stairs (telegraph.co.uk)
- Will Sacramento’s skyrocketing rents ever cool off? (SacBee.com)
- Being a Landlord is easy when your Tenants Have Jobs (TheyCallMeMrEd.com)
- A Nice Pad in Folsom For Sale (SharonKulbacki.com)
- Rent Trend Data Sacramento, California (rentjungle.com)
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