Property Management in Sacramento CA

The Advantages of Owning a Rental Property in Sacramento Property Management

It is no secret that investing in real estate can make you rich. Look at moguls like Carl Berg, Sam Zell, and Stephen Ross, who have net worths pouring over the billion dollar mark. While these investors are few and far between, investing in real estate does have the power to unleash a generous amount of return on investment. The Sacramento Bee News reports that the City of Sacramento ranked sixth place on the top ten list of the largest cities, based on population, in California. Surrounding communities like Roseville, CA, ranked sixth place for the top ten cities under 300,000 with largest numeric change, and Rocklin, CA, ranked fourth place in the top ten fastest growing cities in California. Statistics like the above mentioned suggest that Sacramento property management has the potential to be a goldmine. And it is. 

Why Sacramento

Rent Cafe reports that the average rental price in Sacramento is $1,404 with an average apartment size of 823 square feet. The year over year change is four percent. Sacramento has an increasing amount of renter occupied households. Rent Cafe also reports that 41 percent of the households in Sacramento are renter occupied, while 58 percent are owner occupied. That means that nearly half of all households in Sacramento are renters. This means that finding a qualified renter for your home should be plentiful. The most affordable neighborhoods for renters include Airport, Brentwood, and Carleton, where the average rental price is $906 per month. The most expensive neighborhoods in the Sacramento area are Tahoe Park South, Tallac Village, and West Tahoe Park, where the average rental price is $2,520 per month. This information is important to note because rental prices affect home sale prices. And vice versa. If you have not already purchased a rental property in Sacramento, look into these neighborhoods based upon your spending budget. Sacramento property management company, Real Property Management Select has also noticed that economic recovery has impacted the housing market. Sacramento is one of the last counties in California to reach pre-recession job recovery. However, job growth in Sacramento is expected to meet the increasing population growth in 2019. The FT Journal reports that Sacramento has been increasing in population by one percent each year since 2008. All of these newcomers need a place to lie down each night, and that is where investors make their fortunes. 

Tax Breaks for Rental Property Owners

There are many ways that property investors can put more money back into their pockets by taking advantage of simply tax breaks. Did you know that a real estate investor can write off any interest paid to the mortgage lender on the loan for the rental property? Sacramento property management teams and landlords can also write off interest paid on a credit card that was used for supplies or service on the property. The money spent on repairs, goods, or services, performed on the property are also able to be written off during the same tax year that they were paid. Personal property costing up to $2,000 that was purchased for the property including appliances, furniture, or gardening tools can be written off within one year. Traveling costs including flights and driving miles may be deducted as long as they were intended to inspect and repair the property. Mileage used to upgrade or make improvements cannot be deducted. For a more thorough list on tax deductions that you may qualify for as a Sacramento property management landlord, view Nolo

How to Manage a Rental Property and Stay Out of Legal Trouble

The ins and out of rental property management can make anyone’s head spin at times. It takes education, practice, and experience to feel comfortable managing a rental property. The most important thing that investment property owners can do is to educate themselves on the federal, state, and local housing laws. This is where many landlords can make minor mistakes that can cost them the annual profit margin on their rental property. Fair housing laws, anti-discrimination, and habitability laws, ensure that all prospective applicants and tenants are treated equally and not discriminated against based on age, sex, religion, national origin, familial status, disabilities, and that their living conditions are safe and habitable. In addition to staying updated and educated on housing laws, the Sacramento property management team at RPM Select strives to treat everyone with the Golden Rule in mind. Treat others the way you would want to be treated. 

Why You Need Sacramento Property Management Company, RPM Select 

Taking on the role of a landlord is a 24/7 job. Are you prepared to make yourself available everyday of the week and at every hour of the week? Let the professionals at RPM Select handle the daily stresses of Sacramento property management for you. We provide full leasing and property management services including leasing, advertising, move ins, move outs, lease agreement renewals, maintenance, maintenance emergencies, turnover, showings, and deposits. Contact us today. 

Who We Serve in Property Management in Sacramento

When you think of a property management company, you probably only think that they serve property investors. But the truth is, property management companies have many categories of people and institutions that rely on them every day. All humans have basic needs. Some may argue there are only three basic needs, while an article released by Forbes argues there are six or more. Regardless of this difference in opinion, it is a popular belief to agree that at the top three human basic needs are water, food, and shelter. Shelter is needed throughout the entire world to protect our bodies against the elements, and property management companies can provide shelter to those who need it. This is how they serve renters. They can turn a shelter into successful investment properties for property owners. This is how they serve homeowners and individuals investors. Property management companies analyze and study housing trends and pricing which in turn helps institutions like banks, mortgage lenders, and investment bankers. The four main categories of people we serve as experts in property management in Sacramento are homeowners, individual investors, tenants, and institutions. 

How Homeowners Rely on Property Management Companies

A home is a special place where one feels safe and comfortable. It is a place where we go to relax, to gather, to entertain, and to live. A home serves many purposes for different family dynamics. Whatever your family dynamic may be, if you have shelter, you have a home. Homeowners with single family homes, apartments, condos, or duplexes rely on RPM SAC-METRO if they choose to relocate, downsize, or find themselves unable to sell their home. A once owner occupied property can be quickly transformed into a cash flowing rental property with the help of our professionals at SAC-METRO. When relocating or downsizing, homeowners are presented with the option to sell their house or rent it out through companies that specialize in property management. Sacramento based company, SAC-METRO, understands that depending on the needs of your individual family, you may choose one option over the other. But if you choose to rent out your house, SAC-METRO is standing by waiting to assist you and turn your house into a positive cash flowing property. Our team of experienced professionals handles all things property management including getting a property rent ready, leasing, marketing, application processing, professional showings of the property, maintenance scheduling, rent collections, legal compliance, lease signing, move ins, move outs, and everything in between. Our company keeps the lines of communication open with its clients through an online Owner Portal. It is here that property owners can view financial statements, updates on accepted applications, the number of showings conducted at the property, security deposit disbursements, and communicate with our friendly staff. Homeowners hire the property management Sacramento experts at SAC-METRO because they can rely on us for stability, affordability, and expertise to avoid costly mistakes. 

How Individual Investors Rely on Property Management Companies

It is no secret that investing in real estate can pay off big time. Some of the best ways that investing in real estate helps people get ahead is through property appreciation, having someone build equity for you, and passive income. However, managing a rental property can often feel like more than investors bargained for. Managing a rental property is a 24/7 job that requires availability, quick response times, and professionalism. Property management is a highly sought after industry by individual property investors. At SAC-METRO, we help investors avoid the daily hassles and headaches of property management in Sacramento. This includes maintenance, leasing, and communicating with tenants. We have more than 240 locations throughout the United States, which allows us to serve our clients without geographic barriers. Regardless of where a clients’ properties are located, they see better returns on investment than ever before or from any other property management company. We know each market because we study and analyze it constantly, and all of our locations are managed by local professionals. We are proud to achieve record high rental prices, affordable maintenance costs to clients, long term tenancies, highly qualified tenants, and record fast leasing times. Handling delinquencies is one of the most dreaded aspects of property management. SAC-METRO has the rent collection process automated and the ability to collect delinquent accounts professionally and quickly. Our team of experts work efficiently and follow proven processes that allow investor’s management fees to pay for themselves. 

Tenants Rely on Property Management Sacramento Companies

Purchasing a home in Sacramento county is becoming increasingly difficult. An article released by ABC 10 News in Sacramento cites a study conducted by RentCafe that found that renters are now making up the majority of the population in some major cities across the United States, 42 out of 100, to be exact. Some of these cities include Stockton and Sacramento which are both major cities in California. RentCafe also found that over the last decade, the number of renters in the country increased by 23 million, while homeowners only increased by 700,000. The renter population has increased by about a quarter over the past ten years. Renters rely heavily on property management companies in Sacramento to provide them with shelter. Without the option to rent, they would be unable to afford to buy a house. Companies that specialize in property management in Sacramento provide renters with safe and habitable living conditions, free maintenance, and an affordable place to call home. Tenants who rent through SAC-METRO can expect first class customer service and a quick response time to all maintenance, even if the call comes in at 3:00am. 

How Institutions Rely on Property Management Companies 

Institutions like investment banks, mortgage lenders, and government entities contract with SAC-METRO to provide reliable and comprehensive investment management for their residential real estate portfolios. Asset management firms take investors capital and place it in diverse investments which include stocks, bonds, real estate, private equity and more. Real estate is a stable investment and companies that specialize in property management in Sacramento study and analyze real estate trends constantly, giving institutions some of the best insight in the real estate industry. Investment banks, mortgage lenders and government entities greatly benefit from the insight that property management companies offer to them. 

Why You Need SAC-METRO 

Whether you are a homeowner unable to sell, an individual investor, a renter, or part of an institution, SAC-METRO is here to serve you. We have over 240 offices throughout America, which means we can handle geographically dispersed portfolios. Thousands of property owners and investors rely on us everyday to get the job done. With nearly 30 years of providing a comprehensive property management service to property owners, we have perfected our system. We can also offer a full leasing service to property owners who are not interested in committing to a full property management contract. Nobody does property management in Sacramento better than us. Put our proven and experienced team to work for you. Call us today.  

Top 10 Questions that Property Management Companies in Sacramento Hear from Property Owners

Owning a rental property comes with a lot of questions. Whether you are a landlord veteran or a newbie to the rental property industry, questions will always arise as new situations and circumstances come into property management. At Real Property Management, SAC-METRO, we are here to help. With more than 30 years of experience, our team has expertise in all areas of rental property management and is here to make your experience a positive one. Below is a list of the Top Ten Most Frequently Asked Questions heard by property management companies in Sacramento, and the answers courtesy of RPM SAC-METRO.

How do I rent out my rental property more quickly? 

Rent Ready

Getting a vacancy filled quickly and with qualified tenants is crucial to the success of property managers and rental property owners. Once a landlord receives a 30 Day Notice to Vacate from a tenant, they should immediately acknowledge that Notice with an official date of move out, prorated rental amount, a property cleaning checklist, instructions on how to return keys, and Security Deposit Disbursement information. Once a property manager has received keys, enter the property within 24 hours to conduct a Move Out Property Inspection. Make detailed notes about the condition of the property and any repairs or improvements needed. Test all appliances, outlets, lights, smoke and carbon monoxide detectors, door and window locks and toilets. Inspect all flooring, cabinetry, countertops, doors and walls. Inspect landscaping, sprinklers, decks, and patios. Schedule proper vendors and maintenance technicians as needed. Work efficiently and schedule vendors back-to-back to minimize vacancy days. Once the home has been cleaned and is rent ready, property management companies in Sacramento start marketing aggressively. 

Marketing

Utilize technology to reach the maximum amount of potential renters. The internet has many rental marketing resources like Zillow, Hot Pads, Trulia, Craigslist, Facebook, and of course, use your own website to advertise the property. Clearly list the rental price, security deposit amount, application fees, and lease terms. Show multiple pictures of the property listed for rent including exterior, interior, and any community amenities. Use the best and prettiest picture as your “Featured Image” on the listing, which means the picture that potential renters will see first. This picture is often of the front of the property, the kitchen, or the Great Room. Post a For Rent sign in the front yard and attach helium filled balloons to attract attention. Property management companies in Sacramento use this strategy because even if the actual renter does not drive past the property, neighbors will alert friends and family of the property who may be interested in moving. Conduct professional showings of the property. Have the lights on inside when prospective tenants enter, make sure it is clear of all pests, and that the property is neat and clean.

How can I make sure my property stays rented? 

The Golden Rule comes into play in this situation. Treat tenants the way you would want to be treated. Do not become a slumlord who moves tenants into a property, then walks away never to return or help with maintenance. Tenants want a property manager who takes their phone calls, responds to emails, helps them when maintenance and repairs are needed, and treats them with respect. Keep the property well maintained. Respond promptly to maintenance requests, schedule vendors and repairs as needed, and follow up with tenants to ensure work has been performed and that the repair is satisfactory. Property management companies in Sacramento must communicate expectations with tenants and treat them with respect and dignity. Reward tenants for obeying lease agreement rules and for on time rent payments. At SAC-METRO, our tenants have the opportunity to join our Resident Rewards Program. When a tenant pays rent online and on time, they can instantly unlock coupons, deals and discounts to places they spend money daily. 

How can I make rent collection faster and less stressful?

At the time of lease signing, clearly communicate lease agreement rules and expectations. This includes the rent schedule. Inform tenants of when rent is paid each month, the amount due, how to pay rent, and what happens if they fail to pay their property management company. Sacramento landlords must stick to a strict rent schedule. Accept electronic and online payments and ACH deposit for less waiting and greater peace of mind. This allows tenants to pay rent from the convenience of their living room and requires a lot less work on landlords. The days of walking a paper check into the bank for deposit are far behind us. Get paid instantly by letting technology work for you. Set up automated notifications so that if the rent is not deposited into the account, alerts will go off informing you to take action. 

How can I better protect myself legally as a landlord?

The best way to protect yourself legally as a landlord is to know the laws. Be educated and stay updated on federal, state, and local housing laws and ordinances. Study Fair Housing Laws, Habitability Laws, the Americans with Disabilities Act, and all local housing laws that pertain to property management companies. Sacramento landlords should never discriminate against protected classes of people and treat everyone equally. Follow the rules and terms set forth in the lease agreement. Consult a lawyer for additional help if legal circumstances arise. 

How can I keep maintenance costs down on my property?

Be proactive in maintenance for the rental property. Conduct biannual property inspections, generally in spring and summer, to make certain the property is in proper condition for the changing seasons. During the biannual property inspections, look for any signs of maintenance that is needed that could cause bigger problems if not seen or reported immediately. Respond quickly to maintenance requests at all hours of the day or night. Hire licensed and insured repair technicians to remove liability from yourself. Do not attempt do-it-yourself jobs. Clients who hire RPM SAC-METRO get our Preferred Vendor Pricing. This unlocks discounted repair rates and costs for rental property owners, saving them hundreds, even thousands of dollars every year. 

Should I manage my own rental property to save myself money?

Property management companies in Sacramento have experienced that even if you have time, energy, and expertise, most landlords find that managing their own rental ends up costing them more money. The extra expenses often stem from legal fees and longer than expected vacancies. It takes a lot of time to research, study, and know all of the housing laws and with one slip, landlords can find themselves in the courtroom with hefty legal fees. Those legal fees can eat away at years of profit from a rental property. SAC-METRO is known for having shorter than average vacancy times when compared to its competition. Our efficient turn over process, aggressive marketing, and professional showings help lease properties within 28 days of listing them. 

Will management fees hurt my cash flow?

At SAC-METRO, our cost effective fees pay for themself. Our faster leasing times and fewer mistakes save property owners money instantly. 

If I hire a property management company in Sacramento, how will I know what is happening with my property?

A good property manager communicates clearly and often with rental property owners. At SAC-METRO, we are proud to say that communication with our clients is a top priority. We use an online Owner Portal that can be accessed through our website from anywhere in the world. On the Owner Portal, property owners can view financials, maintenance requests, status of submitted applications, see how many showings they have had at their property during the leasing phase, and see security deposit disbursement information. We also have a 24/7 hotline that allows property owners to call our professional staff at any time to discuss their property. 

How do I choose the best property manager?

Picking the property manager that is best for you is paramount to your success as a property owner. Compare property management companies in Sacramento against each other. Compare checklists, what they offer, and pricing. Pick a company with a proven track record and a trusted reputation. 

Why should I trust SAC-METRO?

With more than 30 years in the property management industry, SAC-METRO has seen and experienced it all. There is no situation that will catch us off guard. Our professional team is involved in continued training courses so that we always stay up to date on current laws and practice all Housing Laws. Our shorter than average vacancy times make us the leader in the industry. Call us today to see how we can make your property management goals a reality. 

Rental Property Management Sacramento Resident Club: Select Rewards Tenants Who Pay Rent On Time

Screening applicants as potential tenants for rental properties takes time, research, and upholding rigorous standards. Some landlords fall victim to lowering application standards just to fill a vacancy. Real Property Management Select strongly advises against lowering standards in order to qualify someone who would not normally qualify for a rental property. Rigorous tenant application screenings can protect real estate investors against evictions, tenants who do not want to live the lease agreement standards and rules, and it can protect against tenants who fail to pay rent. No matter how thoroughly a property manager screens a tenant, there is always a risk that they might not pay rent on time. What if Select could come up with a way to encourage a tenant, no matter his or her previous track record, to pay rent on time? A way for him to receive money back into his pockets, so that paying rent on time each month, saved him money? There is a way. Rental Property Management Sacramento company, Select, has started rewarding tenants for on time rent payments made online. Here is how it works and serves as a win-win situation for tenants, investors, and property management companies.

Sign Up for Tenant Portal

When a tenant signs the lease agreement and receives the keys to a rental property, a friendly leasing agent with Select will set up login information for our tenant to gain access to our online tenant portal. Through the tenant portal, residents are able to request maintenance, see payment history, and pay rent online. Tenants can also set up recurring rent payments. This prevents the hassle and stress that renters feel each month to remember to pay rent to property managers or landlords. Set up an automatic withdrawal from a bank account, and say goodbye to setting alerts and marking your calendar to remind yourself to pay rent. When tenants pay rent through the online tenant portal, they will be prompted to click a link and sign up for the Resident Club. Clicking on this link allows tenants to unlock hundreds of beneficial savings through coupons and discounts, courtesy of your rental property management Sacramento team.

Resident Club

Upon signing up for the Resident Club, tenants will be asked a series of questions to help determine how much money can be saved annually. Some of the questions are as follows:

  • How often do you eat out at restaurants each week?
  • How many times a year do you attend a theme park?
  • How often do you attend the movies?
  • How much money do you spend at the grocery store each week?
  • How many times per year do you do activities like laser tag, bowling, or mini golfing?
  • How many pairs of shoes do you buy each year?
  • How much money do you spend on clothing each month?
  • How often do you buy flowers or chocolates for loved ones?

By answering these questions, the Resident Club software system can calculate the amount of savings that residents can expect annually, by utilizing the Resident Club program. It is free and pays you to use it. Signing up for the Resident Club presented by rental property management Sacramento companies is a no-brainer.

Coupons and Discounts 

Residents who pay rent on time can expect to see coupons and discounts for as much as fifty percent off retail prices. The coupons will allow tenants to save hundreds of dollars, even up to thousands of dollars, while grocery shopping for everyday items like yogurt, milk, bread, cereals, and meat. Just present the coupon to the cashier prior to payment and start seeing the savings. If you are venturing out to a theme park with family or friends, check the Resident Club coupons and discounts for savings on admission tickets. Some tenants report seeing theme park tickets for Buy-One-Get-One-Free or Buy-One-Get-One-50% Off. Take that extra savings and buy some Dip-N-Dots and churrors once inside. Select’s rental property management Sacramento team wants to provide affordable fun for all responsible tenants that pay rent on time. If you are heading out for a fancy night out on the town, be sure to scroll through the restaurant deals and coupons. Every caliber of restaurant can be found on the Resident Club including fast food, casual dining, or luxurious restaurants. With more than sixty-five thousand restaurants participating in the Resident Club nation-wide, you are certain to find what you are looking for, at an affordable price. Ring up some savings when shopping online or in the store for clothes, accessories, or shoes. With more than thirty-five thousand retail merchants, tenants can always find the right item for less. 

Estimated Savings

Depending on how residents answer the above questions on the Resident Club website will depend on how much money they can save annually through their rental property management Sacramento company. The savings calculator estimates the following savings if your answers are similar to the following:

  • Eats out five times a week, this includes lunch and dinner combined
  • Plays mini golf, bowling, or laser tag six times a month
  • Purchases six theme park tickets a year
  • Buys five pairs of shoes per year
  • Orders flowers or chocolates three times a year
  • And buys five DVD’s annually

This amounts to a total of $4,000 in savings per year. That is a lot of money. Capitalize on the savings that are at your fingertips by renting with Select. 

Search Near You

When you are on the go and searching for a place to eat, the Resident Club allows tenants to search for retailers by zip code or alphabetically. Just download the Purqz app on your iPhone or Android device. You can search for locations within twenty-five miles of your current location and find coupons to local and national chains. It takes just a few seconds to download the app to your phone, sign in to the app with a username and password, and you will find all the savings on your screen, ready for access.

How Your Rental Property Management Sacramento Team Says Thank You

At Select, we do not take good tenants for granted. We want them to know that we value those who care for rental properties as if it were their own house, pay rent on time, and submit maintenance requests when needed. It is because of responsible tenants, that Select wants to give back. Sign up for the Resident Club today and start taking advantage of this so-called rent decrease. If you are not already a tenant under Select’s property management, call us today to learn about our available rentals, so you can unlock savings. 

Why You Should Rent Out Your House with Property Management Companies in Sacramento, Instead of Sell It

People in Sacramento who bought homes 20 years ago are sitting pretty today. Appreciation throughout the entire state of California has continued to rise over the years. Location, Inc. has released data and analytics that prove that since 2000, appreciation rates in California have increased by 156.84% total. This means that homeowners looking to sell their lifelong homes and retire or move closer to loved ones have two choices. Renting out their house or selling their house. Property Management Companies in Sacramento see the value in selling and cashing out on all the appreciation homeowners have accumulated, however, homeowners can transform owner occupied properties into rental properties and cash out even bigger. Turning a property into a rental house is a great return on investment and pays off big in the long run.  Don’t believe us? Keep reading. 

Single Family Rentals and Rent Yields

A report leased by ATTOM Data Solutions analyzed single family rental returns in more than 430 counties across America, each with a minimum of least 100,000 people, and with ample rental and home price data. The report found that the average annual gross rental yield amongst the counties was 8.8 percent in 2019. That is a tenth percent higher than the average in 2018 at 8.7 percent. Property management companies in Sacramento know that this research means that buying a single-family residence to rent it out is a better deal at this time in 2019 than it was in 2018 because profit margins are increasing in most of the counties in the United States. Right now, the profit margins are up in six out of every ten counties analyzed in the study. Sacramento County ranked as one of the top counties in America with the biggest increase in potential annual gross rental yields for 2019, while counties in San Francisco and San Jose ranked in the lowest bracket. These findings prove that home prices are too high in the Bay Area to yield profitable rent margins, while property management companies in Sacramento see property owners raking in the cash from the local rental market. Mortgage rates, home prices, and taxes are reasonable and make financial sense in Sacramento County for investors. In addition, renters are migrating from the Bay Area to Sacramento and nearby cities to find more affordable rent prices and cost of living. This means that the demand for rental housing in and around Sacramento is getting greater. Real estate investors and property owners looking to transform an owner occupied property into a rental property will have no trouble finding qualified renters. 

Why People Want to Rent Instead of Buy

It is no secret that purchasing a home is nearly unaffordable in this economy. The amount of money needed to purchase and own a home monthly is costing people more money than it does to rent a home from property management companies in Sacramento. A study conducted by the U.S. Census Bureau’s 2013-2017 American Community Survey found that in every single state across America, homeowners are spending more money on housing than renters. But how much more money? The answer depends on the state. Homeowners in New Jersey spend more than $1,100 per month on average to own, while homeowners in Arkansas only spend $300 more than renters. In California, the median monthly cost for homeowners with a mortgage is $2,206, while the median cost to rent is $1,358. There are many factors that play a role in why these findings are true. Some speculations include maintenance, taxes, repairs, insurance, inspection fees, closing costs, and mortgage rates. At this point in time, renting a house from property management companies in Sacramento is the smarter option for many people, and homebuyers and renters know this information. A study that was released from Realtor.com found that the costs to purchasing and owning a home are up fourteen percent over the last year, while national rent rates are only up by four percent. In the past, homeownership has been a status symbol, while renters have carried a stigma of having less money than those who own a home. But the times and stigma around renters is changing. Perhaps renters are seeing that money can go further and they can live the lifestyle they desire by choosing the more affordable option. The status symbol of owning versus renting a property is dissipating. 

Who Makes Up the Rental Market?

The National Multifamily Housing Council has found that people who are 30 years old and younger make up fifty percent of the rental market in America. Experts at property management companies in Sacramento suspect the reason for this is that millenials value the type of lifestyle that allows for flexibility and ease of movement with plans and jobs. Millenials do not like to be tied down. However, a major factor is also affordability. Housing prices are rising more quickly than wages and people are choosing to make wise decisions with money earned and find a rental property. Those who fall within the age category of 30 to 44 years old account for twenty-three percent of the rental market. 45 to 64 year olds account for nineteen percent of the share, and those who are 65 years old and older only make up nine percent of the rental market.

How Will I Know That My House Will Receive Proper Care From a Tenant?

Shifting a home that was once owner occupied to renter occupied can be difficult for many. A home is where memories have been made, hearts and souls have bonded, and a place that has received careful and meticulous care. Some may call this an emotional attachment. If you are looking to shift your house into a rental, know that one of the top rated property management companies in Sacramento, Real Property Management Select only accepts applications from highly qualified applicants. An American Community Survey has found that the number of high-income renters has increased from 3.8 million in 2008, to 5.7 million in 2017. High-income renters are classified as those making $100,000 annually or more. Select ensures that all applicants income qualify for a rental house. The professional leasing staff at Select also run credit checks, contact previous landlords for referrals, run criminal and background checks, and verify employment. In addition to a thorough and rigorous screening process, Select conducts bi-annual property inspections. During these inspections, a member of the leasing team will not only inspect the interior and exterior of the property, but also check for lease compliance regarding pets, occupancy levels, and proper care of the property. 

How to Rent Out Your House with Property Management Companies in Sacramento

With more than 30 years of experience in the property management industry, Select has managed every type of dwelling from single family homes, duplexes, multifamily housing, condos and more. No matter the property type, our friendly staff can help turn any property into a cash flowing rental, no matter the type or condition. Select provides a comprehensive service and can supply investors with the following:

  • Full service listing
  • Marketing and Rental Market Analytics
  • Showings of the property
  • Getting the property Rent Ready
  • Advertising on dozens of commonly used rental websites, including Select’s website
  • Rigorous Tenant Application Process
  • Lease Signing and Move-In
  • Faster than average leasing times 
  • Affordable maintenance through preferred vendor pricing
  • 24/7 availability for maintenance emergencies
  • Tenant Portal and Owner Portal access
  • Move-Outs
  • Eviction Protection

Start making money on your house now. Call our team of professionals today

Avoiding Costly Sacramento Property Management Mistakes

You plan meticulously and make a record of every dollar, every conversation you have had with a tenant, and every notice that you have placed on their door. You have made yourself available twenty-four hours a day, seven days a week since you bought for your first investment property. Then with one slip, one mistake, it falls to shambles. You are hit with an enormous expense that could have been avoided in property management. Sacramento landlords can work for months, and even years, trying to recoup the costs after paying for a mistake. Do not let this be you. Keep reading if you want to improve your cash flow, keep vacancy rates low, and avoid costly legal fees.

Vacancy Rates

No property owner likes having their property vacant. When it is vacant, it halts cash flow, costs extra money to get the home rent ready, and you lose money every day that your property sits empty. During quarter one of 2019, the average vacancy rate for rental housing in America was seven percent. That is higher than last years 6.60 percent, but lower than the long term average of 7.36 percent. There are many strategies that Sacramento property managers can do to avoid long vacancies. A few of these include picking a highly desired rental property, marketing it aggressively, properly preparing it for showings, and pricing it right. 

  • Rental Property Selection: The first criteria investors should look for when seeking to purchase a rental property is the neighborhood. Find a neighborhood that has a track record of low vacancy rates. These neighborhoods typically have good schools, a lot of amenities, offer single family dwellings, have grocery shopping and dining nearby, and are convenient for commuting to work.
  • Marketing Your Rental Property: When you are searching for a home to rent or buy, what is one of the first things you look at on a listing? Pictures. Pictures can attract or detract prospective tenants from expressing interest in your rental. Get high quality photos of your property and use the best picture as your featured image on the listing. Advertise your property across multiple websites like Zillow, Hotpads, Oodle, Craigslist, and other local classifieds. Place a For Rent sign in the front yard of your property. This not only informs people driving by who are looking to rent, but also alerts neighbors who have friends or family that are looking for a rental. Word of mouth can be very powerful in Sacramento property management.
  • Preparing Your Property for Showings: Turning over a property to get it ready for showings to prospective tenants requires a lot of time, work, money, coordination, and efficiency. A rental property that is ready for showings should have fresh paint on the walls, clean and well kept flooring, appliances that work, fresh landscaping, should be clear of all pests, and all cabinetry and countertops should be clean and in good condition. Once a past tenant vacates and turns in keys, landlords and property owners should enter the premises immediately to cut down on vacancy time. If possible, enter the property approximately two weeks prior to the tenant vacating to get an idea of the amount of work needed upon move-out. Doing so allows landlords to schedule vendors ahead of time, so they can get the date of service they need and want without wasting days between vendors during vacancy. 
  • Pricing Your Rental Property: Expert property managers in Sacramento conduct market comparisons and analysis to make sure they are asking the right amount for rent. If you price a property too high, you will have prolonged vacancy. If you price it too low, it will get snatched up right away, but you will walk away knowing you could have received a higher rental price. Look for properties that are within a three to five mile radius that have similar square footage, bedroom to bathroom ratios, amenities, quality of neighborhood, and age of property and fixtures. Price your property competitively and always start a few dollars high. If your phone fails to ring within the first few days, lower the price by twenty-five dollars and see if phone traffic picks up. 

Tenant Qualifications

It is better to have a property vacant than to accept unqualified tenants. Do not lower your tenant screening standards just because your property is sitting vacant for longer than you expected. Set rigorous screening standards for your tenants to ensure they pay their bills on time, make sufficient income, and have a proven track record of renting from other companies in property management. Sacramento landlords should ask for a 3:1 income ratio. This means that if rent is $2,200/month, the monthly gross household income of applicants must be at least $6,600. Require that applicants provide you with proof of income. This could be the two most recent pay stubs, previous two years of tax return documents, six months of bank statements, or official offer letters typed and signed on letterhead. Run a credit check and background check on applicants. A credit check will tell you if they are current on paying bills and a background check will let you know if they have any criminal activity. Certain criminal activity could cause a liability to property owners. Call previous management companies or landlords to inquire as to what type of tenants your applicants are. 

Rent Collection

It comes and goes every month and if you do not have a simple and reliable rent collection process, you will find yourself dreading it every month. Companies who specialize in property management in Sacramento have automated rent collection processes that allow tenants to pay rent online, at their convenience. At the time of lease signing, property managers should clearly outline when rent is due, the correct amount, what happens if they fail to pay, and how they can pay. The old method of dropping a paper check off at the management office is outdated. Tenants now want the convenience of paying online, with the click of a button and RPM Select is keeping up with the times. Having an automated system in place if tenants do not pay rent can be a life saver. Software systems can release a 3 Day Notice to Pay Rent or Quit directly to tenants. Say goodbye to the days of posting notices on front doors. Your life just got a whole lot easier. 

Legal Compliance

If you are looking to fork out a huge amount of money, simply make a legal mistake. Chances are a lawsuit will be filed and you will find yourself in court with hefty legal fees. It is imperative to your success as a property manager in Sacramento that you are educated on federal, state, and local laws. Below is a list of some common laws that property managers need to know to protect themselves on a daily basis.

  • Fair Housing Act
  • Americans with Disabilities
  • Age Discrimmination Act
  • Title VI of the Civil Rights Act
  • Habitability Laws 

Property Inspections

Make it a priority to inspection your rental property biannually. During your property inspection, look at the interior and exterior. If the property is occupied, post a proper Notice of Entry and give ample notice. During your inspection, look for broken pipes, signs of leaks, proper seals on windows and doors, check all door and window locks, test appliances, change filters on air conditioning and heating units, look for signs of pests or overcrowding of residents, and all lease compliance issues. Conducting biannual property inspections will allow managers and property owners to catch maintenance problems while they are still small. Small problems that become big and worse, cost more money, cause an inconvenience to tenants, and more damage to the property.

Why You Need Property Management Sacramento Experts at Select

With all of the complexities of managing your investment property, we want to assure you that there is an easier way. When you hire Select, you can rest easy knowing that your property is a top priority to us and that everything from the leasing phase to the move out phase will be taken care of properly and legally. Make the most money on your investment by calling us today

How Property Management Companies in Sacramento Get Multi-Family Properties the Best Return on Investment

Managing a multi-family property takes time, knowledge, expertise, and top notch customer service. It is a job that requires around the clock care and availability. If you are a property owner, you know that you need someone who can deliver this and more. At RPM Select, our professional leasing agents have been rigorously trained in all aspects of property management and are ready to better serve you. We provide our clients with everything our competitors offer, and so much more. When you join the Select property owner’s club, you can expect to keep tenants, maximize revenue, and turnkey property management services.

Decreased Vacancy Rates

The moment a property becomes vacant, the clock is ticking for property management companies. Sacramento rental homes are especially in high demand and require managers to take immediate action upon vacancy. Every day that a rental property sits vacant, it costs our property owners money. We have your best interest in mind and our leasing professionals conduct thorough walk throughs of the property as soon as they receive keys from the previous tenants. They inspect and take notes as they walk the property and schedule vendors and repairs accordingly. They know that time is of the essence and schedule vendors back-to-back to minimize the days your property is not actively in the rent-ready stage. Because of our desire to take immediate action, our clients experience, on average, lower vacancy rates than properties offered for rent by our competitors. 

Careful Screening Methods

Clients of Select enjoy long term tenants due to our rigorous screening methods. We only accept the most qualified applicants who pass our tough requirements. We require that all applicants who are 18 years old and older submit a signed and dated application to rent. This application tells us where they currently live, their past rental history, employment information, monthly expenses, if they have ever been evicted, and more. Property management companies in Sacramento must do their due diligence of verifying this information. Select also requires sufficient income proof which consists of the two most recent pay stubs, 6 months of bank statements, previous two years worth of tax return documents, of an official offer letter typed and signed on company letterhead. Always verify rental history and employment information by calling previous landlords and current employers. For a list of questions that we ask previous landlords, click here. Always run a credit check and criminal background check so you know if your tenants are responsible with paying their bills and to limit your liability as a landlord. 

Streamlined Rent Collections

One of the ways to prevent late rent payments is to communicate clearly and effectively when rent is due, where it can be paid, the penalty if the payment is late, and the correct amount due each month at the time of lease signing. Property management companies in Sacramento must keep up with the times in regard to technology. Very few tenants still pay with a paper check. The majority of renters want an electronic rent payment service, and Select can deliver. Our online tenant portal allows tenants to pay rent with the click of a button and be done within seconds. We also have an automated alert system that tells us who has failed to pay rent and the course of action that needs to be taken. If rent is unpaid after your grace period, you must deliver a 3 Day Notice to Pay Rent or Quit to the unpaying tenant. If they still fail to pay rent, you should contact your legal counsel for directions moving forward with filing an Unlawful Detainer. 

Get Cost Effective Maintenance with the Top Property Management Companies in Sacramento 

When property owners hire property managers, they often get the privilege of discounted prices from vendors. Clients of Select enjoy even deeper discounts than the average management company offers. We hire only licensed and insured vendors who have proven track records. Many of our vendors have been servicing our multiple properties for years, and are highly skilled and trusted in their industry. At Select, we believe in preventative maintenance. We conduct biannual property inspections to assess needed maintenance, make repairs before they turn into big maintenance issues, ensure tenants are in compliance with the lease agreement, and care for any seasonal maintenance. Proactive maintenance saves our property owners thousands of dollars every year. Our experienced professionals also act promptly when maintenance requests are received in an effort to keep costs down, tenants happy, and caring meticulously for your property. 

Professional and Trusted Staff

It takes a lot of trust and homework to find a property management company in Sacramento that is right for you. It takes interviews, asking the right questions, and comparing prices to make an educated decision for your investment. Select is known for having three decades of experience, highly trained professional leasing agents, skilled and thorough vendors, and most of all, trust. Our expertise serves us well in all areas of property management and allows us to protect our clients and get them the best return on investment they have yet to see. Put your faith in us, call us today

Your Guide to Faster leasing with Sacramento Rental Property Management Company, RPM Select

The quicker you can find a new tenant, the better. True or false? True, unless you are lowering your standards to fill the vacancy more quickly. What if we told you that you could have both; fill a vacancy in record time and find a highly qualified tenant who is respectful of your property? It can be difficult to find, but it is possible in rental property management. Sacramento team, Real Property Management Select, has a proven leasing process that gives property investors the package deal. Below is a step-by-step guide that has been proven over and over again to shorten vacancy times and get property owners the type of tenant they deserve.

Act Quickly

Everyday that your property sits vacant, it costs you money. For example, if your rental price is $2,175 and your property sits vacant for two weeks, you have lost out on $1,015 cash flow. When your property is occupied, it brings in $72.50 every day. Think about it, that money goes a long way. It can buy groceries, fuel for your car, or pay your cell phone bill in two or three days. Sacramento rental property management professionals at Select are aware of the impact vacancies can have on your bottom line. That is why they act quickly to get the property rent-ready. Getting a property rent-ready includes rekeying the property, maintenance, paint, carpet cleaning or replacement, re-caulking of tubs, showers, and sinks, taking care of any updates, cleaning of the property, and much more.

Determine a Rent Rate

One of the biggest mistakes landlords can make is marketing their rental property at the wrong price. If you price it too low, you will fill the vacancy quickly, but run the risk of lower quality tenants. If you mark the rent price too high, you will find yourself with a prolonged vacancy. Rent prices in rental property management in Sacramento must be handled delicately. The industry experts at Select have more than 30 years of experience in conducting market comparisons. They research which properties are currently listed for rent, what amenities are included in the property, the location of the property, and services offered in order to determine an accurate rental rate.

Advertise Aggressively

The easiest and most efficient way to advertise a rental property is through online platforms. Renters want to see a variety of properties in the quickest and easiest way possible. The internet allows them to do exactly that. They can scroll through websites and click from one property to the next, all from the comfort of their couch. Start with advertising on some of the top used rental home search sites like Zillow, Hotpads, Craigslist, Trulia, and your local online classifieds in Sacramento. Rental property management teams should also advertise on their websites. Place “For Rent” signs in the front yard or outside the complex of your condo to maximize the amount of people that see your property is available for rent.

Respond Quickly

Answer all inquiries on demand. Make yourself available to answer phone calls, text messages, emails, and walk-ins. The best time to talk to someone interested in your property is when it is convenient for them. When you respond immediately to inquiries, you are more likely to find your tenant quickly. In addition, many rental home seekers are calling multiple properties back-to-back and can easily lose track of which property is which. A quick response time helps prospective applicants know if they are sincerely interested in your property. The best rental property management Sacramento teams schedule professional showings within a 24 hour time period of accepting an inquiry. Try to get your interested applicants in to see the property very quickly. The further out the appointment is, the less likely they are to follow through and show up to it.

Applications

When it comes time to accept rental applications, require that all people who are 18 years or older submit a filled out and signed application. When they return their application, they must also provide sufficient income proof, an application fee, and a security deposit. Once you have verified that you have all of the above mentioned documents, conduct background checks. These checks should include credit, criminal, and rental history verification. Sacramento rental property management team, Select, collects applications from as many applicants as possible. Doing so gives them the opportunity to pick the highest qualified tenant.

Lease Signing and Move-in

The leasing stage of rental property management in Sacramento is often the most stressful. Once you have reached the lease signing step, you can breathe a small sigh of relief. When it comes to signing the lease agreement, clearly explain each paragraph to your new tenant to ensure they understand everything that is expected of them. Allow them enough time to read every word of their lease agreement before signing it. Clearly outline when rent is due each month, how they can pay rent, the correct amount of rent, what happens if they fail to pay, how to communicate maintenance requests, tenant rules while on the property, and more.

Why You Need the Best of Rental Property Management in Sacramento

When you choose Select, you can expect regular leasing updates and first-class customer service. We get our clients the most qualified tenants, lock them in for longer lease terms, and we do it all in record time. Do not allow yourself to lack the resources or knowledge to rent your property efficiently. Increase your cash flow and reduce your stress. Call us today.

How Property Management Companies in Sacramento Avoid Evictions

Evictions are easily one of the most expensive and stressful situations a landlord can find themselves in the property management industry. They are costly, time consuming, and must be carried out perfectly and with proper legal counsel to be valid. Private landlords and professional property management companies in Sacramento can do their homework for hours on tenants; checking credit, verifying income proof, checking personal references, and conducting background checks, but the truth is, an eviction can fall on even what appears to be the safest and most reliable tenants. Life happens, income can be uncertain at times, or tenant circumstances and lease agreement compliance can change. There is no guarantee that you will be eviction-free as a landlord. But there are some precautions that landlords can take to protect themselves.

Screen Thoroughly and Rigorously

If you have experienced the leasing phase of property management, you know that with each application, comes a new scenario. You may think you have found the perfect tenant, but as you run their application, you find their credit score is in the high 500’s. Or their income is not sufficient. Or they have had an eviction on their record within the past seven years. You find yourself getting frustrated and desperate to lock in a tenant. Do not fall victim to settling for a tenant who does not qualify. Property management companies in Sacramento warn landlords to keep their tenant screening standards high, regardless of how long it takes to find a tenant. Below is a list of some of the most common reasons you can legally deny a tenant application:

  • Low credit score: If a credit score is lower than 620, you can reject a tenant application. Credit scores show landlords if tenants pay their bills in full and on time.
  • Insufficient Income: A good rule of thumb is to require a minimum of at least three times the rent amount. If rent is $2195, the tenants gross household monthly income must be at least $5,268. This ensures your tenants makes enough to not only pay rent, but also pay their monthly bills and everyday expenses.
  • Failure to Provide Income Proof: Property management companies in Sacramento state that sufficient income proof is defined as the following: two most recent pay stubs, previous year’s tax return documents, six months of bank statements, an offer letter on official letterhead, or a social security benefits statement. Always verify the income by contacting the human resources department of the applicant’s employment.
  • Pets or Smoking: If an applicant states that they have a pet and you have a no pet policy, you can legally deny their application. Be careful that you do not deny a service animal. Cigarette smokers are not a protected class. You can have a no smoking policy in your lease agreement without discriminating against any protected classes.

There are many more legal reasons you can deny a tenant application, but the ones mentioned above are the reasons landlords see most often.

Property Management Companies in Sacramento Handle All Eviction Correspondents Legally

Evictions are often unexpected, but always stressful. As a landlord, it can be frustrating to not handle things your way. Evictions must be carried out in accordance to the law. Legal counsel will often advise landlords to have no verbal contact with their tenants during the eviction process, as this could halt the process. If you have a legal reason to evict a tenant, counsel with your lawyer. Here are a few reasons that property management companies in Sacramento can legally evict a tenant:

  • Failure to pay rent on time
  • Criminal activity
  • Causing damage to the property
  • Unapproved pets
  • Unauthorized tenants
  • Indoor smoking on the property
  • Subleasing of the property
  • Nuisance complaints
  • Threats against other tenants

Evictions can take as long as four to six weeks to be completed and can cost upwards of $5,000 if the tenant decides to contest the eviction in court. If no contest from the tenant, court fees can cost between $400 and $750. This does not include the loss of rent during the eviction, cleaning fees, or hauling fees if the tenant fails to remove their personal items from the property.

RPM Select’s Eviction Protection Program

Property management companies in Sacramento know that the eviction process takes an emotional toll on landlords. That’s why Real Property Management Select created the Eviction Protection Program. This is a program that costs property investors a low monthly fee, that protects them if an eviction occurs at their property. This low monthly fee pays for the filing, legal fees, and court costs in the event of an eviction. It does not cover a writ of possession or the move out costs of the tenant.

Why You Need Select

Collections and evictions are part of business in this industry. With Select, you get trustworthy service from professionals who have more than 30 years of experience in property management. Whether it is an eviction, lease compliance issues, or you simply need help finding the right tenant, we have your back. There is a reason we are ranked as one of the top property management companies in Sacramento. Call us today.

Additional Services Offered by RPM Select, The Leader In Property Management In Sacramento

The majority of property management companies require that you hire them for the whole kit and kaboodle. They want your money and they will find ways to mask hidden fees without you noticing. Unfortunately, this can put a bad taste in property investor’s mouths for the rest of the management companies who are honest and upfront about all costs. At RPM Select, our clients will never find a hidden fee or extra cost they did not expect. We simply do not operate that way. We put our client’s needs first and make that our priority in property management. Sacramento property investors can hire Select for as much or as little work as they need and we always respect their wishes. We offer additional services to accommodate all investors.

Lease-Only Service

One of the most exhausting and risky tasks that landlords can participate in is the marketing and leasing phase of property management. Many things can go wrong during this crucial time if they are not educated and cautious in their proceedings. Landlords can run into hiccups in Fair Housing Laws, accept applicants with bad credit or rental history, fail to market in the right places, or neglect conducting market comparisons to ensure they will get top dollar for their rental. Select is the top pick for investors for property management in Sacramento because these mistakes will never be made with us on your side. If you are looking to rent out your property faster, find highly qualified tenants, market aggressively, and have all things done legally, you need Select. We offer lease-only contracts to property owners who do not need the continued management service once the property is occupied. You are not obligated to any other fees or contracts when you choose the lease-only option. Some of the things that are included in the lease-only contract include the following:

  • Re-Keying of the property
  • Repairs and updates to the property
  • Cleaning of the premises
  • Aggressive marketing and advertising
  • Showings of the property
  • Rigorous tenant screening process
  • Curb appeal maintenance
  • Lease signings

Once your tenant has moved in, we move out of your way and your bank account. If you desire more help after this process, we would be happy to assist you.

Preferred Vendor Partnerships

Maintenance costs can be expensive and inconvenient. Our clients who participate in a Sacramento property management contract with Select will get access to our preferred vendor pricing and partnerships. We hire only licensed and insured vendors who have reputable track records. They offer us deep discounts on service and parts, which we pass on to our clients. Whether it is a small repair to a garbage disposal or a leaking pipe that has caused thousands of dollars of damage, you no longer have to worry about high maintenance costs eating away at your profit. And no more phone calls to multiple vendors or waiting for quotes to come rolling in. Our professional property management Sacramento team works quickly and efficiently to respond to maintenance requests from tenants and schedules the proper vendors. Clients who participate in our vendor partnerships remove liability from themselves, which in turn protects them from legal fees in the future.  

Eviction Protection Program

Did you know that one in seventeen renter households between the years of 2000 and 2016 received eviction filings against them? According to data collected by The Eviction Lab at Princeton University, one in forty households were actually evicted during this time. Did you also know that an eviction can cost a property owner roughly $6,000 – $8,000 and can take four to six weeks? Just think of the monetary losses and headaches evictions can cause for property owners. The risk of eviction is not worth it. As the leader in property management in Sacramento, we take every precaution to prevent an eviction for our clients. We have a rigorous and proven tenant screening process, which has helped us achieve a less than one percent eviction rate. But we cannot guarantee it will not happen. That is why we offer an Eviction Protection Program to our clients. Our Eviction Protection Program costs $19/month and covers the following:

  • Servicing the Complainant with a Notice to Vacate
  • Preparation of Paperwork and Filing
  • Lawyer Fees
  • Two Appearances in Court
  • Court and Filing Fees
  • Coordination with Law Enforcement for Notices to Vacate
  • Writ of Possession

Do not gamble with the risk of eviction. Keep your investment safe and let us protect you from an expensive eviction.

Why Clients Get the Best Sacramento Property Management Service From Select

If you are looking for the most experienced and professional property management team, Select is the choice for you. We handle all things property management including turnover, maintenance, property inspections, marketing, showings of the property, application processing, lease signings, rent collection, evictions, and renewals of contracts. You can rest easy knowing our 30 years of unmatched experience has served us well in protecting property investors. Call us, the leader in property management in Sacramento, today.