Property Management in Sacramento CA

Why Studies are Showing People Renting Instead of Buying

It may seem surprising, but multiple research studies conducted by Zillow and NYU show that people are choosing to rent instead of buy houses in major cities across America. Whether they choose to rent or are forced to rent due to affordability, the research results tell the facts. The facts that allow real estate investors like you to make more money. The stigma of renting has adapted to a positive light as renters find they can get more space for their money than with buying in a market with pre-recession prices. If you are looking to get into the rental property management Sacramento scene, there is a lot of money to be made off renters.

Major Cities that Saw Increases in Renters

A study conducted by Zillow researchers found that the amount of renters versus homeowners in America from 2006 to 2016 increased overall by 5 percent. Of the top 50 urban areas in America, 29 of them were made up of a majority of renters. That is more than 50 percent. Below is a list of the largest metro areas in the United States and the percentage of renters in 2016 in the urban area, as well as the increased percentage of renters between 2006 to 2016:

  • Albuquerque, New Mexico – Renter Rate: 39.6 percent, increase of 0.9 percent
  • San Francisco, California – Renter Rate: 62.1 percent, increase of 1.4 percent
  • Austin, Texas – Renter Rate: 55.1 percent, increase of 2.4 percent
  • New York City, New York – Renter Rate: 68.0 percent, increase of 2.4 percent
  • Omaha, Nebraska – Renter Rate: 43.4 percent, increase of 2.4 percent
  • Arlington, Texas – Renter Rate: 44.5 percent, increase fo 2.6 percent
  • Oklahoma City, Oklahoma – Renter Rate: 40.8 percent, increase of 2.9 percent
  • Fresno, California – Renter Rate: 53.5 percent, increase of 3.3 percent
  • Houston, Texas – Renter Rate: 56.9 percent, increase of 3.3 percent
  • El Paso, Texas – Renter Rate: 42.1 percent, increase of 3.4 percent
  • Fort Worth, Texas – Renter Rate: 42.9 percent, increase of 3.4 percent
  • Boston, Massachusetts – Renter Rate: 65 percent, increase of 3.6 percent
  • Los Angeles, California – Renter Rate: 64.1 percent, increase of 4.1 percent
  • New Orleans, Louisiana – Renter Rate: 53.7 percent, increase of 4.4 percent
  • Raleigh, North Carolina – Renter Rate: 50.9 percent, increase fo 4.4 percent
  • Tucson, Arizona – Renter Rate: 49.5 percent, increase of 4.4 percent
  • Sacramento, California – Renter Rate: 52.4 percent, increase of 4.5 percent
  • San Diego, California – Renter Rate: 54.3 percent, increase of 4.8 percent
  • San Jose, California – Renter Rate: 43.1 percent, increase of 4.8 percent
  • Baltimore, Maryland – Renter Rate: 54.3 percent, increase of 4.9 percent
  • Portland, Oregon – Renter Rate: 48.0 percent, increase of 5.1 percent
  • Tulsa, Oklahoma – Renter Rate: 50.7 percent, increase of 5.3 percent
  • Oakland, California – Renter Rate: 61.7 percent, increase of 5.4 percent
  • Chicago, Illinois – Renter Rate: 56.3 percent, increase of 5.6 percent
  • Denver, Colorado – Renter Rate: 50.0 percent, increase of 5.6 percent
  • Long Beach, California – Renter Rate: 62.3 percent, increase of 5.7 percent
  • Seattle, Washington – Renter Rate: 53.9 percent, increase of 5.8 percent
  • Dallas, Texas – Renter Rate: 59.2 percent, increase of 5.9 percent
  • Baton Rouge, Louisiana – Renter Rate: 53.2 percent, increase of 6.0 percent
  • Miami, Florida – Renter Rate: 69.9 percent, increase of 6.1 percent
  • Philadelphia, Pennsylvania – Renter Rate: 47.9 percent, increase of 6.1 percent
  • Jacksonville, Florida – Renter Rate: 43.4 percent, increase of 6.4 percent
  • Kansas City, Missouri – Renter Rate: 47.0 percent, increase of 6.4 percent
  • Columbus, Ohio – Renter Rate: 56.0 percent, increase of 6.5 percent
  • Washington, D.C. – Renter Rate: 60.8 percent, increase of 6.5 percent
  • Nashville, Tennessee – Renter Rate: 47 percent, increase fo 6.7 percent
  • Colorado Springs, Colorado – Renter Rate: 42.5 percent, increase of 6.9 percent
  • Indianapolis, Indiana – Renter Rate: 47.6 percent, increase of 7.0 percent
  • Milwaukee, Wisconsin – Renter Rate: 59.2 percent, increase of 7.0 percent
  • San Antonio, Texas – Renter Rate: 46.4 percent, increase of 7.2 percent
  • Minneapolis, Minnesota – Renter Rate: 53.3 percent, increase of 7.4 percent
  • Virginia Beach, Virginia – Renter Rate: 37.8 percent, increase of 7.4 percent
  • Phoenix, Arizona – Renter Rate: 47 percent, increase of 7.5 percent
  • Cleveland, Ohio – Renter Rate: 58.2 percent, increase of 7.7 percent
  • Charlotte, North Carolina – Renter Rate: 47.8 percent, increase of 8.2 percent
  • Atlanta, Georgia – Renter Rate: 58.7 percent, increase of 8.3 percent
  • Mesa, Arizona – Renter Rate: 40.7 percent, increase of 8.5 percent
  • Honolulu, Hawaii – Renter Rate: 58.3 percent, increase of 9 percent
  • Las Vegas, Nevada – Renter Rate: 47.3 percent, increase of 9 percent
  • Memphis, Tennessee – Renter Rate: 56.1 percent, increase of 11 percent

While the above list is mind-boggling at the percentage of people renting in major cities in 2016, it goes to show that housing prices are too high for people to afford to buy. They are choosing a lease over a loan. Rental property management in Sacramento proves to be an ideal investment and business venture with more than half of the residents identified as renters. Over a ten year period from 2006 to 2016, it saw a 4.5 percent increase in renters. Experts predict this number to increase as home prices are continuing to climb while inventory stays low.

Cities with the Most Shocking Numbers in the Rental Market

In the 2016 research study mentioned above by Zillow, the cities with the most shocking percentages of renters include San Francisco, New York City, Boston, Los Angeles, Oakland, Long Beach, Miami, and Washington, D.C., all coming in at over 60 percent. Notice that 50 percent of these aforementioned cities are located in California, where the rental market is strong. Memphis, Tennessee takes the cake with the highest percentage increase of renters from 2006 to 2016 with an 11 percent increase. The runner-ups were Las Vegas and Honolulu with a 9 percent increase.

Why are Housing Prices So High?

Sacramento rental property management companies have studied the reasons why housing prices are so high, making it unaffordable for even the first-time home buyer looking at a starter home. A Housing Outlook released by Forbes.com noted that a senior economist with Zillow ties the increased housing prices to a “tightened inventory, rise in prices, mortgage rates barely budging, and while new construction picked up at the end of 2017, it wasn’t at the starter price points where it was needed.” Economists also note that home prices are rising more quickly than wages, salaries, and inflation, tilting the more desired option for housing towards the rental market instead of home-ownership.

Sacramento Rental Property Management Going Strong

As the majority of residents in Sacramento continue to rent (at a 52.4 percent rate), real estate investors can feel confident in their investment and know that their financial portfolio is strong. While housing prices are at a high, there is still money to be made by purchasing a rental property. The demand for rentals is high enough in the area that landlords can still find high quality tenants. RPM Select is the expert rental property management company in Sacramento and helps landlords avoid the headache of managing a real estate portfolio. Sit back and relax while Select takes on the management side. Call us today.

Investing: Why Choose Single Family Homes Over Multi-Family Housing

You made the wise decision to invest in real estate, a portfolio that will leave your financial goals limitless. If you have already done your research, you have decided which type of property to purchase. If you are at the beginning stages of deciding to invest, let the experts of the top Sacramento property management company, RPM Select offer their experience and research.

Why Single Family Over Multi Family?

Each has its pros and cons, but the answer is simple when it comes to making money. Single family homes make more rent money than an a single apartment or condo. You have a greater rental price markup for single family homes when you choose it as an investment over an apartment or condo. However, the tables turn when purchasing a duplex, triplex, or fourplex. When looking at vacancy rates, single family homes have higher occupancy rates and less turnover than multi family housing. This is generally due to the fact that the target audience for single family homes are families, with a few children. These children are enrolled in local schools, which entice the families to put down roots for longer periods of time than those who rent smaller spaces, like apartments, which have the flexibility to be more transient. Mortgage lenders see single family homes as lower risk investments than apartments. This is due to the fact that if the economy takes a turn for the worse, single family homes hold their value better than condos and apartments. Lenders accept lower down payments and will give lower interest rates to owners of a single family home over a multi family complex.

What Do Renters Look For In a Rental?

Sacramento property management companies know it is not rocket science when it comes to guessing what potential renters look for in a house. Aside from “location, location, location,” prospective tenants searching for single family homes typically want three bedrooms and two to three bathrooms. These clients usually have a couple children and desire a fenced backyard, close proximity to good schools, and a relatively quick commute to work. Many of the single family home renters are millennials which range in age from twenty-nine to thirty-six, which are in childbearing years, leading them to seek homes with multiple bedrooms. Millennials like modern, open floor plans, so if you are searching for an older home that does not offer an open floor plan, consider searching for a newer home if your budget allows, or find an older home that either already offers an open floor plan, or one that can be altered into an open concept for a relatively affordable price. Do your research on the schools in the neighborhood you are looking to buy. Schools with good reputations can easily sway a renter in the direction of your investment property.

How Sacramento Property Management Companies Capitalize on Technology

Single family home renters are made up of mostly millenials who, as property management companies know, are glued to their technology devices. According to a National Multifamily Housing Council 2017 study, 43 percent of residents who live is rental homes are in single family homes, while 36 percent reside in communities that offer five or more units for rent, meaning large apartment complexes. Select knows how to reach the target audience in the 43 percent. The quickest and easiest way to reach prospective tenants is to advertise your single family home rental online, across multiple websites. Some of these include Zillow, Trulia, Hotpads, Craiglist, Facebook, and local classifieds within your community. The more platforms you advertise with, the more quickly you will fill your vacancy with high quality tenants. Some Sacramento property management companies are even using technology to their advantage by taking it one step further and utilizing smart entry, allowing prospects to “show themselves in.” Using smart access technology allows management companies to let vendors and technicians into the property during the turnover process to make repairs and updates to the property.

Is There Room for Growth?

The United States Unemployment Rate is holding steady at a 49 year low. As more Americans are employed and their incomes rise, the more house they can afford to rent. The U.S. economy on a whole is healthy and job wages are continuing to increase. Sacramento property management companies and investors alike see that mortgage lenders have tightened the parameters on borrowers, steering those in search of a home toward renting rather than purchasing a home. Housing prices are and have been highly inflated during the 2017 and 2018 calendar years and housing experts do not expect housing prices to drop until at least 2020. This means prospective renters of single family homes still need a place to live, but cannot afford to buy, yet. Real estate investors should capitalize on the rental market while they still can.

Invest with a Single Family Home Purchase and Hire Select

If you are interested in growing your financial portfolio, investing in a single family rental home may be the right choice for you. The leader of Sacramento property management companies, Select, has your back from the beginning to the end. Select has over 35 years of experience in everything from advertising, to qualifying tenants, to managing the property, to the turnover process, to rent collection, and much more. It is a one-stop-shop for successful property investors. Call us today.

Why Rent Out Your House with Property Management Instead of Selling

Let’s say you’ve been a homeowner for 15 years, raised children in your home, held down a good and steady job in the community, made memories to last a lifetime, and cared meticulously for your home over the years. As time has passed, you’ve either outgrown the home as you have welcomed new babies or are ready to downsize as your children have moved out and grown up. Maybe after all those long years of hard work, it’s time to retire in a comfortable climate that promotes the desired lifestyle of laying by the pool, golfing, shopping, and visiting grandchildren. Or perhaps you are ready to upgrade your starter home. Whatever your circumstances, Sacramento property management company, RPM Select, urges homeowners to carefully consider the decision of renting out your home versus selling.

Principal, Interest, Down Payments, and Closing Costs

During the first part of a 30 year mortgage, most of the money in your monthly payment goes to pay down the interest. Very few dollars go towards the principal of the loan amount. Of course this is dependent upon the length of the term, your interest rate, and down payment. Don’t let all those years of paid interest go down the drain. You made the monthly mortgage payments, now let someone else make them for you until the house is paid off.

Remember that large lump-sum of money you transferred from your bank account all those years ago the day you closed on the house? Down payments and closing costs account for a big amount of the money you spent on your home. Closing costs typically range between five and ten thousand dollars, which have nothing to do with the equity you gain your home. Selling your home, when you don’t need the cash to purchase another property, would be unwise.

Building Wealth and Equity Through Tenants

Sacramento property management companies know that purchasing an owner occupied property and living in that property for a few years works in your benefit if you plan to build wealth with real estate investments. Interest rates for owner occupied homes are directly affected by credit score, the type of investment property, and your down payment. Let’s pretend your interest rate would be 4.5 percent for an owner occupied residence. However, if you choose to buy a house with the immediate intent of renting it out, you could plan on an interest rate closer to 5.0 – 5.25 percent for a single family residence. This proves the benefit of property management in Sacramento, CA, when choosing to rent out your once owner-occupied home, and transition it into a tenant-occupied home. Lower interest rates.

Few things are as wonderful as having someone paying for equity in a house for you. As your tenant makes the required monthly payment, you are getting further along in your quest to build wealth in the real estate market. Put simply, your tenants are buying a house for you. If you eventually choose to sell the home, you get all the equity back, not the renters. Homeowners who transition their homes into investment properties must ensure the rent amount covers the all home expenses, as well as protects you during vacancy times. If it does not, you may reconsider your option to rent.

Some Things to Consider in Sacramento Property Management

Is it Profitable? If only it were as easy as collecting an on-time rent check once a month, renting out your house would be a piece of cake. Unfortunately, it’s not that easy. That’s why property management companies exist. They do the dirty work for you, sometimes quite literally. Before choosing to rent your your home, it is crucial to do market research to determine the rent rate you could ask for your property. Your asking rent rate must be sufficient to cover the principal and interest (mortgage), HOA fees, taxes and insurance, maintenance, advertising, vacancy, and Sacramento property management fees. If your asking rent rate covers these expenses and more, you are looking at a positive cash flow rental property – the best of all worlds.

How’s the Market? Just like home prices, the rent market has been on the rise in recent years. Some housing markets seems almost fail-proof with rising numbers – the Bay Area and Sacramento markets being some of them. Some homeowners feel the need to make big repairs to their home before selling in order to get top dollar, but when you choose to rent out your home, time is on your side. If you are short on funds right now, you might have the money for the repairs in six or twelve months. Renting out your home for now would allow you time to save for those repairs. And who knows, you might like renting out your house so much, you keep the property as a rental forever.

Are you coming back? In the fast-paced world we live in, we sometimes feel the need to make life altering decisions immediately. Decisions like, “should I sell or rent my home?” This decision should not be a hasty one. However, many homeowners relocate for jobs or retirement, and do not know where the next turn in the road will take them. They like the security of knowing they have a “home” to go back to, if things do not work out elsewhere. Selling and purchasing another home incurs costs. You save money and gain more equity in your home when you choose to rent it out with companies who specialize in property management in Sacramento, CA, like Select.

Let someone else build your wealth through real estate investments by choosing to rent out your home with our expert team at Select. Call us today.

Why You Shouldn’t DIY in Sacramento Rental Property Management

The DIY fad has been on the rise since the birth of the internet, finding ways to save yourself money by doing-it-yourself. While projects can be fun and get your creative juices flowing, you don’t want a property management project. Take it from real estate investors who have learned the hard way, or should we say, the “do-it-yourself way.” RPM Select has found that DIY in property management most often leads to stress, loss of sleep, endless internet research on how to fix things when they break, and time-intensive research on how to adhere to the housing laws to avoid lawsuits.

Time is Money

Time is your most valuable asset. Think about it—you can always get more money, but you cannot get more time. Time is limited. Time is what gets stolen away from you when you choose to be a DIY landlord. It sounds harsh, but it is reality. Sacramento rental property management does not take vacations or holidays. It comes knocking on your door at 3:00 AM when you have to get up for work at 6:00 AM during a weekday. Or on the weekend when it’s your only day to sleep in. It calls your cell phone on Christmas morning while your family is wrapped up in the magic and tearing open presents. It comes emailing even when you are sitting on the beaches of Bora Bora with your sweetheart soaking up the warm sun and smell of coconut sunscreen.

Everything from inspecting the property on a tenant move-out to scheduling maintenance to paying vendors and ensuring they completed their work to advertising of the property, conducting property showings, proper tenant screening, lease agreement signings, collection of rent payments, chasing down rent payments when a tenant doesn’t pay, maintenance, and handling of the finances all takes time and energy. In addition, tenants want a landlord who is available. Allowing yourself to be available at all times helps with tenant retention and encourages renters to take better care of your property. Do you have time for all of this? If so, be our guest and DIY in the property management industry. If you’re like most people, you may reconsider and hire a Sacramento rental property management team, like Select.

Be Friendly, But Not Friends

Finding a balance between good cop and bad cop can be difficult. You want your tenants to like you, but you also need them to respect you and the lease agreement rules. That’s why it is wise to be friendly, but not friends, with your tenants. Sometimes this can be a thin line in rental property management. Sacramento investors should think of their rental property as a business, and not as a personal asset. When you have the business mindset, you can easily stick to your lease agreement rules. For example, what will you do when your tenant comes to you and says they lost their job and their car broke down last week, leaving them with no money left to pay rent. While the sympathetic personal side of you will want to say, “I’m sorry to hear this. Please pay when you get your next paycheck,” the business side of you will say, two weeks down the road, “Where is that rent check? I never should have bent the rules like this.” Always follow the lease agreement rules and treat all tenants the same way. If you do not have the strength or firmness to be strict and follow your lease agreement rules, it would be wise to find a management team. Bending the rules for one tenant, but not the other, can lead to discrimination lawsuits.

Follow Sacramento Rental Property Management Laws

Failing to follow the housing laws, can lead to endless hours of stress, loss of money, and time in court. A recent lawsuit filed by The U.S. Department of Urban and Housing Development (HUD) against Facebook claims that the social media website which also allows users to advertise items for sale, including rental properties, was participating in housing discrimination. In the press release, HUD claims that rental property owners were able to control and select which types of Facebook users could see their ads, discriminating against race, color, religion, sex, familial status, national origin, disability, and zip code, all of which are protected classes under the Fair Housing Act.

Failure to treat all persons equally is a quick way to land yourself in court in rental property management. Sacramento rental properties are often patrolled by “secret shoppers.” These “secret shoppers” pretend to be interested in your property, but they are undercover agents for companies looking to file discrimination lawsuits against property owners and management companies who may be discriminating against protected classes of people. This is why it is so important to treat everyone equally when showing properties, accepting applications, and during tenancy. With so many housing laws, it is difficult to stay educated on all of them. Select participates in regular education courses to stay informed on all local, state, and federal laws.

Save Yourself a Headache, Hire Select

Select’s management fees are so reasonable, they practically pay for themself. Our vacancy rates are lower than our competitors and our tenant retention is exemplary. We save our property owners time, money, stress, and the risk of lawsuits. Keep your rental property safe. Call the top Sacramento rental property management team, Select today to receive a quote for service.

Choosing the Right Property Management Companies, Sacramento

Picking out a property management company is like picking out the perfect nanny or babysitter for your child. You interview, do your research, check references and reviews, and hope you’ve made the right decision. When you choose RPM Select, you don’t have to hope you’ve made the right decision. You will know you’ve made the right decision when choosing us over other property management companies Sacramento. Just take a look at some of our reviews from Yelp and BirdEye.

Renters

“I just signed my third year lease at a property managed by Kathryn and her staff from Real Property Management. Whether you are a renter or a property owner I don’t think you can do better than this firm. They routinely inspect the properties to ensure the tenant isn’t causing damage and to identify any items that may need attention. When I telephone their office they know who I am and where I rent. You aren’t just another number with this property management office. Their services are accessible, they are quick to respond and any repair services needed are done well. This property management office/staff is truly the best. It doesn’t get any better than this.” Shirley D. (5 Stars on Yelp)

“This property company had managed the rental home I resided in for more than 2 years.  They have always been extremely professional and punctual. I had a few maintenance issues arise and I was always responded to in a timely manner.  I have had several communications with Kathryn Guthrie and she had been fantastic to work with and super helpful.  Walk thru was quick and painless: Would definitely recommend this property company should you ever rent. Thanks again.” Grace R. (5 Stars on Yelp)

Loyalty and Retention with Property Management Companies Sacramento

Select values loyalty and knows how to keep tenants happy and renewing their lease agreements year after year. The top property management companies Sacramento know that availability at all hours of the day and night, as well as a quick response time are invaluable to both real estate investors and renters. Everybody likes to feel like they matter and are cared about. That’s one of the many attributes Select provides to its clients and tenants. Let’s see what property owners have to say about Folsom property management company, Select:

Property Owners

“I’m a property owner who lives just far enough away to make having property management the only solution. RPM Select was easy to work with, has dealt well with my hysterical phone calls when something doesn’t go right or I got a notice I didn’t understand and was panicking. They repaired an issue with my house for significantly cheaper than any quote I received. They selected a quality tenant who’s stayed with me since I started renting the property out over 3 years ago. Thanks, RPM Select.” Jamie (5 Stars on Yelp)

“I want to say that as a new landlord, I was a bit wary of not doing everything myself and hiring a property management company.  However, I am pleased with the job Real Property Management Select has done to this time after five months have passed on the contract. They made some important repairs to my property prior to obtaining a tenant, and they found a paying qualified tenant in a relatively short time. Their office is run efficiently and they answer any inquiries I may have promptly.  The charges are reasonable. … All in all I am quite pleased to this point and I recommend this firm for your property management needs.” Steven (4 Stars on Yelp)

“RPM Select did a wonderful job at finding me a tenant for my property. They did an extensive review of the house and let me know everything I needed to take care of to pass the renter’s inspection program and the house was advertised on every available website for the area. Finally, they found me the ideal tenant for my house. I was very pleased with the level of service I received from the Real Property Management team.” Ari (5 Stars on BirdEye)

“RPM Select was great to my family and I. I have properties all over the country and my job as a real estate investor became so much easier when I found RPM Select. I use them to manage all my properties across the country, and they make my job a whole lot easier. I wouldn’t be able to handle half of the properties I own if it weren’t for RPM Select.” Robert (5 Stars on BirdEye)

Why Property Owners Choose Select

It’s clear that Select is the top choice for investment property owners when shopping for property management companies Sacramento. The professional team at Select has your same goals in mind. We handle everything from inspections of the property, to scheduling vendors and technicians for repairs, advertising, showing of the property, rigorous tenant screening process, lease agreement signing, maintenance of the property once occupied, compliance with the lease terms, renewals, move-out, and the turnover process. As mentioned above, our clients do receive discounted repair costs through our preferred vendor pricing whether their property is in Auburn, Elk Grove, or Folsom. Property management is a tough and time consuming business. Let Select put you as our priority and provide you with fast and reliable service. Give us a call today.

How to Choose the right Property Management Company

Deciding on a property management company can be a daunting task. Did you do enough research? What if there are hidden costs? What if I don’t get along with the property manager? Will their goals be the same as mine? There are many unknowns when choosing a property management Sacramento, CA, company, but RPM Select has put together this list of the right questions to ask, so you don’t second-guess your decision.

  1. Is the company dedicated exclusively to property management?
  2. How long have they been managing residential rentals, and how many properties?
  3. What training/certifications has the company received?
  4. Who do I contact with questions and how quickly will I get a response?
  5. How do I know what is happening with my rental property?
  6. How long, on average, does it take to fill a vacancy?
  7. What additional fees will be charged in addition to the management fee?
  8. How will maintenance costs be kept down?
  9. How will the company avoid collection problems and evictions?
  10. How are compliance issues and legal protection handled for clients?

Which Property Management Sacramento, CA, Company Has the Right Answers?

Getting the right answers to these questions can provide you with peace of mind while your management team takes charge. Select property management company has the right answers to these questions.

  1. We are dedicated exclusively to managing rental properties for investors. Your success in owning a rental property is our only priority. Just like managing a mutual fund or investment in the stock market, we want your financial dreams to come true as we manage your real estate portfolio.
  2. Select has specialized in the management industry for over 30 years.
  3. Our experienced team knows the industry and stays current and in compliance with all federal, state and local laws and regulations. This includes all Fair Housing Laws, Equal Opportunity Laws, Americans with Disabilities Act, and many more.
  4. We provide a 24/7 hotline as well as an online owner portal for investors to contact our team about any questions, comments or concerns they have about their property. We encourage open communication both ways. Communication leads to success.
  5. Property investors can collaborate with our experience team on asking rent prices, see when rent payments are deposited into their accounts, see disbursements made, review status of an application, and discuss needed maintenance. They can call our 24/7 hotline or reach us through email.
  6. Our vacancy times are proven to be shorter than the average Auburn property management company. We have a proven process that allows us to quickly fill your vacancy with qualified tenants to reduce your risk of an eviction. We know that everyday your home sits vacant, it’s money out of your pocket. That’s why we understand time is of the essence. Upon a resident moving out, we immediately inspect the vacant property, make notes and schedule appropriate vendors and maintenance technicians, attractively market the property and schedule showings, and conduct our rigorous tenant screening process to get your home occupied as quickly as possible.
  7. Clients choose Select because we are transparent with our fees. To receive a quote for our services to manage your rental property, please call us today.
  8. Select keeps maintenance costs down by conducting regular property inspections. We catch the problems when they are still small to prevent big hits to your financial statements. As a client, you will receive preferred pricing from all of our vendors to save you money when your property does have a maintenance problem.
  9. Property management Sacramento, CA, tenant screening processes are not all created equal. Select requires that all tenants 18 years and older fill out and sign an application to rent and submit sufficient income proof. Our professional team then verifies employment and rental history, conducts credit, criminal, and background checks, and thoroughly explains the lease agreement to reduce your risk of collection problems or eviction.
  10. Compliance issues and legal problems are handled professionally and legally at Select with the help of our experience team and legal professionals. If an eviction occurs, we seek counsel from our legal team to ensure the process is handled correctly with notices and paperwork. We train our team to observe non-compliance with lease agreements which include pets, occupancy guidelines, non-compliance with pest control treatments, failure to pay rent, and much more. Protecting your investment is our priority.  

Why Investors Choose Select

When you partner with a professional Auburn property management company, like Select, rentals are a great financial investment. Let Select handle the details of your investment for you, so you can invest in real estate stress-free. We’ll help you avoid late night and holiday maintenance calls, costly fines, unnecessary vacancies, unexpected emergencies, and dealing with evictions or late rent payments. Call the top property management Sacramento, CA, company today!

How Property Management Teams Communicate in the Digital Age

There is no denying that the way people communicate in 2018 verses 2000 has changed drastically. Do you remember when you used to pick up a landline telephone and hand dial your friend’s phone number? You had it memorized and you would chat for minutes or even hours. How often do you call friends on the phone now? Is it mostly text messages that you use to communicate? And how about that landline? Has it been disconnected and you switched over to a smartphone? A 2017 Pew Research study shows that 77% of Americans own a smartphone and among those 77% are the younger generation who are also starting to make up the majority of the workforce. Communicating in the digital age is transforming at a fast pace in every industry. The top Sacramento Property Management company, RPM Select, is keeping up with the technology because it knows that communicating with both clients and tenants is imperative to the success of its business.

How Sacramento Property Management Companies Take Advantage of Technology

With the advantages of technology at your fingertips, Select offers the following suggestions on how to make your life easier, by utilizing technology:

  • Limit Your Paperwork – Turning to digital leasing contracts is the easiest and quickest way to make the best use of today’s technology in the property management industry. Though one piece of paper hardly takes up much space, printing lengthy lease agreements or other documents adds up quickly. With increasing real estate prices, companies can save money by cutting down on the amount of office spaced used by not having to store printed originals and copies of agreements, maintenance requests, notes, and much more. It’s also faster when looking up lease agreements or maintenance requests for references. To top it off, you get greater flexibility by having access to this information from anywhere by using cloud storage. You no longer have to be in your office to see the information you need, when you need it. Say goodbye to tenant application packets too. Rather than piling up hard copies in file cabinets, create online documents accessible with the click of a button. Have prospective tenants apply through an online screening process. Use a digital signature when signing a lease contract or application to rent. At Select, landlords and tenants utilize online portals to view all of these documents. No more wasted time, waiting around for people to turn in paperwork. An online approach to property management in Sacramento CA is the way to go.
  • Advertise and Market Online – When potential tenants are searching for houses for rent in Sacramento, they need to be able to find your information fast. There are too many competitors, and you need to be at the top of the list. Tenants do not want to drive around for hours with their eyes peeled for “For Rent” signs in the front yard. You are doing yourself a disservice by not marketing your rental home online. As a homeowner, utilizing online methods increases your profitability. You see shorter vacancy periods when using virtual resources. Use a variety of sites and resources to increase the amount of people that see your listing. Create vivid pictures, panos, 3Ds, interactive floorplans, or digital video tours of the property. These online virtual showings allow tenants to view your house at the time and place convenient for them. It’s gives them a better look at the layout of the floorplan and allows them to see more realistic features and characteristics of the house. Everyone knows photoshop can make anything look beautiful. Serious tenants want to see the real picture. Advertising online also give tenants the ability to schedule a live showing by submitting an online request and gives homeowners the greatest chance to get quality tenants into their homes.
  • Communicate
    • Client Communication – Seek out a management company that clearly communicated with its clients. Select utilizes an online owner portal to communicate and give live updates to its clients. When clients sign a Sacramento property management agreement with Select they automatically get access to an online owner portal. Here, they can interact with our live support team 24/7. Any questions or comments they may have about their property can be answered instantaneously. They can also view online updates on applications to rent, status of an application, see statement balances, and see when security deposit disbursements are made. Select believes in communication and transparency.
    • Tenant Communication – Sacramento investors cannot afford messy communication with their tenants. Lack of communication or messy communication is a quick recipe to end up in the courtroom. Select ensures there is a “paper trail” of interactions. In today’s digital age, that trail applies to more than a virtual stack of papers. This includes emails, online documents, and texts as well. This does not include phone calls or in-person conversations. That’s where digital notes on the management company’s part come into play. Document everything. Otherwise, you face a high level of risk and liability if caught in a legal battle. The last thing you want is to be stuck in a he-said, she-said situation. Remember that texting may or may not stand up in a court of law. Be careful what information you choose to communicate with your tenants through text.Tenants can also pay rent and submit maintenance requests through their tenant online portal.
  • Be Respectful – Choose to be respectful and make use of the Golden Rule. Words and contexts can be vague through digital communication. Speak and respond to requests and inquiries the way you would want to be treated. Do not call or text tenants, clients, or prospective tenants during hours you would not want to be contacted. When communicating, use proper grammar and spelling.

The basics of property management in Sacramento CA are the same as always. Market a property, find and screen quality tenants, maintain the property, ensure tenants are respectful of the house, stay on top of paperwork, oversee the move-out process, and get the property ready for the next tenant. But the logistics of Sacramento property management are changing with the times. Give yourself the best chance at being successful in your investment property by turning digital with paperwork, advertising online, and communicating clearly and conveniently. Call Select today to see how we can use technology to your advantage.

Property Management: Keep Maintenance Costs Low and Have a Quality Property

Whether you are doing property management on a small scale or large scale, even the best property managers cannot prevent maintenance repairs or the maintenance emergency calls at 2:00 AM. But among property management companies, Sacramento RPM Select, has more than 30 years of experience in the industry, allowing them to give helpful tips and tricks on how to cut down on costly maintenance repairs, and possibly your chances of getting that 2:00 AM wake up call.

Our Proven Cost-Effective Maintenance Process

Just like preventive medicine focuses on the health of people to protect and maintain health and well-being and to prevent disease, disability, and death, preventive maintenance can stop small problems from becoming big ones. And by big ones, we mean ones that not only take a big hit to your bottom line, but ones that can cause major damage to your property and put your renters out of the house for short or extended periods of time. At Select, we believe that reducing stress on investors and renters by instituting regular inspections of our clients’ properties can help maintain a safe environment for tenants and avoid unnecessary accidents and repairs. We have found that the best time to inspect properties is when the premises is vacant. Our professionally trained and educated leasing team is knowledgeable in both common and uncommon signs that indicate there might be an underlying maintenance problem. If we feel our team is not sufficiently trained in certain maintenance, we bring in expert service technicians. During the turnover process of a property, our staff not only looks for items that need repairs and updates, but also the items that are not obvious to the untrained eye. For example, a bubble of paint on the wall in the bathroom is not something all inspectors in property management in Sacramento, CA, would catch, but at Select, our team knows that is a sign of a leak or some extent of water damage. They are then able to take proper precautions and schedule proper care of the water damage to ensure your property stays a safe and quality place for tenants. Select has found that finding small problems, like a leaking pipe, before it becomes a big problem, like a flood throughout the house, saves our tenants time, money, and stressful situations.

Maintenance Schedules for Property Management Companies Sacramento

A change in seasons comes with a routine maintenance schedule. At the start of the fall season, Select inspects rain gutters, heating systems, roofs, and storm drains. Build up of debris in rain gutters and storm drains can cause flooding to the inside or outside of the property. If heating systems are not properly maintained, people could end up without heat during cold winter months, and just like with most people’s luck, it happens on the coldest day of the season. That is an easy way to end up with grumpy tenants. At the start of summer, Select ensures sprinkler systems, landscaping, air conditioning, railings on balconies/stairways, playground equipment, and much more are in proper and safe working order. Fire extinguishers are to be recharged and inspected annually along with railings and playground equipment. Often, large apartment buildings will receive unexpected inspections by the local fire department checking on the safety of railings along stairs and walkways, as well as ensuring these areas are well lit. It is imperative to property management companies, Sacramento, to maintain a detailed log of routinely performed maintenance. These logs protect owners against incidentals and help prevent accidents with tenants. Maintaining a detailed log of events is also important for general maintenance requests that we receive from tenants on a daily basis. We record when the request came in, what request was specified, when and who we sent out to inspect, and how the problem was fixed. This protects us and our clients from liability.  

How to Plan for Maintenance Costs

Select advises its clients to set aside one month of rent each year to help fund repairs. For example, if your property brings in $3,200.00 of rent each month, in year one, you should have that amount set aside. Maintenance is to be anticipated whether a property is owner occupied or tenant occupied and whether it is one year old or 50 years old. Our professional leasing team collaborates with expert service technicians to help property investors plan and budget for maintenance costs each year. Well-maintained properties and appliances last much longer than ones that go neglected. The insight gained by communicating with our expert property management in Sacramento, CA, service technicians can shed a lot of light on how much money property owners should set aside. For example, if a washing machine has had multiple repairs over many years, it’s probably a smart idea to set aside a few hundred dollars anticipating it to quit working a some point in the near future. At Select, we like to avoid surprises. We have found that proactive maintenance and routine property inspections prove invaluable. Keeping open lines of communication between property management companies Sacramento and tenants helps to catch maintenance problems before they become large ones. Select aims to provide quick service to keep tenants and property owners happy. The more valued our tenants feel, the more likely they are to renew their lease agreement when it expires.

Call today and find out what Select can do for you!

How to Choose a Sacramento Rental Property Management Company

If you’re looking to hire an elite and professional property management company in the Sacramento area, you’ve already come to the realization that investing in rental property is a modern day gold rush. Whether you just closed on your investment property or have a long standing property that needs the best management company in town, Select has your back. With over 30 years of experience in the industry, you can count on us to safeguard your property with our elite and professional team.

Setting Clear Expectations

One of the most frustrating things in life, whether it’s in your job, relationships with others, raising children, or hiring contractors, is a lack of clear expectations. No one likes to feel like they’re in the dark, literally and figuratively. That’s why Sacramento rental property management company, Select, ensures individuals on all sides of lease agreements are well versed in what is expected of them. It helps tenants follow through more promptly with rental payments, submit maintenance requests when needed, follow the lease agreement rules, comply with pest control services, and allows our professional leasing team to keep tenants and property investors happy. Our renters know that we reward them for paying rent on time. When they make an online rent payment on time, they have the opportunity to become a member of our Resident Club which allows them to save money on groceries, entertainment, and shopping. It’s just one of the many reasons that renters seek Select rentals. Because of Select’s effort to educate tenants and offer rewards alongside our professional and prompt service, our investors are more likely to retain long term tenants.

Get Comprehensive and Dependable Service

It takes a lot of time, effort, organization, and planning to smoothly manage rental properties. If you’ve tried managing your own investment property, you know just how much time, stress, planning, and scheduling it takes to be successful. Select educates property owners about our comprehensive services and what they expect from our reliable team. We do everything from  inspecting, marketing, showing, tenant screening, lease signing, rent collecting, maintaining the property, renewing lease agreements, moving, and reporting back. We have a 24 hour hotline that allows investors to call in and seek needed information or to discuss any property concerns. We encourage open communication from both sides of our management agreement. Investors are welcome to call in and discuss market rent rates, property concerns or maintenance, and any other information they need. They can also see real time updates by accessing their owner portal on our website from anywhere in the world. There, they can view any received applications to rent, see how many tours were conducted at their property during the showing process, and a market analysis on rent rates and trends. Our professional rental property management Sacramento leasing team lives within the local community, giving us valuable insight on market comparisons and local hotspots for dining, shopping, and fun.

Raising the Bar for Sacramento Rental Property Management

At Select, we hold ourselves to higher industry standards than our competitors. We pride ourselves on our ability to find qualified and reliable tenants more quickly than other management companies. Our proven leasing process shows that Select has shorter vacancy times and longer tenant retention than our competitors.

Avoid Common Mistakes

Our experienced team helps property investors avoid costly mistakes which usually fall into the legal compliance category. Select stays up to date on federal, state, and local housing laws including habitability, fair housing, and eviction laws. Our clients can expect to save on services and reduce their maintenance costs by following our recommendations and using our certified vendors. Routine inspections of our client’s properties help us stay proactive and catch any small repairs before they become big ones.

Get Financial Rewards by Choosing Real Property Management

Select offers a Referral Rewards Program to clients who recommend our Sacramento rental property management services to their family, friends, and fellow investors. Each time they recommend us and it results in a signed management contract, clients can get credits towards their monthly services – – and there is no limit on how often you can give referrals and be rewarded. In addition to properly caring for and placing qualified tenants at your property, our rental property management Sacramento teams can construct a customized lease agreement for your specific property to better protect you financially and make you a profitable landlord.

Why Property Owners Need Select

It’s a no-brainer to choose Real Property Management to safeguard your investment property. We feel confident you’ll love our services and see the financial growth you envisioned when purchasing your rental property in the first place. Due to our shorter vacancy times, long term tenant retention, proactive property inspections, comprehensive and dependable services, and Referral Rewards Program, client’s fees for our Sacramento rental property management services practically pay for themselves. Call us today to see how we can make your investment dreams can come true.

Watch This Video BEFORE Your Rental Home is Vacant!

When you own rental property and your tenant moves out, every vacant day costs you money. In fact, the average vacancy lasts well over a month—that’s quite a bite out of your bottom line!  Too often, inexperienced property owners end up with more vacancy days than necessary because they lack the resources and knowledge in Sacramento real estate management to quickly rent their property.  

Here are the top ten things rental owners can to do to ensure that their property leases as quickly as possible—from your expert team at Select.  

  1. First, work very quickly to make sure your home is MOVE IN READY before you put it on the rental market. Start as soon as your previous tenant moves out, and don’t let this process drag on.  Also, don’t ask prospective tenants to look past problems that still need to be fixed—they won’t. If a tenant sees that the carpet needs to be replaced or the appliances are pulled out and not working, they simply will move on to a property in better shape.  A key principle of leasing for Sacramento real estate management is don’t show the property until it is completely ready for the next tenant. Ask us for our handy “Rent-Ready Checklist” to make sure your property is ready to lease quickly.
  2. Check the property’s CURB APPEAL and make sure the house looks appealing from the outside.  Consider making some minor and inexpensive updates to boost a prospective tenant’s first impression. New lighting and window treatments can make a difference, for instance, as can a fresh coat of paint or attractive landscaping features.
  3. Make sure to have the property PROFESSIONALLY and THOROUGHLY CLEANED.  Professional cleaners will scrub everything from the walls to the baseboards and leave the home feeling clean and fresh.  Ensure that windows are sparkling and blinds are up so that the rooms are bright and sunny. Remember that any clutter, debris, and personal belongings must also be removed.   
  4. Sent an appropriate MARKET RENT RATE.  Set the rent too low, and you’ll hurt your investment’s performance. Set the rent too high, and prospective tenants won’t bother looking at it, resulting in longer vacancy times that in the end can cost you far more than a lower rent would.  There are many factors that go into setting the best rent rate, and Select offers a free market rent analysis on your property to help you find the sweet spot.
  5. CONSIDER ACCEPTING PETS. Whether or not your property accepts pets can directly impact how quickly your home is leased.  As single family rental homes are often popular with families, and pet ownership is increasing across the board, allowing certain family pets will drive more interest to your property and widen your applicant pool in every city, whether its Carmichael property management or Sacramento real estate management.  This not only generally results in the home leasing faster, but it can also allow for a slightly stronger rent rate.  
  6. FREQUENT INSPECTIONS are advised to ensure the property stays in good condition while vacant, as an empty property is at risk for additional maintenance issues.  When no one is living in it, you don’t know that there’s a leak under the sink or a hole in the drywall. There may be an added risk of a break in or squatter situation as well in some areas.   It’s important that you keep your property occupied, not only so you increase your return, but also so you preserve the asset’s value.
  7. MARKET THE HOME AGGRESSIVELY.  Properly marketing your home will lead you to faster tenant placement and fewer vacancy days.  Make sure you take quality, well-lit photos and video of the interior and exterior of the clean, rent-ready home.  Write a strong description that includes all the features and benefits of the property, including recent updates, proximity to transit and schools, and whether pets are allowed.  Then advertise on all the popular rental sites and social media to ensure that you find tenants where they are looking for their next home and make sure they can easily contact you. An attractive yard sign is also a must.
  8. RESPOND QUICKLY TO INQUIRIES from prospective residents to answer questions, schedule showings, and process applications.  While this step can take a lot of time and effort, it is critical to minimize vacancy times. This is where a professional leasing team can save you a lot of time and headache.  
  9. SCREEN APPLICATIONS thoroughly, with background checks on every potential tenant over 18 years old, including criminal, credit, employment and rental history.   This is a must in every market, whether its Carmichael property management or Sacramento real estate management, as well-screened tenants are more likely to stay longer and avoid costly turnover down the road.  It also allows you to select the most reliable tenant from your applicant pool, reducing the risk of eviction or other unexpected vacancies down the road.
  10. KEEP YOUR CURRENT TENANTS.  Tenant retention is often overlooked by landlords, but it’s a great way to avoid the high costs of vacancy. When you already have a high-performing tenant in place, you want to keep that person in the home as long as possible. You do this by being responsive to maintenance and repair requests, open communication, clear expectations and responsibilities, and sticking with conservative rental increases that you can fairly justify to the tenant.

In the end, remember that the cost of vacancy days can far outweigh a professional manager’s leasing fee, so think long-term.  A tested, efficient leasing process better protects your cash flow, and Select helps our clients experience shorter vacancies, more reliable tenants, longer lease terms, and your own team of experts to support your rental investment every step of the way. Call us today for a free, no-obligation market assessment of your rental property.