Why You Should Rent with Roseville Property Management Instead of Buy

You have been anxiously saving and working hard for years in order to purchase your first house. The time has finally arrived and you have all your ducks in a row. But when you start shopping for homes to purchase, you recognize the housing market does not have all its ducks in a row. You find it is cheaper to rent than buy. You are immediately discouraged and angry by this reality check because the amount of house you can afford to buy is smaller than what you can afford to rent with Roseville property management. Before you spiral down into deep sadness, remember there is a bright side to this dark side. You can reinvest the savings you will gain from renting and continue to grow your financial portfolio so you can afford a bigger house once the housing market shifts back in your favor.

Why the Shift in Housing Prices?

The recent acceleration in housing prices can simply be described as a classic economic supply and demand imbalance. Too much demand and too little supply. This imbalance has shifted the desired housing choice back in favor of renting a house with Roseville property management instead of buying. With low housing supply, buyers create bidding wars, driving up home prices and decreasing affordability to median-income families. Low interest rates on mortgages also drive up home prices. On the flip side, the market generally sees housing prices drop as mortgage interest rates rise. In a recent study performed by Zillow, 100 real estate economist experts claim by a 43% plurality vote that the housing market will shift back in 2020 to a buyers market. By that time, the supply of houses for sale should exceed the demand, making home-buying affordable again and abolishing bidding wars.

Research to Show Renting with Roseville Property Management is Better Than Buying

A study performed by Realtor states that the monthly costs of owning a home that you live in are up 14 % over the past year, which is more than three times the annual increase in rent prices on a national level. It states that rent prices are only up 4% annually.

New research from Florida Atlantic University and Florida International University faculty have found that the housing markets where it still might be cheaper to buy than rent can be found in much of the Midwest and Northeast, specifically Chicago and Cleveland. Otherwise, markets along the coasts including Miami, Los Angeles, San Francisco, Seattle, Atlanta, Dallas, Denver, and Houston are a renters market.

In May, a separate study performed by Zillow and Pulsenomics found that half of the economists polled predict a recession in 2020. The market is about as high as it was at its inflated peak in 2006. The housing market cannot go too much higher at this point.

According to a report released by Attom Data Solutions, Quarter 2 of 2018 saw a 6.3 percent increase in the national average home price for both single family homes and condos compared to one year ago. The new average home price is $255,000. While that is a new all-time high, it is also the slowest annual appreciation since Quarter 2 of 2016.

What You Can Do with Your Extra Savings from Renting

It is not just cheaper to rent with Roseville property management, it may also now be a better investment. New research from Florida Atlantic University and Florida International University faculty have found that renting and reinvesting the savings from renting will outperform, on average, owning and building home equity. This is in terms of wealth creation. That is the first time renting outperforms buying since 2010. If the average American home price is $255,000, a 20 percent down payment is $51,000. Whatever amount you have already saved for your down payment, build on it. Try investing the savings you get from renting into a brokerage account that tracks the market. Property management Roseville companies say you should find an investment where you can hope for a 7 percent annual return. Research shows that homeowners typically spend 1 percent of the value of the home doing repairs, annually. That means on a $255,000 home, a homeowner spends $2,550 per year on repairs that renters do not have to pay. Save that amount and invest it.

Homeownership Isn’t All it’s Cracked Up to Be

When you think about forking out a hefty down payment, paying thousands and thousands of dollars of interest on a home mortgage for many years, maintaining the home on your own dime, and paying a premium price in this market, you will quickly see that renting with SAC-METRO is the smart way to go. Property management Roseville companies do not require a downpayment, just a rental deposit. There is no interest on your rent and we take care of maintenance for you. Give SAC-METRO a call today to see how we can set you up for success, so you can make the move once the housing market settles down.

Avoiding Negative Tenant Relations and Evictions

At RPM SAC-METRO, we know that even the most thorough tenant screening process can end in an eviction. Unfortunate circumstances can fall upon tenants at any time including loss of a job, divorce, or any other number of circumstances. Some tenants may even give property owners fictitious excuses like, “I gave my friend the rent money and they told me they gave it to you,” or “we just bought a new car and we can’t afford to pay our rent until the 15th of this month.” All property management companies and private property managers have heard the many excuses. While SAC-METRO leasing professionals are kind and sympathetic to those who do fall upon hard times, they also understand that we are a business and need to stay profitable, for ourselves and our clients.

Keep It Professional

Too often property owners find themselves emotionally invested in a rental property. They feel upset and angry if they find a chip taken out of the wood floor, or a scratch on the freshly painted wall, or a fridge that has dents and dings in it. They expect the tenants to care of the property as they would. Property management Roseville companies like SAC-METRO urge our clients to care enough about their property, but not take it too personally if they find normal wear and tear during inspections. Even the best and most responsible tenants will have normal wear and tear from living in your house. We encourage our clients to think of themselves as a business owner, not a homeowner.

Reasons for an Eviction

While the above mentioned imperfections found during a home inspection may cause a property owner to feel angry and want to evict the tenant, there are proper and legal reasons to evict a tenant. Some reasons are:

  • Non Payment of Rent: Property management Roseville companies have found that this is the most common reason that tenants end up with an eviction. It comes down to the catchy phrase of “if you can’t pay, you can’t stay.” You can evict someone for nonpayment of rent, but you cannot evict for failure to pay a late fee.
  • Lease Violation: Next in line for most common reasons tenants get evicted is failure to adhere to the lease agreement. Even if it’s just one clause. This may include bringing pets onto the property if the lease states the pets are prohibited, unauthorized tenants living on the premises, subletting of the property, operation of a home-based business, or nuisance complaints from neighbors.
  • Property Damage: While Roseville property management companies expect normal wear and tear, intentional or unintentional property damage is reason for an eviction. Tenants cannot punch holes in the wall if they are struggling with anger management, they cannot lift floorboards to inspect what’s under the house, they cannot graffiti on interior or exterior walls, and they cannot keep so much moisture inside that it causes mildew and mold growth on the walls. Theses are just a few examples.  
  • Illegal or Drug Related Activity: It is standard for SAC-METRO to clearly explain in the lease agreement that the use of drugs or any other illegal activity is grounds for an eviction. That goes for drug users and dealers.
  • Expiration of Lease: If a tenant has received proper notice that they are not invited to renew the lease or must lease the property for some reason, but they refuse, now you have what property management Roseville companies call a “squatter.” This is someone who refuses to leave and pay rent at the same time. This action would allow you to move forward with an eviction.

How Property Management Roseville Companies Protect Clients from Evictions

SAC-METRO is one of the best known leaders in the industry when it comes to raising the bar on tenant screening standards. Our strict process requires that all applicants who are 18 years of age and older submit a signed and dated application to rent, submit sufficient income proof, pass criminal, credit, and background checks, and have recommended rental verifications. SAC-METRO aims to ensure all parties understand every clause in the lease agreement and we set clear expectations at the time of the lease signing. We also give our residents the convenience of paying rent online and have an automated system that kicks into effect it a tenants fails to pay rent. We adhere to the strict legal counsel given by our in-house lawyers and always follow Roseville property management law as it pertains to an eviction. If our thorough process still doesn’t seem to calm your nerves when it comes to evictions, we offer an Eviction Protection Plan to our clients for a low monthly fee. It covers legal costs for filing an Unlawful Detainer and time in court associated with evictions.

For more information on how you can protect your investment property against an eviction, call SAC-METRO today.

Avoiding Legal Implications

Managing an investment property is a 24/7 job with no nights, weekends, or holidays off. Emergency circumstances can arise at any time of the day or night, and you must respond quickly to your tenants. Otherwise, it is easy to get caught in a sticky situation if you’re not following all landlord laws and regulations. Sacramento property management companies do so much more than simply collect a rent check each month. The team at Real Property Management SAC-METRO knows how to maneuver through the ins and outs of owning a rental home, all while avoiding costly legal pitfalls.

A Complex Job

Some landlords learn the hard way that having an investment property is not as easy as it may appear. Renting out a house comes with legal and financial risk. You need to be careful to comply with any federal, state, and local laws and regulations. Expensive violation fines hurt your cash flow and can ultimately put you out of business. Remaining up-to-date on all codes, ordinances, and rules can be difficult due to the law constantly changing and being restructured. The legal experts at Real Property Management SAC-METRO offer a few suggestions to protect yourself as a homeowner and safeguard your property.

Comply with Anti-Discrimination Laws

Selecting tenants can be an overwhelming process. After all, your profitability hinges upon receiving a rent payment on time and in full every month. While a thorough screening is the best way to find qualified applicants, you must not discriminate against potential tenants as defined by the Fair Housing Act. According to the U.S. Department of Housing and Urban Development:

“In the sale and rental of housing, no one may take any of the following actions based on race, color, national origin, religion, sex, familial status, or disability:

  • Refuse to rent or sell housing
  • Refuse to negotiate for housing
  • Make housing unavailable
  • Deny a dwelling
  • Set different terms, conditions, or privileges for sale or rental of a dwelling
  • Provide different housing services or facilities
  • Falsely deny that housing is available for inspection, sale, or rental
  • For profit, persuade owners to sell or rent (blockbusting)
  • Deny anyone access to or membership in a facility or service (such as a multiple listing service) related to the sale or rental of housing”

Protect Tenant Information and Handle Funds Properly

During the tenant screening process, you gather a significant amount of personal information about your applicants. You should keep this information secure and private. There are serious legal consequences if you fail to keep their personal data confidential.

There are also rules pertaining to the application fees and security deposits you gather during the application process. According to the government website for California legislative information,

“A landlord may not demand or receive security, however denominated, in an amount or value in excess of an amount equal to two months’ rent, in the case of unfurnished residential property, and an amount equal to three months’ rent, in the case of furnished residential property, in addition to any rent for the first month paid on or before initial occupancy.”

No matter where your rental home is located in the greater Sacramento area, from Auburn to Roseville, property management experts from Real Property Management SAC-METRO can help you handle the tenant application process in a legal manner.

Document Calls, Requests, and Interactions

Precise documentation is a huge asset if you find yourself in a court battle. It all begins at the lease signing. A clear and concise rental agreement helps protect you in a court of law. It is vital for a contract to outline exact tenant duties versus landlord responsibilities. Once tenants move in, the need for documentation only continues. Sacramento property management companies use a variety of methods to track tenant interactions. At Real Property Management SAC-METRO, landlords and tenants have access to user-friendly online portals. This is a convenient and reliable way to record every exchange.

Provide Notices

As an investment property owner, you will encounter various circumstances when you are required by law to provide notice to your tenants before taking action. The government website for California legislative information outlines what scenarios necessitate formal notices. For example, if you need to terminate the lease, whether your tenants are violating their rental agreement or have not paid rent, a written notice is necessary. On the other hand, if you want to extend an offer to your tenants to renew their contract, this requires notice as well. If you intend to increase the rent rate, notification is mandatory. If you need to enter the home to conduct a home inspection or make maintenance repairs, a notice of entry is essential. Just because you own the home, does not mean you can enter it at any given time.

Maintain Safe Living Conditions

Your rental home must meet certain habitability standards. Under the law, a number of conditions can deem a property uninhabitable including:

  • A serious water leak
  • Missing structural elements (roof, stairs, walls)
  • Fire hazards
  • Environmental toxins (mold, asbestos, lead paint dust)
  • Broken plumbing
  • Non-working heating, ventilating, or A/C systems

Tenants are entitled to a safe and livable environment. While making needed repairs can be a financial burden upfront, not fixing a problem can drastically impact your profitability if you incur legal expenses or fines. Conforming to the law saves you money in the long run. Also, make sure to hire licensed and insured contractors to conduct all maintenance.

Compared to Other Sacramento Property Management Companies

Whether you own a rental property in Carmichael or Roseville, property management professionals at Real Property Management SAC-METRO can help you stay clear of costly legal mistakes. Our highly trained experts understand the rental industry and know how to protect your investment. We ensure you:

  • Avoid discrimination during the tenant screening process
  • Keep tenant information confidential while managing funds appropriately  
  • Document all tenant interactions
  • Supply written notices when necessary
  • Provide safe living conditions

We are committed to your success. With more than 30 years of experience, other Sacramento property management companies do not compare to our standards. You can trust our proven processes to increase your cash flow. Check out our comprehensive list of services and see how our experienced team can get you a better return on your rental property. Call Real Property Management SAC-METRO today.

How to Make Money with the Help of Roseville Property Management

Are you wondering how to increase your bottom line as an investment property owner? The solution is to find and keep qualified tenants. Vacancy days interrupt your cash flow. To be profitable in property management, Roseville landlords need to see a consistent rent payment. Selecting qualified tenants gives you the best chance at success.

Tips and Tricks From an Experienced Roseville Property Management Team

While it may seem easy to place great tenants in your rental home, it’s not so simple. There are a variety of factors that contribute to whether you find qualified tenants. At Real Property Management SAC-METRO, we use a proven process to help our landlords be successful.

Show a Rent-Ready Home – Nothing is a bigger turnoff than a dirty, junk-filled home. The more attractive your property, the easier it is for tenants to envision living there. You do not want to lose out on excellent potential tenants due to the current condition of your rental.

Don’t Skimp on Maintenance – Think curb appeal. Consider a fresh coat of paint, a new front door, nicer landscaping, up-to-date appliances, etc. In Roseville property management, the quality of your home either attracts or detracts people. Who do you want to attract?

Know the Rental Market – Set the price of rent at an appropriate rate to make a profit, yet not discourage qualified tenants. Also, if you are in the market to buy an investment property, remember, location is key.

Market Your Home Aggressively – Get your listing out there. Poor marketing limits the number of people that see your listing. More views result in more prospective tenants. You want a higher chance of finding reliable tenants.

Use a Rigorous Tenant Screening Process – Do not be careless. Verify age, credit, employment, income, criminal history, and rental history.  At Real Property Management SAC-METRO, we have all the resources our property management Roseville team needs to complete a thorough tenant screening.

The Professional Property Management Roseville Homeowners Trust

Are you searching for reliable property management? Roseville homeowners trust Real Property Management SAC-METRO to safeguard their investment properties. Roseville property management is a job with many components and complexities. But with more than 30 years of experience, our team has seen it all. We understand the rental industry and know how to make your investment business thrive. Find out more about our hassle-free leasing cycle. Call Real Property Management SAC-METRO today.

Amenities that Keep Tenants Happier

5 Low-Cost Amenities that Keep Tenants Happier

How do you become a profitable landlord? You must find and keep qualified tenants, plus reduce vacancy periods. These two factors either make or break your cash flow as a homeowner. One easy way to attract good tenants and have them stay long term is by creating a home with the proper amenities.

While investing in amenities costs you money now, it will make you money in the long run. Certain amenities, or lack thereof, can be a turn off for tenants. They make a difference when it comes to tenant satisfaction. As a professional property management company, we suggest the following tips:

  1. Supply Appliances. A microwave and refrigerator are two appliances most renters do not own. Many cannot afford them and others simply find it meaningless to purchase such amenities knowing they will move again at some point down the road.
  2. Be Pet-Friendly. Some tenants are not willing to give up their pets just to live in a certain home. If you do not allow pets, you instantly reduce the number of prospective tenants. This means you are potentially missing out on tenants that will care for and respect your home.
  3. Rely on Technology. People rely on technology nowadays. Writing out a rent check is a thing of the past. The ease and convenience of an online system make tenants happy. It is an important component of property management. Roseville landlords can partner with Real Property Management SAC-METRO to offer their tenants a user-friendly rent collection system. Tenants can also submit maintenance requests online through their personal portal.
  4. Clean the Carpets. Clean floors show you care. When you show you value your home, tenants are more likely to respect it as well. Dirty, stained carpet is an unattractive feature in a home. Or better yet, consider replacing carpets with tile or laminate flooring.
  5. Look for Big Amenities. If you want to buy a rental home, look in a neighborhood with a pool, community center, and gym. These amenities are big hits for tenants. A professional property management company can help you through the process of searching for a new investment property. The specialists at Real Property Management SAC-METRO are highly trained and have an in-depth knowledge of the rental industry.

Professional Property Management Roseville Investors Trust

With more than 30 years of experience in property management, Roseville homeowners depend on Real Property Management SAC-METRO to help them operate a successful investment business. Our team works hard to get you a better return on your rental home. Give our hassle-free leasing cycle a try. Call today and see what we can do for you.

how to avoid rent collection trouble

Common and Costly Mistakes: Rent Collection Troubles

Novice Roseville property management owners might think rent collections is easy. One myth landlords buy into is that rent always comes on time. Or checks always clear and there is never any trouble with evictions. But collecting rent can be tricky, as even great renters can fall onto hard financial times. Owners can find themselves sorting through legal problems, and without professional help like Real Property Management SAC-METRO, homeowners may accidentally prolong the process.

Our expert Roseville property management team is familiar with notices, collections, and unlawful detainer protocols. We safeguard rental properties, homeowners, and renters using our local and experienced teams. At Real Property Management SAC-METRO, our proven process is designed to address all the common delays in rent collections. Here are some great ideas to get you started on firm and fair collections:

  • Start the process on the right foot with rigorous tenant qualifications. Carefully screened renters are more likely to pay on time and in full.
  • Set early expectations with renters. If tenants understand clearly the consequences if rent isn’t paid on time, they’ll probably make more of an effort to meet the deadline.
  • Try offering tenants incentives to pay on time for paying rent on time.
    Communicate quickly and clearly. Hold renters to all the expectations and rent policies.
  • Use technology-driven payment systems so tenants can pay online. Using electronic rent collections means faster payments to you.
  • If rent is not paid on time, initiate an automatic collections process that will resolve the matter quickly.

Using a professional management office helps owners enforce respectful but tough rental collections. Let the process, not emotions, dictate your actions and define your interactions with tenants. The property management Roseville,CA, homeowners can count on for unsurpassed collection processes is Real Property Management SAC-METRO. Our expert team ensures owners experience consistent and reliable rent collections, no matter how difficult tenants may be. Call us today to learn more about our services and how our experts can help you with all your rental property needs.

Fall Maintenance for Rental Homes

A reminder from Roseville property management to not fall behind in your seasonal cleaning!

Hello, autumn! Leaves on the trees are turning colors and falling to the ground. The days are shortening, and temperatures are cooling. Each season brings different changes to the world, along with new cleaning reminders for rental homes. Preparing for changes in the weather is a crucial step for both tenants and Roseville property management. At Real Property Management SAC-METRO, we offer a complete line of services to protect your home specifically for this time of year. Put our experienced team and proven processes to work for you all year long.

While most cleaning and maintenance chores fall on property management, Roseville, CA residents also have responsibilities to keep their rental homes in good condition. Here are 5 steps tenants can complete before colder weather comes:

  1. Check for anything that may cause accidents, like loose handrails, lifting carpets, or any other structural situation that is an accident waiting to happen. Look for electrical hazards and verify that no outlets feel warm to the touch, indicating something inside is damaged. Inspect fire extinguishers and smoke, security, and carbon monoxide alarms to make sure all units are charged and working properly. Locate gas and water shut-off valves in case of an emergency
  2. Clean and replace all filters and vents in air conditioning, heating, and range hood appliances. Vacuum vents, fans, and under appliances to remove collected dust and prevent fire hazards. Remember, furnace filters should be changed monthly throughout the winter.
  3. Ensure all doors and windows to the outside shut tightly. Lubricate door hinges and handles to prevent rust and creaking. Tighten screws around window panes, door handles, and locks as needed.
  4. Deep clean daily living areas like floors and bathrooms. Scrubbing carpets and rugs prolong their lifespan. Clean traps and drains in the dishwasher, sink, bathtub, and showers. Check all faucets for signs of dripping. Grind ice cubes in the garbage disposal to clean the blades, then flush with hot water and baking soda.
  5. Tidy up outside the home. Take care of any debris around the home, and store outdoor hoses and other items. If you find any other safety issues or needed repairs, please notify Roseville property management.

Taking care of a rental property home is a job for both tenants and property management. Roseville, CA landlords trust Real Property Management SAC-METRO with all their property management needs, from frequent inspections to seasonal cleaning. Learn more about our quality services for all seasons of the year.

 

Selecting Your Rental Property

property management Roseville CA, Roseville property management

Rental property can be an exciting investment if you handle it right. Here at Real Property Mangement SAC-METRO, we have decades of experience in the rental industry that means we offer the property management Roseville, CA, owners can rely on for their rental home investments. Choosing the right property is pivotal in your investing decisions. Your purchasing choice affects how long your property sits vacant, how many applicants you attract, and the type of applicant interested in your home. Successful leasing and management of your investments start in the buying process.

Location, Location, Location

The location of your property will determine the amount of effort and difficulty involved in managing it. When trying to select a location for your rental property, search out areas with lower vacancy rates, higher rents, and where values are appreciating.

Other questions you should ask that we’ve learned from our time in Roseville property management include:

  • How good is the school district? This is a huge determining factor in the type of tenants you’ll attract.
  • How good is the public transportation? How close are the nearest shopping and other amenities and attractions?
  • What kind of regulations does the city have? Some towns levy heavy fines towards landlords for code violations, where others tend to be more lenient.
  • What is the local HOA like? Homeowners’ associations have their own rules, regulations, and fees for violations. The trouble of that should be taken into consideration.
  • When making property decisions, local expertise in Roseville property management is essential.

Property Type

As you’re searching for a rental investment, look for single-family homes tailored to families. Especially attractive home to renters will be those with $1100-1700 rent, three or more bedrooms, two or more bathrooms, a fenced-in yard, and a standard floor plan with few customizations. These are all good indicators that tenants will be more likely to want to live in your home and that its maintenance costs will stay low. Avoid a home with:

  • extra low rent,
  • less than 1000 square feet,
  • lack of a fence,
  • built on a busy street,
  • lack of a master bath,
  • an unusual floor plan,
  • too much customization,
  • a house more than twenty-five years old

These are red flags – be wary about purchasing these properties.

We’ve seen the best and the worst of rental property management. Roseville, CA, and Sacramento have great investment property opportunities. Let Real Property Management SAC-METRO help you make the best of your investment. Call today!

How To Avoid Vacancy Days and Tenant Turnover by Being a Good Landlord

The Golden Rules of Landlords

An empty property is an empty investment yet still requires a considerable cost to maintain. Whenever a tenant moves away, it can create difficulties for the property owner. High renter turnover can threaten profitability and make your work as the property owner more difficult due to all the additional activities required to fill a vacancy such as marketing, showings, and screenings. But how do you persuade a tenant to remain? The answer is simple. Treat him the way you want to be treated. Consider it this Golden Rule of Roseville Property Management. Follow this checklist to reducing vacancies, created by the experts at Real Property Management SAC-METRO.

The Golden Rules of Landlords

  1. Be honest and upfront. If tenants feel like they are not being treated fairly, they won’t stick around one minute past the initial contract. Put everything in writing that you care about and verbally discuss it during lease-signing so there are no surprises on what you will and will not enforce.
  2. Show you care. Address your tenants’ needs quickly. Make needed repairs promptly, especially with regards to safety and health issues. When you respond to tenant requests for maintenance they know you care about them and the property.
  3. Be the landlord you would like to have. This is the essence of successful property management. Roseville CA property owners who treat their tenants the way they would like to be treated come out ahead time and time again with less turnover.

The secret to loyal tenants who will rent from you for the long haul is to keep them happy by following the golden rules. Remember happy tenants make for happy property owners. It’s a win-win.

At Real Property Management SAC-METRO, we live the Golden Rules of Landlords. We use time-tested practices and offer superior services in property management. Roseville, CA teams are waiting to provide you with the best in Roseville property management services.