Rental Property Management Sacramento Professionals Know What Tenants Look for in a Perfect Rental Home

Right now is a great time to be a rental investor. More and more people are renting long-term and willing to pay for a quality rental. But some investment properties are easier to rent out than others. Homes that meet certain criteria bring a better return compared to houses that lack particular features.

Attracting Qualified Tenants

Tenants are picky. The type of home you invest in makes all the difference. You want a house that attracts qualified tenants – a home that tenants can envision living in. When tenants are happy with their living conditions, they stay longer which means less tenant turnover and fewer vacancy periods.

The Features That Bring the Best Return

What features should you look for when purchasing a rental investment? The rental property management Sacramento team at Real Property Management SAC-METRO knows what makes a successful rental property.

  • Storage and Closet Space – Storage space is an important feature of a home. More storage areas increase the value of a house. A sufficient amount of closet space in each bedroom is a necessity too. The ideal rental home would have ample storage space and plenty of room to organize items. This includes a formal pantry, walk-in master closet, linen closets, laundry room, mudroom, and cabinetry in the garage.
  • An Open Floor Plan – According to Time, “the days of compartmentalized rooms all separated by walls and doors are gone, and the era of connected living continues to be one of the top new home trends.” Many families are “looking for an open floor kitchen plan, as it allows people to flow to and from the heart of the home during gatherings.” Quirky or unusual layouts are an immediate turnoff to tenants. Updated Flooring – The type of flooring in a rental home either attracts or detracts tenants. A dirty carpet is an eyesore. A property with gross floors appears poorly maintained, even if it is up-to-date in other ways. Homes with tile, hardwood, or laminate floors handle wear and tear well and require less upkeep. Plus, they carry more appeal. An article on Balance makes this suggestion to investors: “Since it is a rental, you want the material you choose to be cost-effective, but you do not want to be replacing floors every year, so you need to choose something that is also durable.”
  • Location – Location plays a critical role in how you go about rental property management. Sacramento investors see more headaches and hassles with rental properties in a neighborhood with high crime rates, increased vacancies, and depreciating home values. Our Sacramento property management services help you locate the best areas for a rental investment. You need to consider factors such as the quality of schools, proximity to local shopping and amenities, and closeness of public transportation and large interstates.

What To Do When Your Investment Property Isn’t Ideal

There are ways to make the most of a rental property even when it is less than ideal. If your rental property does not exhibit every perfect feature, do not discount its ability to bring a good return.

  • What can you do when a home has little-to-no closet space? An article on Forrent offers a few solutions. It states, “Whether you remove the already-installed shelves or just complement what is there, adding shelves to a closet provides more surface area to stack and store bins, baskets, and other small items.” Also: “Consider removing closet doors to create more visual and usable space … Replacing big, outward-swinging or bi-fold doors with a curtain can help you use an awkward closet more fully (since you can access more of it) and arrange a tight room differently (since you don’t need to account for door clearance).”
  • What can you do when you cannot afford to replace the floors? Find a home improvement you can afford. A fresh coat of paint on the walls or new window blinds will transform a room. A new front door sets the tone for the entire home before you even walk in. Updated appliances make a kitchen come to life.
  • What can you do with a poor floor plan or an overly customized home? There are several ways to alter an existing floor plan. Knock out a non-load bearing wall. Add on a great room. Expose a ceiling by tearing down ceiling drywall. But if you do not want to dive into major renovations, there are other ways to give a room a different appearance. Install new light fixtures. Paint it a color that makes the room look open.

Professional Rental Property Management Sacramento Investors Can Rely On

Dependable property management in Sacramento is available. You can trust the rental property management Sacramento team at Real Property Management SAC-METRO. With more than 30 years of experience, our experts understand the rental industry and know how to increase your bottom line. We work hard to provide the best Sacramento property management services because we want to see you succeed. Whether you are new to rental investing or a seasoned landlord, we can help you improve your cash flow and get a better return on your property. Learn more about our hassle-free leasing cycle and proven processes. Put our team to work for you. Call Real Property Management SAC-METRO today.

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How Sacramento Property Management Services Help You Avoid Costly Landlord Mistakes

Owning a rental property comes with risk. Being a do-it-yourself landlord isn’t as simple as collecting a rent check every month. Rental investing is a demanding, 24/7 job. To be successful, you need to understand the costs and complexities of managing rental properties. Sacramento investors make costly mistakes when they attempt to go about it alone without the proper knowledge and expectations.

When Partnering with Professional Property Management

Rental investments bring a better return with professional Sacramento property management services. At Real Property Management SAC-METRO, we understand the rental industry and work hard to increase your bottom line. If you want to be a profitable landlord, you must know all the pros and cons of owning a rental home.

What Being a Landlord Requires

Being a landlord is as simple as receiving an in full and on time rent payment then seeing your bank account funds increase every month, right? Wrong. If only it were that easy. Being a rental investor can be an expensive journey if you do not know how to maintain and safeguard your property. What must you consider before becoming a landlord? Here are our top eight suggestions:

  • Think About Time Constraints – Every aspect of Sacramento property management takes time, energy, and effort. You do not get to stop being a landlord on nights, weekends, or holidays. Those emergency maintenance calls can come at any time of the day or night. But maintenance is just the tip of the iceberg. The entire leasing process takes a considerable amount of time such as preparing your home to be rent-ready, advertising your rental, coordinating home showings, conducting tenant screenings, creating a lease contract, and more. A rental investment is a time investment.
  • Understand All Laws and Regulations – Violation fines are hefty and legal pitfalls hurt your cash flow. Follow all levels of the laws – federal, state, and local. Specific laws and regulations apply to property owners. Be aware of collection and eviction laws, property inspection regulations, local city ordinances, state property code laws, and trust accounting laws when handling security deposits and rental payments.
  • Create a Firm Lease Contract – Outline tenant responsibility versus landlord responsibility. This will eliminate disputes down the road. A well-written lease protects you as the homeowner. It is your chance to communicate your expectations and set firm-but-fair rent policies.
  • Treat Tenants with Kindness – Your landlord/tenant relationship carries a direct financial impact on your investment business. Your tenants are more likely to better maintain your home when they see you care. On the other hand, tenants who feel wronged or are unhappy with your service will leave. View yourself not as just a homeowner, but a business owner. The bottom line is that tenant turnover costs you money. Your kindness increases your odds of seeing a steady profit.
  • Complete a Rigorous Tenant Screening – Careless tenant screening is asking for trouble. Your financial stability hinges on placing qualified tenants. Verify tenant income and rental history. Conduct background and criminal checks. Require an application for every tenant over the age of 18. A thorough tenant screening sets you up for success.
  • Keep Up on Maintenance – Do not skimp on maintenance. Be proactive. Respond to tenant needs. Address any safety or health issues. Reliable Sacramento property management services create satisfied tenants. Ignored maintenance requests produce unhappy tenants, leading to tenant turnover. Diligent maintenance pays off and is worth your time and money.
  • Make a Budget – It is important to account for unexpected costs. Money flows both ways with a rental investment. You must save and account for the costs of home repairs, vacancy times, insurance costs, legal fees, and property taxes. If a simple home repair has you in a panic, you need to reconsider your cash flow management. Reality is that not everyone is cut out to be a DIY landlord.
  • Remember Regular Home Inspections – Always conduct home inspections. It is the easiest way to know the status of your rental and protect yourself as a homeowner. Inspections are a time to catch maintenance problems before they escalate into expensive fixes. You can also look for signs indicating your tenants are not complying with the rules of their lease.

The Reality of Rental Investing

You must have a game plan before becoming a rental investor. If you want to be profitable, Sacramento property management requires an in-depth understanding of the rental industry. Being a landlord involves a lot of work no matter how ideal the tenants or how new the home. Before taking the plunge, consider:

  • Time Constraints
  • Laws and Regulations
  • Lease Contracts
  • Tenant Interactions
  • Tenant Screening
  • Maintenance Requests
  • Costs and Budget
  • Home Inspections

Benefits of Professional Sacramento Property Management Services

You can trust the Sacramento property management services of Real Property Management SAC-METRO. Our team wants to see you succeed. We help you avoid costly mistakes and set realistic expectations for your rental business. Even the most inexperienced landlords can be profitable when partnering with Real Property Management SAC-METRO. See what our experienced team can do for you. Put our hassle-free leasing cycle to the test. Give us a call today.