Fall Maintenance Reminders for Tenants from the Experts in Rancho Cordova Property Management

Summer is winding down, the kids are back to school, and the crisp fresh air is about to return. The fall is a perfect time for property owners and tenants to conduct house maintenance on rental properties before the cold temperatures arrive and you hunker down for a long winter’s nap. No one wants to be doing house maintenance, especially outdoors, during a cold winter storm. Preparing for fall and winter now will save property owners and residents time and money in the future. Rancho Cordova property management experts at RPM SAC-METRO conduct semiannual property inspections to make sure that all properties are ready to handle the cooler weather and precipitation. If a house is not kept in good condition before a winter storm makes its grand entrance, property investors can expect to get hit with major maintenance costs and inconveniences to themselves and their tenants. It is important to remember that landlords are not solely responsible for the care and maintenance of rental properties. Tenants sign a lease agreement stating that they will also care for and maintain a good, clean property. Let us review the responsibilities of both parties. 

Resident Responsibilities:

It is the responsibility of landlords and management companies to clearly explain the lease agreement to the prospective tenants at the time of signing. Doing so protects property owners and Rancho Cordova property management companies from mix-ups and misunderstandings with lease compliance. Lease agreements should clearly outline the responsibilities of tenants such as the following:

  • Safety Hazards: Tenants should check for anything that may cause accidents or harm to themselves or their guests. This includes loose handrails or flooring that is lifted or buckling. Loose handrails that are located in common areas of large apartment complexes are checked annually by the local fire department. If any railing is loose or jiggling, the department will submit a ticket to the landlord or management company for repair. Handrails at single family homes are not inspected by the fire department and should be inspected by the resident. Check for electrical hazards. Touch each outlet and make sure that it is not hot to the touch. Insert and remove plugs from each outlet and check that no sparks are visible when inserting or removing the plug. Rancho Cordova property management teams require that fire extinguishers are inspected each year to see that they are fully charged. Each fire extinguisher should be charged once a year. Check the tag on the extinguisher to see when it was last charged. If you do not have fire extinguishers located throughout the house, look at this article from Life Safety Service to learn where to store fire extinguishers. Check smoke and carbon monoxide detectors and see that the batteries are working and that the detectors are installed to the proper areas. Check water and gas shut off valves. 
  • Filters and Vents: Clean and replace the filters on HVAC units, the furnace, and the range hood above the stove. The filters on these appliances help them to operate at full capacity and ensure the health and prolong the life of the appliances and units. Take the time to pull out appliances and vacuum behind them. Rancho Cordova property management experts agree that residents will be surprised at how much dust, dirt, and crumbs accumulate underneath and behind appliances. Cleaning underneath and behind appliances will help eliminate fire hazards. 
  • Doors and Windows: Open, close, lock, and unlock all doors and windows. See that they shut and seal tightly to prevent cold drafts from the winter’s air. A tight seal will also keep water at bay, preventing water damage on the interior of the home. Windows and doors that lock properly are crucial to the safety of tenants. Property owners are liable if a lock does not operate correctly and if it causes harm to the tenants. Lubricate door hinges if they are squeaky or difficult to open and close. Check and replace weather stripping as needed. Caulk around the window edges so that they are completely sealed. Check the silicone seals around the edges of the bathtub as well. Rancho Cordova property management professionals recommend that tenants remove any silicone that is moldy or damaged and replace it with fresh silicone.
  • Deep Cleaning: Carpets and rugs take a beating from year to year as some residents wear shoes indoors. Take the time to deep clean the carpets either with a rented machine or a truck mounted cleaning system. You will be surprised at the amount of dirt that carpet cleaning machines can suck out of the tiny fibers of carpet. Scrub the hardwood or tile flooring and wipe down baseboards. Clean drain traps and drains in the dishwasher. Check faucets for dripping. Grind ice cubes in the garbage disposal to clean the blades and grind up a couple of lemon slices in the disposal for a fresh clean scent. 
  • Tidy Up Outdoors: Rancho Cordova property management teams require that tenants care for the landscaping of the rented property. Walk around the front and backyard of the property and clean up any debris from trees or shrubs. Prune the trees and shrubs so that they are not touching the exterior of the property. Cut any tree branches that are hanging over the property, as they can cause damage to the roof if they break. Remove all hoses from the spigots and store them inside. This will prevent pipes from freezing during the winter.

If residents find any maintenance that needs to be completed, please report it to your Rancho Cordova property management team for service.

Landlord Responsibilities:

Property managers and landlords are responsible for making any repairs that are received through a maintenance request ticket. It is important that landlords and management companies also take the time to inspect properties. 

  • Roof: Look at the roof carefully and inspect each area to see that the shingles are correctly fastened. Look for any shingles that are lifting or missing.
  • Attic: Climb into the attic space of the property and turn off the lights during the day. If you can see daylight through the roof in the attic, make the necessary repairs.
  • Walls of the House: Inspect the interior and exterior walls of the house. Rancho Cordova property managers should look for any signs of water damage. On the exterior walls, this includes water stains or discoloration to the paint. On the interior walls, this includes bubbling paint, warping paint, rotted baseboards, or stains. 
  • Flooring: Check that all flooring is flat and is not lifting or buckling. Damaged flooring can cause a tripping hazard which is a liability to property owners. Looking for signs of water damage which include bubbling of the flooring, especially in the bathroom near and around the shower or tub enclosure, toilet, or bathroom vanity. 
  • Appliances: Test all appliances by turning them on and off to see that they operate properly and to its full capacity. If any appliance does not operate, replace it. 

The Rancho Cordova property management team at SAC-METRO wants our residents to enjoy a safe, clean and well maintained home. If you have additional maintenance requests, please contact the friendly professionals at SAC-METRO. We are happy and ready to serve you. 

Fall Inspection Checklist for Rocklin Property Management

With the change in seasons comes a change to how properties are managed. Cooler temperatures means that structures must be inspected to make certain they are prepared to withstand the elements. Rain, hail, snow, falling leaves, wind storms and more can take a toll on a house if it is not in pristine condition. In addition to making sure a house is ready for fall and winter, routine property inspections can keep maintenance and repair costs at bay. Rocklin property management team, RPM SAC-METRO, has a don’t-miss-a-thing checklist that will keep properties in perfect condition and help property owners feel at ease knowing their house is safe during winter storms. 

Start on the Outside

You’ve heard the saying, “don’t judge a book by its cover,” but that is exactly what SAC-METRO wants property owners to do when conducting a fall property inspection. Look at the house from the outside and judge harshly. Look at every window, roof shingle, rain gutter, downspout, door, sheet of paint, and siding. Look for anything that looks out of place. If a roof shingle is missing, make a note of if to schedule repair. Use a pair of binoculars to get a closer look at the roof if you feel uncomfortable using a ladder for access. Inspect the exterior walls or siding of the house and look for any water stains, which might be a sign that water is missing the rain gutter and trickling down the face of the structure. Rocklin property management experts recommend looking for crooked or saggy window casings, rotting wood, or slanting doors and staircases leading to the house. These could all be signs of water damager. Inspect the roof and sides of the house for any small holes in the structure that would allow rodents to enter or water to seep in. Replace any broken screens that should cover crawl spaces underneath the structure. Inspecting the outside of the house includes landscaping. Overgrown trees could pose a threat to the house as it could be an access bridge for animals. Large trees could fall on the roof after a heavy downpour, or even onto nearby power lines. Prune overgrown trees and all foliage. Trimming bushes and trees will allow you to better see and walk around the perimeter of the house, which allows for a more thorough inspection of your house in Rocklin. Property management companies recommend cleaning out any debris from the gutters. Dead leaves and branches can often be found inside rain gutters, which can cause overflowing gutters due to the blockage. Test all access gates and inspect fencing to ensure it is sturdy, functional, and properly installed. Look for cracks or raises in sidewalks and concrete and make repairs as needed to avoid tripping hazards or further lifting. Finally, turn off and remove hoses from the downspout to prevent the house pipes from freezing. 

Take a Look Inside 

Once you have made detailed notes about your findings on the exterior of the property, walk inside. You should have posted a proper Notice of Entry for your tenants if the property is occupied. This means a minimum of 24 hours notice, though most Rocklin property management firms try to give at least 48 hours notice. Enter from the front door and work your way through the property starting on the main floor. Look at all flooring, walls, windows, doors, cabinets, and countertops for any signs of water damage. Water is a property’s worst enemy. Bubbles or cracks in the paint or wallpaper on the walls is a clear sign of a hot water leak. Buckling and warping of the flooring is also a sign of a water leak. Take pictures of any of these signs. Remember that your lease agreement should require that tenants report any needs of maintenance immediately. This is to protect them and property owners. If a leak goes unreported or unnoticed for too long, it can turn a small repair into a big expensive one. Look around the edges of doors and windows. These are generally easy places for water to seep in. Replace caulking and weatherstripping as needed so that windows and doors shut tightly. Doing so will keep water out and prevent cold drafts from the winter temperatures. This in turn gives the furnace a bit of relief during the winter months. A pro tip from Rocklin property management team, SAC-METRO, is to inspect the attic during the day to look for any early warning signs that water, wind or snow could leak in. Turn off the lights and see if you can see daylight through any holes or slits. If you can see daylight, water will find its way inside. 

Take a Closer Look with Rocklin Property Management Pro Tips

A leaking roof or window is not the only concern when it comes to water damage. While you have access to the property, take the time and inspect everything. Water heaters, furnace, HVAC units, and all kitchen appliances should be tested and inspected while inside the home. Look around the base of the water heater and check for any rust or cracks that could eventually burst and cause a flood. With the help of a flashlight, shine the light into dark places like the back corner of cabinetry or behind appliances. This is a prime location to find animal droppings. Schedule any pest control as needed. Turn on the water in the kitchen, bathrooms, and flush toilets. Inspect toilet seats and shower doors to ensure they are tightly fastened and will not cause harm to your tenant due to falling off of the track. Turn on the furnace to make certain it is working properly. The last thing Rocklin property managers want is a 3:00am wake up call from a tenant who complains it is 55 degrees inside their home because the furnace failed. Schedule annual maintenance for the furnace before the cold season begins. Furnaces are often powered by gas, so do your due diligence and test smoke and carbon monoxide detectors. To learn if your alarm is working, follow these instructions, courtesy of EHLERS Heating and Air Conditioning. See that they are properly installed and not removed from the ceiling. Replace batteries if needed. Clean out the dryer vents and remove lint as it as extremely flammable. Taking the extra time to complete these tasks can save landlords from big headaches or lawsuits in the future. 

Schedule Maintenance as Needed

Maintenance on a house can be expensive in Rocklin. Property management companies warn landlords to avoid the do-it-yourself approach to save a few dollars. This route often leads to incorrect repair jobs, which then means a landlord needs to hire a professional anyway. Save yourself the time, money and liability and hire a professional licensed and insured maintenance technician. Notice that liability was listed above. If a landlord does a DIY job and it ends up causing harm to the tenant, the landlord can expect hefty legal fees coming his or her way. Licensing or registration of a business or maintenance technician protects the property owner by helping ensure that contractors meet the minimum insurance requirements. Using an unlicensed contractor can cost you in a number of ways.

How Rocklin Property Management Company, SAC-METRO, Can Help You

With nearly 30 years of experience, we are certain that we can help you with any property management needs. If you are in need of property management, rental property inspections, leasing, or find yourself with long vacancy times, give the experts at SAC-METRO a call. 

Why Investors Need Roseville Property Management

Owning and managing a rental house sounds like a great investment. It is. But it is also a lot of work. If it were easy, everyone would be doing it. The hard truth is that landlords who own and manage a rental property often find that they have bitten off more than they can chew. Property management is a 24/7 job that requires availability, professionalism, extensive knowledge, experience, and organization. Many skill sets go into property management and if one skill lacks, the success of the rental property is at stake. Roseville property management experts at RPM SAC-METRO do not want this to be you. SAC-METRO wants to see all property investors succeed, whether it is with or without its services. If you find that your plate is too full single handedly managing a rental property, let us tell you how we can help.

Reduce Turnover and Vacancy

Every day that a rental property sits vacant is money out of a property owner’s pockets. The Department of Numbers found that the median gross rent amount in Sacramento in 2017 was $1,246. The 2018 median gross rent amount is not available until the end of 2019. If a property owner has a single family home located in Roseville, prices are a little higher than Sacramento. Pretend that you own a single family home with 3 bedrooms, 2.5 bathrooms, 1800 square feet, with a large backyard and beautiful upgrades. The rental price on this property could easily be $2,300 per month. That means the property is worth a little over $76 per day. If a property sits vacant for two weeks, that is $1,150 that landlords are missing out on collecting. This is the best case scenario. Roseville property management companies see rental properties sit vacant for weeks or even months. At SAC-METRO, our mission is to rent out houses faster than our competitors, while still finding highly qualified tenants. Data shows that we have the lowest vacancy rates compared to our competitors. 

  • Aggressive Marketing: Knowing the best places to advertise a rental property is paramount to the success of landlords. At SAC-METRO, our professional leasing staff has marketing down to a science. Posting an available rental property on websites like Zillow, Trulia, Craigslist, and Hot Pads have proven successful, as well as having a company website that allows potential renters to view our available properties. Place For Rent signs in the front yard of the property. Even if a potential renter does not drive by, neighbors will alert friends and family of the available rental in their neighborhood, which increases the amount of people who can share and market for you. 
  • Work Efficiently: As soon as a tenant turns in a 30 Day Notice to Vacate, landlords must be proactive in the turnover process. Roseville property management teams acknowledge a tenant’s Notice to Vacate with a form that tells them the official move out date, where to return keys, cleaning guidelines, and Security Deposit Disbursement information. Clear communication will help the move out process flow smoothly for both tenants and landlords. When acknowledging a Notice to Vacate, include a form that allows a tenant to opt in to a Preliminary Move Out Inspection. This means that about two weeks prior to vacating, the landlord will enter the property with the permission of the tenant, and conduct an inspection to make notes regarding repairs and replacements that will need to be completed during the turnover process. Preliminary Inspections greatly serve landlords for the better. This allows Roseville property management companies to get all of their ducks in a row. Upon the tenant turning in keys, landlords can already have vendors scheduled to enter and begin work on the property on the first day of vacancy. Work efficiently during the turnover process and schedule vendors back to back so that the home can get rent ready in record time. 
  • Treat Tenants With Respect: SAC-METRO has a known reputation through the greater Sacramento area for having long term tenancies. It is our priority to treat our tenants the way we would want to be treated. Our team of professionals treats everyone equally, makes themselves available 24/7, communicates clearly with tenants and property owners, and we have a Resident Club Rewards Program. Tenants who pay rent on time each month are invited to join the Resident Club, which offers discounts, deals, and coupons to places that people spend money everyday. Because our tenants are treated with first class customer service, they stay in their rental properties for as long as possible. 

Roseville Property Management Tenant Qualifications 

Finding the right tenant for a property should be a top priority for landlords. One of the worst decisions that a landlord can make is to lower his or her tenant screening standards just to fill a vacancy more quickly. This can lead to costly results, including eviction. Landlords should require that tenants make a minimum of at least 2.4 times the rental amount. This means that if rent is $2,300, the gross monthly household income of the tenants must be at least $5,520. Requiring a minimum gross monthly household income helps landlords know that tenants can afford to pay rent each month. This leaves enough room to pay for utilities on the house and all other living expenses. Do not accept tenants who have previously had an eviction on their credit check or who owe balances to companies or institutions other than medical or for schooling. Look at credit scores and do not accept an applicant with a credit score lower than 670. Credit scores give insight to property owners and Roseville property management companies, telling them if a prospective tenant pays bill on time and in full. Call and verify employment information and rental history. Doing so will prove that the applicant is employed and that he or she is a respectful tenant. 

Affordable Maintenance

House maintenance is expensive. Beside the fear of eviction, landlords agree that expensive maintenance and damage to the property top their list of biggest fears when managing a rental property. Expensive maintenance can quickly eat away at months of profit. At SAC-METRO, we advise landlords and clients to set aside the amount of one month’s rent per year to account for maintenance costs. New properties will have lower maintenance costs than old properties. SAC-METRO uses this as a guideline so that maintenance costs will not take a heavy hit to profit margins or catch property owners by surprise. A private landlord pays market price for vendors and repairs. SAC-METRO clients get access to our Roseville property management Preferred Vendor Pricing. We have long standing relationships with many vendors in the area and because of that, we get discounts from the vendors, which we then pass on to our clients. In addition to preferred vendor pricing, proactive maintenance has proven to keep maintenance costs low. Conducting semiannual property inspections helps keep maintenance costs affordable. During our semiannual property inspections, both the interior and exterior of the properties are rigorously inspected. We check for any signs of water damage, pests, proper care of the property, occupancy guidelines, lease agreement compliance, and schedule repairs as necessary. 

How SAC-METRO Can Help Investors

Our reliable property management experts have more than 25 years of experience in the industry. We do everything property management from marketing, collections, accounting, inspections, maintenance, leasings, move in and move outs. Our clients can always see updates and information on their rental property through our website’s Owner Portal. Our affordable pricing, shorter vacancy rates, reduced maintenance costs, and long term tenancies make it so that our Roseville property management fees pay for themselves. See the real potential that your investment property has to offer. Call us today. 

Who We Serve in Property Management in Sacramento

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

How Homeowners Rely on Property Management Companies

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

How Individual Investors Rely on Property Management Companies

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

Tenants Rely on Property Management Sacramento Companies

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

How Institutions Rely on Property Management Companies 

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

Why You Need SAC-METRO 

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

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

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

How do I rent out my rental property more quickly? 

Rent Ready

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

Marketing

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

How can I make sure my property stays rented? 

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

How can I make rent collection faster and less stressful?

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

How can I better protect myself legally as a landlord?

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

How can I keep maintenance costs down on my property?

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

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

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

Will management fees hurt my cash flow?

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

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

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

How do I choose the best property manager?

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

Why should I trust SAC-METRO?

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

How a Tenant Can Prepare for Moving Out of a Property Managed by Auburn Property Management Company, Select

No property manager likes tenant turnover, but eventually, almost all rental properties see tenants come and go, regardless of how desirable the property is to occupants. If you are a tenant that is getting prepared to vacate a property managed by Real Property Management Select we hope you have enjoyed your stay. We value our tenants and are grateful for your business. If you are wondering how to prepare the property prior to vacating, please continue reading. 

Upon Move In

Depending on how long you have lived at a Select property, you may or may not remember the move in process. At the time of move in, you submitted a security deposit. This deposit was to guarantee a hold on the property until your scheduled move in date, as well as cover any damages caused by the tenant upon move out. At the time of move in, you did a  property inspection. This property inspection checklist allows new tenants to thoroughly inspect their new rental home and make any notes of imperfections. Some imperfections could include a scuff mark on a wall that was missed by our Auburn property management team during the turnover process, a small or faint stain on the carpet, or a scratch or small dent on an appliance. Whatever was marked on this move in inspection checklist will not be counted against you upon move out. At Select, we take the turnover process seriously and do our best to fix any repairs and make your new rental home a comfortable, safe and beautiful living space. The same procedure will follow upon your vacating. 

Tenant Move Out

We appreciate your choice to rent from the professionals at Select. We know you have many options when choosing a home and want to thank you for your tenancy with our company. Prior to vacating the premises, please follow these guidelines to ensure you have prepared the house for our Auburn property management team, so that you can get the maximum amount of money back from your security deposit upon move out:

  • 30 Day Notice to Vacate – This notice must be in writing and turned in to a member of the Select team. Our friendly staff will acknowledge your Notice to Vacate and will inform you of your final day of tenancy.
  • Remove all personal items – This includes all trash from the property as well as personal belongings. Check and clean out all storage units, attics, basements, and garage areas. If there are items that tenants no longer want or need, it is still the tenant’s responsibility to remove them from the premises. Any items left behind will be dumped, at the cost of the tenant and removed from the security deposit.
  • Clean all appliances – Auburn property management professionals know this is a tedious task that often takes longer than expected. Grease stains, spills that have been cooked on over and over again, and all that black debris sitting at the bottom of the oven must be removed. Clean out the refrigerator and wipe down all shelving and drawers inside the refrigerator and freezer. If you have a coil or electric stove, please replace the metal drip pans with clean and new ones. Wipe out the microwave and wash the glass plate inside of the microwave. Pull out the stove and oven and refrigerator and sweep underneath to clear our any debris or fire hazards. Wipe down the inside of the dishwasher and scrub the kitchen sink to remove leftover food. 
  • Wipe down all surfaces – This includes countertops, sinks, doors, drawers, and cupboards. Please remember to wipe down walls where scuff marks can be found, especially around light switches and door handles. Tenants will be surprised at the amount of dirty fingerprints they find in these areas and on light switch covers.
  • Carpets and flooring – Hire a professional truck-mounted system to clean your carpets. Keep your receipt and turn it into your Auburn property management team as proof that carpets were cleaned. Failure to turn in a receipt as proof may result in the charge for carpet cleaning to be deducted from the security deposit. Sweep and scrub hardwood, tile, or vinyl flooring throughout the premises.
  • Repairs – Look for any damage caused by you, a pet, or a service animal that would not fall into the category of normal wear-and-tear. If there are holes in the walls or doors that are not the size of a small nail or screw, that is a clear sign that it does not fall into the category of normal wear-and-tear and needs to be repaired by the tenant, at the cost of the tenant. Check walls, baseboards, doors, door jams, windows, window coverings, appliances, cupboards, countertops, and all flooring for signs of damage. Again, normal wear-and-tear is acceptable to our Auburn property management staff. A scuff more here or a small scratch there are signs of normal wear-and-tear. Tenants are also responsible for the behavior of their guests. If a guest has caused damage to the property, please take the time to repair it. If the tenant fails to make repairs where needed, the cost to make the repair will be deducted from the security deposit.
  • Trash and hauling – If a tenant has unwanted furniture that he plans to dump or general garbage in the garbage can, please contact the waste company to schedule a pick up upon the move out date. Please do not leave a trash can full of garbage for the new tenants. Do not leave unwanted furniture on the curbside. This qualifies as items left behind and will be removed at the cost of the tenant.
  • Remove utilities from your name – Call all utility companies includes internet, cable providers, waste companies, electric and gas companies and remove your name from the account. The accounts will automatically be put back under the Auburn property management, Select name. Close out the account or transfer service to your new residence, if applicable.
  • Return keys – Please lock all of the doors behind you and turn in all keys to your property manager by noon on the final day of residency. Make sure that all keys that were issued at the time of the lease signing are returned. This includes key fobs to common areas, mailbox keys, house keys, garage door openers and anything else that may have been provided at the time of lease signing for entry access. The cost for any unreturned keys will be deducted from the security deposit. A thorough key collection process protects both past and future tenants.

If you are interested in a more comprehensive checklist or for security deposit disbursement information, please contact your leasing professional at Select. 

How Our Auburn Property Management Staff Says Thank You to Past Tenants

At Select, we understand that living in a house comes with normal wear and tear on the property, no matter how careful you may have been. As a way of saying thank you, we do not charge past tenants for normal wear and tear on the property. Upon vacating, our professional leasing staff will provide you with a Payment History and a Letter of Recommendation to assist you in finding a new place to call home. We want to thank you for your tenancy and we wish you the best in the future. 

What Tenants Need to Know when Moving In to a Folsom Property Management Rental

Moving into a new house is both exciting and stressful. It is exciting as new tenants look forward to living in a beautiful, clean, new house. It is stressful because moving in general requires a lot of work and learning new property management rules can seem overwhelming. When you move in to a Folsom property management rental house, you can be certain that you will understand and know everything that is crucial to being a responsible tenant. Our friendly leasing staff clearly explains all rules and lease agreements so that our tenants feel comfortable in their new home.

Move-In Property Inspection

Upon moving in to your new rental property, you will be provided with a property inspection form. We urge new tenants to thoroughly inspect their new home and look for any imperfections and list them on the inspection form. Take the time to open and close drawers and cabinets, inspect all walls and flooring, test window and door locks, open and close window coverings, test and turn on all appliances and light switches, test the smoke and carbon monoxide detectors, turn on water, and flush toilets. Make a list of any flaws you find. This will serve you well upon move out. It will alert our Folsom property management team upon move out that you did not cause these damages while occupying the property. We do our very best to prepare rental properties to perfection for our tenants, but honest mistakes or oversights can happen. If you find anything that is in need of maintenance or repair, please submit an official maintenance request online through the Tenant Portal. Return your move in property inspection form back to our friendly staff within five days of your move in date. 

What is a Tenant Portal?

Once your lease agreement is signed and First Month’s Rent is paid in full, you will receive keys to the property. Our friendly staff will also activate a login for new tenants on our online Tenant Portal. Through this online resource, which can be accessed through our website, tenants can pay rent and make maintenance requests, all from the comfort of their couch, workplace, or on the go. Tenants also have the option to enroll in recurring rent payments. This guarantees your rent will be withdrawn from your bank account each month, in full, and on time. Set yourself up for success and reliability.  The days of trying to remember to pay rent on time to your Folsom property management company are in the past.  

Tenant Responsibilities

At Real Property Management Select, we like to avoid any gray area or misunderstandings for our tenants. Upon moving in, tenants will be presented with a Resident Manual that details responsibilities and rules that our tenants must follow in order to continue occupying the premises. 

  • Keep Property Clean and Tidy – Treat your new rental home as if you owned it. We ask that you show respect for the property at all times. Conduct regular cleanings of the property, throw your trash in the garbage can, care for exterior landscaping, and properly ventilate the living areas and bathrooms. 
  • Utilities – Upon move in, please call the respective utility companies and switch the utilities into your name, effective on the day of move in. All utilities include water, garbage, and sewer, internet, television providers, electricity and gas. 
  • Rent Payments – The most important task that a tenant can do is pay rent on time. If you pay, you stay. Our Folsom property management team also requires that you obey lease agreement rules if you want to stay, but we will explain that in the details below. We recommend that you enroll in recurring rent payments through the Tenant Portal. This allows for an automatic withdrawal from your bank account once a month to ensure your rent payment is paid on time and in full. 
  • Caring for Landscaping – Care for the front and back yard by completing weekly and seasonal yard maintenance. Tenants are responsible for taking good care of the yard. Mow the lawn, pull weeds, prune trees and bushes, and alert our Folsom property management team of any maintenance needed to sprinklers or heavy pruning of trees and branches.
  • Minor Maintenance – Tenants are responsible for minor maintenance of their rental home. This includes changing light bulbs as they burn out, replacing filters on the HVAC units, refrigerators, and range hoods. 
  • Homeowners Association Rules – Just like if you were the homeowner, we ask that our tenants follow all HOA rules and regulations. This means keeping up with the yard work, following rules to common areas like the park and pool, and properly storing vehicles and recreational vehicles.
  • Report Maintenance – As soon as you find a maintenance issue, please file a maintenance request through the Tenant Portal. Though the issue may seem small now, it can quickly turn into a big problem if it is unaddressed. Look for signs of leaks or safety hazards, which could cause harm to the property or the tenants and report it immediately. If you come across a maintenance emergency, please contact our Folsom property management emergency hotline that is available 24/7. 

Owner Responsibilities

Owning a rental property takes an extensive amount of time, energy and knowledge. Select works with owners who properly care for their rental properties and helps assist them during the turnover process and when maintenance requests permit. The following list informs you of what our property owners are required to take on as their responsibility:

  • Provide and Clean, Safe, and Rent Ready Home – During the turnover process, our leasing professionals at Select work closely with our property owners to prepare the property for new tenants. This includes rekeying of all the doors for security purposes, paint, cleaning, repairs or improvements inside and outside, and so much more.
  • Legal Compliance – Sacramento County has clearly outlined the rules and regulations around smoke detector installations and carbon monoxide detectors. Rental property owners with Select are required to follow state, local, and federal laws regarding detectors inside the home in Folsom. Property management staff with Select double checks and confirms that all aspects of the rental properties are in compliance. 
  • Provide Residents with HOA Rules –  As a property owner, no one knows the HOA Rules better than them. The Select leasing staff requires that property owners provide them with all of the rules and guidelines that residents must follow as part of living within the HOA.

Select Resident Club

When tenants pay rent on time each month, they will be prompted to click a link and sign up for Select’s Resident Club. Once becoming a member of the Resident Club, tenants can unlock hundreds of coupons and deals, some up to fifty percent off, which will save them hundreds or thousands of dollars on everyday purchases. These deals and coupons given to our tenants from the Folsom property management team include grocery stores, dining, retail shopping, entertainment, and theme parks. 

When a Tenant Plans to Vacate

When it is time for you to move, we want you to know that we appreciate your tenancy. For residents that have paid rent on time and taken good care of the property, we offer you a Payment History and Letter of Referral for your next house. Please contact our friendly Select staff to turn in a 30 Day Notice to Vacate or refer to your Resident Manual for Frequently Asked Questions. 

Thank you for Choosing Folsom Property Management, Select

We know that you have many options when choosing a rental home. We want to thank you for choosing Select. Renting a home should be an enjoyable experience where you feel safe and comfortable. Please contact our staff if there is anything we can do to assist you. We hope you enjoy your stay.

How to Select a Profitable Rental Property According to Elk Grove Property Management Experts

Choosing to invest in a rental property is a big decision and one that requires extensive research. Real Property Management Select has more than 30 years of experience in the property management industry and has managed every type of property including single family homes, condos, multi family apartment complexes, and duplexes. If you are starting your real estate investment portfolio for the first time, Select can assist in leading you in the right direction to find a property that best suits your goals. Whichever property you buy today will impact how you need to manage it tomorrow. Make a smart decision now that will increase your success as a rental property owner.

Picking the Right Location

Not all markets are created equal. When searching for a rental property, look at specific neighborhoods. Targeted neighborhoods should include those with low vacancy rates, high rents, and high appreciation. Real estate agents should have extensive knowledge on this subject and can guide buyers to the right neighborhood. Another way to get familiar with vacancy rates and high rent rates is to talk to the neighbors when viewing prospective properties or Elk Grove property management companies like Select. Tracking and analyzing vacancy rates is an important part of a property management company’s data and most should know an average vacancy rate off the top of their head. The US Census Bureau has vacancy rate information as well, though it is a more general average and does not specify neighborhoods. The Bureau reported that in Quarter 1 of 2019, the United States vacancy rate was at 7.0.  

Nearby Amenities

Pick a rental property in a location that is close to schools, transit, shopping, entertainment, and other amenities. People like to live near places that they will attend often and that are convenient. When picking a property near a school, research the school and determine if it is in a desirable school district with good reviews. Talking with neighbors or a realtor can be beneficial in finding out this information. Public transportation that is easily accessible can help draw tenants towards a rental property in Elk Grove. Property management experts know that renters who commute via bus or train will enjoy having a stop near their house for a quick and easy commute. Quick access to grocery shopping, clothes shopping and dining are priorities to most people when they choose a rental property. Nobody wants to trek twenty minutes to the grocery store when they forgot milk or an ingredient for dinner. Even worse, when a member of a family falls ill and they need to run to the grocery store for medicine, they need one within five minutes. Having a movie theater and nearby restaurants that provide residents with delicious and entertaining options will draw and keep tenants living in a house long term. 

Homeowners Association Rules

If you plan to buy a rental property that is part of an HOA, make sure that you know and study the rules before renting it out in Elk Grove. Property management firms know that some HOAs have regulations regarding rental properties and others simply do not allow rentals or will shut them down if terms and conditions are not met. HOAs appeal to many home buyers because the rules generally help to maintain high property values. The concern that many HOAs see with rentals is that they draw people into the neighborhood who would not normally live there. While most tenants make great stewards over rental properties, there is a suspicion that renters may not care for the property in the same way that a homeowner would. Some HOAs can limit the number of residences within a neighborhood that can be a rental property while others may put a requirement on the number of years that a homeowner must occupy the property first, before transitioning it into a rental property. 

Choosing the Right Property

Assuming that investors have narrowed down neighborhoods and taking into consideration HOAs, location, and amenities, it is now time to determine the property specifics that will provide investors with long term tenants who pay rent on time and care for the property as if it were their own. Elk Grove property management company, Select, has been in the industry and managed every type of property possible. The experts at Select know that different property types provide investors with different outcomes. The type of property an investor chooses to purchase should depend on his or her financial strategy. 

Property Details

  • Data shows that during the last fifteen years, single family rentals delivered high returns on investment through appreciation and rental income. For multiple years in a row, rent rates have increased by three percent each month and in January 2019 alone, they jumped 3.2%. 
  • Select can back up the data provided above and confirms that single family rentals are in high demand and generating more income than ever before for investors.
  • Single family residences can support a family lifestyle. Renting to a family is known to provide property owners with long term tenancy. Look for a property that would appeal to your desired tenant. This would include a property that is a minimum of three bedrooms and has at least two bathrooms. A fenced yard is also a desirable characteristic for prospective families looking for a single family rental. 
  • Elk Grove property management experts recommend that investors purchase a home that is less than 50 years old. This will help to keep maintenance costs low. The older the property, the more expensive the maintenance. Another benefit to buying a newer home is that you are less likely to get a quirky layout. The style starting from about 1990 to the present is to have open layouts that provide occupants with a Great Room. A Great Room has the ability to combine multiple rooms that serve different functions into a large gathering area. They generally include the kitchen, living room, and dining room. This layout allows families and friends to interact with one another, while doing different tasks. 
  • Elk Grove property managers advise investors to avoid busy streets that cause excess noise to the tenants or a safety concern as children play in the front yard or ride bikes on the street. 

Proven Leasing and Marketing Strategies

Successful leasing and marketing starts back at your buying decision. Target the right audience with advertisements. Market rental properties on local classifieds, Craigslist, Zillow, Hotpads, Oodle, or Trulia, just to name a few. Place a For Rent sign in the front yard and draw attention to it by attaching some helium-filled balloons. This is a proven successful strategy as neighbors will alert friends and family, so that they can live near one another. 

How the Experts at Elk Grove Property Management Team, Select Can Help You

Whether you own a single family home, multi family complex, duplex, condo, or manufactured home, Select is ready to help you maximize your return on investment and reach your financial goals. We have managed all types of properties and have experts standing by who can provide investors with high quality tenants, top rental rates, low maintenance costs, and low vacancy rates. Call us today. 

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

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

Sign Up for Tenant Portal

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

Resident Club

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

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

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

Coupons and Discounts 

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

Estimated Savings

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

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

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

Search Near You

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

How Your Rental Property Management Sacramento Team Says Thank You

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

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

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

Single Family Rentals and Rent Yields

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

Why People Want to Rent Instead of Buy

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

Who Makes Up the Rental Market?

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

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

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

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

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

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

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