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The Advantages of Owning a Rental Property in Sacramento Property Management

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

Why Sacramento

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

Tax Breaks for Rental Property Owners

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

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

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

Why You Need Sacramento Property Management Company, RPM Select 

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

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 Sacramento Property Management Companies Make You Big Bucks When You Invest in Rental Properties

If you are looking for a safe and stable investment, invest in property. Sure, the stock market might be easier to throw your money into and let some bigwigs on Wall Street manage your fund, but unlike the stock exchange, property is fairly stable, predictable, and can yield big returns on your investment. Yes, it takes a lot of work and education on your part if you plan to manage it on your own, but if you hire a property manager, you get to sit back and relax while they do the hard work and you reap the rewards. One of the best Sacramento property management companies, RPM Select, has seen these large returns on investment come into the hands of their faithful clients. Below are some of the reasons why we believe property investments are the best and easiest way to make your money grow.

There are More Renters than Homeowners

The American dream of homeownership is changing for residents around the country. According to US Census data, between the years of 2006 and 2016, twenty-two of the nation’s largest cities have more renter-occupied housing than owner-occupied. Sacramento has just over 50 percent of its residents living in renter-occupied housing. As a resident of Sacramento or the surrounding areas, you have every opportunity to seize the moment and make your money grow in Sacramento. Property management companies are seeing renters migrating from the Bay Area over to Sacramento in search for a safer neighborhood, larger home and yard, and affordability. Years ago, the stigma that surrounded the word “renter” meant they had less money than homeowners. However, this stigma has greatly changed over the past ten years. A new study released by Apartment List found that during the past decade, the number of high income renters has increased to forty-eight percent, nationally. They define high income renters as those who make $100K or more. This means investors are now leasing their properties to tenants who have stable incomes, are more likely to be able to pay their rent each month, and who are able to care for the home.

Tax Breaks for Renters

Renting is an attractive option for millenials who are constantly on-the-go and continually searching for better job opportunities, which may come at the cost of moving frequently. In addition, renters can receive tax breaks. If Senate Bill 248 was to become law, it would be the first time the tax credit for renters would be raised since 1979. This bill is aiming to help California renters who are struggling to pay rent as prices continue to rise. Sacramento property management companies expect single parent renters could see a tax credit ranging from $60-$434, while single people without dependants could see an increase of $160 in their tax returns. In the past year, rent prices in Sacramento have jumped nearly two percent, and that follows an eleven percent increase in the previous year. Investment property owners have never seen returns this great.

There is Safety in Property Investments

People are always going to need a place to live. That is the way it has always been and the way it will always be. The real estate market can fluctuate, but the demand will always be strong. Property owners can find peace of mind knowing that investing in real estate has worked for millions of people before and is still working for them today in Sacramento. Property management companies see a variety of investment properties ranging from single family homes, to condos, duplexus, single apartments, entire apartment buildings, or office buildings. No matter your budget, an investment property is attainable for those looking to make more money. There are multiple ways to make money off of a property investment. Perhaps the most obvious is cash flow through monthly rent, but the best and easiest way is through property appreciation. The real estate market can be your best friend when you are presented with opportunities to buy low and sell high. During the market crash in 2007, many investors who stayed informed were able to capitalize on expanding their property portfolio by purchasing properties for cents on the dollar. Today, these properties are worth two times the amount they paid in 2007 through 2009. As an investment property owner, you are also eligible for tax benefits and write offs.

You Can Hire it Out to Sacramento Property Management Companies  

Possibly the best reason of them all is that you do not have to be present to make money. Unlike a dentist, lawyer or doctor who only make money if they are present or are actively participating in “billable hours,” investment properties bring cash flow while the property owner is off living life to its fullest. This is not to say that property management takes zero time and energy, because it is quite the opposite. However, you can outsource your work to a management company. There are many Sacramento property management companies to choose from, but our highly recommended team at Select has with more than 35 years of experience and can handle all things property management for you. Our management fees are competitive and because of our faster than average leasing times, our fees practically pay for themselves. So if you don’t feel like going to work today or in the future, no problem. Select has your back. We keep the cash coming into your pocket whether you rise and shine in the morning or have a lazy day watching Netflix in bed. Call us today.

Maintain Stable Cash Flow Through Better Rent Collection

Rent collection is not rocket science, but it does take a lot of research and practice. Unfortunately, some people learn rent collection through trial and error. That hard way. Rancho Cordova property management experts at RPM Select want to make sure you are not one of those people who struggle monthly with collecting rent. With more than 35 years of experience in property management, we know the ins and outs of how to maintain stable cash flow through a better rent collection process. If you want your monthly rent collection to get easier, keep reading for our professional advice.

Rigorous Tenant Screening Process

You know the song, “let’s start at the very beginning, a very good place to start.” Keep this famous song from The Sound of Music in your head when thinking about maintaining stable rent collection in Rancho Cordova. Property management teams know that having a rigorous tenant screening process can protect you from evictions in the future. Evictions that happen because tenants fail to pay rent. We know that evictions can happen for different reasons, but failure to pay rent is the number one reason for evictions. Carefully screening tenants means you call previous landlords to check for good references, run credit checks to make sure they have a good history of paying bills on time, and verify income proof to see if they have a stable job so that they can afford the rental price each month. Do not lower your standards for anyone. Not only will you regret lowering your standards if faced with an eviction, but you could also land yourself in a lawsuit for discrimination and not treating all applicants equally.

Rancho Cordova Property Management Experts Communicate Clear Expectations

“I didn’t know,” is an easy crutch for tenants to fall on when they fail to pay rent on time. Do not let this be an excuse used by your tenants in Rancho Cordova. Property management leasing agents should always communicate the lease agreement clearly and concisely. Within the first few paragraphs of a lease agreement, landlords should state the monthly rent amount, the penalty that follows if rent is not paid on time, and how and who they can pay rent to each month. Many tenants do not read word-for-word when signing a lease agreement, even though we require them do so. As the leasing agent or landlord, please clarify rent expectations at the time of move in, so that there is no room for confusion. If they don’t pay, they don’t stay.

Understanding Obstacles

Even the most perfect tenants run into uncertainties that can make their rent payment late or obsolete. Due dates fly by without notice, jobs can be lost, checks get lost in the mail, or the death of a family member can happen, all of which can interrupt your rent cash flow. Rancho Cordova property managers do not need to be robots without feelings, but even with sympathy, they can enforce rent collection rules. Once again, do not make exceptions to the rule for one tenant without doing it for the other. This is where the gray area starts which can lead to a lawsuit.

Simplify and Automate

In an ever changing technologically advanced world, there is plenty of software and websites out there that allows landlords to automate their rent collection process. The rent checks flow in each month and if the rent check is not delivered, some programs issue alerts to automatically issue a Three Day Notice to Pay or Quit. These automated rent collection websites and softwares simplify the process by depositing the money straight into your bank account. No more deposit slips and calculator tape. Rancho Cordova property management companies are seizing the day and letting technology do the work for them.  

Reward On Time Payments

At Select, we know how much you appreciate on time rent payments. We do too. So why not let your tenants know. When Select tenants pay rent on time, they receive discounts and coupons to local stores. These include grocery stores, clothing stores, restaurants and more. Nobody likes paying rent, so we are turning the tables and making paying rent something they look forward to each month.

Maintain Steady Cash Flow Through Select

The professional staff at Select follows all of the advice given above. We have a strict tenant screening process that guarantees our clients get only the best and most qualified people living in their homes. We communicate clearly and effectively with our tenants, not just at the time of lease signing, but throughout their entire stay at our property. The experts at our Rancho Cordova property management office are humans who have real feelings, sympathize with people, but still understand that this is a business and rent collection matters even when obstacles arise. We have an automated rent collection process that allows our clients to receive deposits into their bank accounts, so they get paid faster than ever. Everyone benefits from our rent collection process, tenants and clients. Call us today.

How Property Management Rocklin Companies Get Homes Rent Ready

You have just collected the mail and find your tenant has turned in an official 30 Day Notice to Vacate. If they are good tenants, you find yourself disappointed and maybe even stressed about the turnover process and if you will find tenants as good as the last ones. Having turnover in a home is a normal part of property management. Rocklin based company, RPM Select, knows that having a vacancy in a rental property can leave landlords worried about making the mortgage payments on their own. The unknown of how quickly they will find a quality tenant and how to get the home rent ready can feel like a heavy burden. That is why Select has a proven process that expedites the turnover process while getting the home rent ready, as well as aggressive marketing techniques.

Acknowledgement of Notice to Vacate

As soon as you receive the 30 Day Notice to Vacate, give your current tenants a receipt or letter to acknowledge that you have received their notice. We refer to this as the Acknowledgement of Notice. Be specific in your letter of the exact move out date, cleaning guidelines, how the disbursement of the security deposit will be allocated, and how they can turn in keys to their Rocklin property management team. In this letter, give your tenants the option to schedule a Preliminary Move Out Inspection. A Preliminary Move Out Inspection gives the landlord permission to enter the house and make notes of any repairs or replacements that will need to be done after the tenant vacates. If they choose to move forward with the Preliminary Move Out Inspection, you will have a headstart on the turnover process once vacant because you will be able to schedule the proper vendors and technicians to enter the home immediately, eliminating any down time for the property. If your tenant opts out of the Preliminary Move Out Inspection, you cannot enter the house until your resident has returned keys on the last day of occupancy.

Move Out Inspections

Rocklin property management is a competitive business. One that has too high of a price if you move slowly. If you have conducted a Preliminary Move Out Inspection, start calling and scheduling vendors for the first day of vacancy. If you did not complete a Preliminary Move Out Inspection, enter the house as soon as you receive keys. Change door locks, inspect all appliances and test them to make sure they are in working order. Check the condition of the flooring, walls, window coverings, bathroom vanities, kitchen cabinet and counters, glazing on the bathtubs and showers, and look for any signs of water damage. Inspecting one room at a time, and doing so thoroughly, will help ensure your house gets back to looking brand new for your next tenant.

Checklist Tips

  • First things first, re-key the property. This includes door locks, garage codes, and mailbox keys. Property management Rocklin companies never know who may be holding on to an extra set of keys. Re-keying the property adds security. You will not be able to change locks to HOA gates, but double check that your tenant has returned all HOA keys that you issued them at the time of move in.
  • If painting needs to happen, paint the entire wall instead of doing a touch-up. Too often touch-up paints do not match, making the walls appear patchy. It is worth your time or money to make certain the walls look clean and uniform.
  • Hire a professional truck-mounted carpet cleaning system if carpets do not need replacing. If carpets are holding an unpleasant odor, consider replacing the padding under the carpet.
  • Check the property for pests. If pest control is needed, schedule that vendor first. Getting rid of pests can sometimes take weeks or months, even with aggressive and proper treatment options.
  • Test all smoke and carbon monoxide detectors to make sure they are functioning properly. Change batteries as needed.
  • Spruce up the yard by trimming overgrown shrubs, replacing dead flowers or plants, mowing the lawn, and fertilizing. Property management Rocklin professionals know that curb appeal is very important when showing a rental property.
  • Hire professional cleaners. It is worth the price to hire professional cleaners, rather than doing it yourself. Cleaning every nook and cranny takes a lot of time and hard work. It is usually well worth the cost, so landlord and managers can work on marketing the property, instead of scrubbing it clean.

Market Comparisons

Doing your homework to make sure you are asking the correct rental price is paramount to having success when trying to fill a vacancy. Asking for a rental price that is too high can prolong your vacancy time and leave prospective tenants disappointed after walking through your house. Pricing your home too low can result is immediate occupancy, but also a lower caliber of applicants who might be less qualified financially. The best Rocklin property management teams take the time to put together market analysis reports which compare rental listings within a close proximity. These comparisons include number of bedrooms and bathrooms, square footage, amenities, proximity to transportation and commercial access, age of the home, updates on the home, and much more. If you are just starting out with market comparisons, try looking at RentOMeter to get a general idea of the average price people are asking for similar homes in your area.

Filling Your Vacancy with Property Management in Rocklin

It is no surprise that investment property owners seek out Select when looking to hire a professional management company. Select has a reputation for filling homes will highly qualified tenants, faster than its competitors. At Select, we take care of all the hassles of getting your home rent ready for you. Whether you just bought the property and are looking for your first tenants, or if you have owned the property for years and just received a Notice to Vacate from your renter. You’ll know you are in good hands when you choose Select. Call us today.

How Roseville Property Management Teams Plan for Maintenance

Spring is just around the corner meaning it is time to dust away the cobwebs and prepare for the chirping birds. With a change in weather and temperature, also comes a change to caring for your investment rental property. It happens annually and the best Roseville property management companies, like RPM Select, plan ahead to make certain nothing is missed during routine springtime property inspections, and that the budget has room for proper service technicians. Here are a few points to touch on while maintaining your property and getting it ready for spring and summer.

Spring Inspection Checklist

  • Appliance Tune Ups: perform heating, air conditioning, humidifier, dehumidifier, and ventilation tune ups on the property. As the cold winter season comes to a close, change air filters on the air conditioning units and schedule proper certified technicians to come and perform a multi-point inspection. Doing so will help prevent breakdowns and ensure that the unit performs at full capacity to cool the house. Having a cooling system that works efficiently during days where temperatures reach between the 90s and even 100 or more degrees will help Roseville property management companies keep tenants happy. Clean out humidifiers and dehumidifiers and check humidity levels in different areas around the house.
  • General Inspection: While performing the above mentioned tasks, inspect the general condition of the property. Check the condition of the flooring, walls, general cleanliness, and take note of any lease compliance issues. Check the safety of glass shower doors, toilet seats, and test window and door locks to see that they are functioning as they should. Doing so will limit your liability. Review occupancy guidelines and pet rules. A good rule of thumb that Roseville property management teams follow when checking occupancy is to look for any signs of overcrowding within the house. Having more beds, furniture, or clothing than expected based on the lease agreement occupancy is a good sign that unauthorized tenants are living in the home. If you find this to be the case, counsel with your lawyer for a proper course of action.
  • Check and Schedule Proper Landscaping Care: Consider aerating the lawn, reseeding, fertilizing, and pruning the trees and shrubs. Check for roots that could cause damage to your foundation or walkways and overgrown trees that could compromise your property’s security. Roseville property management teams want to remind property owners that tree branches that reach to upstairs windows may appear inviting to home intruders. Just because your property is currently occupied doesn’t mean you should ignore curb appeal. Keep your home looking attractive and inviting by planting fresh flowers if needed. You never know when your current tenants might turn in a 30 Day Notice to Vacate.
  • Test smoke and carbon monoxide detectors: Biannual testing and inspections of smoke and carbon monoxide detectors is crucial to limiting your liability as a landlord. Many states and local governments require it be done biannually. Stay informed on your laws and codes. Change batteries if needed and reinstall any detectors that have been taken down or removed. If detectors have been removed, speak with your tenants about the safety of keeping the alarms installed. Document your conversation to remove liability.

How to Stay Prepared for Maintenance

No matter how meticulously tenants take care of your property, things will break and maintenance is bound to happen. Roseville property management teams and landlords can be prepared for the maintenance requests by setting aside ten percent of rent each month. Another way to look at it is to set aside one month’s rent annually to account for maintenance. At the start of each year, take note of which appliances will be in need of replacement or repair. Remember, older homes will likely require more maintenance than new ones. The monthly ten percent rule may need to be adjusted and increased for old houses. Here are a few tips to keeping maintenance costs in check.

  • Be Proactive: Select remains the leaders in the Roseville property management industry because we practice what we preach and guarantee results. Following our spring and fall inspection checklists helps keep maintenance costs down and protects homeowners. As fall and winter approach, clean the rain gutters, change the air filter on the furnace, schedule a furnace tune up, and inspect roof shingles to make sure they are in good condition and will not spring a leak into your attic or ceilings.
  • Be Responsive: When a phone call, text, or email come in from a tenant, respond quickly. Make yourself available at all times of the day or night. We know not every property owner is willing to answer maintenance calls 24/7. If you fall into this category,  consider contacting a Roseville property management company to do it for you. Document how you responded to maintenance requests and hire only licensed and insured technicians to make repairs.

Have the Best Roseville Property Management Team on Your Side

Many investment rental property owners fear the cost of hiring a management company is too high. At Select, our fees practically pay for themselves. We are known for having shorter than average vacancy times and for having proven processes in place to save our clients money. Roseville property management is a big task and requires a lot of time, energy, and work. Let Select deal with the day-to-day stress while you sit back and watch your bank account get bigger each month. Call us today.