As Property Managers how can we protect ourselves from owners going into foreclosure? - 03/26/09 04:58 PM
As Property Managers how can we protect ourselves from owners going into foreclosure?
We can add verbiage to our management agreement requesting a recent mortgage statement. Remember when dealing with the tenant's security deposit to get the owner's request in writing.
Above all keep in mind, as agents we do have a fiduciary responsibility to have integrity, be honest, and loyal.
Alexandra Machado
Property Manager
916.429.1205x700
Home Pointe Property Management
www.HomePointe.com
amachado@HomePointe.com
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Foreclosures…end in sight? - 03/23/09 11:53 AM
The problem began with "liar loans", these are loans that people made that could not afford the payments and soon defaulted.  The problem grew when individuals in home loans could afford the loans but walked away because home prices dropped and their loan amount was more than the home was presently worth.  Is the problem over? Probably not an end in sight, the latest engender to foreclosures is the increased unemployment.
 
 
Alexandra Machado
Property Manager
916.429.1205x700
Home Pointe Property Management
www.HomePointe.com
amachado@HomePointe.com
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Features vs Rent Rate - 03/16/09 06:04 PM
In this current market there is not an exact dollar amount added to rentals with updated features.  In 2003 prospective tenants were fighting over properties and home features were critical. Right now tenants are looking for a safe neighborhood, clean home (counter-tops, flooring, appealing exterior), and cost effective. Price is the bottom line and prospective tenants are watching their dollar so keep you rental rate competitive-or it will sit vacant.
I specialize in managing single family homes and houses, duplexes, condominiums, apartments, commercial property, retail strip centers, and offices in Sacramento, Elk Grove, Galt, West Sacramento, and Natomas.
Alexandra Machado
Property Manager
916.429.1205x700
Home … (0 comments)

Decreased rents in Elk Grove/Laguna 95624,95757-58 for First quarter 2009 - 03/11/09 11:03 AM
4th Quarter 2008
 
Over the course of 4th quarter 2008 into 1st Quarter 2009 there are decreases across the board.
1 BR Apartment ranges in the Elk Grove/Laguna area have stayed steady in the mid 800s.
2BR Apartments, 2BR Duplex/Condos, Houses 3, 4, 5 BR have all decreased in rental prices.
 
Alexandra Machado
Property Manager
916.429.1205x700
Home Pointe Property Management
www.HomePointe.com
amachado@HomePointe.com
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