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rentals: When Fiduciary Duty, Honesty & Fair Dealing Collide- Always Err on The Side of Doing What is Right~ - 08/20/09 01:11 PM
As a small Sacramento-based property manager for the past 16+ years, we have had the privilege to work with some of the very best Landlords in the area, from 1st time investors to seasoned real-estate professionals, people are coming (and staying) with our services due to a simple but stringent governing principle- We say what we do, then we actually do what we say. Our business is mostly word-of-mouth and the feedback has been overwhelmingly good. Our clients enjoy personalized services customized to their individual needs, grounded in the knowledge that they have first-hand access to a licensed Broker, without having … (4 comments)
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rentals: 2nd Generation Referrals- The Mark of a Job Well Done~ - 05/06/09 08:01 PM
The market is right for buyers out there and we are reaping the benefits of providing exemplary service through the acquisition of new accounts via referral. These are not just any referrals. Instead, they are our absolutely favorite kind of new business- 2nd generation referrals.
In just the last 2 months, a former tenant of ours went on to become an investment property owner and signed up their rental with us in Antelope. Their reason? They stated: "We remembered how thorough you were on qualifying us for the rental, and how responsive you were throughout our tenancy, so we could think … (5 comments)
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rentals: Voicemail is Great...But Nothing Beats the Personal Touch and Novel Approach of Answering the Phone~ - 02/28/09 10:50 AM
We did it again. For the.....(pause while counting).....let's say "umpteenth" time, we managed to secure a fantastic applicant on one of our homes, even though ours was one of a dozen homes these people were calling on and we were NOT the cheapest rental.
How did we get the applicant over our competitors on Craigslist...what's our secret? It is nothing special, yet in this age of automation where everyone is so dependent on voice mail, perhaps it is somewhat unique. We answer the call. In this case, the caller was transferring here from the Bay Area, called on at least 12 … (5 comments)
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rentals: Time to Shake Off the Holidays and Hit the Ground Running in 2009! - 01/03/09 11:54 AM
I think 2009 will be a pivotal year for us in the property management business. Investors appear to be re-entering the market, vacancy inventories are up while rental prices remain somewhat flat. As we get into summer 2009, our hope is that rental inventories will shrink as the next wave of foreclosures hits and people are forced to rent for the next few years while rebuilding their credit.
As the inventory of available rental properties declines, rental prices will inevitably rise, attracting still more investors and stimulating the sales market. We may see some fluctuation as foreclosed homes are purchased and … (7 comments)
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rentals: Landlord's Learning Center- Communication is Key - 12/06/08 01:22 AM
We accepted another client today, who left their current Sacramento Property Manager after 7+ years of service. The culprit? Poor communication stemming from a pet policy.
Our new Landlord client has a duplex on a quiet cul-de-sac in Sacramento. One side has a long term tenant that recently had to get rid of an unauthorized pet (a pit bull). The other side had a tenant that wanted to purchase a pet themselves (a lab). Rather that discuss this with the Landlord, the now ex-property manager denied the request, and the tenant subsequently vacated the property during the slowest time of year … (2 comments)
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rentals: Landlord's Learning Center- Small Property Management is BIG on Service. - 11/18/08 12:16 PM
I met with an elderly potential client this past week, and it struck me how often clients are taken for granted in this industry. We had an average meeting, answered a few of his questions, and compared our services and fee structure to that of the company he was in the process of leaving.
When it came down to it, the client did not care that our price was a few dollars less, or even that our repair costs were not marked up. In the end, it was just the act of taking the time to meet that swayed the client … (1 comments)
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rentals: Happy Halloween From Investors Choice Property Management- Have You Checked Your Rental Property Lately? - 10/31/08 06:21 PM
Landlords- Remember to check up on your vacant rentals, or hire a good property manager to do it for you.
We will be visiting each of our vacancies tomorrow to make sure no ghosts or goblins (or vandalizing youth) did any harm over All Hallows Eve.
Does Your Property Manager Conduct Exterior Inspections at Regular Intervals?
Most companies do not, or they choose their words carefully, offering "periodic" check-ups. In our industry, "periodic" means "hardly ever". Others charge a fee for driving by, but aren't the Landlords already paying a management fee for that?
ICPM conducts quarterly exterior checkups throughout the … (0 comments)
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rentals: Where to Buy? Another Important Question is What to Buy! - 10/29/08 06:54 PM
The answer: A single family home or duplex. While inventory of apartments and condominiums continues to be a problem for the rental market in that there are many to choose from, the same cannot be said of the single family home.
As property managers, the feedback we are getting from renters is practically unanimous- Give them a 3 bedroom, 2 bathroom with a yard and garage. The supply of available vacant homes is not as high as one might expect, given that most banks are not choosing to rent out their REO's. Over time, as the market bottoms out and investors … (0 comments)
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rentals: Landlord's Learning Center- Pricing Your Rental Property in Today's Competitive Market - 10/27/08 04:41 PM
Given the large amount of vacant inventory on the rental market, it is important to establish a fair rental value based on the demand in your area. Here are a few suggestions:
1. Property Managers. A knowledgeable property manager can accurately predict the rental range in an area. Some can provide additional resources that can minimize the "guess work". One example is a rental housing survey, such as the one available on our website at www.investorschoicepm.com. Landlords should be wary of any property manager than lets an owner pick his/her starting price with little or no input.
2. Craigslist can be … (5 comments)
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rentals: Landlord's Learning Center: Tips for Finding the Right Property Manager in Sacramento, Roseville, Folsom... - 10/25/08 11:36 AM
Landlord's have many different ways of locating a property manager for their rental unit, so here are few good tips if you are in the market to find a property manager. Feel free to ask any questions and check back periodically for more helpful property management advice:
1. Decide what kind of management style you prefer, up front. There are small, service based companies with 100 units or less, medium sized ones at 250-500 units, and giant ones with 1000 units or more.
2. Make your decision based on your own research, not on the amount of advertising dollars spent by … (0 comments)
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rentals: Anyone Have A Crystal Ball to Tell Us Where is the Bottom of the Real Estate Market in Northern CA? - 10/24/08 05:52 PM
The answer? You don't need one. If we are not at the bottom, it sure feels like we are getting close. Granted, we have not seen the dreaded "next wave" of foreclosures that every media outlet is reporting could come at any time, but I have noticed more investors testing the water, wondering if it is a good time to jump in.
Having been in Property Management since 1992, I have seen the ups and downs, and have kicked myself more than once for holding out too long when I should have bought. Prices for investment properties are great now, … (6 comments)
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rentals: Finding The Right Property Manager For Your Sacramento Property? Know The Right Questions To Ask! - 08/14/08 12:46 PM
There are many property management companies to choose from, each with its own philosophy about how best to serve their clients. At ICPM, we believe that Landlords should do their homework before choosing a company to represent their interests. To help facilitate this, and to aid in the selection of the best manager for the job, we have comprised this list of questions for easy reference. After each question, you’ll find the answer that we would give. We hope you’ll find it useful.
How much experience do you have? A better question would be “How much experience does the manager assigned … (0 comments)
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rentals: Buying A Rental in Sacramento? Some Points to Consider~ - 08/10/08 12:02 PM
If you haven't heard, the 3 bedroom home is the hot rental in Sacramento right now. We have seen increasing numbers of potential renters looking to rent within the $1200-1500 range, with the higher end homes experiencing a "tapering off" of demand as rentals.
If you are buying or contemplating a purchase of rental property, consider the following:
1. Employ the services of a licensed property manager to tell you what your prospective purchase will rent for.
2. Make certain your property manager checks out. Review their status with the BBB (Better Business Bureau), the DRE (Department of … (0 comments)
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Thomas Martin-BROKER, PROPERTY MANAGER Property Manager in Sacramento, Folsom
Sacramento,
CA
More about me…
Investors Choice Property Management
Address: 3017 Douglas Blvd. #300, Roseville, CA, 95661
Office Phone: (916) 770-9707
Cell Phone: (916) 770-9707
Email Me
A well educated Landlord makes more informed decisions, which in turn makes them a quality client for an effective Property Manager like ICPM. Our blog is dedicated towards educating consumers and agents on the finer points of Property Management, while helping them to steer clear of pitfalls and poor business practices.
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