Vacancies increasing along I 80 corridor: from Natomas to Roseville - 01/22/09 11:15 PM
Much like the news from my most recent blog--the communities along the interstate 80 corridor are experiencing increased vacancy rates.  I am receiving mutliple calls daily from investors with homes ready to rent or homes in escrow they need to rent.  These individuals have a significant advantage over those who purchased investment property within the past 4 to 6 years.  Not surprisingly even the new investors want the highest rent possible for their rentals.  With this economy and this time of year we are asking our clients to consider renting to individuals who have lost their homes to a foreclosure.  By … (1 comments)

Natomas tenants finding excellent values - 01/20/09 11:38 PM
As this slow economy continues to dip the prospective tenants of Natomas are finding rents drop and rental inventories increase.  Homeowners who are unable to sell are now forced to compete with the growing number of investors encroaching on the rental market.  Homepointe is seeing a significant rise in new account activity from both the reluctant homeowner and the opportunistic investor.  The current challenge is exacerbated by the time of year:  November through February are notoriously the slowest times of the year to rent out investment property.  Prospective tenants use the winter months to shop for holiday gifts and visit family--they simply do not have the … (0 comments)

Follow up to "squatters in rental property" - 01/07/09 09:44 PM
Once a landlord or property manager discovers the squatter they may be fortunate enough to scare them out by their presence alone. Often it is kids or individuals who do not want to be subjected to law enforcement. If they do not leave your first step should be to call 911 and report a breakin in progress. Be prepared to wait as this type of call does not generate a prompt response unless someone is in harms way. Once law enforcement arives they typically escort the squatter out--they may or may not be arrested. In the case you have a savvy … (4 comments)

Rival communities benefit from Natomas Park excluding tenant access to Club - 01/07/09 09:17 PM
In the wake of the Natomas Park Master Association's landmark decision to exclude all tenants from accessing the Club House common areas, rival Natomas communities are benefiting.  Communities with immediate proximity to Natomas Park such as Regency Park are now seeing their rents increase with like property.  The luxury of a free pool, gym and more no longer distinguishes Natomas Park. 
James Safonov
jsafonov@homepointe.com
www.homepointe.com

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