How busy is the Benicia Home Rental Market?

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Services for Real Estate Pros with houses for rent, Solano County & Glen Cove 01870024
http://actvra.in/YFD

 

How busy is the Benicia Home Rental Market?

 

The Benicia Home Rental Market is so busy that, at Delgado Property Management, we have run into a multitude of situations in which a home is rented before another potential renter who wanted the same home can react and then the second potential renter feels frustrated.

 

Benicia Property managementAlthough finding a home is a much more serious topic, I am reminded of the Cabbage Patch Kids craze several years ago during which crazed parents would take the toys out of other people’s carts or even out of their hands so that they could buy the toy.

 

Not only is finding a home a much more important topic than the latest toy craze, it is also more involved.  For instance, we have a policy that a home is not taken off of the market until a potential renter places a deposit.  However, we come across numerous variations of how things can play out.  To name just a few:

 

1.    Potential renter applies and never place a deposit,

2.    Potential renter applies, places a deposit and changes their mind

3.    Potential renter applies, places a deposit and then does not qualify

4.    Potential renter applies and yet someone else places a deposit more quickly so that they lose out the home they were interested in.

5.    Potential renter applies, doesn’t place a deposit but hope that the property won’t rent to someone else while they make up their minsd

 

You can imagine how challenging it can be to keep up with all of these various possibilities.  Throw into the mix that sometimes:

 Renter A“ may apply and place a deposit but then change their mind.

In the meantime, “Renter B” may call and we tell them that there is a deposit on the property so they leave not getting the home that they wanted.  

But then,Renter A” changes their mind and now the property is available again.

Quickly,Renter C” places a deposit before the original “Renter B” can react- so that "Renter B" is now dissatisfied.

 

Benicia home rentalYes, I know this must sound a bit crazy but it does happen very frequently and that is why we encourage folks to move quickly but also keep an open mind.  It is also why the application applies to ANY property we have, and not just one property.  We even had to discontinue waiting lists because the process of calling folks and waiting for their return call would frustrate an interested renter that was standing out our desk ready to place a deposit.

 

We are doing out best to satisfy everyone, but we've even had trouble keeping up with phone calls as our proverbial “shelves of toys” is finally starting to get a bit empty as our selection is rented off.

 

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Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

I've seen this sort of thing happen quite often and it can be frustrating to renters.

Jul 21, 2013 03:53 AM #1
Rainer
205,020
Mark Delgado
houses for rent, Solano County & Glen Cove - Benicia, CA
Benicia and Vallejo, Property Management, rental h
Yes, it is difficult to try to make everyone happy when the pace gets this fast. We do try, but folks have very different temperaments and what one is ok with another is not.
Jul 21, 2013 06:21 AM #2
Rainmaker
1,279,680
Yolanda Cordova-Gilbert
C&G Consulting - Katy, TX
C&G Real Estate Consulting

Mark,

        It is tough to know what to do in this situation I think I would make the calls with lots of qualifications in them because someone may just get there before the next person does! I hope all is well with you.

Jul 21, 2013 07:45 AM #3
Rainmaker
2,010,830
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Mark,

I really do not know how you do it? Renters atre basically flakes. Sorry to say this but very true.

Jul 25, 2013 11:47 AM #4
Rainmaker
1,176,436
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I alert my client/property owners when I have an approved application and I remove the listing from my Craigslist postings; however, the listing remains on my website until I have a signed lease AND bank funds for their move-in monies...the application is just the first step....

Jul 27, 2013 03:37 AM #5
Ambassador
1,237,843
Joni Bailey
Berkshire Hathaway Home Services - Anderson Properties - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

And then when they are upset, it is always your fault. It's enough to drive a person to a Grande Latte! :)

Jul 28, 2013 04:50 AM #6
Rainmaker
673,039
Hella Mitschke Rothwell
(808) 226-1095 or (831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker

That does sound frustrating which is another reason I don't do property management. But then, being a buyers and/or a sellers agent has its own challenges.

Jul 30, 2013 08:09 AM #7
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Rainer
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Mark Delgado

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