Our 4th Quarter Residential Rental Survey is now available for Houses for Rent, Duplexes for Rent, Apartments for Rent in the greater Sacramento area. You can also access this survey at our website along with past surveys by clicking this link: http://www.homepointe.com/owner_services_rental_survey.asp.
Is the sky falling or what? Last I looked at my own haunts, I noted that restaurants are still busy on weekends, but I can now walk in instead of needing a reservation. I still see that the malls are busy, but some stores are no longer there. Gasoline is coming down, and that is welcome relief. I just saw my 401k and noted that my accounts have taken a hit.
Luckily I got out of the stock market earlier this year and have bought some REO’s. With 6-10% cash on cash return I sleep better.
As for rentals, we are getting inquires from investors looking to buy houses for cash like I have done. That seems to be where the action is. How long will this last? I am hearing maybe 5 years! Rents are holding steady and houses and apartments are renting. That market is a bright spot. Tell your investors!
Remember, we don’t sell, just manage and maintain.
www.HomePointe.com
Robert,
Another great Post.
I enjoy your candid insight.
Thank you for taking the time to meet with me last Thursday.
I am proud to be a client of HomePointe Property Management and look forward to the time when you will also be a client of Fidelity National Home Warranty
I look forward to meeting with you again soon.
Yvonne Nelson
Fidelity National Home Warranty
www.homewarranty.com