Special offer

For rentals, the song remains the same: price it properly!

By
Services for Real Estate Pros with Homepointe

My rentals in Natomas, South Port, Sacramento and Roseville are all finding qualified tenants....I'm able to do this by pricing the rentals properly.  In Natomas I am able to rent out three, four and five bedroom homes with slightly increased rents.  South Port West Sacramento and some areas in Sacramento are seeing rents stay stagnate or drop a couple percentage points.  Roseville continues to perform well and is slightly increasing rents there too.  Knowledge and confidence are key--when picking up new accounts we must use our expertise to price and market the rental effectively.  If you price it right, they will rent!

James Safonov

jsafonov@homepointe.com

www.homepointe.com

 

Diane Rice
Rice Prprty Mgmnt & Rlty, LLC, South Holland, IL - Lansing, IL
SFR, SRES, CNC

We must stay up on it... IF we want our properties to move!

Jan 14, 2010 10:40 AM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

IF I want the property to manage and IF the owner insists on a higher rent, then IF I take the property it is with the clear understanding that I'll lower the rent if it is not rented in two weeks!!!

Jan 14, 2010 09:40 PM
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

James, 

Just as with listing homes for sale, price is critical.  It's not a good use of anyone's time or CASH FLOW to price a lease too high.  

All the best, Michelle

Jan 16, 2010 07:58 AM
Robert Machado
HomePointe Property Management, CRMC - Sacramento, CA
CPM MPM - Property Manager and Property Management

Thanks for the update.  Good to know what markets are hot and what is not.

Jan 17, 2010 10:46 AM
DEBORAH STONE
Balboa Real Estate San Diego, CA - San Diego, CA

Build it and they will come

 

Well priced rentals will practically rent themselves. I do not work with clients who have an unrealistic idea of what their property is worth as a rental or a sale. They don't understand that getting a tenant in 2 weeks for $1850/month is better than having a vacancy for 6 weeks and then getting $1950/month.

 

 

Feb 02, 2010 10:17 AM