My primary areas of Managing Investment Properties have been Natomas, Land Park, Greenhaven, Pocket, Sacramento and Elk Grove.
It has become clear things are changing yet again.
The rental market lives off the sale market in many cases. The current rental conditions are moving but at a lower value. Most properties in my experience have a rental turn around of 3-6 weeks start to finish.
But pricing is critical to low vacancy exposure. If you are reaching for the stars and top end of rent, you will most likely be left waiting or end up with a serious high risk tenancy.
The economy is a top concern and affordability is more important than ever. Families and individuals are planning for the rainy day so to speak and want to make sure they are not over extended.
Upgrades and improvements are not really the answer nor in my opinion will they make too much of a difference. Most potential renters are looking for rental properties that are in good - clean condition, not necessarily brand new.
Make sure the rental property is listed immediately and hire a professional Property Manager to assist you through this vol ital and changing market. Screening, sound agreements and detailed documentation of the properties conditions are a necessity.
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