My primary areas of Managing Investment Properties have been Natomas, Land Park, Greenhaven, Pocket, Sacramento and Elk Grove.
We have to accept the fact that all things must change.
Owners of our rental properties consist of mostly mid sized individual and group investors. I believe most rental property owners today own more than one rental home/property and are looking to expand in this market. Properties are priced to sell for the most part and interest rates are much improved. Income properties are acquired for investment purposes and usually held for an extended period of time.
Now the bank/lender owned rental properties have introduced themselves into the traditional mix. REO properties are usually meant to be sold and are only being released into the rental market as a short term solution. Cash flow and investment protection lead the trail of problems facing banks and lenders right now. To managing the asset is to minimize the loss.
a bottom line or threshhold relative to their financial abilities. Do banks/lenders have a bottom line or do they have a serious advantage in getting their properties rented by any means necessary?
I have concerns and questions as we enter this transitional period. The playing field is being altered as we speak. What will come of rental comps in the greater Sacramento area? I know I will be closely monitoring our quarterly rental survey.
2009 will truly be interesting year in the rental market. Ideas anyone???
Let me know if anyone would like a copy of our greater Sacramento area rental survey, for your convenience we can add you to our automatic email update issued each quarter.
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