Sacramento Property Management

There are on-line services such as Rentometer and Ziply. They can give a guide, but remember these are asking rental rates. There is no reporting to these service of what the property actually rented for.

All properties are not the same and regardless of what you neighbor received for rent a comparison should be made. They may have some features that you don’t have or perhaps you have more to offer.

Another method is using a property manager who are in the loop daily and know what properties will fetch in the market.

And of course test the market with an asking rental rate. If nothing happens in a couple of weeks lower the rent. The market changes daily with supply and demand. What happened yesterday many not happen today.

By Lambert MPM RMP

Buyer consultant and property manager Visit www.arbourpm.com regarding our services.   Visit our book store at www.expert-landlord-resources.com/resource-store.html featuring my book House Investor’s Manual.

We have discontinued comments. because of irrelevant comments and link hookers. If you wish to contact me I welcome you to do so at propertymanager@arbourpm.com

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I am non-partisan and a free thinker. I don’t usually use this blog for poltical comments. However, there was no option to do nothing. No bill coming from congress will be perfect. Pass the damn thing and tweak it later.

It will help millions of people and our economy. More jobs to serve the newly insureed.

Ok, the big complaint increase of the deficit. If it does, than I have suggestions to cut programs that will support it.  Temporally suspend sending rockets to the moon. Cut foreign aid by 15%.  Put high speed rail and other non-essentials on hold.  Spend and take care of our people first.

It is high time that we joined the rest of the civilized countries and offer health care for all. The United States ranked 49th for life expectancy of a senior adult   Ridiculous

1.  Lambert Munz   MPM  RMP

Buyer consultant and property manager

Visit www.arbourpm.com regarding our services and our book store at www. expert-landlord-resources.com/resource-store.html   featuring my book House Investor’s Manual

2.  We have discontinued comments because of irrelevant comments and link hookers. If you wish to contact me I welcome you to do so at propertymanager@arbourpm.com

3.  Sign up for future blogs (about twice a week by clikcing on RSS feed or if you wish to share post with someone click on share button or if you wish to subscribe add your email where indicated and click subscribe

We received some positive new this week

1.  Thunder Valley Casino is planning on hiring 600 people for their new hotel

2.  UC Davis has been awarded Stem Cell research center. They will hire 200 scientists.

3.  Solar company (Green Economy) has been awarded stimulus money and will be hiring people.

The economy is showing signs of turning around. We are finding that the higher end properties are doing better than the lower end at the present time. However, this is subject to change at any time. The rules for this recession are being written as I am writing.

1  Lambert Munz  MPM, RMP

Buyer consultant and property manager

Visit www.arbourpm.com regarding our services

and our book store at www.expert-landlord-resources.com/resourcestore.html

featuring my book House Investor’s Manual

2 We have discontinued comments  because of irrelevant comments and link

hookers. If you wish to contact me I welcome you to do so at propertymanager@arbourpm.com

3. Sign up for future blogs (about twice a week) by clicking on RSS feed or if you wish to share post with someone click on share button or if you wish to subscribe add your email where indicated and click subscribe

I recently wrote this article for a national trade magazine.

It is time to let the world know that we are the experts-not just the caretakers of their investments. We, as NARPM members, have been working toward this goal bny becoming educated professionals.

Most new investors listen to everyone else first. This is a mistake. The property mangers, who are in the trenches, should be their first point of contact. Property managers usually get the properties after the investors have listened to the “gurus.” The investor is shocked when they learn what return the real market will produce. They have a rental and now they have been told to “get it rented,” as if this is an automatic thing property managers can do.

There is one major subject that is rarely discussed by the gurus with these new investors. The subject not mentioned is maintenance.

After a month or more, a major breakdown may occur-replacement of the water heater, air conditioner, heater, of an appliance. most new investors have not planned for these unscheduled surprises. I want to quote a retired property manager from the Sacramento Area Chapter. Bill Horn gave a class that I attended where he made a profound statement. “If you can’t afford real estate, don’t invest.” A lot of times, the new investor has money for the down payment and maybe a modest reserve during the vacancy, but they do not have the capital to handle a major breakdown.

On occasion, I have talked an investor out of buing a questionable investment. These are the rare occasions when a wise out-of-town investor calls for some advice.

Who are these “gurus” that offer these infomercials and seminars? Most have been successful in the real estate investment business. However, a question always pops up in my mind, “Why aren’t they following their own advice and investing in proerties?”  I suspect that. based on the pricescharge for their programs, they make more money selling programs than investing in property