ask me a question social share 6-2-22

Got Questions about Selling Rental Properties…?

Take Advantage of Today’s Market If You Are Thinking About It….

Got Questions about Selling Rental Property…? Such as a using a 1031 Tax Deferred Exchange or you’d like information on an Exit Cash Out..?

I’ve got years of experience in the Sales and Management of  Residential Income  Properties.  That includes… Single Family Rentals, Duplexes, Four-Plexes & Apartments too.   We’ve seen it all.

So go ahead and ask me anything related to this topic or real estate in general.  I promise, there are no dumb questions.

You can drop a note my way via email or pick up the phone and call me at 916.203.1260.   You’ll be surprised I’m sure,  because I usually pick up the phone.   Just try it and see.

In the Mean Time…?

Make it a Great Day…!

Ed Favinger, Broker Associate

#realestate #realestatequestions #realtor #realestateagent #realestateexpert #realestategoals #realestatemarket

questions about investment properties

Thinking of Buying a Rental – Stop Here & Get Your Questions Answered

I’ll Answer Your Questions About Owning a Rental and the Market.

If you have thought about buying a Residential Investment property please take a minute and give me a call.  By the way…I pick up the phone usually on the 1st ring too.

916.203.1260 or jot a note my way – Ed@EdFavinger.com

In the mean time, you could get more information about Investment Properties by CLICKING HERE.

There are great opportunities still out there.  We specialize in Sales & Rental Management of Single Family Homes, Duplexes, Four-Plexes & Apartment Complexes throughout the Sacramento Region.

So, not only can we help you buy the right property, we also offer Property Management Services 2nd to None.

I can answer all of your Questions about Buying Rental Investment properties,  so ask me anything related to this topic or real estate in general.

I promise, there are no dumb questions.

#realestate #realestatequestions #realtor #realestateagent #realestateexpert #realestategoals #realestatemarket

Sacramento Duplex Sales While Still Hot – Showing Signs of Slowing Down…?

While Sacramento Duplex Sales seem to be slowing down some it might be just the appreciation only slowing.  There is not much inventory and those Duplexes in good areas get multiple offers even if they are fixers.


Take a peek at the graph below.   Looks like Average Sales Price is coming down some.

Don’t get me wrong there are still great opportunities out there to get into the Sacramento Duplex market. There is still a great shortage of rental inventory and rents will continue to go up because of the demand.

If you are thinking of buying a Sacramento Duplex or any other Residential Investment give me a call at 916.203.1260 or drop a note my way – Ed@EdFavinger.com

 

In the Mean Time…?

 

Make it a Great Day…!

Aerial shot of Folsom, California with Folsom Lake in background.

Inventory is Low – A Seller’s Market…!

Historically Low Interest Rates Driving Up Prices.

If you’ve been thinking of Selling your Home or an Investment property and would like a quick idea of it’s value, then click here to find out.

If you are thinking of renting out your home and moving up or out, check out our property management company for more information on the Rental Market in Folsom.

Call me at anytime or send an email my way.

 

In the Mean Time…?

Make it a Great Day…!

Ed Favinger, Broker Associate –  916.203.1260 – Ed@edfavinger.com

 

Tenants Have to Follow the Rules or a Termination of Tenancy Could Occur

When Given a Notice to Enter to Make Repairs… Be Available

We recently had the occasion of having to serve a tenant on more than one occasion to allow a Plumbing company entry into his unit to make a repair on a water leak that the tenant originally called in.

The plumbing company made more than a few attempts to get into the unit, but the tenant was never fully cooperative. Plumbing companies and other vendors we use can not always make an “on time” appointment. They will do their best but a lot of times they will have a “window” of time.   For example, “well be there between 9-11”.

Personally I agree with the tenant that if they use a window, it means they have to be there a 9 but the vendor may not show up until 10:30.  However,  that is the environment we live in and while it’s sometimes inconvenient we have to get the repair completed.

When the tenant stood us up again, we gave him a 48 hour notice to enter.

On the day we were supposed to enter, we get there with a copy of the keys just in case the tenant wasn’t home which,  in this case he wasn’t,  although he said he would be.

Here’s a list of the violations of his lease.

  • The Keys We Had Don’t Work – Tenant Changed the Locks
    If you didn’t know, as a Tenant you are allowed to change the locks on your door, BUT, you have to give a copy of those new keys to the Property Manager/Landlord in case they need access,  as was this case. Since the tenant wasn’t there and would not be available, we had to drill out the key and replace the lock.
  • The Tenant had “unauthorized” pets in his unit !
    After we get into the unit we find the tenant has dogs that he never told us about and was not authorized to have.
 So What Can Happen To a Tenant in a Case Like This..? 

The Tenant is going to be given a bill for the replacement of the lock since he didn’t give us a copy.  He also had dogs and never told us or got authorization so he getting a Termination Notice.

The new Statewide Rent Control Law does not come into effect until January 1, 2020, so his “termination of tenancy” doesn’t require any reason for the termination.   This was a tool that made it easier for Landlords to get rid of Tenants who don’t follow the rules.

So the advice I’d give you if you going to be a renter is, please follow the rules.   Most property managers don’t like kicking people out of their homes, but if you don’t follow the rules that is what could happen to you.

If you are an Owner/Investor looking for Property Management Services, please check us out at Haven Properties, Property Management Services 2nd to None.

 

In the Mean Time…?

Make it a Great Day…!

Ed Favinger, Broker, CRS, GRI, SFR

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