Renting a Home That Needs Work is Not a Smart Thing To Do…1

Even If  You Lowered the Rent, The Tenants will “nit-pick” and never be satisfied.

 

Not only will they nit pick your place, they will not improve it for you and will most likely make it even worse and cost you more in the long run.

When you are an investor, you have to set aside enough reserves to be able to do what we call a “turn over” after the old tenant moves out.

If you’ve had a long term tenant that’s been there for several years, your place is going to need new paint, probably some new carpet/flooring and other minor repairs such as new window coverings that you can not charge the old tenant because it’s “normal wear and tear”.

Yes it’s going to cost you some $$ to fix it up. However, in today’s Sacramento/Folsom rental market area, you’ll get a lot more in Rent if you do.

If you don’t fix it…?    You’ll get disgruntled tenants that decided to take it as is because you didn’t charge the market rent you could have and even though they get the place at a lower rental rate, they will decide they are not getting a good deal.

Why…?

Because the place needs work and they really expect a Landlord to do it all.   We’re experiencing this now in a property we recently leased up.   The owner claimed they didn’t have the funds to fix it and we had a tenant willing to take it “as is”.

It didn’t take long for the tenant to start complaining.

Bottom line is fix your place up to a Move In Rent Ready condition and make sure all the appliances work.  You’ll have a much better relationship with the tenant and you’ll be able to get top dollar for your rental.

 

Looking for a Nice Affordable Place to Live

Check out 4703 Greenholme, Sacramento, Ca

 

The owner has recently update/upgraded this Duplex apartment that has all the features of a single family home.

  • New Kitchen
  • New Bathroom
  • Mirrored Doors in the Master Bedroom
  • 2 car garage with opener
  • Renting at $1,200 per month – Owner takes care of landscaping

Nice Home For Rent In Folsom’s Empire Ranch

Folsom Homes Rent Quick – Better Hury up

 

Hey there… we’ve just listed this Empire Ranch Home.   It comes with 3 bedrooms 2 baths and a Den.   It’s also one of the nicer single story homes for rent in Empire Ranch.   It’s on a corner so you only have neighbors on 1 side.

We’ll throw in the hillsides views and nearby access to the trails for free along with the 3 car garage.

Call the office at 916-990-0770 x11 to set up an appointment or go to our “viewing dates” to see what days we’ll open it up.

FYI – Tenant pays the the W.S.&G but we’ll take care of the landscaping.   We’ve got a work order now to have our landscape people get out there and re-seed the front yard now that the drought is over.

In the Mean Time…?

Make it a Great Day…!

Ed Favinger, Broker, CRS, GRI, SFR, CDPE

Don’t Make Your Landlord Mad… Follow the Rules

Paying the rent is not the only thing required of a Tenant.

 

Many Property Managers and Landlords will have other terms and conditions besides the payment of rent in their lease/rental agreements.

On the one hand while a Landlord has to provide a “habitable” unit and must maintain things like a water tight roof, adequate plumbing and free of vermin, on the other the Tenant has obligations as well.

The Tenant is to maintain their unit in a clean and sanitary way and in some cases even maintain the front and back yard landscape maintenance.

We also have rules such you can’t do major auto repairs on the property and any vehicle must have current tags, Insurance and be “operable”.  You’re not allowed to store a non  operable vehicle on one of our properties.

I drove by yesterday in the usual course of business and found a big time violation that is one of the big “no-no’s” for this company.

You are never allowed to park a car/truck on the front yard grass… ever. 

Would you want to have these people living in one of your units or if you were a neighbor want to see this…?  I don’t think most people would.

If you’re a landlord, don’t put up with bad tenants.  If you need help, then call us and we’ll help you maintain your property in top condition.     The tenants have to know that their obligations to you the landlord not only include paying the rent on time, they also include following the rules and to maintain the property in a clean and sanitary condition.

If you need a property manager that cares about your rental property then call us at 916-203-1260 or email me at favinger@rwnetwork.com

In the mean time…?

Make it a Great Day..!