Property Management and Investor Information: October 2009

We have noted that the rental market is pretty soft right now.  It is a combination of the soft job market, state furloughs, soft real estate market, lower amounts of foreclosures, and finally, school is in sesson and the holidays are close.  In sum, everything is working against a strong rental market right now.

One thing I know, the market in Sacramento has never fallen off the cliff.  We have a stable job base in the state, the exception this time being the 10-15% pay cuts for state workers. 

The next big event will be the new year.  Pent up demand usually makes Janaury a strong month.  We will see.

The funny thing is that we are still renting property at a brisk pace.  Just at lower prices.

At next year's National Association of Residential Property Managers (NARPM) Convention and Trade Show the past presidents will host a charity golf tournament.  The location in Seattle has yet to be determined but the date is to be October 13, 2010.  The shotgun style tournament will be a best ball scramble and each foursome is to include a NARPM past president.

So far we have a committment from Chris Hermanski, MPM, who owns Mainlander Property Management in Portland, Oregon to be the Site Chairman.  Mark Kreditor, MPM, who owns Get There First Property Management in Dallas, Texas is in charge of Sponsorships. 

The charity part is something that will change year to year based on one of the past presidents selection.  For this 2010 tournament the charity is Creative Living Options which is located in Sacramento, CA.  Here is some information on this non profit and the work it does:

Creative Living Options (CLO) is a non-profit agency that provides Supported Living Services for adults managing developmental disabilities in Sacramento, Yolo, and Placer counties in California. Creative Living Options: • Enables people to live in homes of their own • Encircles people with holistic, individualized supports • Embraces each person’s lifestyle choices • Encourages and supports people to participate in their communities • Empowers people to pursue their dreams

Their  website address is www.creativelivingoptions.com

We have not yet set the goal for funds to be raised but that is coming soon. 

I am the this years chair of the tournament and am seeking additional help. Contact me if you are interested.  Stay tuned for updates as they become available.  I welcome your support.

The first annual Appfolio Golf Tournament held at Osprey Ridge in Orlando, Florida in conjuction with the National NARPM Convention and Trade Show went off on time this morning at 9:30 am with a shotgun start.

Bob Machado took the early lead but Chris Hermanski did not remain far behind. In the end, Bob sunk a short putt on 18 for par to win $10.00 and the tournament. Chris came in second but did win the 16th hole, a long water laden par 5.

Next year promises to be an even better and bigger event. We thank all the tournament organizers including Alana Pergis, Aimee Miller, and Albert Oaten. Without Appfolio's committment this tournament would not have been a success. See you next year in Seattle!

Whenever I have an early flight out of Sacramento I always stop at La Salsa Fresh Mexican Grill in Terminal A.  Their breakfast burrito and and an orange juice is a real treat.

The burrito includes scrambled eggs, salsa, and chorrizo.  Just the right amount of food and made fresh.

My flight to Orlando will be much more pleasant on a full stomach without having to suffer through hungry.  Give this place a try on your next flight.

The highlight of year for us single family property managers is the national convention.  This annual event is being held this year in Orlando, Florida. 

Among the many features of this event are a trade show featuring the many vendors that serve our industry including software, advertising, and credit reporting companies.  There will also be keynote addresses, classes on many subjects of interest to professional property managers, and lots of networking.  Getting to know managers and how they do business all over the country is a huge advantage for the attendees.  Much time is saved and profitability increased by paying attention to the best practices in the industry.

For more information go to www.narpm.org.

Supported Living Services What is SLS? Supported Living is an individually tailored set of services and supports designed for adults who manage developmental disabilities. People using Supported Living Services create their own lifestyles and live in homes of their own, with or without housemates, according to their choice. With the support of family, friends and agencies, they choose their activities, companions and goals, creating lives that are typical of others in their communities. They participate in their communities and work, with individualized support, toward achieving their personal goals.

If you want more information about Supported Living go to www.CreativeLivingOptions.com   This agency is one of many that offers an alternative to group homes and living with parents.

I took my son, AJ, the one wearing the Red Sox Jersey, golfing with me this past weekend.   AJ rides shotgun and drinks soda while I golf.  This time we golfed with Sidney Poritz (the red shirt) who is one of our property managers (and a good one, too!) at HomePointe.

At the conclusion of our less than memorable 18 hole round, we ran into Kenny Thomas who was making the turn at Teal Bend.  Well, Kenny made a huge effort to say hello, gave an autograph without being asked, and he had his golf partner take this photo.

Kenny was so friendly that he got me excited about the upcoming season.  I am hoping he has a great year.  Kenny is a person that is giving back which is the way it should be.

I tip my hat to Kenny for giving us a great memory.