Property Management and Investor Information: July 2009

HomePointe has implemented new property management software program.  Since 2006 we have provided our clients online access so they can view all their statements and bills in a pdf format.  Many clients have taken advantage of this service and have saved money doing it.

We are currentily beta testing a new expanded service that allows our clients the ability to log in and run reports on their property in real time.  Clients can select to see their Statements, Tenant Ledgers, Work Orders, and more.  Now our clients can know  what we know when we know it 24/7.

Any HomePointe client can contact their property manager to request this as a beta test.  The roll out for all should be soon!

rmachado@HomePointe.com

This question is more complicated than it might first appear.

Rental demand is a function of the asking rent. The higher the rent the less demand there is. You also have to consider the price you have to pay for a house for the rent it can achieve. I suggest you start by trying to determine your tolerance for tenant risk. The better neighborhoods have lower risk but also have less return on rent. If you can take a lot of risk, your cash flow might be better but the property will tend to appreciate at a lower rate when the market returns.

Mainstream areas like Natomas and Elk Grove are middle of the road while Folsom and El Dorado Hills and Roseville are higher end areas. The lower end would include a fair amount of South Sacramento.

You can check out our rent suvey at our website at http://www.HomePointe.com and click on Owner Services to access the surveys.