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Alex Machado

Renting to applicants that have encountered a foreclosure

12-08-08
Alex Machado

Renting to applicants that have encountered a foreclosure

It is best for all property managers to have a process to accept and/or reject applicants that have encountered foreclosures-this will assure that you treat all applicants equally.

A good policy to adopt in the current Sacramento foreclosure market is this:

  • Accept if credit is good with foreclosure and applicant has sufficient income
  • Accept if bad credit since foreclose, prior credit it positive, and have sufficient income
  • Reject if credit is bad over a long period of time both prior and succeeding a foreclosure

If you have any questions qualifying tenants, please contact me.

Alexandra Machado

Property Manager

916.429.1205x700

www.HomePointe.com

amachado@HomePointe.com

Tips when signing rental agreement

11-21-08
Alex Machado

Tips when signing rental agreement

•· Rent should be due on the first. If tenants move in after-prorate rent

•· Do not leave blanks instead write N/A

•· List all occupants (include adults and children)

•· Require guarantee fund for security deposit and first months rent

•· Specify who pays utilities

Alexandra Machado

Property Manager

916.429.1205x700

www.HomePointe.com

amachado@HomePointe.com

Current Rental Market

11-21-08
Alex Machado

It is most advantages for owners to price their rentals at market rate. With the Holiday season rapidly approaching, aggressively marketing your rental is important to turn your property quickly. It is a renters market and better to lower your price than sit on your vacancy hoping for the market to turn.

Alexandra Machado

Property Manager

916.429.1205x700

www.HomePointe.com

amachado@HomePointe.com

Investing in Rental Property in Sacramento

11-05-08
Alex Machado

Thinking of purchasing property to use as a rental? Investment property is a great way to increase your monthly income. Unlike the stock market, even if the market crashes you are left with a tangible asset!

A property management company can take away the stress from collecting rent, answering maintenance repair phone calls 24/7, managing income and expenses, bill paying (utility bills/mortgage), and qualifying tenants.

Contact me at HomePointe Property Management to help relieve your property investment stress.

Alexandra Machado

Property Manager

916.429.1205x700

www.HomePointe.com

amachado@HomePointe.com

Greenhaven/Pocket Rentals

10-30-08
Alex Machado

Greenhaven/Pocket Rentals

4thquarter rental Survey for the Greenhaven/Pocket area.

Greenhaven/Pocket So Sac 95822,95831

Type

Br

Average

Low

High

Apt

2

$939

$750

$1,153

Dup/Condo

2

$924

$750

$1,025

Hse

3

$1,244

$995

$1,700

Hse

4-5

$1,284

$995

$1,650

Send me an email at AMachado@HomePointe.comif you would like to receive a quarterly rental survey for the following areas: Antelope, Foothill Farms, Arcade Creek/Del Paso Heights, Arden, Cameron Park/Shingle Springs, Carmichael, Citrus Heights, Downtown/Midtown, East Sac/Oak Park, Elder Creek/Fruitridge, Elder Creek/Fruitridge, Elk Grove/Laguna, Fair Oaks, Florin, Folsom, Franklin/Freeport/Mack, Granite Bay, Greenhaven/Pocket/So. Sac, Land Park/Curtis Park, Natomas/Del Paso Heights, North Highlands, Orangevale, Placerville, Rancho Cordova/Gold River/Mather, Rocklin/Lincoln/Loomis, Rosemont/College Greens, Roseville, West Sac/Yolo

Alexandra Machado

Property Manager

Home Pointe Property Management

916.429.1205x700

www.HomePointe.com

amachado@HomePointe.com