Homepointe Property Management is a well established management company for single family homes, condos and multi unit properties in Roseville and Placer County. Our office is located at 1220 Melody Lane in Roseville, CA 95678. We have two full time professional agents working out of the office managing property in Roseville, Rocklin, Lincoln, Granite Bay and the surrounding communities. Our friendly support staff are always available to greet our owner and tenant clients Monday through Friday 8am to 5pm. We show our vacant units twice during the week and work with our inhouse leasing agents to show all vacant property over the weekend as well. For the most up to date information and to speak with one of our agents--please contact us at Homepointe in Roseville at #916-781-7075 x650.
James Safonov
Fall is nearing and homes and condos in North Natomas and South Natomas are finding plenty of qualified applicants. Well priced property is renting in a matter of weeks--our vacancies are filling up well ahead of our 30 day goal. I am finding a large pool of would be buyers wanting to rent until the sales market improves. Our company is working with the increasing pool of previous home owners who have lost their homes to foreclosures. The bottom line remains the same--properly priced property always out performs the competition. Know your market and show your home as often as possible. It is critical to open your vacancy up between 2 and 3 times weekly--and do so at varying times and days. Post pictures online and give your prospective applicants the ability to contact you--provide an email and voicemail at the minimum. Rents may be stagnate for some time but in the long run a well priced home will rent quick and start generating income sooner than its overpriced competition.
James Safonov
The Home Owner Associations in these communities are very much involved in the homes within their respective communities. It is crucial to keep open communication lines with the personnel in their local offices. Owners need to complete several forms for the HOA once the decision is made to rent out their property. Forms are required to authorize the HOA to communicate with, and CC documentation to, their property managers. This keeps the management company in the loop with CC&R changes, violation notices, etc. Owners or their agents must notify the surrounding homes of the owner's intent to rent out the home in their specific neighborhood. Owners must sign a form releasing and transferring their right to use the common pool and fitness areas to their tenants. Lease agreements and tenant signed forms acknowledging the CC&R's must be provided immediately to the HOA. Keeping open lines of communication will also help expedite the registration of new tenants within the HOA. To ensure a smooth tenancy and a good relationship with the HOA the property owner and manager must remember to respect and abide by the powers of HOA!
James Safonov
In our industry of managing investment property, the one thing that can always be counted on is the need for maintenance and repairs. Whether the need is one of preventative maintenance or in response to a broken pipe--repairs of all types will always be required. It is my experience that all good managers (and private landlords) have good, reliable vendors they can call on to maintain the investments they manage or own. These vendors are key to the success of the management company and/or owner investment.
Vendors are often the people who gain access to the property and can make the determination whether the maintenance problem is a wear and tear item (owner expense) or a tenant abuse item. This is crucial to make the appropriate charges--owner or tenant. A good vendor can also assist the manager or owner when a recall is in order. Recalls can be due to poor materials and/or poor labor practices.
In the middle of the night a good vendor will promptly respond to the maintenance call to care for the tenant and the property--this in turn benifits the owner by properly addressing a maintenance issue that can ruin a property if gone unchecked (think plumbing leaks on a second level home). Knowing they are to get repeat business will also help the vendor keep the price of the emergency call to a minimum.
I am often contacted for marketing ideas to find what works best to rent properties fast....the answer is always the same: know your market and price your property accordingly. One common question is the issue of rent and deposit--how much should be collected? If you place a well screened applicant (good credit, verifiable income and postive rental history) the deposit should be between 75% and 100% of the deposit, max. Once the deposit is taken you will need to schedule the move in date--this date may be any day of the month. I strongly encourage move ins to be no more than 14 days after the deposit--time is money. Once the move in date is scheduled make sure the future resident knows that the first month is paid in full at the same time the lease is signed. The second month is then prorated on a 30 day schedule. Always require certified funds for the deposit and first month of rent. If you want to make any financial concessions I suggest reducing the deposit--if you screen well enough the deposit should only be a formailty. While vacant it is our philosophy to drop rents appx 5% every 10 days to ensure you are generating sufficient interest in your rental--the property should rent to a qualified applicant in less than 30 days.
James Safonov
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Property Management Rentals and Maintenance in Sacramento, Yolo, Placer, and El Dorado Counties from offices located in Sacramento, Roseville, and Orangevale, CA We manage residential and commercial.
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