When a poker player has good cards, sometimes they slow play the hand by not betting much in the hopes of attracting more players to stay in the game. They hope the other players will put more money in than if they player with the good hand bet big early. It is a way to make more money.
The banks that are trying to sell there Real Estate Owned (REO) property are sometimes slow playing the offers they receive. I have noted that sometimes they will sit on an offer for weeks on end. I believe this is so they can hopefully attract more offers.
I think the banks would be better served by making counter offers and getting on with the deal. Slow playing in real estate is a waste of everyone's time in my opinion.
If you are an investor looking to buy REO's I suggest you get a good realtor to help you. They can identify all the listings out there and help you find the best ones. Once you have your property, find a good property manager to help you fix up the property and to help you locate a tenant and collect the rent. If you are in the greater Sacramento, Placer, El Dorado, or Yolo areas of northern California, come see me at www.HomePointe.com . We will not slow play your business.
Sacramento-Yolo Mosquito and Vector Control District
Of special concern for the District are the high numbers of foreclosed homes in the area that have abandoned swimming pools. For the past few months, the District has been working closely with various city and county agencies to obtain lists of foreclosed homes with pools. Pools are a significant threat because if left un-attended, they can produce thousands of mosquitoes infecting an entire neighborhood. We anticipate that this could be a significant problem during the hot summer months ahead and we urge the public to report any un-attended swimming pools by calling 1-800-429-1022 or filling out a service request form. In 2007, over 1000 pools were found to be producing mosquitoes and required treatments by District field technicians.
More information at: http://www.fightthebite.net/
Now that you know how to protect yourself, call HomePointe for your Property Management needs.
. We provide property management in the following communities:
Property Management in Sacramento, Property Management in Natomas, Property Management in Elk Grove, Property Management in Laguna, Property Management in Galt, Property Management in Franklin, Property Management in West Sacramento, Property Management in Davis, Property Management in Orangevale, Property Management in Citrus Heights, Property Management in Fair Oaks, Property Management in Gold River, Property Management in Carmichael, Property Management in North Highlands, Property Management in Antelope, Property Management in Roseville, Property Management in Rocklin, Property Management in Granite Bay, Property Management in Lincoln, Property Management in Loomis, Property Management in Marysville, Property Management in Plumas Lake, Property Management in Rancho Cordova, Property Management in Rosemont, Property Management in Cameron Park, Property Management in El Dorado Hills, Property Management in Shingle Springs, Property Management in Serrano, Property Management in Rescue, and more.
Be aware that those of us living in Sacramento and Yolo Counties (and some other counties in California) are at risk.
Sacramento and Yolo County residents are in a West Nile virus high risk area, and are being urged to take precautions against mosquito bites.
Practice the District's 7Ds:
DRAIN any standing water that may produce mosquitoes.
DAWN and DUSK are times to avoid. These are the times when mosquitoes are most active.
DRESS appropriately by wearing long sleeves and pants when outdoors.
DEFEND yourself against mosquitoes by using an effective insect repellent, such as DEET, Picaridin or Oil of Lemon Eucalyptus. Make sure you follow all label directions!
DOOR and window screens should be in good working condition. This will prevent mosquitoes from entering your home.
DISTRICT personnel are available to address any mosquito problem you may be experiencing by calling 1-800-429-1022.
Next: Why foreclosed homes are a real problem.
The rental market is continuing down the middle path as it has done for the past six months. While there is plenty of demand for rentals in the Sacramento Region, there are still plenty of houses to rent.
But, you say, the sales market is pretty bad, this should improve the rental market. That is normally the case but there are factors involved that have impacted the situation.
1. Sellers cannot sell at prices they are comfortable with. Those sellers are having to either not sell or rent their property. If they rent it, it adds to the stock of rental houses. This increases supply and lowers the push for higher rents. Rents stay softer.
2. Foreclosures are removing housing stock, both owner occupied and rentals. This tends to increase demand for rentals as the poplulation is not going away, yet there are fewer houses to rent in the area. Rents should increase.
3. Some foreclosed property (REO's) are coming back as rentals and owner occupied property. The rentals coming back are increasing the rental stock which will increase supply. Rents stay softer.
The net result so far has been that rents are pretty static. At HomePointe we have noted that supply is dropping and we expect rents to start rising soon. The demand is there for rentals.
We have a property manager that services the following areas:
Property Manager in Sacramento, Property Manager in Natomas, Property Manager in Elk Grove, Property Manager in Laguna, Property Manager in Galt, Property Manager in Franklin, Property Manager in West Sacramento, Property Manager in Davis, Property Manager in Orangevale, Property Manager in Citrus Heights, Property Manager in Fair Oaks, Property Manager in Gold River, Property Manager in Carmichael, Property Manager in North Highlands, Property Manager in Antelope, Property Manager in Roseville, Property Manager in Rocklin, Property Manager in Granite Bay, Property Manager in Lincoln, Property Manager in Loomis, Property Manager in Rancho Cordova, Property Manager in Rosemont, Property Manager in Cameron Park, Property Manager in El Dorado Hills, Property Manager in Shingle Springs, Property Manager in Serrano, Property Manager in Rescue, and more.
Our office is unique in that we hold "Open Houses" for our rentals on a pre set schedule. While most property management companies shut their doors on Friday night and reopen on Monday, HomePointe Property Management is showing 50 or more vacant houses in the Greater Sacramento Area.
Here is our link to our showing schedule: http://www.homepointe.com/schedule_list.asp
We have rentals in the following communities:
Rentals in Sacramento, Rentals in Natomas, Rentals in Elk Grove, Rentals in Laguna, Rentals in Galt, Rentals in Franklin, Rentals in West Sacramento, Rentals in Davis, Rentals in Orangevale, Rentals in Citrus Heights, Rentals in Fair Oaks, Rentals in Gold River, Rentals in Carmichael, Rentals in North Highlands, Rentals in Antelope, Rentals in Roseville, Rentals in Rocklin, Rentals in Granite Bay, Rentals in Lincoln, Rentals in Loomis, Rentals in Rancho Cordova, Rentals in Rosemont, Rentals in Cameron Park, Rentals in El Dorado Hills, Rentals in Shingle Springs, Rentals in Serrano, Rentals in Rescue, and more.
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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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