If you have not golfed at the 9 hole Land Park Golf Course recently you should give it a try. Morton Golf has taken over the management and they have done two important things. First, they moved the tee boxes back creating 3 distance levels. Second, they are really making an effort to keep the course in top shape. The greens are very good and the fairways just as nice.
This course is short, only 1 par 5 and 3 par 3's, making it a par 34 overall. Just right for a quick drop in after work, and at about $14 for a round, the price is right too.
I have a nephew with a young family that asked for some advice. Seems their mortgage is now upside down and their mortgage payment has increased. They wanted to know what to do.
The have tried to talk to the lender, but no response.
I told them that they have a few options. Keep going with the minimum payment, try to short sell (but if the lender will not cooperate what good is that), walk away and rent somewhere else, or stop making their payment and eventually they will be contacted.
I don't much like the last option, but the lenders have put many people into a position to consider this option in order to get the conversation going.
It is still not pretty out there, especially in California.
We chose Appfolio as our software solution for several reasons.
First, we wanted a program that could handle our current portfolio of 2,000 tenants consisting of single family, apartments, and commercial properties.
Second, we wanted a web based program. Web based means no more backing up issues (Appfolio does it), no hard drive failures, no network issues, and consistent program availability for our three offices and for onsite staff. We can also use the program at home or on the road.
Third, Appfolio has an accounting program that is both understandable, foolproof, and consistent with trust accounting requirements.
Fourth, we are convinced the Appfolio is committed to providing an ever improving program.
Fifth, we are serious about reducing our use of paper and Appfolio is a great vehicle for both going green and saving money doing it.
Finally, Appfolio was able to migrate all our Yardi Enterprise data which was important for us. We have a large database and being able to bring all our data into Appfolio is a huge advantage.
We are still learning the program but we are confident that Appfolio gives us a competitive advantage over our competition as well as increased productivity. The whole idea is to give our customers the information they want and provide our staff a tool to get that information to them on a timely basis. Appfolio helps make achieving that mission month in month out a reality.
Our 3d Quarter 2009 Residential Rental Survey is now available. You can access this survey at our website along with past surveys by clicking this link: HomePointe Surveys .
You get on our Quarterly Email List at your request. Email me at rmachado@HomePointe.com and I will add you.
The rental market remains healthy despite high unemployment and furlough days here in the Sacramento area. It seems many people are downsizing and certainly are not purchasing in great numbers. They have to live somewhere and rentals are the option that makes the most sense. Sales are strong at the bottom end and this is due to entry level buyers and investors grabbing the lower prices. If you own a rental, hang on to it if you can. Investors that are upside down are still letting theirs go, keeping the foreclosure pipeline alive.
We have noted that in the last 45 days fewer of our clients are letting their investment homes go into foreclosure. This is mirroring what I am reading in the Sacramento Bee and Wall Street Journal. We may well have hit bottom or at least taking a breather.
I suspect that most of the upside down owners have already let their homes go leaving the rest of us that have owned for longer periods.
It is noteworthy that the low end is experiencing mulitple offers and price bidding wars. Things are looking up for a change! We are also seeing a steady stream of investors needing their homes rented.
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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.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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