After listening to President Obama tonight my thoughts ventured to credit reports. Finding good tenants during an economic time is possible, but should you take risks? Applicants claim everybody has bad credit these days. Not a bad point. Scanning through about 5-7 credit reports a day 80% of the reports look bad.
People tell you they will be the best tenants even though they have bad credit and don't pay there bills. My feeling is looks like a duck, quacks like a duck, it must be a duck. Good credit and good applicants are out there it just takes the right strategy to place them in your home.
Sidney Poritz
HomePointe Property Manager
916-429-1205 ext. 800
I think since the dinosaurs roamed the earth tenants have always asked why did they not get there deposits back. I know the reference seems silly, but if you think about it......it's true. Tenants will always think the property looks better when they left, compared to when the received it. People have different living conditions which are acceptable and if they are accustom to living dirty, the house was dirty when they took over possession.
This will be one topic which will always be in debate, no law will ever change the fact tenants and landlords will disagree on security deposits.
Sidney Poritz
sporitz@homePointe.com
916-429-1205 ext. 800
I would like to know what property managers and owners feel about Section 8 tenants. If you can give me some experiences you have had with Section 8, I would like to discuss the topic.
Please comment and lets discuss the pro's and con's.
Sidney Poritz
HomePointe Property Manager
Sacramento, CA 95822
sporitz@homepointe.com
916-429-1205 ext. 800
Life would be a lot easier if we knew what the next day ahead would look like. Unfortunately nobody has a crystal ball to determine what the next day entails. My hope is more renters come to the table this summer and are looking for good deal on a property to rent. I continue to try and inform my clients the inventory is something you don't want to play with. Lower your price and find a good renter. Even if you get 90% of your asking price, it's better than getting 0% of your asking price.
Time are tough and renters are smart. Make sure you are the owner who is ahead of the game and don't get greedy.
Sidney Poritz
HomePointe Property Manager
Sacramento, CA 95822
sporitz@homepointe.com
916-429-1205 ext. 800
Around this time last year mid level homes were renting within 30 days with a good price tag. This year things seem to be a little slower in the mid level market. In Sacramento a lot of investors have bought foreclosures and put a quality home in the rental market. This has brought the inventory for a mid level home to a rise and renters have a bigger inventory.
In other words make sure you are offering a better than competitive rate to try and get your home rented within those 30 days. Don't play the game of trying to wait for last years prices when today's market is not yesterdays news.
Sidney Poritz
Property Manager
HomePointe Property Management
sporitz@homepointe.com
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