Apartment Sector Update

US apartment sector is in a full expansion.  Vacancy rents are expected to increase to an average of $1100 this year across the nation.

San Jose ranks first in the nation for best cities to own rental properties in, and San Francisco is #2.

Full Story from the Orange County Register

Beware of Fraud!

The Morgan Hill Times reported a story last night about a couple who have been swindling property owners.   According to the story, the couple has been using fraudulent documents to verify their identity, income, and employment in order to get rental applications approved, and wrote a personal check to cover the move in costs.

Can you see it coming?  I know, it seems obvious to professional property managers and professional property owners, but there are many amateur rental property owners with good intentions that make small, simple mistakes, that end up costing them a fortune, or in some cases, their property to foreclosure.  That's why it's so important that if you decide to rent out your property, you either really educate yourself on professionally managing rental property, or you get yourself a good professional property manager.  Hiring a good property manager will be more than worth the cost in the long run.

Foreclosure Update

Foreclosures ramped up again:  Full Story

Home Sales Increasing in California

Home Sales Increasing;  Full Story

The Eviction Process

The eviction process can be the scariest, and most expensive part of the rental business for the owner/manager.  The process is strictly regulated to protect the residents, and any small mistake or typographical error can/will restart the clock, and cost you more money.

Avoiding Evictions

I've discovered the best way to reduce/avoid evictions is a two step process.

Why invest in Real Estate?

KMPH is reporting that housing in the Fresno area is cheaper to buy than to rent.  All over the state, occupancy rates are rising, and rental rates are rising.  With sales prices still remaining very low, and mortgage rates also remaining very low, this is a great time to purchase an investment property and start earning positive cash flow.  If you're wondering how that works, please allow me to explain..