Sacramento Property Management For Rentals – Edwin Covarrubias

How long was you longest vacancy for a rental in the Sacramento area?
Let’s hear your stories and what went wrong and how you got it rented finally.

Edwin Covarrubias

Edwin Covarrubias

Smooth Sailing Realty & Property Management, Inc
Call Us Today To Have All Your Rentals Filled
916-387-0500
www.SmoothSailingRealty.com


Sacramento Real Estate Market – Are We At The Bottom?

I would like some feedback/response to about whether or not we have hit bottom or not in the residential real estate market for investors?  Is more damage to come?

Edwin Covarrubias

Edwin Covarrubias

Edwin Covarrubias
www.SmoothSailingRealty.com
edwin@smoothsailingrealty.com

Edwin Covarrubias On Sacramento Real Estate Investing-Buying & Selling First House

Everyone says buying your first house makes you feel like an adult. What no one mentions is that selling it turns you right back into a child. I think depending on when you sell summer 2005 or now 2011, this is very true?

What have been some of your experinces that reflect this statement?

Edwin Covarrubias

Edwin Covarrubias

Edwin Covarrubias
www.SmoothSailingRealty.com
edwin@smoothsailingrealty.com

Sacramento Real Estate Investing – Property Management

What do instincts mean in real estate investing?

When you are in business and you have a intuitive feeling inside you thats telling you something, please listen to it, especially in real estate. Investing in real estate can be a roller coaster ride and you have to have the knowledge, stamina and stomach for it in the up and down markets.  Always listen to your own instincts if you have analyzed all the information.  Don’t always look at what the situation is at the moment but look at what it will be later, and that my friends is what makes you a champion in real estate investing.

Champions have to have two things in any business, skill and will but they must have more will than skill to make there investment decisions succeed and to never quit.

Sincerely,

Edwin Covarrubias

Edwin Covarrubias

Edwin Covarrubias
Smooth Sailing Realty & Property Management, Inc

Sacramento Real Estate has 15-20% Returns For Investors!

This is not the Summer of June 2005, its 2010! And the only people who are investing in Sacramento are the seasoned and experienced investors with some first timers who done their homework.  This means, now is the time to be securing a real estate portfolio and holding it for a 5-7 year investment.

Prices at these levels make sense because they cash flow. Rents are stable and this allows them to be leased out quckly which in turn adds to the positive return annually.   Dont wait for the crowds like the ones in 2005 to make you feel it’s time to invest.  As I always said, buying the right property is one thing, managing it correctly can make it a succesfull investment or a loss.

Do yo think this is in Sacramento its the market is positioned for invesors to be in a buy/hold strategy?

Sincerely,

Edwin Covarrubias

Why Buy In Sacramento?

Now is a great time to buy in Sacramento, these prices are an investors bargain shopping real estate mall.     I have one rule that has helped me decide if an investment is really and investment over the years.     While there are may formulas to decide whether to buy or not, I wlays use the 1% rule to help me decide quickly if a property is worth spening time researching more in detail.     This means for every $100,000.00 you spend to buy a property, you need to receive at last 1% in rents to break even or have positve cash flow.
If you do the math and add up all the mothly expenses and compare that to the rent, you will quickly see how this works. For instance, if you buy a $100,000.00 house or duplex, you need to receive at least $1000.00 a month in rents to make profit of break even.  If you buy a $300,000.00 house or duplex, you need to receive $300,000.00 in rents.  As you can see, the second scenario is really not going to happen. Tell me where in Sacramento is someone paying 3k for rent, even if it was a duplex, where in Sacramento is someone paying $1,500.00 in rent per unit?

This is how in 2005 people got in trouble, they just bought anything and the rents could not pay off the mothly expense.     These are the simple things we make you think of when you are looking for an investment property.     Prices in Sacramento are allowing us to achieve this 1% Rule again.     This is why its the time to buy in Sacramento!
Sincerely,

Edwin Covarrubias
Smooth Sailing Realty & Property Management, Inc.
8795 Folsom Boulevard, Suite 100
Sacramento, CA 95826
Office:   916-387-0500
Cell:      510-378-9346
Fax:      916-387-0300
www.SmoothSailingRealty.com