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Investing In California Property Management? This is Where You Should Invest

California isn’t always the first place that real estate investors think of when they’re looking to grow their portfolio of rental properties. Prices are high, and the perfect opportunity seems like it’s hard to find. It’s true that housing prices are higher in California than anywhere else. If you’re willing to invest for the purpose of watching your assets increase in value, however, this might be the best place to buy your next rental property.

Smart investors know that there are some outstanding opportunities in a few select areas of California. Today, we’re sharing some of the markets we think are ready for your investment dollars right now. When you’re looking for some west coast rental properties to increase the performance of your portfolio, think about San Jose, Santa Cruz, and Sacramento.

We’ll explain why.

San Jose Rental Properties are Hot

Silicon Valley starts in San Jose, and this is an excellent place to invest because of the large pool of well-employed tenants roaming the valley. Their salaries can easily support the cost of real estate and rising rents. While you’ll have to spend high six figures in order to enter the market, your investment will be well worth your time and your money. It’s a growing market with a surging population, and for many people – it’s the only place they’ll be. According to Zillow, median home values hover around a million dollars.

Don’t let that number worry you because home values have increased by more than 17 percent in the last year. We expect that they’ll increase by about 15 percent this year. Your real estate is going to earn you money fast, especially when you consider that San Jose is ranked in the top 10 percent of markets across the country in terms of appreciation of real property. Invest for the long term and you cannot go wrong with a San Jose rental property.

Santa Cruz Investment Homes

Santa Cruz has the most important part of your real estate equation: location. It’s hard to beat the coastal charm and the waterfront beauty that only Santa Cruz can provide. It’s a special place, and the people who live here know it. You’ll have access to a large pool of renters in Santa Cruz who are desperately looking for a well-maintained three-bedroom home with two bathrooms and maybe a bit of yard space. Inventory is notoriously low, so don’t hesitate when you find a great deal. Buy it, and let other peoples’ money work for you while the asset grows in value.

There are a couple of investment strategies that work in a market like Santa Cruz. You can buy something on the lower end of the local price range and turn it into a high-quality rental that you’ll be able to hold onto for at least 10 years to make a comfortable profit. Or, if you’ve considered living in Santa Cruz yourself, you could buy your future retirement home and rent it out until you’re ready to occupy it.

Rental Homes in Sacramento are in Demand

California’s capital is a unique and growing market for real estate investors. If you’re looking for some California property that doesn’t cost you a million dollars, check out what you can find in the new and established Sacramento neighborhoods that are attracting tenants and interest. This is a city that’s experiencing a bit of a renaissance. Tech companies and start-ups are moving into town, and tenants are enjoying the high-paying jobs that the local economy is finally providing. Great housing prices, high quality of life, and a promising future all make Sacramento a great investment option.

You’ll see some rising sales prices, but don’t worry – home values are climbing even faster. There’s a bit of urgency to investing here. Make sure you identify what you want and claim it before everyone else arrives. We recommend you look at new construction. Single-family homes and multi-family buildings offer some of the best opportunities for new and experienced investors.

Choosing a Property Management Company for your Investment

Choosing a Property Management Company for your InvestmentOnce you decide you’re going to invest in California, you’ll need a professional Sacramento property management company to help you. Find good managers with a deep knowledge of the local market, a lot of experience, and some creative resources for helping your investments grow in value.

We’d love to talk to investors interested in buying real estate in Sacramento. We invite you to contact us at Sunburst Properties.

Buyers who are interested in finding investment property in San Jose, please contact the talented team at Real Estate Connections, where we provide the best San Jose property management that you’ll find in the local area.

And, if you’re interested in Santa Cruz property management and investment homes, please contact Portola Property Management, where you’ll receive unparalleled service.

Madeline has been working in the Real Estate Industry since 1976 and joined the Sunburst Properties team in 1987. She enjoys interacting with owners, vendors and tenants. She says that it’s very fulfilling to find a tenant a place to come home.

After Hours: She loves her big Italian family, and carrying on her Italian Heritage of cooking the secret family recipes. She is a huge animal lover and enjoys walks with her rescued pug and papillon.

CA DRE License #00935790

Ingrid started her real estate career in 2004. Within a few years, she found herself intrigued by the fast-paced environment of the property management sector and since then, she has been emphasizing mainly on property management.

To this day, she stays true to the values, structure, professionalism and competitive drive she developed working for larger real estate companies, while fulfilling her desire to assist the fellow residents of a community she is deeply devoted to and providing the absolute best for her clients.

She is currently a full time Property Manager and Realtor at Sunburst Properties. She is also a Licensed Associate Broker and a member of the National Association of Realtors, California Association of Realtors and the Placer County Association of Realtors.

After Hours: She is a member and volunteer for the Center Booster Club. In her personal time, she participates in two annual dance shows with The Dance Gallery 2 in Roseville.

CA DRE License #01467954

Mike grew up in real estate and property management and learned at the age of 10 how to take a maintenance call. Mike has over 20 years’ professional experience in all facets of real estate and property management.

He is currently the CEO of NextGen Property Ventures, Inc. a property management and real estate investment venture with offices in Roseville, Los Gatos, and Santa Cruz, California. Mike sits on the boards of Fourandhalf, an internet marketing company specializing in property management and of HappyCo, a mobile application for property inspections. Mike is a sought after industry speaker on the topics of property management firm acquisitions, real estate investments, and real estate marketing best practices. He is a member of NAR (National Association of Realtors) and CAR (California Association of Realtors), and NAPRM (National Association of Residential Property Managers).

After Hours: Mike is married with 2 children and in his “free time”, he enjoys golf, coaching his kids’ sports teams, and relaxing with his family.

Broker of Record CA DRE License #01824514

Before You Apply:

Attend a showing before completing an application. You’ll receive instructions on how to move forward when you see the property.

$35 application fee per adult. This is non-refundable.

We look for the best qualified applicants. Approval is based on factors that include but are not limited to:

– Credit history
– Verifiable rental history
– Income documentation

We do not follow a first-come, first-served selection process.

Let us know how we can help you make the application process smooth and simple. We’re here to help.

Will Our Home Be Maintained?

Sunburst has established relationships with the area’s best certified contractors and vendors. If something needs to be fixed, we know the people to do the best job.

What About Rental Laws?

Sunburst keeps abreast of the continuing changes in the real estate laws: rent control, tenant eviction, hazardous material, the new lock law, etc..

What is Sunburst's Property Leasing Service?

Sunburst handles the advertisement of the property, the screening process for potential tenants, as well as tenant occupancy procedures. Once the property is rented and the lease is signed, we turn the management back over to the owner.

What are Sunburst's Monthly Management Services?

Sunburst doesn’t just stop when the property is leased! This is full service property management. We handle the leasing, maintenance, record keeping, and overall property upkeep. We go the extra mile and provide regular management and upkeep.

How does Sunburst send me my funds once the tenant pays rent?

Sunburst will send you funds directly into your bank account via Automated Clearing House (ACH). We will also email you a statement showing all the activity on your account. You are also able to log into your account from our website.

Where do you advertise my home for rent?

Sunburst will advertise your home on Zillow, Trulia, and Hotpads. We also have about a dozen other websites that your home will be posted

What if the tenant doesn’t pay rent?

Sunburst qualifies and approves a tenant, and it’s very rare to get to this point. However, if it does get to this point, Sunburst will follow through to the end. The first step will be to contact the tenant to make them aware we do not have the rent just in case it was an oversight on their part. We will also deliver a 3-day notice “To Pay or Quit”. If we are still unsuccessful, we will discuss further legal options with the owner of the property.

When is rent due?

Rent is due on the first and there is a 5 day grace period until the 5th by 5pm. If your rent is not received in our office by 5:00pm on the 5th day of the month then your account will automatically be charged a late fee of 10% or depending on the terms of your lease. This late fee amount is due with your rent payment.

How do I pay rent?

Cash is NOT ACCEPTED, for security reasons.

ACTIVATE YOUR ONLINE PORTAL! You should have received an email to setup and activate your online portal, please remember to check your junk/spam mail folder if you have not received it. You can also Email us at info@sunburstpropertiesca.com to request access. Please include your name in the email. We will email or text you with a login to your own secure tenant portal.You will create a password and can start paying right away:

    • eCheck (Free) / Credit Card (Convenience Fee) – You can login to our website sunburstpropertiesca.com and click on RESIDENT LOGIN and pay online as well as view your account balance.
    • You can mail/drop off your rent in to our office and put your address/unit # on the memo of your money order or check. There is a dropbox near our front door for after hours.
    • Electronic Cash Payments – We can provide you a reusable payslip you take to 7-Eleven or Ace Cash Express to pay rent in cash. Pay up to $1,500 in cash for a $3.99 transaction fee.

How do I submit a maintenance request?

You can submit a work order by going through the Tenant Portal. Or you may call 916-788-4404. For any PROPERTY THREATENING EMERGENCIES, please call the office. If there is a problem, which was caused by you or your guests, such as an inappropriate item flushed down the toilet, you will be charged for the repair.

What is considered an emergency?

An emergency is defined as a maintenance problem that will cause a safety hazard to residents, or an imminent damage to property, so that fixing it cannot wait until the next business day. A few examples would be an overflowing toilet, a broken pipe, or sudden electrical short. If there is a gas leak, call the gas company in your area first, and if there is a power outage, call the electric company in your area first to see if there is a general power outage in the area.

How do I add an additional person to the lease?

You should contact the office and the new occupant will need to fill out an application and send in 2 forms of ID and their most recent month of pay stubs once approved then they will be added to the lease. There will be an application of $35 per adult.

How do I give a 30-day notice?

The 30-day notice must be hand delivered, emailed, or mailed. If emailed, you must receive a confirmation from our office for is to be valid. If you do not hear from us please contact our office to confirm receipt. If mailed, it is effective the date received in our office.

I want to break my lease, what do I do?

Your first step is to inform the office; we’ll start advertising your unit to try to get a suitable replacement. We will sent written instructions (add attachment) Once we find a tenant you will be responsible for the rent of the unit until the date the new tenant moves in and for the entire lease fee incurred for the rental of the unit.

I want to change the paint in my unit and make other changes, can I do this?

As part of the lease agreement, renovations made by a tenant are only permissible with written approval by Sunburst. This rule against renovation without permission applies to all renovations, including changing your carpeting or other flooring, installation of built in appliances, etc. Please do not affix a satellite dish or other antenna to the roof, without acquiring permission first, as you will be charged for any damages to the roofing.

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