Investing in challenged area takes discipline. You have to never be in a hurry and not feel sorry for everyone who tells you a story why something went wrong.

What I mean by this is, if your going to buy and manage in some challenged areas in Sacramento like Oak Park, Del Paso Heights, Meadowview and North Highlands, then make sure you act professional by being firm and friendly. If rents are due on the 5th, then hold those lease’s under that criteria. If the residents pay late, impose a late fee and if they are not communicating and are late, issue a 3 Day Notice. I cant tell you how many times owners come to me for help asking to take over there rental. Most the times it’s because they have lost management control over the units. Some have not paid rent in over a month and yet the owner has done no legal action. That’s like watching a customer walk out the store without paying and they say “I’ll be back to pay later”.

If your going to manage then manage right or have a professional do it for you, that’s why they are called professionals. Make sure you understand their company policies and protocols, ask lots of questions and make sure they really want your business.

Sincerely,
Edwin Covarrubias
Smooth Sailing Realty & Property Management, Inc
www.SmoothSailingRealty.com
916-387-0500

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.

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

www.SmoothSailingRealty.com

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

Sincerely,
Edwin Covarrubias
Smooth Sailing Realty & Property Management, Inc.
8795 Folsom Blvd, Suite 100
Sacramento, CA 95826
Office:                916-387-0500
Cell:                     510-378-9346
Fax:           916-387-0300
Email:         edwin@smoothsailingrealty.com
Website:     www.SmoothSailingRealty.com
LinkedIn:     http://www.linkedin.com/pub/edwicovarrubias/6/468/46b
Blog:         http://edwinc.featuredblog.com/?cat=8
License #01848612

Is the real estate investment Sacramento market a “Flippers Market” or is it a “Buy & Hold Market” ,whats your opinion and strategy to succeed in this market?

Sincerely,

Edwin Covarrubias

edwin@smoothsailingrealty.com

www.SmoothSailingRealty.com

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?

Sincerely,

Edwin Covarrubias

edwin@smoothsailingrealty.com

www.SmoothSailingRealty.com

So investors, do you think by thinking outside the box in real estate investing it’s made you a unique team and successful?

Lets hear your stories and ideas.

Edwin Covarrubias

edwin@smoothsailingrealty.com

www.SmoothSaillingRealty.com

As an investor we can never time the market perfectly to get in at the low end, unless you have a magic ball or truly believe in what all the real estate gurus predict.     But one thing you can do is decide when it’s comfortable enough for yourself to invest.       If the numbers make sense, then tune out the negative media noise and invest.

Fear is what drives the market but if you crunch the numbers and your positive cash flow and it makes sense than what are you waiting for, start acquiring.     As long as you follow proper investing fundamentals and position yourself with known risk tolerance.

As I said before, picking the right property is one thing, managing is another and where things can go wrong and break you financially!

Edwin Covarrubias

edwin@smothsailingrealty.com

www.SmoothSailingRealty.com

Investing in Sacramento Real Estate looks better each day.

œThe investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage.     A down market in Sacramento is a good thing for investors, buy now not later!

Real estate has always been a long-term investment period.   There are some who can flip a house quickly but the margins a small and these people have well-developed teams.   Some who flip a house spend so much time, they could have bought and rented it out and received income.     Others buy and make mistakes that increase their costs.

Don™t take this approach, invest to hold, get income now and sale later.     For the average investor or first timer you need to take a different approach.   When the real estate market bounces back, you want to be in a holding position by then, before the crowds come.   Just like in the stark market, buy low and sale high, well those fundamentals pertain her also.  Take your time and get to know the area and crunch the numbers to make sure you know what your income and profit will be, the numbers don™t lie.

www.SmoothSailingRealty.com

edwin@smoothsailingrealty.com

.

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
Smooth Sailing Realty & Property Management, Inc

What are you biggest complaints with a Real Estate Property Management Company?

How about to start:
1.     Not ansering or returning calls in a timely manner.
2.     Monthy charges on your statement you unaware of.
3.     Not having a say in who moves in your place.

Please comment?

www.SmoothSailingRealty.com

edwin@smoothsailingrealty.com