If you have a property and are considering making it a rental this year, here’s a bit of good news: in spite of the pandemic and economic fluctuations, owning a rental property is still a wise investment! According to a recent forecast, California continues to be a hot housing market, especially in Sacramento county and the surrounding areas. The prevalence of COVID19 and the new variants continue to drive more people into homes and suburban communities, so if you have an investment property that’s available to rent, this means you’re well positioned to capitalize on this housing trend. 

So how can you ensure that you are making the most of your investment property? By hiring a team of experts – like Ferguson Property Management – to help you manage your investment.

Top 3 Benefits Of A Property Management For Your Investment Property

In-Depth Understanding of New Housing Laws 

If you’re considering an investment property, it’s important to have an understanding of how various laws will affect your investment. Luckily, our team is always up-to-date on new housing laws. Here’s a quick overview of the 2021 california housing laws that went into effect 1/1/21: 

• Prop 19 goes into effect this year, which means some changes to California’s laws around property transfers. Starting in February, those who inherit property have to use it as their primary residence or have its tax value reassessed. Starting in April, California homeowners who are 55 or older can get a property tax break when moving into a new home. This law blends the taxable value of the old home with that of the new, more expensive home. 
• Homeowners in high fire hazard areas must create a 5’ “ember resistant zone” around their home and outdoor decks. More guidelines from state officials will be phased in over the next 2 years. 
• Foreclosed homes can’t be bundled together for sale to a single buyer, and tenant or other housing advocacy groups will have 45 days to offer a higher price. Major provisions of this new law are set to expire in 2026. 

In addition to managing your property in compliance with current housing laws, our team’s extensive knowledge of landlord/tenant laws and our completely transparent process will give both you and your tenant(s) peace of mind. 

Investment Guarantees 

Investments don’t often come with guarantees, but with our property management we include several! Our no eviction guarantee means that if a tenant that we placed needs to be evicted due to non-payment of rent, we will pay for the eviction up to $1,200 (which usually covers all court costs and attorney’s fees!) We’ll also guarantee that your home will not be damaged by a pet we approve, and any pet damage that exceeds the security deposit will be covered by us (up to $1,000!)

Most importantly, we guarantee complete transparency when it comes to rent, expenses, maintenance and more regarding your investment property. 

Stress-Free Investing 

If we could sum up the first two benefits into this last point, it would be that we provide stress-free investing. Not only will we provide professional guidance to you when it comes to preparing and pricing your property for maximum results, but we also promise that our process is transparent every step of the way. That means you’ll never experience any hidden fees or extra costs, and you won’t owe us anything until your property rents. It also means that we handle everything for you – from finding and working with your tenants, to handling any necessary maintenance or repairs, and beyond. All you have to do is relax, and enjoy having your funds automatically deposited into your bank accounts! 
If you have any questions about managing your investment property, or if you’re ready to enjoy stress-free management, contact us!