Sacramento, CA: City of Trees
With 524,943 residents, Sacramento is the sixth-most populous city in California. It also serves as the state capital and as the seat of Sacramento County. As a major center of politics, finance, and education in California, Sacramento is a fast-growing city. Colleges and universities located here include California State University, Sacramento, the University of California, Davis, and Sacramento City College.
Sacramento also boasts a vibrant arts and culture scene. Museums in the city include the California State Capitol Museum, the Crocker Art Museum, and the California Museum. Several performing arts companies also reside here, such as the Sacramento Opera, the Sacramento Philharmonic Orchestra, and the Sacramento Ballet.
As for sports, one major sports team calls Sacramento home — the Sacramento Kings of the NBA. Other attractions include the California State Railroad Museum, Old Sacramento State Historic Park, Sutter’s Fort State Historic Park, the Sacramento Zoo, the Old Sacramento Waterfront, the Stanford Mansion, and Folsom Lake.
What Is Sacramento’s Rental Market Like?
Sacramento attracts many property investors for several reasons. For one, real estate in this city is on the expensive side. The median listing price for a home in Sacramento is $449,000, which is way above the national median. For this reason, 51.5% of the city’s population are renters.
Image via towncharts.com
In addition to a large pool of potential tenants, Sacramento’s rental market is also appealing to landlords because of its high rental rates. The average rent for an apartment in this city is $1,709, which represents a 15% year-over-year change. In fact, rent in this California city has been steadily increasing since 2011. There are also more apartments that command a rate above $1,500.
Image via rentcafe.com
As for vacancy rates, Sacramento does not disappoint. In 2019, the vacancy rate in this city was 2.76%, whereas the national vacancy rate was 5.97%. While California is not the most landlord-friendly state, other qualities of its rental market certainly make up for it.
Why Go With a Sacramento Property Management Company?
Landlords must balance a mountain of work to ensure their rental property operates smoothly. Typically, though, landlords have insufficient time or expertise to manage their rentals smoothly. Others simply aren’t interested in rental management or live far from their rentals.
Enter a Sacramento rental management company. With professional assistance, landlords in Sacramento can breathe a sigh of relief knowing all their management needs will be met. While no two companies offer the exact same services, you can generally expect a rental management company to do the following for you:
- Advertise your listing
- Screen and process tenants
- Oversee property showings
- Set and collect rent
- Create a lease agreement
- Perform move-in, move-out, and routine inspections
- Enforce your lease terms
- Manage maintenance and repairs
- Respond to tenant complaints
- Manage your budget
- Help with tax calculations
- File evictions
Looking for Property Management in Sacramento?
It is not easy to find a rental management company in Sacramento that fits your unique needs and price point. You also need to conduct a thorough vetting process to ensure you choose a reliable one. With Rental Choice’s online directory, though, you can browse through the available companies in your area. From there, you can use the contact details we provide to get in touch with your prospects.