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A blog about the economy and the Sacramento-area real estate market.

March 18, 2010
Large Influx of New Rental Investors Concerns Local Governments and Industry Professionals   


March 27 event seeks to educate potential investors of their property management responsibilities          


(Sacramento)- The ongoing foreclosure crisis in the Sacramento market has generated interest in real estate investors, especially those interested in becoming rental owners for the first time. Unfortunately, many underestimate the time, money and commitment required to be successful in the property management business.


The large number of foreclosures and new rental investors has sparked the interest of local government officials as well as the Rental Housing Association (RHA) of Sacramento Valley, the trade association representing owners and managers of over 80,000 rental housing units in the Sacramento region.


To address these concerns, RHA will host Sacramento's largest real estate investors conference for new and potential rental housing investors of single family homes and duplexes. The event will be held from 8:00 a.m. to 3:30 p.m., Saturday, march 27 at the Hilton Hotel located at 2200 Harvard Street in Sacramento.


"Investing in rental property can be a wise move, especially now," said RHA Senior Deputy Director Cory Koehler. "However, owners who fail to dedicate enough time and money to manage their property in a legal and ethical manner can cause problems for our neighborhoods and the entire industry."


The education event will provide owners with information they need to help improve their property management skills or allow them to choose a professional property management company. The program includes 13 education seminars, including topics such as buying rental property in today's market, complying with fair housing laws, understanding rental property maintenance and using effective screening methods.


"We find that rental owners who fail to live up to their responsibilities and cause problems for our neighborhoods often are the reason local governments create new laws or regulations. Hopefully, this education program will reduce those problems."   


For more information about the Rental Owners Expo, visit the RHA website at www.rha.org or calling the RHA office at (916) 920-1120. 



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