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Rentals in Folsom : Real Estate Advice

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Activity 6
Sun Apr 7, 2013
Steve Heard answered:
Hi Bryan - I would suggest you contact a management company such as www.homerunrentals.com.

They know rents are going for.

It is my believe that you get about $1 to $1.10 per square foot up to about 1500 sq ft or so, with it dropping slightly as the homes get bigger.

How much you get will depend on things such as condition, location and amenities, but know that rentals are moving quickly right now.

Do you have a place you will be renting out or are you looking for a rental to purchase?
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Thu Aug 15, 2013
Gabe Davidson answered:
What you are posting here goes to Real Estate Agents, not Trulia so Im not sure why you are being blocked. Try contacting Trulia tech support maybe.

Gabe Davidson
www.sacshort.com
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Wed Jul 4, 2012
Sally Grenier answered:
I don't believe Trulia rents properties, they just list them. Therefore, I kinda doubt they're going to charge you an application fee...You'll have to discuss that with the landlord.
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Tue May 29, 2012
Ed Favinger answered:
Hi there Sunrunner...

I don't know your price point and I know it's hard to find something in Folsom for rent.

We have one for rent now at 725 Bluestone here in town.

Here's the link to it....

http://www.postlets.com/rts/5488705

You might do a google search for Property Managers in Folsom... get on Craigslist... here in Trulia they have rentals, check out Zillow.com, padmapper.com, hotpads.com

I hope this helps...

In the mean time make it a great day...
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Mon Feb 27, 2012
Margie Casey answered:
Dear Jeff,

I always recommend to our buyers joining Angie's List. You can read detailed consumer reviews and quickly find the best contractors, including landscapers. It costs about $20 a year to join if you catch a discount code online. I've seen discounted memberships on Groupon too. Hope that helps.

Good luck,
Margie Casey
Founder

p.s. If this helps, a thumbs up is always appreciated.
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Tue Mar 8, 2011
Mati Rosa Morphis answered:
Folsom has many various areas and some great deals. Two of my Investors have purchased in Folsom - their strategy was to purchase 3+/2+ at least 1800 square feet and 10 years or newer. They did put enough money down to make it cash flow with the loans options available to them. Understanding 'your' Loan Options are a critical step for all purchases. For example - there is Self-Directed IRA with loan option most people don't know anything about, but the wealthy have been using since 1974.
My clients are very familiar with Folsom and know it has maintained it's value fairly well compared to other communities. Roseville and El Dorado Hills are two other areas my Investors like - but they buy a little higher than normal Investor and also intend to get a higher return on their investments in the future. That being said every Investor has a different strategy and set of numbers that has to make sense for 'them'.
For all your specific questions you listed, your best source of data will come from a great Property Management Company. For additional fees - I would add property management fees about 8% of the monthly rent . Get their professional opinion on the rental market and expectations. Renters have many rights, I HIGHLY recommend using a great property management company! For the purchase - It's easy to get an estimated Net Sheet to see what your costs will be from a title company.
With all good plans you want to include an "Exit Strategy" - understand all your risks and how to mitigate them. Best thing is to get educated by professionals who can meet 'YOUR' requirements.
It's a great time to buy! Yes the market may still go down or it could start going back up - no doubt change will happen, but don't let it paralyze you! Hope that helps - feel free to contact me to discuss further.
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