As local Roseville property managers, we have seen a lot of ups and downs in the local rental market and the sales market, too. Things are always changing, and staying one step ahead of the coming trends allows us to serve our investor and landlord clients better.
When people talk to us about investing in Roseville real estate, we’re always enthusiastic to help them. That’s because this is a great market, and there’s a lot of investment opportunity.
If you’re thinking about buying a rental home in Roseville, Rocklin, Loomis, Lincoln, or Granite Bay, now is a good time to make your move. Today, we’re telling you why.
Investing in a Strong Local Economy
One excellent reason to invest in the Roseville rental market is the strength of the local economy. There has been a lot of news about large cities like San Francisco and Los Angeles losing money and people during and after the pandemic. In our part of California, we’re actually seeing quite a bit of growth. There are new industries coming into the area and a lot of small business creation. People like the quality of life they find here, whether they’re working from home or commuting to the office.
The opportunities for growth are continuing to present themselves. The employment rate is high and tends to remain strong, even during periods of statewide and national struggle. With steady job growth and a stable market, investors know that investing in rental property is safe.
Diversity in the Rental Market
Roseville isn’t a one-size-fits-all market. Investors can purchase single-family homes or multi-family properties. There are mid-size apartment buildings, condos, and new construction properties in gated developments. If you really want to diversify, we can help you find opportunities in commercial real estate.
Well-Qualified Roseville Tenants
Tenants come from every possible demographic in Roseville. You’ll find young people renting their first property, families looking for strong school districts, millennial tenants who are new to the area, and even retirees who are hoping to downsize. Most of our tenants have good jobs. They’re entrepreneurial. We have a lot of renters who work in the healthcare and tech fields. Everyone wants an attractive and well-maintained home to rent.
Stable and Rising Rental Rates
Rent control is now statewide in California, but there’s little to worry about when you’re investing in Roseville. You can still increase the rent once per year within the guidelines, and good tenants expect the increase at lease renewal time. If you’re buying a newer property, the new laws won’t even pertain to you.
In the last few years, rents have gone up pretty reliably. As we recover from the pandemic, we expect that rents will stabilize and again begin to rise. This puts investors in a strong position.
Investing in real estate brings you a number of financial and tax benefits. When you’re looking for a great place to buy your next investment property, consider talking to a Roseville property management team. We can help. Contact us at Action Properties.