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Featured in the Sac Bee! “The story behind renovation of two downtown Victorian homes converted from offices to apartments”

 

“The pair of houses at 608 10th Street were converted to office space in the 1970s, Kelly (property owner) said. Now, they have been renovated and reverted back to living spaces. There are eight new apartments in total.

The units are listed for rent at $1,995 per month by Raymond Management. The two bedroom, one bath apartments have tall ceilings, oversized windows that let in lots of natural light and spacious patios. They are within walking distance to Golden 1 Center and other entertainment and dining spots in downtown Sacramento.

‘You feel like you’re in the suburbs, in a way, because it feels so leafy and quiet, but your two blocks from downtown.’ …. We’ve gone from having four offices to eight apartments, and a place for people to live and stay and really create life. For me, life in the city has got to be with people who live in it. You can’t just have people coming to visit from other parts. They got to actually have a stake in the city.’  …

Scott Raymond, who specializes in property management in the area, said the fact that the house has been converted to housing units from an office use is unique.

“So is the quality and finishes of the interior upgrades,” said Raymond, who owns Raymond Management. “Yet, the developer paid very close attention to detail on maintaining the stunning Victorian architectural legacy.”

He said the property was never in much demand from office users. ”

 

Click below for full story!

https://www.sacbee.com/news/business/article215051150.html

Keeping a Keen Eye on Sacramento’s Real Estate Investment Scene

Sacramento’s feverish pace continues. The second quarter proved to be a success by most metrics. Positive rent growth, low vacancy rates, and improved unemployment rates.

519 T St. New construction managed by Raymond ManagementQ2 posted impressive Annual Rent Growth Rates (9.04%) & incredibly low vacancy rates (3.6%).  Sacramento “out performed” the North Bay & East Bay markets by both metrics.  The average apartment rent in Sacramento is $1,487, which represents a 8.8 increase from this time last year.

The unemployment rate in Sacramento dropped to 4.8% in June, which was a .2% improvement from Q1, and a healthy improvement from a year before at 5.4%.  The job growth outlook remains strong as approximately 13,000 new jobs were added since mid 2016.

Take a drive through Midtown / Downtown Sacramento and you’ll notice what appears to be a never-ending chain of new construction.  New mixed use projects, new parking structures, new SFR product, and the highly anticipated Downtown Commons (DOCO) area which includes the newly opened Sawyer Hotel.  Sacramento currently has over 2,400 units (residential) under construction. So far in 2017, over 300 units have been completed and introduced to the market with an additional 1000 units estimated to be completed by the end of the year.

As national rent rates begin to flatten out, Sacramento is in an interesting position.

Sacramento continues to draw massive media attention for Bay Area transplants, record level growth, new employment opportunities, and an undeniable sense that a new identity is being formed. The market’s appetite for quality product (either new or heavily remodeled) is strong. Tenants are excited & willing to pay for quality product, amenities, and expect great service.

Home  Become A Client  Find A Home

 

Read this article and others like it by visiting the Glas-Talk! blog here.

Prep Your House for Northern California Winter Weather

The holiday season has arrived, which means colder weather is on the horizon and could affect your home or investment property. We recommend conducting a thorough inspection before the temperature drops too low as part of your winter preparation. Most maintenance issues can be avoided if you properly winterize your house or investment property.

HGTV has a great article on how to get your home winter ready. Read it here.

 

Raymond Management, the Face of Sacramento Property Management

Our very own Scott and Dan are featured in October’s issue of Sacramento Magazine as the face of Sacramento Property Management, and we’re excited! Get your copy today and turn to page 129 to read more about our founder’s philosophy!

 

 

We’re in North Oak Park! Proudly announcing new rentals

We’re pleased to welcome the Broadway Triangle to our community of properties.
This is North Oak Park’s premier development and a great addition to the RM Family.

 

Located in The Broadway Triangle, this beautiful 2 bed, 2 bath, two story  apartment offers soaring ceilings and balcony.

Large windows allow amazing natural light in. Stainless steel appliances, quartz counter tops, custom steel upper cabinets and
custom steel railings are some of the features that lend a modern vibe to this living space. Vinyl, wood-simulated flooring in
living areas and carpet in bedrooms. Washer/Dryer in unit. Secured entry and one reserved, secured, parking space.

Walking distance to restaurants, urban plaza with outdoor seating and multiple retail spaces. Directly across the street from the
restored Guild Theater, popular Old Soul Cafe and iconic US Bank Building, and close proximity to UC Davis Medical Center,
McGeorge School of Law, Midtown Sacramento and freeway access.