As I mentioned the other day, I’ve been working on a new database for residential income properties, so I can offer you the ability to browse such properties.

Here then is the revised Sacramento Investments Properties home page, which has plenty of links to the listing pages.  As good a starting point as any for that is the list of all multi-unit properties for Sacramento, El Dorado, and Placer County.  From there you can click the links on top to drill down by county or by the number of units available.

I realize that a better approach to this data would be to display financial information and let you sort by things like income, expenses, Cap Rate, or the like.  I would have loved to have provided this, but unfortunately many of my colleagues feel they have better things to do than to list their properties correctly.  36% of the 856 listings in the database so far include no gross income information, and 813 of these listings ( 95% !!!) contain no information about Total Operating Expenses.

Oh, I’m sorry, am I not supposed to make “unsolicited comments” about other practitioners because I’m a Realtor®?  Be that as it may, having a 5% success rate entering data into a field that’s essential for a buyer to make an informed decision about a property is pretty darned pathetic.  Don’t you think anyone’s looking?  Do you really need the other agent to call and ask you that badly?  What, are you lonely, is that it?

For investors who haven’t yet selected one of these underachievers, if you want your multi-unit property listed right, call me at (530) 672-9160.  We’ll go over what information needs to be in the MLS to help you get your property sold, and I’ll personally review the listing to make sure it’s entered correctly, and send you a copy so you can double check it as well.

Working.  What a concept.

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