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Loffman Property Management continues to be recognized as one of the best property management companies in Roseville.

Best Roseville Property Management Companies

Loffman Property Management continues to win awards in 2020. First, we won the Best of Rocklin for 2020 - the seventh year in a row. Then, Build Magazine awarded us the Best Property Management Company in the Sacramento Area, and the Best Woman-Run Property Management Agency in Northern California. Hard work, dedication and attention to detail and care for our owners and renters is crucial to our efforts. Also, we may be the easiest property management company in the area to get in touch with and respond to questions and concerns. We have also worked hard to improve our response time to maintenance requests. Debbie does everything possible to treat our owners and tenants as family.

We are proud to announce that we have won Best of Rocklin again this year. We are also in their Business Hall of Fame for the second year. Hard work and dedication to our owners and renters is our mission.

Loffman Property Management has won the Best of Rocklin award since 2014. We have just won this again for 2019, our sixth year in a row. In addition, we have just won the Best Property Management Company in the greater Sacramento Area by Build Magazine. We are not the biggest property management company in the area, but we work very hard to be the best. The photo below shows Debbie with our new awards.

In early September (2018) the California legislature passed AB 1482. This legislation was opposed by the California Association of Realtors (C.A.R.). The National Association of Realtors (N.A.R.) has a whitepaper on rent control and if you are interested it would be worth the effort to look this up and read their position. The new bill should be signed into law in October and it will effect both renters and property owners alike. There isn’t sufficient room here to go over the details of the new law, but if you are a renter or property owner you should read the bill and know what it covers. It does exempt most single family homes (the majority of properties that we manage), but there are some exceptions.

Today the Federal Reserve lowered interest rates by 1/4 percent. Many had hoped it would lower rates by 1/2%, but the Fed tends to be cautious when it either raises or lowers rates. Typically, it moves in 1/4% moves. This should lower interest rates on adjustable rate mortgages and improves affordability for real estate loans in general. Real estate prices and rental rates continue to be in an uptrend. However, real estate prices have slowed their upward trend this year. Some observers have been concerned about the possibility of  falling prices. So far, however,  this hasn’t happened. The latest Fed move should help to prop up the market. Unfortunately, construction of new homes isn’t keeping up with demand and the rental market continues to be “tight”. This situation continues to put upward pressure on rental rates, and there doesn’t appear to be any relief in sight.

Toward the end of last year investors in both the bond and stock markets experienced a period of anxiety as it appeared as if the Federal Reserve would be in an aggressive mood to continue to raise interest rates. The stock market had a particularly difficult December. Then, statements from the Federal Reserve began to become more “dovish”, that is, it appeared as if the Feds would not be making several interest rate hikes in 2019, but were becoming more “data dependent”. In other words, the pressure came off the markets, stocks rallied, and interest rates for mortgages began to fall. Currently rates for 30yr mortgages are in the low 4’s:  4.25 to 4.5 range is common. Stocks of home builders have been rising along with the broad stock market, and there is increasing optimism that 2019 will be a good year for real estate. The rental market continues to be “tight” and rental rates have been rising, along with home prices. The easiest way to track the path of mortgage interest rates is to watch the price of the 10yr treasury notes, easily obtained on the major financial web sites. The 10yr treasury note futures contract reflects the opposite trend of interest rates. When the 10yr contracts are rising interest rates are falling, and when the contracts are falling, interest rates as rising. The 10yr (TY) hit a low on 10/5/18 and took another dip on 11/8. Since then, however, the TY contracts have been rising and mortgage interest rates falling, reaching a low on 1/4/19. Since then rates have been generally drifting sideways, indicating some stability in the interest rate market. Hopefully, this stability will continue through the year.

Loffman Property Management has just won the Best of Rocklin for the 5th consecutive year! Starting last year we were honored to be in the Rocklin Business Hall of Fame.

Today (10/4/18) the stock market took a big hit and most analysts said it was because the yield on the 10yr treasury notes was on the rise. Yields almost hit 3.2%. The 10yr is seen as a reliable guide for a broad measure of interest rates, and in particular, rates that effect mortgage lending. Two years ago the 10yr yielded 1.727% and the low was reached in July of 2016 at 1.321%. A year ago the yield was 2.368%. So, interest rates have been rising as the Federal Reserve has been gradually raising rates in an attempt to “cool” an economy that is growing at over 4% on an annual basis. When the economy was perceived to be weak, the Feds kept rates low, and some argued too low. Now, rates are moving in the opposite direction. As rates rise, the cost of borrowing goes up, making mortgages less affordable. And, rates on adjustable mortgages also rise, as they are pegged to various interest rate indexes. While this effects the real estate market, this trend may also effect the rental market. If some people are priced out of the mortgage market, they might decide to rent. So, this environment might put additional pressure on the rental market and cause rents to rise. It’s still about supply and demand.