Property Advantage Blog Your complete resource for leasing and managing property in Southern California. California is known for hot real estate markets, and San Diego is no exception. An average household income of $103,165 is needed to afford just a median-priced home in the area, with San Diego listed as one of the 10 hottest markets in 2016. […]
Property Advantage Blog Your complete resource for leasing and managing property in Southern California. San Diego is a boomtown for the adventurous property owner. The San Diego Union Tribune, the premier newspaper in San Diego has marked an inexorable rise in rents. It noted in 2014 that rents increased from $1,242 to $1,542 from 2004 to 2014, a remarkable 24 percent increase. Additionally, it predicted that average rent would rise to $1,830 a month by 2019. In 2016, the average rent was $1,618 a month. Currently, it is averaging around $1,743 a month for a one bedroom. […]
Property Advantage Blog Your complete resource for leasing and managing property in Southern California. The San Diego rental market is hot, and it’s easy to see why property owners are investing in the greater San Diego area, but what sets each area apart? Del Mar is a community of almost 2 square miles on the Pacific coast it was named for (Del Mar is Spanish for ‘by the sea’.) Consisting of a little over 4,000 people, the area has a higher average income and lower crime rate than many nearby areas. […]
Property Advantage Blog Your complete resource for leasing and managing property in Southern California. The San Diego housing and rental market is exploding. Just six months ago, it was reported that the average rent in San Diego hit $1,743 a month, an increase of 8.4 percent. Furthermore, the vacancy rate dropped another 2.17 percent, to the lowest rate in five years. In short, San Diego is a booming market with huge opportunities for real estate investors and property owners who act quickly. […]
Property Advantage Blog Your complete resource for leasing and managing property in Southern California.
Property Advantage BlogYour complete resource for leasing and managing property in Southern California. You did it. You finally took the plunge and purchased a rental property. You probably carefully crafted a management and investment plan to ensure that your property secures a resident and starts generating passive income within a few months. […]
Property Advantage Blog Your complete resource for leasing and managing property in Southern California. California is known for hot real estate markets, and San Diego is no exception. An average household income of $103,165 is needed to afford just a median-priced home in the area, with San Diego listed as one of the 10 hottest markets in 2016. […]
Property Advantage Blog Your complete resource for leasing and managing property in Southern California. Investing into and building a real estate portfolio is still the safest and most reliable method to establish durable wealth for you and future generations. But, real estate is also one of the hardest assets to invest in. There are expensive upfront costs, arcane rules, and high risk of failure. However, with the right preparation, you can work through those first few hurdles and take the first step into a new life by buying a rental property. To help you along your journey, here are five tips to get you started: […]
Property Advantage Blog Your complete resource for leasing and managing property in Southern California. Purchasing a property and leasing it out to residents can offer a healthy stream of income. However, regardless of your type of property — multi-unit or single-family, residential or commercial — headaches and hassles are inevitable. Hard work and patience go into finding the right residents and maintaining your property. […]
Property Advantage Blog Your complete resource for leasing and managing property in Southern California. It is an age-old question that confronts many homeowners: Should you lease your real estate property for long-term security and a steady income, or sell it for a quick payout and secure a down payment for your next single-family home? The answer is as complicated and multi-faceted as the question. […]