If the property is out of state, then I’d look into the tenant right laws. California is probably the worst case scenario for landlords. States like AZ are probably more landlord friendly. So all these concerns about tenants not paying you might be overblown for your respective locale where your property is. Even in CA, it’s not really a free for all. At some point these people still have to pay you back… Besides, in CA, it’s not just the temporary moratorium that one needs to worry about. It’s also about all the other crazy laws they are trying to pass, like the ones sponsored by two SF assemblyman that wants to cut rent 25% across the board in CA. AB-828. https://californiaglobe.com/section-2/bill-to-reduce-california-rents-by-25-using-coronavirus-crisis-as-opportunity-to-erode-property-rights/
Most ridiculous thing ever.
Sadly, I know one of the guys sponsoring the bill. We went to same grade school. Phuck you Phil.
With Craiglist, you can play around with the price. Sometimes dropping the price by $100/month is the difference between getting +- 10 extra interests who contact you.
Zillow is trickier because you have to actually enter more details about the property and address but it’s also more reliable as far as getting real tenants… (Craiglist has been getting more to be the wild wild west).. There’s a way, however you can list a rental without providing an actually street number, only a street name. So that way, you can create a burner account to test the waters…. I do this all the time and price the actual rental appropriately based on the amount of response and quality of the responses.
92130 is what an area where I think a majority of the landlords are “accidental landlords”… They bought a house, outgrew it, and rather than selling it and buying real investment properties, they rent it out. Partly to gamble on the appreciation in 92130 and partly because they have more money than know what to do with it… The issue is that the tenant pool in 92130 tend to also be wealthier, so they typically don’t stay as long in the rentals as elsewhere, from what I can tell. So a lot more homes to choose from. Though many stay vacant because again, i guess the owners can hold on to them that way.
