[quote=henrysd]The biggest problem to Temecula/Murrieta is lack of good quality tenants. House price are dirt cheap there, so those with good credit and stable income have bought their own homes. This leave predominantely junk quality tenants on the market. Investing in Temecula rental house is similar to investing in junk bond – high yield and also high default rate.[/quote]
Henry do you own a rental here? My immediate family has a number of them and has had them here going back about ten years. The sun city rental, the san jacinto rental, your description is accurate. The Temecula and Murrieta rentals, we’ve found the opposite to be true. But those places are further in distance than La Jolla is to El Cajon. In certain zip codes, the tennant quality is equal to better than many Sd cities, but then again I have no idea where your rentals in Temecula are.
The crappier the rental neighborhood, the crappier the tennants. When I was renting and waiting out the market, I was picky about renting. I rented in that first complex I linked. Eventually a family member bought a rental in there and it has been the best one. In the years I was there, nothing was “for rent” for more than a few days. Like everything, you need to do your research.
