Is being a landlord really that bad in expensive family based areas? We’re not talking about the ghetto here and for places which rent for 4k/month+ to families who have to come down with the security deposit, have a decent paying job, etc etc etc…It doesn’t seem like you will need to be as afraid as people make it out to be.
Again, I only see what is around me…but as my parents used to have some more bad area properties when we were growing up in the bay area where you CAN get shot, family oriented places around here is a cake walk.
I would guess most of these newer ish homes in Carmel Valley should have no trouble renting to high single or dual income families who just wants to live/work, etc.
As bad as it is to be a landlord, I’m guessing the +1-2k/month cash flow makes it relatively easy to live with some pain/work (I’m only talking about people who bought long ago or nearer to the bottom).
And yes, I’m only talking about certain areas and not everyplace since I certainly have no interest in renting in East or South SD myself.
