I’ve been renting my la costa oaks home for the past 5 years, 4 bed 4000 sq feet. First 2 tenants stayed 1 year at 4200. Most recent tenant year is going on 3 years at 4500 waiting for their kids to graduate before moving back to their home state. Never had a vacancy or late payment and conduct an annual inspection. Repair / replace any tenant concerns immediately. Give my realtor 6 percent on a new tenant and 3 percent of an extension, also agree if I sell (which I don’t plan to) he gets the listing. He does an excellent job screening tenants. Bought the house for 900k in 2010 now it’s approx 1.25. Worked my tail off in difficult conditions overseas to pay the house off and give me peace of mind that I own a home with a roof over our heads outside taxes and bills should I lose my job. Now thinking about buying an oceanfront lot and building in baja east cape for retirement as I don’t think I can afford to live in USA particularly health / long term care. Would love another property in San Diego but yields are tough and it’s difficult to get financing from overseas. I feel extremely fortunate for everything we have and hope the rental market can stay strong.
