My observations are from looking in the Pacific Beach area. There area lot of foreigners who come here before the summer. Many will stuff 4 people in a 2 bedroom place and split the rents. These same 2 bedrroms that will become available in October and November. I spoke with leasing agents at the Avalon and Bay Pointe who both confirmed that this is the cycle.
Knowing this was extremely helpful as almost every property manager or owner told me that they “couldn’t believe how many calls they had recieved.” Rubbish. These same places continued to be listed for several months after all these supposed calls came in.
So if you are a renter in this area, you have some bargaining power during this time of year. The 2 places that we were interested in renting required no bargaining because we were renting directly form the owners, they only wanted very reliable tennants(which qualifies my family) and they were priced right.
The owners I am renting from bought there place many years ago, have virtually no taxes because of the low purchase price they paid and will net a nice monthly profit now that there palce is paid for.
