Investment property…Coastal vs. Escondido

[bearishgurl]

[quote=SD Realtor]My advice would be to seek advice from those who actually are investment property owners. That would be rule 1.

I manage my two SD rentals, one is a condo and the other is a small home and have a couple sfrs out of state. The smaller the home the easier it is to manage. Once you start renting out something that involves families with kids you will experience more repair work. I think for a first timer I would stick with a small condo or two if you can but go with what works for you. Also my advice would be to try to take advantage of the current cheap financing as well I wouldn’t discount what clearfund wrote as well. It is a different avenue but the end goal is the same for all of us.[/quote]

SDR, is either your condo or house in SD currently rented to families with child(ren)? Have you ever rented them to families with children?

When I had my rentals, I only got applications from families (usually active-duty military). I would think renting to separate single roommates (who have a tendency to “skip the lease” on each other) or party-animal singles would be a PITA and your damage to the unit would be greater upon move out than with families. Older singles/couples and senior citizens would be preferable.

[sdrealtor]

Renting to professional families is alot less problematic. The challenge is the houses professional families want to rent dont pencil out to buy are rentals in SD. In SD, the sfr’s that pencil out tend to be in rougher areas and you are prone to rougher tenants.

[sdrealtor]

Renting to professional families is alot less problematic. The challenge is the houses professional families want to rent dont pencil out to buy are rentals in SD. In SD, the sfr’s that pencil out tend to be in rougher areas and you are prone to rougher tenants.

[sdrealtor]

Renting to professional families is alot less problematic. The challenge is the houses professional families want to rent dont pencil out to buy are rentals in SD. In SD, the sfr’s that pencil out tend to be in rougher areas and you are prone to rougher tenants.

[sdrealtor]

Renting to professional families is alot less problematic. The challenge is the houses professional families want to rent dont pencil out to buy are rentals in SD. In SD, the sfr’s that pencil out tend to be in rougher areas and you are prone to rougher tenants.

[sdrealtor]

Renting to professional families is alot less problematic. The challenge is the houses professional families want to rent dont pencil out to buy are rentals in SD. In SD, the sfr’s that pencil out tend to be in rougher areas and you are prone to rougher tenants.

[CA renter]

[quote=sdsurfer]Much appreciated and I was thinking along those lines myself. Since I’m not expecting a lot of appreciation right away that would lead to inland being better short term, but then the coastal stuff would have a better long term benefit because they are making anymore land by the beach and when the appreciation kicks in, which I know it will eventually, I’d be glad I went coastal. I’m also on the fence regarding self management if it was coastal and if I went esco I would definitely get a management company.

Do you mind me asking what you would do?[/quote].

FWIW, during most up cycles — and especially this last bubble — the lower-end properties not only had better cash flow, they appreciated far, far more, on a percentage basis.

I would invest in cheaper housing inland vs. more expensive housing along the coast.

What sdr said about management/maintenace is very true.

Best of luck!

[CA renter]

[quote=sdsurfer]Much appreciated and I was thinking along those lines myself. Since I’m not expecting a lot of appreciation right away that would lead to inland being better short term, but then the coastal stuff would have a better long term benefit because they are making anymore land by the beach and when the appreciation kicks in, which I know it will eventually, I’d be glad I went coastal. I’m also on the fence regarding self management if it was coastal and if I went esco I would definitely get a management company.

Do you mind me asking what you would do?[/quote].

FWIW, during most up cycles — and especially this last bubble — the lower-end properties not only had better cash flow, they appreciated far, far more, on a percentage basis.

I would invest in cheaper housing inland vs. more expensive housing along the coast.

What sdr said about management/maintenace is very true.

Best of luck!

[CA renter]

[quote=sdsurfer]Much appreciated and I was thinking along those lines myself. Since I’m not expecting a lot of appreciation right away that would lead to inland being better short term, but then the coastal stuff would have a better long term benefit because they are making anymore land by the beach and when the appreciation kicks in, which I know it will eventually, I’d be glad I went coastal. I’m also on the fence regarding self management if it was coastal and if I went esco I would definitely get a management company.

Do you mind me asking what you would do?[/quote].

FWIW, during most up cycles — and especially this last bubble — the lower-end properties not only had better cash flow, they appreciated far, far more, on a percentage basis.

I would invest in cheaper housing inland vs. more expensive housing along the coast.

What sdr said about management/maintenace is very true.

Best of luck!

[CA renter]

[quote=sdsurfer]Much appreciated and I was thinking along those lines myself. Since I’m not expecting a lot of appreciation right away that would lead to inland being better short term, but then the coastal stuff would have a better long term benefit because they are making anymore land by the beach and when the appreciation kicks in, which I know it will eventually, I’d be glad I went coastal. I’m also on the fence regarding self management if it was coastal and if I went esco I would definitely get a management company.

Do you mind me asking what you would do?[/quote].

FWIW, during most up cycles — and especially this last bubble — the lower-end properties not only had better cash flow, they appreciated far, far more, on a percentage basis.

I would invest in cheaper housing inland vs. more expensive housing along the coast.

What sdr said about management/maintenace is very true.

Best of luck!

[CA renter]

[quote=sdsurfer]Much appreciated and I was thinking along those lines myself. Since I’m not expecting a lot of appreciation right away that would lead to inland being better short term, but then the coastal stuff would have a better long term benefit because they are making anymore land by the beach and when the appreciation kicks in, which I know it will eventually, I’d be glad I went coastal. I’m also on the fence regarding self management if it was coastal and if I went esco I would definitely get a management company.

Do you mind me asking what you would do?[/quote].

FWIW, during most up cycles — and especially this last bubble — the lower-end properties not only had better cash flow, they appreciated far, far more, on a percentage basis.

I would invest in cheaper housing inland vs. more expensive housing along the coast.

What sdr said about management/maintenace is very true.

Best of luck!

[SD Realtor]

Yes my sfr in sd is rented to a family with a child. My condo is not. My out of state rentals have two families and one couple woth no kids. I have been a landlord for 9 years now and have never had anyone skip out on rent or have any party animal tenants that you referred two. Prior to getting out of state sfrs I rented exclusively to single people or couples without kids and never had any problems. By far the homes with children have required more work when turnover occurs.

This is based on experience rather then speculation.

[SD Realtor]

Yes my sfr in sd is rented to a family with a child. My condo is not. My out of state rentals have two families and one couple woth no kids. I have been a landlord for 9 years now and have never had anyone skip out on rent or have any party animal tenants that you referred two. Prior to getting out of state sfrs I rented exclusively to single people or couples without kids and never had any problems. By far the homes with children have required more work when turnover occurs.

This is based on experience rather then speculation.

[SD Realtor]

Yes my sfr in sd is rented to a family with a child. My condo is not. My out of state rentals have two families and one couple woth no kids. I have been a landlord for 9 years now and have never had anyone skip out on rent or have any party animal tenants that you referred two. Prior to getting out of state sfrs I rented exclusively to single people or couples without kids and never had any problems. By far the homes with children have required more work when turnover occurs.

This is based on experience rather then speculation.

[SD Realtor]

Yes my sfr in sd is rented to a family with a child. My condo is not. My out of state rentals have two families and one couple woth no kids. I have been a landlord for 9 years now and have never had anyone skip out on rent or have any party animal tenants that you referred two. Prior to getting out of state sfrs I rented exclusively to single people or couples without kids and never had any problems. By far the homes with children have required more work when turnover occurs.

This is based on experience rather then speculation.

[Author]

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