Rent projections/predictions

[pertinazzio]

If tennants are moving out after October, owners are screwed because they could be holding that property until March or April

Does this mean that Fall is a good time to rent?

[surveyor]

Look for rents to increase at a faster rate over the next few years. Rents have been increasing at about 3% to 4% for the last few years. I anticipate that rents will increase around 5% a year.

While it is true that there are a lot of foreclosures, it will take a few years for that to work down to the investor level in sufficient numbers where it will be attractive to investors and make financial sense for them to convert to usable rental units.

The more foreclosures, it could be argued, can actually increase rental prices because of all the former owners who will be forced to find affordable rental housing.

Some renters are able to find a landlord who is hesitant to raise rental rates because they are more worried about the property being vacant than properly charging to market rates. If you can find one like that, great, then you won’t have to worry about the landlord increasing rent by 5% every year.

I think you’ll see rents dropping when buying a house becomes more affordable and transferring renters to homeowners.

[surveyor]

Look for rents to increase at a faster rate over the next few years. Rents have been increasing at about 3% to 4% for the last few years. I anticipate that rents will increase around 5% a year.

While it is true that there are a lot of foreclosures, it will take a few years for that to work down to the investor level in sufficient numbers where it will be attractive to investors and make financial sense for them to convert to usable rental units.

The more foreclosures, it could be argued, can actually increase rental prices because of all the former owners who will be forced to find affordable rental housing.

Some renters are able to find a landlord who is hesitant to raise rental rates because they are more worried about the property being vacant than properly charging to market rates. If you can find one like that, great, then you won’t have to worry about the landlord increasing rent by 5% every year.

I think you’ll see rents dropping when buying a house becomes more affordable and transferring renters to homeowners.

[surveyor]

Look for rents to increase at a faster rate over the next few years. Rents have been increasing at about 3% to 4% for the last few years. I anticipate that rents will increase around 5% a year.

While it is true that there are a lot of foreclosures, it will take a few years for that to work down to the investor level in sufficient numbers where it will be attractive to investors and make financial sense for them to convert to usable rental units.

The more foreclosures, it could be argued, can actually increase rental prices because of all the former owners who will be forced to find affordable rental housing.

Some renters are able to find a landlord who is hesitant to raise rental rates because they are more worried about the property being vacant than properly charging to market rates. If you can find one like that, great, then you won’t have to worry about the landlord increasing rent by 5% every year.

I think you’ll see rents dropping when buying a house becomes more affordable and transferring renters to homeowners.

[surveyor]

Look for rents to increase at a faster rate over the next few years. Rents have been increasing at about 3% to 4% for the last few years. I anticipate that rents will increase around 5% a year.

While it is true that there are a lot of foreclosures, it will take a few years for that to work down to the investor level in sufficient numbers where it will be attractive to investors and make financial sense for them to convert to usable rental units.

The more foreclosures, it could be argued, can actually increase rental prices because of all the former owners who will be forced to find affordable rental housing.

Some renters are able to find a landlord who is hesitant to raise rental rates because they are more worried about the property being vacant than properly charging to market rates. If you can find one like that, great, then you won’t have to worry about the landlord increasing rent by 5% every year.

I think you’ll see rents dropping when buying a house becomes more affordable and transferring renters to homeowners.

[surveyor]

Look for rents to increase at a faster rate over the next few years. Rents have been increasing at about 3% to 4% for the last few years. I anticipate that rents will increase around 5% a year.

While it is true that there are a lot of foreclosures, it will take a few years for that to work down to the investor level in sufficient numbers where it will be attractive to investors and make financial sense for them to convert to usable rental units.

The more foreclosures, it could be argued, can actually increase rental prices because of all the former owners who will be forced to find affordable rental housing.

Some renters are able to find a landlord who is hesitant to raise rental rates because they are more worried about the property being vacant than properly charging to market rates. If you can find one like that, great, then you won’t have to worry about the landlord increasing rent by 5% every year.

I think you’ll see rents dropping when buying a house becomes more affordable and transferring renters to homeowners.

[Raybyrnes]

pertinazzio

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.

[Raybyrnes]

pertinazzio

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.

[Raybyrnes]

pertinazzio

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.

[Raybyrnes]

pertinazzio

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.

[Raybyrnes]

pertinazzio

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.

[nostradamus]

There are many condo conversions, some in PB, some downtown, etc. that are sitting mostly vacant. Surely some of the owners or builders are considering renting them out. I don’t know if it will be a “flood” of rentals coming on the market but I wouldn’t be surprised. Just like home sales, a glut of inventory will drive rental prices down.

[nostradamus]

There are many condo conversions, some in PB, some downtown, etc. that are sitting mostly vacant. Surely some of the owners or builders are considering renting them out. I don’t know if it will be a “flood” of rentals coming on the market but I wouldn’t be surprised. Just like home sales, a glut of inventory will drive rental prices down.

[nostradamus]

There are many condo conversions, some in PB, some downtown, etc. that are sitting mostly vacant. Surely some of the owners or builders are considering renting them out. I don’t know if it will be a “flood” of rentals coming on the market but I wouldn’t be surprised. Just like home sales, a glut of inventory will drive rental prices down.

[nostradamus]

There are many condo conversions, some in PB, some downtown, etc. that are sitting mostly vacant. Surely some of the owners or builders are considering renting them out. I don’t know if it will be a “flood” of rentals coming on the market but I wouldn’t be surprised. Just like home sales, a glut of inventory will drive rental prices down.

[Author]

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