Investing in San Diego is a great idea, and there are plenty of opportunities in the residential real estate market. You’ll find there are single-family homes in established neighborhoods as well as newer, HOA neighborhoods, and multi-family buildings that have two, five, or even more than 100 units. Deciding which type of investment is best for you depends on several factors.
A new statewide rent control law went into effect for California in 2020, and it’s called the Tenant Protection Act or AB1482. There’s more involved than just rent control, and if you’re feeling overwhelmed and confused about what this new law means for you and your rental properties in San Diego – you’re not alone. As we implement and execute these new regulations, there are bound to be questions that can only be decided in court.
At Mercer Properties, we’ve been leasing and managing homes in the San Diego area for more than 30 years. This experience has taught us a lot about how to effectively advertise a rental property. You might have the best rental property on the market, but if no one knows about it, that great property will remain unoccupied, and you won’t earn any money on it.
Should you sell or rent your home? This is a common question that comes up. The most important thing you need to think about when you’re renting out a property is whether there is any potential for appreciation.