Renovating a rental property may seem like an unnecessary expense. After all, you’re not living in the property yourself, so why invest in upgrades and updates?
It’s easy to make mistakes as a San Diego landlord, and even experienced rental property owners find themselves making expected errors and reeling from bad decisions.
Most people make a mistake and move on. The problem, of course, is that these mistakes can usually be expensive.
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.