construction rentals san diego
Downtown San Diego Condo Market is Ideal for Investors.
Savvy condo investors are looking to Downtown San Diego to
purchase investment properties to replace the disappearing
apartment buildings that are being converted to condos. Today
there is a relative abundance of entry level condos available
due to several new buildings being sold as condos that were
originally being constructed as apartments. According to Mark
Mills, Realtor with RE/MAX Real Estate Consultants, in San
Diego, you also have several existing apartment building that
will soon evict all their tenants and sell their refurbished
units as condos. This is really going to drive the rental prices
up in downtown. If a building is not currently being converted
to condos or in the planning stages, it is either below the
quality standards required by downtown condo buyers or its
location (usually in the East Village) is so bad the demand for
that is still a few years out.
Wealthy California real estate investors have know for years
that making money in California real estate is not about cash
flow, its about appreciation. Stated another way, if you’re
worried about cash flow, you bought the wrong property.
Downtown’s housing market is very dynamic and the two influences
of local politics and the cashing out of apartment building
owners will make housing less affordable in the next 5 to 10
years. Local governments are subsidizing builders of low income
apartment housing and no one is building anything for the middle
or upper class to rent. Demand exists for luxury condo/apartment
rentals in downtown. According to Mills, there is a segment of
the market looking for condos rentals over $3,000 per month.
Most of these renters are either new to town or in transition
between homes they own.
If you’re looking for a rental condo in Downtown San Diego you
will be in for a pleasant surprise over the next few years as
you will get a bonus on your investment, increased cash flow.
Rising rents are inevitable with the shrinking of the available
rental units. Remember, the cash flow bonus will also make your
investment property appreciate faster because it’s generating
more cash.
You can visit the website of Mark Mills at
http://www.LiveAtTheTop.com
About the Author
RE/MAX Realtor and Economist focused on the downtown San Diego
real estate market.
renting a room in a house with illegal tenants / landord construction?
i’m renting a room in house in southern california (san diego county) and the landlord is building additions inside the home eliminating public spaces, etc for other tenants to increase her profit on the rentals. she has people living in unauthorized spaces, the back patio and the garage. My rental agreement is verbal, but i get reciepts for my rent. we also have no central heating for the house, which i understand falls under california “uninhabitable” rules. do i just shut my mouth and not say anything about the work out of code? what legal recourse do i have?
What Ill do is if i like the house, neighborhood, and people i live there, ill do nothing. If I dont like it,, Ill just move out and forget to hurt people reporting them to local authorities, live and let live,
Now about the heat, as long as you have a heater in a room, I think is enough, this is so, california, where is rare you use the heat. Maybe this people dont charge you too much or they dont have enoug money, dont be mean to them, just move if you dont like it…..
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