I happen to have a few properties I manage as well as my own personal investment property and recently I had a vacancy for a 2 bedroom, 1 bath house (under 1,000) sq. ft. and I received a lot of calls of people needing to find a rental. Salinas is a area where all types of people have lost their homes and they all need a place to go to. A lot of ex home owners are now having to deal with being a renter after owning a home for many, many years. A lot of them have no other issues with their credit besides losing their house therefore; it is a excellent rental market.
Salinas is the largest city in Monterey County and Monterey County is a very large county. It happens to be close to the coastline therefore; prices have gone up at a steady pace considering how low they have dropped down to. All surrounding areas are good investment areas but Salinas is the one area where the prices are still low enough to purchase a property where you will get a good return on the money you spend to purchase an investment property.
RAM Real Estate and Financial Services