Home Buying in Oceanside>Question Details

Todd Deprez, Home Buyer in Las Vegas, Las Vegas,...

what is the rental vacancy rate in oceanside?

Asked by Todd Deprez, Las Vegas, Las Vegas, NV Sun Jan 20, 2013

how difficult is it to rent a place out 2 to 4 bed .then after a few years we plan on moving into it .would like to be near some of the good brewiers in the area but they seem to be alittle more in carlsbad and the homes i thought were for sale seems most are old listings that they never take off

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These are great questions for Pam Neillo in our North County office. Try her at pam@fbs-pm.com or call her 858-487-4004. Pam has availability of hundreds of actual rental comps through our exclusive database along with nearly 25 years of personal professional experience. Neil
0 votes Thank Flag Link Mon Jan 21, 2013
Todd, homes are selling like hot cakes right now in North County - the stale listings you see are in fact old listings that have some very critical issues that make them difficult to sell.
We are seeing multiple offers on every decent listing, so sales are hot.

Rentals are even hotter! The landlords are able to raise rents significantly recently due to the number of people who MUST rent (due to their short sale or foreclosure affecting their credit).
There are very few affordable rentals - and landlords are having no trouble finding qualified renters to put in their units.

Choose a few favorite areas, and I will send you an MLS link to view all the Homes for Sale, (and you can even view the rental rates in that area too).

I just assisted two other families relocating from Las Vegas in the past few months - is this a trend?
Send me an email if you'd like that link,
Tiffany Boyd, Realtor
Keller Williams
email: TiffanyHomes@yahoo.com
http://www.SellingBuyingHomes.com
CA Bre#01899986
0 votes Thank Flag Link Mon Jan 21, 2013
According to the 2010 Census, 6.2% was the residential rental vacancy rate in Oceanside. Since then it has probably gone down a little. In real terms it means if you ask a fair price, you will be able to get a lease signed within a few weeks in most parts of North San Diego County including Oceanside.
I do enjoy craft beer and have visited most of the breweries in the area. Vista currently has the largest number of craft breweries. Carlsbad has a couple smaller operations. On a bigger scale, San Marcos has Lost Abbey occupying the old Stone site, and Stone has their huge facility in Escondido.
Your net income on a rental property will be about the same between Oceanside, Vista, and San Marcos with a general statement that the less expensive properties produce better income. However, if you are going to live in it yourselves someday, it is better to find a place you like, and the income stream is a secondary matter. Realtor.com will give you accurate listing information. Many homes sit on the market for a long period of time when they are short sales.
0 votes Thank Flag Link Mon Jan 21, 2013
thanks appreciate the rsponse
Flag Mon Jan 21, 2013
Hi Todd. I have several investor clients grabbing anything they can. We have them rented out before we close escrow usually. Rents are very high. A $400,000 house in great area will rent for $2500 in about 27 seconds. Condos have high rents as well.

Carlsbad is much more expensive, so your return generally wont be the same as Oceanside, but rents are a tad bit higher. Here a condo for $275,000 will rent for $1600 to $1800 depending on location.

Good idea to buy something now as prices are jumping wildly.

Michael J. Lambert, Coldwell Banker
CA DRE 01131476
858 774 6040
0 votes Thank Flag Link Sun Jan 20, 2013
Todd,
You can use this link to find out almost everything abou a particular zip code or area...
http://www.fredeckertgroup.com/template35/nextpage.asp?mnu=49318
0 votes Thank Flag Link Sun Jan 20, 2013
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