Rental market in Napa/Sonoma
The economic downturn is now hitting even the rental market in many Bay Area cities. I have been interested in investing in rental properties in Napa/Sonoma until now, depending on how much it has affected the rental market in Napa/Sonoma. I would hate to be stuck with a mortgage and vacancy! I don't live in Napa/Sonoma, and would appreciate any info. Thanks!
I can't speak for Sonomo but Napa's rental market is very strong with a very low vacancy factor. I am not a rental manager so I can't give you specifics, but I can refer you to a rental manager if you wish.
I suspect that it's the higher end in the Bay Area that is now being affected. Personally, I wouldn't invest in the higher end here either.
For Napa, I recommend a 2/1 in a good neighborhood or a 3/2 or 4/2 in a traditional neighborhood. There are a lot of terrific values in the market right now and Napa would be a good place to invest.
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