As of today (8/31/10) there is only one available detached home for lease in Foothill Ranch. Compare this to Ladera Ranch which has 21 detached homes for lease today and you can readily see the difference between the two communities. Even after adjusting for the relative difference on homew within both areas (Ladera Ranch has approximately 3x as many detached homes) it is quite clear that rental demand in vs. availability is in favor of Foothill Ranch. This demand/inventory gap in Foothill Ranch will significantly improve your occupancy rate and puts upward pressure on monthly lease rates which, for you, is the whole idea.
Rents are on the rise and positive cash flow is back. This is a great market to be a buyer. Key is to buy smart, don't buy emotion. Crunch the numbers and factor in vacancy rates, HOA dues, taxes. Don't be afraid to walk away. Know the inventory and the appreciation rates for different areas. Happy to help. Linda Spears, RE/MAX 714-665-0272
Also keep in mind that the low HOA fees and taxes/Mello roos are relatively lower in Foothill Ranch. Just stay with detached homes where HOA fees are generally lower($70 to $100) compare to condos or townhomes. Track name Brittney is good because they are less pricy and it is considered detached so your HOA fees are close to $100/months. You can check all listing in Foothill Ranch by visiting my Website at
So, you can find $600 to $700 a month per bedroom, it's not hard, so MANY empty houses.
Don't let them intimidate you, those numbers are the OLD rents, when the market was at its peak.
The lease market in Orange County is robust.........I advertise alot of lease listings on CraigsList.com and have successfully placed many tenants into lease properties.
Buyers who are waiting on the sidelines STILL NEED HOUSING and sellers who CANNOT SELL are opting to lease their properties out....so what does it all mean??
Detached homes rent for more money that do condos .....
The rule of thumb on lease amounts in OC are $800-$1100 per bedroom...with this in mind, it is very important to buy a property with a tough negotiator on your side to maximize your return on investment.
Foothill Ranch is a very desirable neighborhood however...2 bedrooms is still only 2 bedrooms!
I'd be delighted to Email you available properties here in OC and discuss with you the details of building a winning business PLAN!
You may go online yourself and look at available listings @
If you see a property you like Email it to me and I'll arrange a personal tour.
Kurt Steinhebel ** Century 21 ** Orange County ** 714-365-6135