Young WI Couple Seeking Rental Property in SLO area.

Asked by Meredith Rubin, San Luis Obispo, CA Mon Oct 8, 2012

My husband and I are in our 30's and plan to move from WI to the San Luis Obispo area by 12/1. We are seeking a temperate “weather pocket” as I have arthritis. We’d like a rental property, since we will be new to the area. Hope to be close enough to the SLO city center to enjoy restaurants and cultural events, but maybe in an area where we could have a small garden and away from all the students. I do plan to visit soon for about a week. Please send suggestions for what to do in advance of the trip, and what areas to look. Budget is only around $1700 at the moment.

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This question is about this property: http://www.trulia.com/rental/3097609541-665-Islay-St-San-Lui…

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Meredith Rub…, Renter, San Luis Obispo, CA
Tue Oct 9, 2012
Thanks very much for your recommendations with regard to rentals. Much appreciated.
0 votes
Graham Updeg…, Agent, San Luis Obispo, CA
Tue Oct 9, 2012
What to do: Check out http://www.visitslo.com, http://www.slocity.org, or http://www.downtownslo.com to find out what is happening in/around San Luis.

Areas to Look: This really depends on the lifestyle you lead. Most realtors don't deal with rentals much and our local MLS just added rental listings, which haven't been fully taken advantage of yet. That in mind, check with some of the local management companies. A few of the bigger companies are below.

People's Self Help: http://pshhc.org/programs-rental-SLO.html
Mark IV: http://markiv.net/inventory/
Turn Key: http://turn-keymgmt.com/rentals.php
Goetz Manderley: http://www.goetzmanderley.com/index.php?p=f_prop
B& W: http://www.bwmanagement.net/?page=2

Best of luck.
0 votes
Margaret Mor…, Agent, Nipomo, CA
Mon Oct 8, 2012
Renting for a year or so can be a good plan to give you a chance to get to know the area and take your time to find the right place to buy. You'll find that San Luis Obispo will be the most expensive area of the County and it gets less expensive as you go out from there, both in rentals and sales. Arroyo Grande, Grover Beach and Morro Bay will be more affordable and if you go to Nipomo the prices are even better. Pretty much everyone here (rental companies and individuals with homes to rent) use craigslist. Go to slo.craigslist.org and look up housing. If you need help you can contact us at 805-709-8535 or team@morristeamrealtors.com. The rental market is brisk so don't delay!
0 votes
Meredith Rub…, Renter, San Luis Obispo, CA
Mon Oct 8, 2012
We are not in the market for buying a home right now. We have never lived in CA before and really want to be able to check out an area before settling down for a while. Not to mention, we'll be under a bit of time crunch when we move out there. Are there any local realtors/companies or websites other than Trulia and Craigslist who specialize in trying to help customers find rentals?
0 votes
Hi Meredith- Rentals are difficult to find, which may be the reason why so many people are buying now. When I get rentals from my clients, I have them rented out the same day. I would recommend keep looking on Craigs List and call ASAP- I would check every few hours. If I get a rental I will list on Craigs List and you will see it there.
Flag Mon Oct 8, 2012
David Norwood, Agent, ARROYO GRANDE, CA
Mon Oct 8, 2012
You may want to consider purchasing a property instead of Renting. Rental property on the Central Coast can be very expensive. However, you can purchase a home with as little as 3.5% down and pay less than $1,000.00 for a single family home or condo.

For example, a $200,000 home would require $7,000.00 Down payment and your monthly payments would be around $900.00. Plus you can have the seller pay all of the closing costs. You can look at my web site and use the Owing Versus Drop down at http://www.dnorwood.com/MORTGAGE_CALCULATOR.aspx to see for yourself. In the example above, could save $8,400.00 per year. Also, interest on loans can be a tax deduction, so your housing could be nearly free.

You can view all of the homes on the Central Coast and SLO area on my web site in real time at http://www.dnorwood.com/SLO.aspx or call me to explain how easy it is to buy a home.

Or, look on Craigs List for a rental.

David Norwood – Central Coast Real Estate 805-471-0828 David@Dnorwood.com
Web Reference:  http://dnorwood.com
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