We all remember the real estate meltdown in 2008, but not everyone realizes that this otherwise sordid chapter in our market’s history actually had a very positive impact on the rental market—which has been doing well ever since.
With that in mind, there are three primary reasons you should consider investing in a vacation rental property.
1. The majority of people prefer vacation rentals to hotels. According to a study by Airbnb, 68% of people would prefer to stay in a rental over a hotel, if possible.
2. Property values for rentals are increasing by 11% per year on average.
3. There is no rent control (so far) in San Diego.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.