Bakersfield, CA: Nashville West
Bakersfield has an estimated population of 403,455 residents, ranking ninth in the most populous cities in California. It also functions as the county seat of Kern County. Known as the origin of the Bakersfield sound, the city has a very active music scene. Aside from country, though, prominent genres in the city include jazz, rock, heavy metal, doo-wop, and classical.
Additionally, Bakersfield hosts several annual events and festivals. This includes the Kern County Basque Festival, March Meet, and the Kern County Fair. The city is also home to attractions such as the Kern County Museum, Fox Theater, the Bakersfield Museum of Art, Hart Park, and the Buena Vista Museum of Natural History & Science.
Although Bakersfield has a high cost of living, the city also boasts a slightly above-average median household income of $63,139. A diverse population, excellent weather, good public schools, a hopping nightlife scene, and an abundance of outdoor activities are other things that make Bakersfield a great place to live.
What Is Bakersfield’s Rental Market Like?
Property investors have a lot to look forward to in Bakersfield. First of all, homes in this city have a median listing price of $220,900, which is 3% below the national median. Secondly, Bakersfield has a large pool of renters. In fact, 41% of the city’s population rents their homes.
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Thirdly, Bakersfield boasts a low vacancy rate compared to other American cities. In 2019, the city had a vacancy rate of 4.70%, whereas the national vacancy rate at the time was 5.97%. This also represented a drop in vacancy rates compared to 2018, when Bakersfield had a vacancy rate of 5.12%.
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Beyond that, the typical property tax rate in Bakersfield is 0.8%, which is lower than the national average. This means property investors can earn higher rental profits than many other cities.
How a Bakersfield Property Management Company Can Help
The rental market in Bakersfield is clearly favorable to property investors. However, it takes more than just capital to become a successful landlord. There are several variables at play, and you must have a good grasp of the landlord-tenant laws in California to operate legally. When it comes down to it, being a landlord takes up a lot of time, energy, and resources.
A Bakersfield rental management company, though, can help you with all of it. A rental management company can handle the entire tenancy process from start to finish. Although services can change depending on the company you hire, they generally include the following:
- Rental property advertising
- Tenant screening
- Property showings
- Rent setting and collection
- Lease agreement preparation
- Routine inspections (including move-in and move-out inspections)
- Lease terms enforcement
- Maintenance and repairs management
- Tenant support
- Budget management
- Tax preparation
- Eviction assistance
Get the Best Property Management in Bakersfield
Bakersfield is a big city, so it can be hard to find a property management company. Most of the search process nowadays is done online, and Rental Choice recognizes this need. Our online directory features reputable property management companies you can filter according to your city or state. Start looking for the best one today!