San Diego, CA: America’s Finest City
With 1,386,932 residents, San Diego is the second-most populous city in California and the eighth-most populous city in the United States. It serves as the seat of San Diego County. Known for its desirable climate, beautiful beaches, and many parks, San Diego is a popular tourist destination. It is also a major center for education, with notable higher education institutions such as the University of California, San Diego, and San Diego State University calling it home.
San Diego also boasts a thriving arts and culture scene. Museums located in the city include the San Diego Museum of Art, the Museum of Contemporary Art San Diego, and the San Diego Natural History Museum. There are also several performing arts companies here, such as the San Diego Symphony, the San Diego Opera, the San Diego Repertory Theatre, and Old Globe Theatre. Other attractions in San Diego include the San Diego Zoo, Balboa Park, SeaWorld San Diego, Hotel del Coronado, and the USS Midway Museum.
How Is San Diego’s Rental Market?
Real estate in San Diego is rather expensive, with a median home listing price of $799,000. Perhaps this is why many residents choose to rent their homes. In fact, renters comprise 53.2% of the population in San Diego. With a large pool of renters, rental property owners can greatly benefit from the city’s rental market.
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In addition to this, rent in San Diego is high, so landlords can expect above-average returns. The average rent here is $2,433, which is an 11% increase year over year. Rent has been steadily on the rise since 2012, and 73% of apartments command a rental rate above $2,000.
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Landlords will also face little to no trouble finding tenants for their properties. The vacancy rate in San Diego was 4.77% in 2019, which was lower than the national vacancy rate of 5.97%.
How a San Diego Property Management Company Can Help
Considering the state of its rental market, San Diego unsurprisingly draws in many property investors. Whether property investments are your thing or you simply have an extra apartment in the city, rental management is something you will inevitably need to tackle. Most people have a hard time managing rental properties, though, which is where a San Diego rental management company comes in.
A professional management company can help landlords with all their needs. Companies have the resources and connections needed to make the entire process smoother. Although services can vary from company to company, they generally encompass 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
Start Looking for Property Management in San Diego
Searching for the right rental management company can be a frustrating process. There are too many companies offering the same service that it can be hard to narrow down your options. It is simply overwhelming at times.
Rental Choice provides landlords and property investors with a convenient database of trusted rental management companies. Using our online directory, you can search for companies by location and get their much-needed contact information without any hassle.