Top City Searches in California
California: The Golden State
With 39,538,223 residents, California is the most populous state in the United States. The state is known for its diverse economy, driven primarily by the film industry as well as the technology, finance, real estate, and professional sectors. Many pop-culture moments and phenomenons have also originated in California.
California is perhaps most famous for its contributions to the entertainment world. As the site of Hollywood, the state functions as one of the primary centers of film and television in the country, even the world. There are also several museums that reside here, such as the
California Museum, the
Museum of Contemporary Art, and the
Los Angeles County Museum of Art. In terms of food, California boasts a diverse local cuisine influenced by different cultures.
That's not all California has to offer, though. The Golden State is also known as the home of numerous tech companies, and Silicon Valley functions as a hotbed for tech startups. Education is also at the forefront here. Colleges and universities located in California include the
University of California,
California State University,
Stanford University, and the
University of Southern California.
Sports also play a major role in the culture of California. A number of professional sports teams are based in the state, including the Golden State Warriors (NBA), the Los Angeles Rams (NFL), and the Los Angeles Dodgers (MLB). Other attractions include
Yosemite National Park,
Joshua Tree National Park,
Disneyland, the
San Diego Zoo, the
Golden Gate Bridge, and
Sequoia National Park.
What Is California's Rental Market Like?
California has one of the most expensive real estate markets in the country. In September 2021, the
median listing price for a home in this state was $808,890, up from the previous year's $712,430. The housing market in California is beginning to stabilize once again following the effects of the pandemic.
Property investors flock to California for its thriving rental market. While home prices are not as affordable compared to other states, the Golden State still boasts a large renter population and high rent. It is precisely due to expensive homes that many choose to rent in the first place. In fact, renters make up 45.2% of the state's population.
Image via towncharts.com
Landlords can also charge relatively high rental rates in California. In 2019, the median rent in this state was $1,614. Comparatively, the national median rent in the same year was $1,097. California's median rental rate has been steadily increasing since 2011. This means landlords stand to earn above-average rental income.
Image via deptofnumbers.com
Finally, rental property owners won't have much of a hard time finding tenants in California. In 2019, the vacancy rate in this state was 4.06%. In comparison, the national vacancy rate at the time was 5.97%.
How a California Property Management Company Can Help
California undoubtedly appeals to rental property investors. However, investing is just the first step. You have to put in the time and work to successfully manage your rental property. Being a landlord is difficult, and you have to perform a multitude of tasks on a regular basis. Plus, you need to keep up with the ever-changing landlord-tenant laws that exist in the state.
This is why many landlords choose to hire a California rental management company. With a management company, you can rest assured knowing an experienced professional will be carrying out your day-to-day duties. What exactly can a property management company do for you?
- Advertise your listing
- Screen and process tenants
- Oversee property showings
- Set and collect rent
- Create a lease agreement
- Perform move-in, move-out, and routine inspections
- Enforce your lease terms
- Manage maintenance and repairs
- Respond to tenant complaints
- Manage your budget
- Help with tax calculations
- File evictions
Search for Property Management in California
Rental Choice is your resource for finding qualified rental property management firms in California. Our user-friendly website allows landlords and property owners to connect with the right management company to meet their rental needs. Every one of the management companies in our
online directory has been highly regarded for their dedication to excellence in service. Start your search with us today!
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