Rentals in the San Diego area (any advice)

[Kristine Libby]

Hey guys, 

New to BP. My husband and I have 2 rental properties in the Bay Area and we're looking to expand with a condo in San Diego. We're somewhat familiar with the market, but would love to hear from investors on the ground.

The area code we're looking in is: 92102

Some questions are have are:

- How are tenants' rights (Is it easy to evict an existing tenant? Rent control?)

- How easy is it to find a tenant?

We've been using Craigslist as the main source of info re: rentals in the area; is there any other source you'd recommend we check?

We're visiting SD this weekend to look at some places and drive around, so any tips, advice, etc. would be greatly appreciated!

Thanks!

- Kristine

[Justin R.]

@Kristine Libby It's not saturated.  At the moment, getting tenants is like shooting fish in a barrel.  Bad analogy, I know.

In all seriousness, every vacancy I've had in the past 3 years has had more applicants than I know what to do with... the problem has been trying to filter through and find the best amongst those who show interest, then reel them in.

92102 is a little different from other areas - it's traditionally been a rougher area.  I don't have experience there, but parts of it are definitely looking like the winds of progress may have an impact.

There's no rent control.  It's not hard to evict in this area, but certainly not as easy as some other states.