LA short term rental (long distance investor)

[Michelle Herschend]

Hello, everyone!

I am hoping to connect with some people in Southern California, most specifically the Los Angeles area but I would also consider Orange County. I love that part of the country and one of my big goals is to own a vacation rental there. The problem is that I live in southwest Missouri.

What I need:

First, someone in the the LA market who is familiar with short term rental regulations.

I waffle between jumping into something turnkey or going after my true love of a fixer-upper. 

What I can do for you:

Probably nothing. ;) But if you’re from California you might be excited about how inexpensive real estate in my neck of the woods can be. So if you are interested in jumping into the Midwest market, I’d be happy to share my expertise.

Thanks so much!

[Derek Willis]

@Michelle Herschend If your interested in further south something to keep an eye on is a new convention center and hotel being built on the bay in Chula Vista. I was speaking with the city inspector a month or so ago and the project has full permit approval and should be complete in 2 years. The area just next to where the convention center site is less than optimal so I suspect an increase in value there. We own a rental about a mile away with a granny flat which we may turn the granny flat into STR when project completes since we are walking distance from downtown Chula. What may throw a wrench into it is the over regulation typical of the govt in this area to squash STR rentals. With all of this said I don't have specifics of a great deal but an area to keep an eye on.