Rental Property Investment in San Antonio

[Ara Jo]

Hi,

I am residing in San Diego, CA and I am looking into investing small in rental property (duplex) in San Antonio TX. I hear that San Antonio is attracting tourists, and demanding for service industry jobs are growing. I have only lived in Houston for about two years and I had visited in San Antonio once. Therefore, I am not very familiar with the areas. How's the rental market in San Antonio? What areas do you recommend for a beginner investor? Than

[Account Closed]

My only rental property (so far) is in San Antonio. My husband and I bought it on the Northwest side in 2013. That whole area is exploding right now. New bars, new movie theatres, lots of shopping, military tenant friendly, easy access to 1604, the works.

Granted, it became our rental out of necessity, but we pull a little over $215 per month even with factoring in mortgage and property manager. That may not be the number you're looking for, though. 

I'm more just here to corroborate the idea that San Antonio is an awesome place to purchase a house, especially for rentals. It is a growing, constantly expanding city. When we moved in 2016, there were 1.5 M people, and city officials were talking about growing to ~3 M by 2020. They really want to make it a major metropolitan area...and all of those people are going to need somewhere to live! Not to mention the super high rate of military members stationed there who don't want to buy since they'll move in a few years!

Just watch out for property taxes! They are super high! This year we're projected to pay around $4K. For reference, our current house in Nevada, same size, same number of bedrooms/bathrooms, and in an equally middle class neighborhood, we're only paying $1300.