That's not to say their are not plenty of small single location mom and pop operators, but, from my observation, the most desirable tenants are larger regional, national or international multi location corporations.

Red Bank values have been going up because they have latched onto the whole North Shore living/culture of being in close proximity to the river, so this is a highly desirable area and should be easy to get a renter into quickly.

Nearly all the agents I know typically deal in traditional SFRs.I can provide more information, if desired.

All else held equal they would take higher cap rate over lower cap rate, but they understand that moderate cashflow with strong long-term capital gains is very desirable because they can shelter the vast majority of their gain from ever being taxed.

The better cash flow places for long term renters are not in the most desirable areas in New Orleans.

“I’d love to show it to you, but first how well do you meet or rental criteria and what’s your desired move in date?”

At the end we got our desired result.

If a comparable unit charges the same rent, but landlord covers the sewer bill, they will be more desirable than yours.

True about CA as most counties prop Tax is around 1% of value- however most desirable cities introduced Mello Roos or Community Development Fund tax which makes CA prop Tax around 1.9% to 2% in most desireable cities.

But the contract prices are still ahead of the appraised values, so traditional financing is a problem.I should also mention that I am referencing an extremely desirable short term rental region.