Orange County Investment Rental Trends For 2018
It's quite common for conversations with family, friends and coworkers to arise about the Orange County real estate market and more specifically, investment properties. There's no question that Orange County vacation rental homes are a great investment idea, but it's always a good idea to do your research and ask all of your questions first. The Orange County vacation rental industry is hot and the numbers are on the rise, but don't panic, it's not too late to jump in. Are you curious about the current vacation rental market trends and how you could get involved? Balboa Realty is here for all things related to Orange County real estate - let's chat: (855) 211-1489
Investment Rental Stats & Trends
The exciting news is, according to the National Association of Realtors, 45% of investment buyers bought properties with the intent to generate income through renting. Vacation rental properties not only go up in value over the years, but they will provide additional money coming into your back account each month. You can also use your vacation rental as a fun vacation spot for you and your own family a couple weeks a year and feel secure knowing that when you're renting it out during the other weeks of the year, it will pretty much pay for itself...and more!
Another fun and important fact is that the amount of investment owners and vacation rental owners who rent out their homes as short term rentals this year is up about 25% from last year. This goes to show that there is an increase in rental inventory to keep up with the demand for short term rentals.
Have you been thinking about getting involved in the OC vacation rental industry? Balboa Realty can answer any question you may have: (855) 211-1489
How Can Balboa Realty Help Me?
Newport Beach is prime real estate location especially when it comes to finding a perfect place for vacation rental. - at least 1/3 of vacation rental buyers picked a home close to a beach proving that beach real estate is undeniably desirable. Balboa Realty knows exactly what is takes to buy, own and rent a Newport Beach vacation rental. With our Orange County real estate and property management services, we will guide you every step of the way and ultimately increase your income.
Want to get involved in the OC vacation rental industry? Call Balboa Realty today: (855) 211-1489
Published on Friday, August 17, 2018