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How the Thriving Rental Market Benefits Long Beach Investors

Dustin Edwards • Jul 23, 2023

Long Beach’s real estate market There are many opportunities in Long Beach, CA, for people from all walks of life. This means that there is always someone looking for a rental. With the rental market thriving and Long Beach considered a more “approachable” city than Los Angeles or Orange County, it’s a great time to be an investor.


Join me as we go over why investing in the Long Beach real estate market is a great way to diversify your portfolio.


Vacation Rental Property

While tourism isn’t Long Beach’s primary industry, it is a travel destination. With the Long Beach convention center, the Aquarium of Pacific, Catalina Island, and Queen Mary, there is an excellent argument for short-term rentals. A short-term rental property is a guest stay for less than 30 nights. Long Beach has a $250 initial application and subsequent annual renewal fee to list your home as a short-term rental. 


Vacation rentals are great for passive income because Long Beach has great weather most of the year. Vacation homes appreciate, which can provide a higher return on investment and passive income from the rent. Short-term rentals are only for some. Some investors prefer a long-term tenant to avoid the hassle of cleaning and preparing the rental in-between guests.


Great Location

Long Beach is one of the greatest locations in Southern California. Access to Pacific Coast Highway and five different freeways, the 22, 91, 405, 605, and 710, makes Long Beach a great city hub for tenants who work out of town but also want to visit the neighboring cities. Long Beach sits between Los Angeles, Anaheim, Santa Ana, and Huntington Beach.


Being in such a great location, Long Beach can attract tenants looking for rentals from all over Southern California. Mining vacancy rates are often low.


Thriving Economy

The second busiest port in the country resides in Long Beach, making it an important economic hub. Along with a wide range of diverse industries such as healthcare, restaurant, education, and manufacturing, there is a steady demand for homes and apartments, making it a fantastic location for investors. With abundant job opportunities, Long Beach has a relatively low unemployment rate making it a viable location for property investors.


Rentals are High in Demand

While rising interest rates make it challenging for first-time home buyers, it opens an excellent opportunity for landlords because rents are still strong. In Long Beach, the average rent is around $2,500 for an 800 sq. ft. home. This number can vary depending on the neighborhood, type of rental, and layout. Although the interest rates are high, the rent can be adjusted to provide a greater asset with equity and a higher passive income if you refinance. This may increase the amount you charge your tenant. However, it can aid in vetting financially capable tenants who comfortably fulfill their rental obligations.


Investing in Long Beach’s real estate market is a great opportunity for both new homeowners and experienced investors. Begin your real estate career or expand your portfolio while earning passive income. If you are looking to invest in Long Beach real estate and or need help managing your Long Beach rental properties, we invite you to call us today at (562) 888-0247 or fill out our Owner Application online.

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By Dustin Edwards 01 May, 2024
Everyone wants to feel safe in their homes. As an investment property owner, it's up to you to decide whether or not to include security measures in your property. Many of the costs associated with the security measures can be included in the rent, meaning not only can you keep your property safe, but you can earn more income in the long run. However, you would still want your tenants to have renters insurance to protect their assets. Today, we’ll discuss the top five security measures you can add to your property and why they're beneficial to you and your tenant. Security Cameras Cameras are probably one of the first security measures people think about when asked about security. Cameras provide more benefits than just surveillance. They provide an extra level of security for the safety of the tenants and their belongings. Additionally, security cameras can be useful when repairs are required. Cameras can aid in supervising repairs and maintenance to ensure you’re receiving the agreed-upon work. During vacancies when the property is empty, security cameras can help keep the property safe from potential intruders. Doorbell cameras are incredibly popular now. They provide the aforementioned safety of a camera that can be accessed remotely, as well as the ability to communicate with visitors. Although one must be careful never to say you're not home, just say you're unavailable to strangers. Security Lights Security lights with motion detectors are another effective tool when adding security measures to your property. These lights brightly if a potential intruder attempts to get near your home. They can provide enough illumination to see the intruder or, at the very least, scare them off. Nowadays, you can find a combination of security cameras and motion-activated security lights, such as the floodlight cam wired plus from Ring . Additionally, because these lights only turn on when motion is detected, they’re more cost-effective than traditional lights with a switch. Illuminate the Property Light generally deters intruders as it's more difficult to hide. Adding lighting to the landscaping can increase the security of the property while creating a relaxing atmosphere. Lights can also be used in other areas of the property to accent features such as trees, benches, or artwork. This can help your property stand out while giving your tenants an additional feeling of safety. Keyless Entry Keyless entry is seen as both a convenience feature and a security feature. They usually use an electronic passcode, biometric data, or grant access through a smartphone app. Physical keys can be lost, stolen, or duplicated. You reduce the risk of unauthorized entry by eliminating the need for a physical key to enter the property. Many keyless entry systems include several features, such as remote locking and monitoring. Although keyless entry is a great new technology for keeping your tenants and properties safe, they’re best used with other security systems. Security Company Nothing beats having an extra pair of eyes on your property for security. This is where security companies like ADT and SimpliSafe come in. While companies may deal with security in varying ways, they aim to protect your investment. While safety is the primary role of a security company, remember that many tenants may be willing to pay more for a premium amenity like a home security company. Keeping your property and tenants safe is incredibly important to the longevity of an investment property. If you’re looking to improve the security of your Long Beach rental property or need help managing your beach city rental property, we invite you to call us today at (562) 888-0247 or fill out our Owner Application online .
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