Blog Post

Is now the time to make an Investment move in Long Beach Real Estate?

Dustin Edwards • Oct 30, 2020

A Wide Array of Real Estate Investment Opportunities Await in Long Beach

Long Beach Real Estate at Night
In times of economic uncertainty it can be challenging to determine what to do with your investment portfolio. Whether that means real estate, the stock market, or even alternative investments it can prove difficult to determine which actions will help you to not only weather the storm, but prosper.

COVID-19 has resulted in some challenges nationwide for real estate (particularly markets like San Francisco and New York); however, in our local market we are seeing a different story for single family home rentals.

Increased Demand for Rentals
In the local Long Beach and Lakewood markets we are seeing a large increase in inquiries and applications as soon as a property is listed as available. It is possible to get double-digit applications for homes in the most desirable neighborhoods that are priced right. Even though COVID-19 has caused some uncertainty in certain sectors we are seeing strong buyers with excellent applications.

With this increase in demand for rentals in Long Beach, rising rents, and even strong appreciation we invite you to consider your options to make the most out of your investment.

Sell Your Rental (or even your Long Beach Home)
In 2019 Zillow’s data showed a 6.9% increase in value with a forecasted 5.81% appreciation for 2020. With these types of gains, and historically low interest rates that have attracted a large buying pool, now may be the time to sell your Long Beach rental or even your home.

If you are a rental property owner and you have a potential large gain you might even consider doing a 1031 exchange to defer your taxable gains. This method could allow you to move up an asset class (say going from a duplex to a 4-unit or even larger) to capitalize on the strong rental demand and appreciation of the Long Beach real estate market.

Expand Your Home with an Accessory Dwelling Unit (ADU) and/or Jr. ADU

The California Legislature has made it much easier to add an accessory dwelling unit to a single family residence. This has commonly been referred to as a “mother-in-law unit” and depending on the city you can add a unit to your property >800 sq ft in size. With rents remaining strong you can effectively turn your single family home into a duplex or if you also consider adding a Jr. ADU you are effectively developing a triplex.

When it comes to deciding on if you should sell your rental, expand your home to include an ADU or even just remain as you are there are many items to consider. To help you understand your options you to call us today at (562) 888-0247 and let us know you’d just like to discuss what’s possible. Or if you prefer a complete evaluation of your property we invite you to fill out our Free Rental Analysis and we can perform additional diligence to help you with your decision.


Share this post

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 .
By Dustin Edwards 19 Apr, 2024
Communication is key to maintaining good relationships with clients. However, there are several ways to communicate, so we intend to give you the best methods we've explored.
By Dustin Edwards 10 Apr, 2024
If you're thinking about how much different managing condos are from single-family homes, look at these top 5 reasons.
Show More
Share by: