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Items to Consider When Looking at a Long Beach Condo as a Rental

Dustin Edwards • Sep 22, 2021

The Right Long Beach Condo has Essential Features

Long Beach Condo Rental Options
For many people, condos are their first residential purchase. Over time, these people find that their condo no longer accommodates their growing family and move on. However, with that comes the hassle of putting the condo on the market and selling it.

If you find yourself in this situation, consider making your condo into a rental instead of selling it. The reliability and affordability of condos make them an ideal and safe choice for first-time landlords looking to begin their rental journey. Furthermore, the reasonable price and various amenities intrigue tenants looking to rent in Long Beach.

If you are curious about the growing interest in renting out Long Beach condos, here are some of the advantages to consider. 

Seaside Location
Many Long Beach condos are within walking distance of the ocean. Not only does this provide stunning views of the crystal blue waves, but it also draws tenants looking to swim, surf, or bike at the beach without the added inconvenience of loading up their vehicle and looking for a parking spot. 

Additionally, most Long Beach condos provide easy access to popular waterfront shopping and dining destinations. Having multiple stores and restaurants mere steps away from your front door is a convenience that tenants will deeply value, especially if they want to experience Long Beach’s vivid and active social scene. 

Best of all, Long Beach condos in such close proximity to the ocean earn a much higher rent than those inland. Thus, not only will the seaside location attract plenty of tenants, but it will also earn you plenty of money. 

Ample Living Space
As opposed to small and cramped rentals, Long Beach condos tend to be expansive residences with two or three bedrooms, two bathrooms, and a nice kitchen and dining area. This can be rewarding for you since, generally, the larger the space, the higher the rent.  

Having an ample living space can make your Long Beach condo a functional residence for young couples or even small, budding families. Not to mention, it will only increase the number of tenants viewing your property. 

Added Amenities 
Some Long Beach condos also have added amenities, such as pools and gyms. This can prove very beneficial for tenants that want easy access to exercise and relaxation. 

That being said, pools and gyms generally require higher HOA fees. If you are unable to budget those costs into your tenant’s rental agreement, then those added amenities may not be as profitable as they seem. 

Parking
One common drawback of condos in a large city like Long Beach is that many of them do not come with designated parking. Though your tenants might take the bus or Metro to navigate the city, many people still drive cars. 

Therefore, snagging a Long Beach condo with one (or, even better, two) parking spots will be extremely helpful in attracting tenants, especially for two or three-bedroom condos. 

While there are many positives to renting out a Long Beach condo, it is certainly a slightly different experience than managing a typical rental. Finding a property management company that you feel comfortable with can make understanding these nuances easier and ensure you get the most out of your investment. If you would like assistance with buying a Long Beach condo to rent, we invite you to call us today at (562) 888-0247 or fill out our online Rental Analysis.

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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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