Southern California is famed for its sunny weather and dramatic Pacific coastline. It’s region comprises a long list of destinations that are dreamt by many – especially Orange County.
Known for Anaheim’s Disneyland Resort, a huge complex of rides, restaurants and shops, plus world-renowned zoo and museums, and home of surf beaches such as Huntington Beach, etc. Orange County is undeniably convincing a significant number of investors, more importantly in home property rental.
With numerous people moving into the South, you now can start the home buying process and let it be one of your profited house rental businesses. And if you’re worried on how to handle things on your own – if you are to start the rental property business – property management company like oc property management is your guiding light! Read more to know why.
WHAT IS HOME PROPERTY RENTAL?
Residential or home property rental refers to homes that are purchased by an investor and inhabited by tenants on a lease or other type of rental agreement. It is property zoned specifically for living or dwelling for individuals or households; it may include standalone single-family dwellings to large, multi-unit apartment buildings.
It may be contrasted with commercial rental property, which is instead leased out to businesses in properties zoned explicitly for profit generation.
The most common types of residential rental properties include:
- Single-family homes.
- Multi Family homes.
- Luxury homes.
- Vacation homes.
- Getaway homes.
HOW MUCH DOES HOME PROPERTY RENTAL IN OC COST?
Rental cost depends on what specific type of property you are to rent out. It can be single family homes and condos, large and small apartment complexes, and office and industrial parks, etc.The average rent for an apartment in Orange County is $2,162, a 3% increase compared to the previous year.
Lowest rate ranges: $1,000 – $1,500 (2% of the renting population)
Middle rate ranges: $1,500 – $2,000 (38%)
Highest rate ranges: $2,000 – above (60%)
In Orange County, 73% of the population are owner-occupied while 26% of the households are renter-occupied. There’s already a Market in OC, and the neighbouring states, and it’s pretty obvious that rental property is surely a wise investment for anyone.
OC PROPERTY MANAGEMENT
OC Property Management is a premier property management firm that handles over thousands of units spread over the heart of Los Angeles, California – Orange County, and other neighbouring cities. With thousands of properties dwelling in their portfolio, be it single family homes or multi family, condominiums, commercial properties, luxury rental homes or apartment buildings, OC Property Management has been proven to provide trusted service to the real estate vibrant market.
For over a decade OC Property Management has been helping rental property owners unlock the dilemma of handling their own property, achieve a huge stream of profit and create a life they’re truly excited about.
In this worth-the-invest full service property management team, OC Property management will guide you through the challenging proven ways to access your passive investment goals… without going over the annoyance of maintenance calls for the property, collecting rents, collating financial statements, and more. Time for you to invest your first or next home property rental in Orange County!