Real Estate Agent · Oceanside, CA · Member since 2020 · 29 posts · 21 votes
Hey all investors!
I wanted to see how everyone else is doing with their rentals in North County San Deigo.
We have rentals in the Oceanside, Vista, Carlsbad, and San Marcos areas.
We have noticed a shift in our vacancies. Our units are sitting for longer vacant. Places that used to be on the market for days are now sitting vacant for around 30 days. This has led to the amount of rent we can charge going down.
Investor · Poway, CA · Member since 2015 · 7k+ posts · 8k+ votes
1y
My units do not turn over often. We usually fill the vacancy in the first open house. We write our leases to expire late spring or early summer.
We had an Escondido tenant break lease moving out Dec 31 (terrible time). The initial open house seemed to have about unusual turnout. Second open house attendance fell off some. It got to where the open house was getting 3 or 4 potential tenants. I think I had 6 open houses. Tenant moved in march 1, so ~7 weeks to rent (it took a week to get unit ready).
I do not know if to blame the slow placing of tenant on trying to place tenant in January or a slowdown in market.
I have another Escondido unit that will be available for rent in November (hopefully ready Nov 1). I will try to post how it goes, but November again is not optimal time to be placing a tenant.
I suggest having leases end in late spring or early summer so placing tenant is at an optimal time.