San Diego or Las Angeles Short Term Vacation Rental

10 Replies

Hello BP!

I am a Realtor here in Scottsdale, Arizona and am looking to buy a condo in either the San Diego or Las Angeles California areas to be a short term vacation rental. I have not yet invested out of state, nor have I done short term rentals, so I would like anyone's experience and/ or advice. Here are a few questions that I have:

1) Best short term property management company with great rates and great service?

2) Would you recommend Las Angeles, San Diego, or any particular city in between? 

3) One bedroom or 2 bedroom?

4) Any advice/ cautions/ important things to consider when doing short term rentals? 

Thank you so much! 

In addition, I would be happy to talk to a Realtor in either LA, San Diego, or any desirable area in between and have some listings sent over to get a better idea of what's on the market in those locations. I do not yet have a particular Realtor in California that I refer business to, so I am happy to build a new CA - AZ real estate professional relationship. Please message me if you would like to connect :)

.@Hannah Hammond some areas are starting to restrict short term rentals via legislation.  Before you purchase try to determine that this is not going to occur in your area.  It has mostly been a north county San Diego coastal legislative action so far.  

The family has 2 units of short term rentals in Mission Beach.  Our property management has been sold a couple of times in the last few years.  I would have recommended the initial property management company but jury is still out on the current. 

I personally think that the desired short term rental areas in San Diego have high entry points and that they need to have solid appreciation to be competitive with other investment options.  Therefore I suggest purchasing in the area you like and would enjoy staying at yourself.  I thought the family's units qualified but no one in family uses them anymore (long story). 

Good luck

If you want vacation rental type, I believe San Diego. Send me a PM if you want I'll give you some pointer on good areas with good returns and good upside in the long term

Originally posted by @Dan Heuschele :

[email protected] Hammond some areas are starting to restrict short term rentals via legislation.  Before you purchase try to determine that this is not going to occur in your area.  It has mostly been a north county San Diego coastal legislative action so far.  

The family has 2 units of short term rentals in Mission Beach.  Our property management has been sold a couple of times in the last few years.  I would have recommended the initial property management company but jury is still out on the current. 

I personally think that the desired short term rental areas in San Diego have high entry points and that they need to have solid appreciation to be competitive with other investment options.  Therefore I suggest purchasing in the area you like and would enjoy staying at yourself.  I thought the family's units qualified but no one in family uses them anymore (long story). 

Good luck

 Thank you so much for this information!  I wasn't even considering the fact that some areas may be restricting short term rentals.

I would check that zoning allows for vacation rental or transient use. Single family home neighborhoods are resenting the Airbnb movement currently. 

@Hannah Hammond Congrats on your decision! I recommend the San Diego area for the following reasons: 

The beach cities (Oceanside, Carlsbad, Encinitas, all the way down to Mission Bay area) are great if you want a single family. If you're looking for a condo, then Oceanside and the complex North Coast Village would be a good place to start. This particular oceanfront complex is in demand with renters because it's within 1 hr to LA (Disneyland/Anaheim) and 35 min to downtown San Diego attractions (Seaworld, Zoo etc). Families seek out the complex for well appointed rentals that are affordable. The complex is also very family friendly (pools, spas, gym, putting green, rec room, gated security and parking...). These are all currently approved for short term renting. 

I'm in Orlando but I have a great property management/Real estate (vacation rental specialist) in that area that I would be happy to connect you with. Just DM if you'd like more details and of course, best of luck in this new endeavor!! 

Originally posted by @Erica Muller :

@Hannah Hammond Congrats on your decision! I recommend the San Diego area for the following reasons: 

The beach cities (Oceanside, Carlsbad, Encinitas, all the way down to Mission Bay area) are great if you want a single family. If you're looking for a condo, then Oceanside and the complex North Coast Village would be a good place to start. This particular oceanfront complex is in demand with renters because it's within 1 hr to LA (Disneyland/Anaheim) and 35 min to downtown San Diego attractions (Seaworld, Zoo etc). Families seek out the complex for well appointed rentals that are affordable. The complex is also very family friendly (pools, spas, gym, putting green, rec room, gated security and parking...). These are all currently approved for short term renting. 

I'm in Orlando but I have a great property management/Real estate (vacation rental specialist) in that area that I would be happy to connect you with. Just DM if you'd like more details and of course, best of luck in this new endeavor!! 

 Erica,

Thank you so much for this great information, I really appreciate it and will definitely check out North Coast Village. If I decide to buy a property in CA for short term rentals I will definitely be in touch with you for property management. Thanks again!

@Hannah Hammond I did short term renting in San Diego (airbnb) and it was great. There was great demand almost year round (November and December were the slowest months) and the rates are very favorable for the owners. HOWEVER, nearly every condo association in San Diego restricts short term renting, especially if its less than 30 days. In downtown, the HOAs will actively search for airbnb listings in their buildings and fine the owners that violate the rules. 

The SFR is a better way to go but, like others mentioned, you have to look out for some communities that are relentlessly trying to restrict short term renting or already have restricted it. Good luck

Originally posted by @Naseer Khan :

@Hannah Hammond I did short term renting in San Diego (airbnb) and it was great. There was great demand almost year round (November and December were the slowest months) and the rates are very favorable for the owners. HOWEVER, nearly every condo association in San Diego restricts short term renting, especially if its less than 30 days. In downtown, the HOAs will actively search for airbnb listings in their buildings and fine the owners that violate the rules. 

The SFR is a better way to go but, like others mentioned, you have to look out for some communities that are relentlessly trying to restrict short term renting or already have restricted it. Good luck

 Naseer, thank you so much for the information and for the heads up! Very good to know and to watch out for, I appreciate it! 

I think San Diego is a good way to go. I have a friend who rents his 1BR condo in downtown through AirBnB and does pretty well. He gets some absurdly high rent amounts during ComicCon. There are plenty of HOAs that don't allow the short term rentals, but there are (obviously) a lot of people who disregard these rules, so be cautious where you look.