All Forum Posts by: Reba Marabotto

@Manav Wadhwa Temecula is consistently in need of rental inventory. I work with investors in south Temecula areas mostly, and because of the great school

District and proximity for Military families coming in for 2-4 years, we have many commuters for Camp Pendleton and San Diego bases. We fill and keep the houses full with families wanting to be here.

@Hunter Bernius Hello. I’m an agent here in Temecula. I work with a lot of investors with rentals here. If to want to contact me directly, I can give you a good indication for numbers for rentals and/or selling. Either is really good right now.

@Devon Preyer Yes! @Nick Weaver runs one called Club 500. He is a member here in BP. The club meets in Temecula.

@Devon Preyer Good for you and your fiancé! I’m a local agent, and I’ve worked with investors here since 2008. We are always in need of good rentals here. With so much military here; such great schools; and prices much more affordable than San Diego, we’ve had great success putting well-qualified families in the homes.

Prices are definitely up right now on purchases. With rates still low, buyers are willing to pay seller pricing and scooping up properties. Not many properties priced for investors right now. Not unless you want to spend over $1M to get a home out in wine country that can be a short term rental. Of course that’s a whole other game. But can be very lucrative if managed right.

Good luck to you in your journey. Feel free to reach out if I can answer any more questions.

@Rachel S. Hello. Just a quick response about Temecula. As others mentioned, Temecula did shut down most of the STR's. But there are "unincorporated " areas here that do still work. The properties have to be over 60,000 SF in order to obtain a permit.

Temecula is a great place for long term rentals. The demand is higher than the supply because of the great schools here. Rents are up but right now, so are purchase prices.

@Anthony Richard Vasquez Considering I work directly with investors here in Temecula, I know for a fact that we need more rentals here. I’ve helped a couple investors recently, both identify for purchase, and help with tenant placement. I’ve gotten so many requests from qualified applicants, but of course can only place one family. So that leaves so many asking for inventory that we just don’t have. Price range doesn’t matter either. We need more at all levels. I’d love to help if you have more questions.

@Matt Lindsey you should be sure to ask for 2 current paystubs. That should be a good indicator as to if they are employed or collecting unemployment. I’m going to research your other question.

Just FYI, some of the HOA's in Temecula are only $35/mo (no amenities), $50/mo. (with amenities), and $98/mo (with amenities). But you can get minimum $100/month more for a house with the HOA amenities. Again, since you are commuting to San Diego, I DO NOT recommend Winchester. We have tons of families that commute to all the San Diego bases in both Temecula and Murrieta, especially in south Temecula. And yes, you can find homes still in your price range.

San Diego is probably always going to be a safe bet, as long as you stay in rent-friendly areas. But if you want to get more home for the dollar, Temecula/Murrieta are great options for family rentals based on the schools and parks.
My experiences are from buyers and renters up here are based on the prices being so much more affordable. Typical example: I have a client who recently sold his condo in San Diego for just under $680K. It is approx. 1500 SF 3 BR/2BA. In Temecula he bought a SFR for just under $550K. It is approx. 3000 SF 5 BR/3BA. For $130K less, he traded his FREEWAY back yard for his new GOLF COURSE back yard. We have plenty of commuters that live here. I always recommend folks that work in San Diego County, to stay either south Temecula, but if you want to buy more for your money, you can buy further north, but try to stay as close to the freeway as possible to avoid the extra traffic time. No matter what you choose... be sure to check the everything, not just the prices. The tax rates and HOA fees vary everywhere.

People moving out to French Valley go there for lower prices, so as long as you keep the rental rate down, you should be able to secure tenants in a timely fashion. French Valley is harder because traffic on Winchester is rough, so time to and from the freeway narrows your tenant pool.
I have clients with many rental properties in Temecula. My experience, rentals move pretty fast in GOHS territory, so prices are pretty good. We don't get as much for rent in the areas north of Rancho California, and they take longer to find tenants. Unfortunately, statistically, the lower the rent, the more issues we've had with tenants. And that holds true no matter which area of Temecula we're in.