Imperial Beach, CA (PRWEB) April 21, 2013
The Real Estate Marketing Insider’s Tobias Nergarden announced Imperial Beach as REMI’s Rental Market of the Week. For people considering investing in vacation rental San Diego and nearby cites are the place to look. According to Imperial Beach Patch News, the San Diego-area Imperial Beach rental market is white-hot right now, and is one of the best real estate markets in the country. Given the area’s increasing popularity, Mr. Nergarden listed three reasons why realtors should consider adding Imperial Beach rentals to their portfolios.
1) Rentals in High Demand. Imperial Beach is an increasingly popular location for tenants, with almost 70 percent of all households being renters. Surveys show that vacancy rates in Imperial Beach have fallen from 5.7 percent in 2011 to 2.4 percent in 2012. Rental rates are also rising along with the increasing demand. Imperial Beach property owners have seen a steady increase in their rental income since 2011.
2) Great Location. Local attractions and amenities are one of the most important things to look for when choosing a rental investment location. Imperial Beach is a popular destination for tourists and locals alike. Every July, Imperial Beach hosts the annual U.S. Open Sand Castle Building Contest, which attracts thousands of spectators and competitors from around the globe. The area’s beautiful beaches make it a popular spot for water sports like surfing, swimming, and body boarding. The Pier in Imperial Beach is also a popular attraction, offering shopping, restaurants, parks, and recreational facilities.
3) Thousands of jobs added and going strong. A great bellwether of a good rental property investment is a strong job market. As part of the San Diego County, the Imperial Beach job market has been doing great in 2013. In fact, U-T San Diego reports that the 2013 San Diego County job market is shaping up to be the best year for job growth since 2000. In January and February of this year, the number of non-farm wage and salary jobs was up by at least 30,000 compared to the same period in 2012.
REMI believes that if you’re a realtor looking to add rental properties to your portfolio, Imperial Beach, REMI’s Rental Market of the Week, should be at the top of your list.
Closing: Imperial Beach is a white-hot rental market at the moment because of the location’s high demand among renters. In addition, Imperial Beach has a popular beach culture, and its job market is better than at any other time since 2000. For these reasons and more, The Insider is pleased to name Imperial Beach as its Rental Market of the Week.
About the Real Estate Marketing Insider:
RealEstateMarketingInsider.com is a La Jolla, Calif., based publication that consistently provides cutting edge reports on today’s real estate markets. The Insider is committed to providing quality real estate advice and tips to home buyers and sellers, and real estate professionals, too.