Should I Invest in Los Angeles Rental Property? | LA Property Management
Financial security is a goal for most Americans, and if you’re wondering how to invest your money for maximum gains, consider real estate. There are many different ways to invest in real estate, and one of the best ways to earn long term returns is by purchasing rental real estate.
Today, we’re discussing why investing in real estate is such a good idea, and why the Los Angeles market can be attractive for investors like you.
The Benefits of Real Estate Investing
Real estate is a safe place to invest your money, and you can usually count on higher returns than with the stock market. Historically, you’ll be able to earn more the longer you hold onto your investment. The value of your property will increase, and you’ll be able to avoid the volatile ups and downs of the sales market if you buy and hold.
Real estate is also tangible. It’s an investment that you can use at some point, if you choose to. Perhaps you or a family member will need a home in a few years or at retirement time. With your real estate investment, you can earn money while you’re renting it out, and then put a roof over your head when you’re ready to move in.
There are a number of tax advantages associated with rental properties as well. And, you’ll have the opportunity to diversify your entire investment portfolio by owning one or many rental properties.
Investing in Los Angeles
Some people worry about investing in California because of the higher-than-average housing prices. However, Los Angeles provides a lot of great opportunities for investors. You can earn money with short term rental properties. Airbnb, for example, makes some property owners a lot of money. However, if you want stable, long term tenants, there are plenty of those in Los Angeles as well. This is a hub for many businesses and colleges, and you can count on a large tenant pool of stable renters. We have an entire city of tenants with great jobs and high incomes.
There are a number of great neighborhoods in Los Angeles that command high rents. That will offset the price of your home, and make your investment a good one. Check out areas like Silver Lake, Westwood, and Los Feliz, where rents are climbing and occupancy rates are high.
We’d love to tell you more about why it’s a good idea to invest in Los Angeles real estate, especially if you want to rent it out. Contact us at EFS Property Management.